Reverse head and shoulders pattern emmerged not long ago and it looks like its repeating itself for a second time possibly. Looking at the pitchfan it looks as if crude oil is ready to treverse back to the green zone with a nice drop.
Crude oil is ready to follow the trend and create a new low.
Oil is about to go into resistance or avoid it at all. I highly doubt it will break the trend and break through resistance so I expect it to bounce off resistance created a new low. I will set my stop loss above resistance and await the fall. *NOT FINANCIAL ADVICE*
Gold is ready to make large move, it has just touched resistance, if you look at the highlighted circles, they represent resistance touches. On all 4 occasions resistance was strong enough to cause gold to bounce up. I see a massive spike approaching just like the other 4 times, however I will wait for confirmation, if it breaks above resistance then it will be a...
bears will exhaust themselves shortly, as soon as that happens we will buy into the dip and take profit from a nice spike.
Right now, gdp/usd is very bearish. It is in 1h trend resistance, If it manages to break above resistance then possibly it will break the trend. However, I it continues to struggle in resistance, it will most likely drop creating a new low.
Gold has been very bearish recently although there could be a reversal. Either way I see an incoming spike that will touch the trendline. It will either touch and drop or touch the trend line, break it and spike in a bullish trend. Let me explain, on two seperate occasions, there was a flatline which ended in a perfect spike touched the trend line then dropping...
Ger 40 has been very bearish although we can see that the last time there was this extreme bearishness it caused bulls to create a nice wave of bullishness. Although in the first drop the moving average was bearishness. Although now the moving average is looking bullish. Combined with the fact the drop seems to be slowing. There will be an outburst of bulls.
Head and shoulders pattern emerging on 1h time frame. I am shorting looking for the drop to continue.
3 outburst of bullishness. The first one was (first arrow) failed to break ma 1 and only managed to overpower bears for one candle, although bears werent back in control for long and bulls manage to create another spike, however the spike failed to break the trend or even get close to 1760 by being $5 off. After gold being pushed further down, bulls gave a large...
Looking for incoming long position on oil, Oil will drop into resistance then either break through and drop or follow the 1h trend and spike up. As soon as we see the signal that oil has touched resistance than I will open a long position with my sl being below resistance. please give any advice as it will help, and you overall opinion on oil and my...
I remain slightly neutral but still lean towards bearish, if it breaks the top trendline I am simply going to spectate but if it falls below I continues it's trend I will quickly open a short position.
Overall NG is bullish in my opinion however on a 15m timeframe, I suspect there to be a decent drop incoming. *NOT FINANCIAL ADVICE LOL*
Short term sell position opened as on 15m chart bulls are struggling to break above the moving average, at the current moment. For the moment I am selling although I am not sure what tomorrow will look like although I am hoping tomorrow will be bearish. *NOT FINANCIAL ADVICE I AM NOOB*
I have a long position on gold at the moment, Gold seems to be preparing to break through the moving average lines. Its not only lingering around the top trend line but also the bottom moving average line. 62-66 Wouldn't be suprised if there was a small drop prior to this but its only a possibilitiy. *NOT FINANCIAL ADVICE JUST PRACTICE* Let me know where I can...
*THIS IS NOT FINANCIAL ADVICE* Potential for short position after failing to break previous high.
I am waiting for CL to cross the top moving average line for a second time to open a short position. Feel free to give me advice, I would encourage it. *THIS IS NOT FINANCIAL ADVICE JUST PRACITCE*