Yesterday Oil broke a downtrend, so we can expect it to make a corrective estructure in the short term and go upwards again. Remember: not a significant uptrend, but maybe someone wants to take advantage of it.
Look at my EURCAD analysis since I'm watching oil while caring about CAD, not oil itself.
This is my wave count on AUDJPY. We can clearly see that we're on a big downtrend channel, which is currently on the fifth wave, so it gives us a lot of margin to fall down even more.
This idea is supported by the fact that that wave it's currently on its third wave. I think it will behave like shown on the chart.
Merry christmas to everyone,...
I've seen this formation in GBPUSB and thought that could be very interesting for you. I'll be following it closely since it can make a good oportunity for both for selling and buyin (I think this is going to be a downtrend, but I'm not very sure).
Regards and good luck to everyone.
As you probably know, October has been the best month for the SPX500 for years . However, as far as I can tell, bulls are exhausted , so it's time to sell.
Fundamentals looks promising, everything is good news, but reality is that nothing can grow at this rate for too long. In addition, we're reaching a resistance and I see a possible...
Well, today's been a very bearish day for the euro. Now it's testing a support, so we shoud wait either for a bounce or a breakout before making decisions.
Personally I think this support will handle it and will bounce, but it's just my opinon. Let's see what happens.
Good luck to everyone.
Hello everyone. Just wanted to share with you this idea, hope it works!
I see that USDCAD (H4) is doing its fifth wave , and since the third is longer than the first, this one will be running until a new downtrend starts .
Not only that, I also see a divergence , but maybe we missed the boat for a few hours, not very sure though.
Tell me what you think,...