Check out the possible H&S domino effects from 1H to 1W timeframes. More in comments
1) We are at the very top of a huge bearish wedge. Really nice to short 2) RSI starting to stuck up there, after a really good rally. 3) Prices hit a resistance level which was a peak of NOV 2015. Same result: pulled back and failed to close 3) Bearish divergence on Daily MACD. Divergences may take time to develop but looks like this one is ready to be...
1) Double-top formed between March, 21st and April, 12th: - V-form? Check - Set new highs? Check - Failed to close above previous high? Check 2) Bearish divergence on Daily graphics both for MACD and RSI. Actually, looks like it has already started to develop 3) Failed to hold Daily 200 MA. Happens both on Brent and WTI 4) Lower highs and lower lows for 3 days...
UKOIL started one more raising leg and the target depends muchly on the producers meeting in Qatar. If by the 18th of April there will be no solid agreement, Oil will finally plunge. Until then, we still have waves 4 and 5 to be run next week. Final target is around mid-43, if you swith to Daily TF, you will see that 200 MA resides on that level, therefore, will...
I believe I´ve spotted a Wolfe Waves pattern on DXY. Notice Wave 5 may still go to 94 figures and then complete a pattern. If my calculations are correct, the target would be 97 figures on around 27th of April. This may also put a definitve end to Equities and USOIL rally.
Bullish flag pattern on Brent, therefore, it is good to go long right now while we are at the bottom of the Flag wedge. Also, good entry point is after the flag is broken. Target: 41 figures SL: 39.50
An ascending triangle formed on US30 chart. I open a long position at current level, targeting 17676 figures SL: 17540
There is a pattern on GBPCHF pair which is known as Flag: the movement continues up after a consolidation. I´d expect a minimal target of 1.388 after a figure breaks but having the 200 EMA on sight, it can easily arrive to 1.39. The best scenario is price going down to the bottom of the flag formation and then rise to break the figure. So, look for a buying...
Looks like USOIL has finally entered into a correction phase. This is the forecast, although, we still have to pay attention on how it will develop because a flat correction is very probable here: very low volumes and very negative inventories this week.
NKE is about to break a neckline of it´s inverse H&S. Long from current value, targeting 68 figures. It also can go slightly lower to test a 200 EMA (black line). If so, it is a good entry point too SL: 62 TP: 68
US30 urges a correction before being able to set new highs. RSI shows "Overbought" level on all timeframes higher than 60. The quote is currently on 52W high levels and needs some fuel to set new highs which, currently, doesn´t have. I already have my short placed from 17606 level. Entry point: current level or somewhere near 17600 if it climbs up on Monday...
XAGUSD broke a long time wedge and now targets 16.881 figures. If Wave C extends to 161 and 261 Fibo lines, it may reach 20.5+ figures. I buy from current level once the futures market is open and target the optimistic scenario. Therefore: Entry point: 15.775 (or the lowest possible opening) SL: 15.400 Important: the quote may go lower than wedge during a...
Please see my forecast for medium term for Oil prices evolution. Please notice all trading ideas shown here are a simply forecast based on a prediction patterns system. They are not a rule so, if you use them for your real trading operations, you do it on your own risk. Trade safe!
Thanks to FED, the EURUSD pair is on a clear ascending setup. I´ll await until the trend line is broken and then buy, targeting 1.17 Entry point SL and Wave chart in comments. Thanks for watching and trade safe!
The GBPJPY pair is in an acending wedge which can break at any moment. I´m monitoring the pair to confirm the breakdown. Also, the BOE statement and their decision on rates can abort the trade if the Pounds Sterling goes up. I believe, the situation will be resolved by tomorrow.
If AUDUSD breaks a blue trend line, I´ll go long. My entry point would be 0.761, targeting 0.816 Entry point: 0.761 (to be confirmed) SL: below 0.76 TP1: 0.771 TP2: 0.795 TP3: 0.816 Trade safe!
According to my calculations for W3 movement on current uptrend development of US30, it closed almost exactly on a target price of 17192. Following the model, the W4 should start on Monday next week and bring us to 16789 or 16674. I personally think more on 16789 as 16782 owns a year-to-date 61,8% Fibo line and also EMA 100 is there while 16674 doesn´t have any...
A Cup and Handle pattern completed it formation for XAGUSD chart. Also, there is a bullish Flag pattern formed, targeting 16.300 figures approximately. Entry point, SL and TPs are in Comments. Thank you for watching and trade safe!