A strong entry point can be seen on the currency by considering following indications: 1. A bullish rally 2. Morning start pattern (bullish candlestick) 3. Well-respected bullish parallel channel 4. A bounce from the bullish ABCD harmonics pattern (on daily chart)
The current chart pattern show confluence of: -Dow Theory (higher low) -Bullish engulfing pattern -Bounce back from C retracement in ABCD harmonics (0.46 fib retracement level)
The aussie dollar shows grim appearance against the swiss franc until 2023. Watching on a daily time-frame, formation of a strong bullish BAT pattern is seen.
Taking into account a respected bearish channel along with the formation of a bearish engulfing candlestick pattern, a nice entry point can be recognized for short selling.
Natural gas show somewhat gartley harmonics pattern, indicating a subsequent bull-run. Buyers should wait for rejection of a subsequent bearish ABCD pattern before going long.
West Texas Crude Oil shows strong bounce back from 0.46 fib retracement levels, and a possible formation of C-retracement pattern of the bearish ABCD harmonics. Buyers are advised to wait for the formation of first higher low and long.
After breaking of a strong trendline, the metal shows strong respect for the 0.318 fib retracement level. By keeping the price as stop-loss, one can long for the foreseeable future.
The stock shows strong indication to remain bearish for the foreseeable future due to the formation of a strong bearish XABCD harmonics pattern.
Euro against USD shows a textbook example of an bullish ABCD harmonics pattern with C retracement level near 0.816 fib level and CB projection reaching 1.618 retracement. The currency is likely to show bullish trend in the long run.
Gold shows considerable respect for the bearish trend line drawn on the graph. Supplemented with formation of a new lower high and strong bullish candlestick patterns, strong sell signal is generated.
The bears once again take hold of the stock by a bounce back from psychological resistance level of 151. With the possible formation of a new lower high, bearish trend shows to be strong. (Buyers should wait for the end of the hour for an assured entry point).
After exiting a strong bullish channel, the currency seems to retracing towards its 0.786 Fibonacci level. Combined with the formation of strong bearish candlestick pattern, shorting the currency is a viable option.
The bulls have defended well-respected bullish channel (highlighted above) aggressively. The prices are likely to stay bullish for the upcoming days.
After breaking a strong bullish rally, the bears have managed to pull the price of the said stock below 0.786 fib retracement level. Considering another strong bearish candlestick on an hourly chart, the prices are likely to fall below to the 0.618 level. A strong indication for short-selling.
Natural gas show a strong compliance to the bullish channel. By taking Fibonacci Retracement support & resistance, the current price point shows strong buy appeal. Moreover, strong bullish candlestick patterns and formation of higher low can be considered.
Using fib retracement, strong support and resistance points can be seen. Considering breakage of a strong bullish channel, the prices are likely to remain range bound in the correction phase.
The Netflix stock shows strong upward channels after accumulation phase.
With the help of support and resistance points, we can take long as well as short Brent crude oil against USD