In my $EURJPY analysis, posted few days ago, I mentioned two possible trading scenarios (bullish Aggressive C harmonics scenarios and bearish H&S scenario). 135.5 was the key zone and indeed we've started the trading week with a re-test of this support zone. Following some consolidation on the top of the 135.5 support zone, the rally finally came and the price...
Remember that zone I mentioned few days ago? $DAX declines after hitting it. Back to the bottom of the channel?
500-520$ could be a critical support zone for $AMZN. If $AMZN won't hold this support, it could mean that earning's spike will turn into a Weekly False Break
$EURJPY recently broke out of its downtrend line (red dashed line). Since then it created a bearish harmonics pattern (Yellow Gartley) that reached first target zone, but more important, pushed the price below its recent uptrend line. 135-135.5 is a strong support zone and possibly the neck line of a Head & Shoulders pattern. SMA's analysis shows the...
There's a small hourly Bat pattern that completed (not shown in this chart) and may lead to a pullback higher, but as long as the price is below 1.1, my target remains the completion of the bullish Gartley. Notice that $EURUSD declined after hitting its downtrend line
$UK100 was rejected by the 200 SMA line in its latest attempt to break it. The price is rallying again today as we approach the FOMC and there are several pattern I thought you should be familiar with. The bullish scenario - Two harmonic patterns will complete near 6900-7000 (bearish Bat and bearish Cypher). If the price will rally following the FOMC statement...
Yesterday I posted the near term resistance zone $DAX will have to deal with 11300-11400. Today I'm showing two harmonic options that perhaps show where the price could reach.. for both directions. 10000 will be the completion of an AB=CD pattern. 12000 will be the completion zone of a bearish Gartley. Two patterns, Two figure levels. This analysis is part...
$DAX rally today is pushing the price back up towards the top of the trading channel where it will meet a strong structure resistance and 2 SMA lines (additional resistance). Breakout or continuation lower? What do you think?
$GBPUSD is trading inside an ascending channel. With 1.54-1.55 as support zones and 1.53 being the A point of a bearish Bat pattern, I see potential Aggressive C entry in one of these levels with assumption that the Cable will complete the bearish pattern near 1.58. A close below 1.53 will violate this pattern. Also focus on the uptrend line
Possible Bullish Butterfly as a bearish scenario and possible bearish Gartley ahead of earnings. 36$ has proven to be a resistance zone over the last two weeks and above it we have 40$ which is another major resistance zone. Below, the only support we have in $TWTR is near 30$, which is point A of the bearish Gartley. As long as the price remains below the...
Potential reversal ahead? We are near 100 Price is above support If the price will rally from support to complete the bearish Gartley shown in the chart, it could become a very interesting reversal pattern to monitor and possibly signal buying opportunities in Major pairs This pattern and scenario is part of this week's Weekly Markets Analysis that covers...
$SPY was rejected this week following a re-test of previous record highs (or what I call the top of the False breaks trading range) and a re-test of broken uptrend line. The situation in $SPX is well explained in the chart as we have two different trading ranges - Main and extended (False Breaks range). 2060-2120$ is the main zone 2040-2130$ is the extended...
Next target, if it'll breakout of 1.44 - Completion of Butterfly near 1.48 Swing trading 1.4 is the nearest support zone (along with the uptrend line). If $EURCAD will reach there it may present a better entry (bullish) A breakdown of 1.4 could mean shift in trend
0.64 or the 0.66-0.67 resistance zone. These are thing zones I'm monitoring towards RBNZ rate decision. Will it touch the 61.8 Fib level before reversing higher or will it rally and close above 0.67 to provide a False Break bullish scenario? With weekly RSI deep in the oversold territory, I surely not looking to be a seller
Towards tomorrow's Greek vote, $EURUSD is about to test 1.1 which is now resistance. The bearish scenario here is that $EURUSD will be blocked by 1.1 and the fast daily SMA line and continue lower to complete the bullish Gartley. The bullish move, in case of a breakout, is limited with the 50 SMA line and the downtrend line not to far above the resistance.
With False Break to weekly reversal pattern They simply sucked all the suckers in..
16$ Is critical support. A close above 18-19$ could mean a buy signal. Volume still shows sellers pressure