In my last forecast i was watching for head and shoulders to be confirmed on the SPX500. The right shoulders fails and then with a fake brake out of the head they started the sell off. Now SPX500 is close to important upper trending line which i think is going to be the bounce area. SPX500 as the nasdaq are going to make the last leg higher before a big correction.
Nasdaq made a correction as i predict in my previous forecast. Now it dropped to very important trendline which i think is a key level for the Nasdaq. I think that it’s going to bounce from here and looking for a new all time high.
TSLA is going to lead QQQ in a nice correction so my prediction is that TSLA is going to fall to the major trend line. Follow me for more ideas.
EURUSD is forming beautiful H&S pattern. It's forming the right shoulder and my expectations are that it will drop to the 1.19500. Wait for a stophunt at 61.8% fibonacci before enter short position. Follow me for more ideas!
IWM is forming big head and shoulders pattern which is not completely finished. I am expecting a 10% drop in the IWM. Follow me for more ideas.
USOIL is setting for a drop to 52-53 levels. It is forming a beautiful bear flag. We are waiting for breaking the bear flag to enter the trade. Follow me for more ideas.
S&P500 is setting for a head and shoulders. I am expecting big drop in this index.
US100 did a double top on the 4 hour timeframe. I am expecting a correction.
EURUSD complete it's lvl 3 cycle on the 1 hour chart and now it's setting for a correction. As you can spot on the 1 hour chart it's forming M pattern. Market makers are taking short positions here and they are trapping bulls up there.
As you can see on the 4hr time frame CAD/CHF is forming beautiful inverse H&S pattern. Our target here will be 0.74550. Follow me for more trading ideas. Thank you!
EUR/USD is forming inverted head and sholders on the daily timeframe. I am waiting for confirmation and our TP point is 1.22000.
Oil prices fell on Monday after last week's Opec-plus decision to increase production gradually, but Opec-plus delegates and analysts did not seem to be too concerned. USOIL is forming head and shoulders pattern on a daily basis. Our target is 51.50.
We can see that the SPX500 need a pullback before going higher. I think the price is going to reach 3860 and then we are going on a new all time high (4000).
GOLD is preparing for new leg up and it is going to reach 138.2% fibonacci level. Friday was alwful day for gold when it falls for 3,5% .
EUR/JPY is in range and forming a bull trend. Our next target is 138.20% extented fibonacci level.