fizzylotus

fizzylotus

The market has been in a significant uptrend in the last few days. GOLD should react to the supply zone of November's all-time highs. If not, it will break through and continue in an uptrend in the higher timeframes. The market has three options: 1. Respect the supply zone drop for some points and create a chart pattern that indicates a new direction. 2....

fizzylotus

Price broke through channel in higher timeframe (4h). My bias was short, but now i guess based on technical factors that it may go long in to the 34149 area. I'm waiting for price to come to the golden zone of the fib retracement (0.318 - 0.618). While price is doing that it will create a short term down-trend (retracement/pullback). After that I will draw a...

fizzylotus

From January 2023 price entered a uptrend (Higher Highs and Higher Lows). Since July 19th to August 21th that wasn't the case anymore. Buyers failed to push the market up since last HH and created a downtrend signal. What price could do for the next days/months 1. Continue in downtrend and come down to price 13'000 - 12750 area or 2. Create triple top and then...

fizzylotus

DJIA Broke Downtrend channel, yes, but when you look in the 4h charts it came perfectly in to the golden zone (fib retracement) and now rejected 0.618 level and could rally big. If this one goes in your favor you could catch around 4000+ pips