The S&P500 / US500 hit this week the 1week MA50 after 7 months. This is a major Support level, considering that it also made contact with the Rising Support of the 2022 market bottom. Also the 1week RSI hit the 12 month Support. As long as the 1week candles close over this, buy and target 4610 (annual High). This may be achieved before the end of the year since...
WTI Crude Oil hit the Falling Support, the 3rd time making contact with and turns into a short term buy. Target 89.75 (Resistance A at 89.80). The medium term pattern is a Channel Up so id the Falling Support fails, take the small loss and wait for the bottom of the Channel Up to breaks. Sell and target 79.00 (1week MA50). A bearish reversal is quite probable at...
Gold / XAUUSD is trading inside a Channel Up since the October 6th Low and the start of this fast and strong rise. It has been having symmetric pull backs of -1.25% to -1.70% and appears to have completed the latest. As lng as the 1964 Low holds, buy and target 2020 (+2.95% rise, same as the last two). If it crosses under 1964, sell and target 1940 (1day...
Dow Jones may be trading inside a long term Channel Up but the medium term pattern is a Bearish Megaphone. The last Bottom of the Channel Up was closer to the 1week MA200, this time the MA level is even closer, a strong candidate for a bottom. The previous correction leg made a -10.15% extension, a new one of this size meets almost perfectly the bottom of the...
Nasdaq / US100 is trading inside a Falling Wedge, currently on the 3rd bearish leg of the pattern. Be ready to buy when the 1day RSI touches 34.20 (Support A) and target 15100 (Falling Resistance). The Sine Waves show an amazing symmetry between bullish and bearish legs. Previous chart: Follow us, like the idea and leave a comment below!!
The EURCAD pair crossed over the 1day MA50 yesterday for the first time in 6 weeks and today is closing over it. This is a bullish extension signal towards at least the Falling Resistance. Every bullish sequence in 2023 following a 1day MA50 break out has made at least a +4.21% rise. Buy now and target 1.46800 (Falling Resistance). Follow us, like the idea...
PG formed today a 1day MA50-100 Bearish Cross. Primarily a sell signal, the last 3 occurences of this pattern have delivered higher prices. All those patterns hit at least their prior Resistance level. Additionally, the 1day MACD is 4 days into a Bullish Cross. Buy and target 158.00 (Resistance). Follow us, like the idea and leave a comment below!!
Polymath / POLYUSD crossed over the Falling Resistance, which has been supressing the price during the Bear Cycle since the August 2021 High. In the meantime, the price succesfully crossed also over the 0.236 Fibonacci level. The last Resistance standing is the 1week MA100 (sitting on the 0.382 Fib). If broken, take a buy position and target 0.4775 (Fibonacci...
Bitcoin / BTCUSD crossed over the 1week MA100 for the first time in 16 months, with that alone being a major bullish signal. It's another long term signal however that tells you a very strong rally is about to start, which you don't want to miss out. The 1week RSI made a rebound on its Rising Support and crossed over the MA level. Similar rebounds on prior...
Well based on the whole history of the pair, yes. As you can see a giant Ascending Triangle on the 1month chart, with the price only now testing its bottom / Rising Support. Technically, the target from now on is its top at 0.00006500. Follow us, like the idea and leave a comment below!!
AT&T almost achieved a +10% rise today, forming a Buy Cross on the 1day MACD. Though technically bullish, the last two 1day MACD Buy Cross formations priced market tops and were excellent sell opportunities. Sell now and target 15.00 (Fibonacci 0.5). Follow us, like the idea and leave a comment below!!
EURUSD is on an Ascending Triangle pattern, whose previous occurences after lengthy corrections, have been bottom formations. All of them broke upwards after 1day MACD Bullish Crosses. We have all those parameters aligned and the price is still relatively low, under the 1day MA50. Buy now and target 1.0800 (1day MA200 and Falling Resistance). Previous chart: ...
Gold / XAUUSD has again failed to cross above the Falling Resistance of the long term bearish trend. In fact today's failure, if remains, it will be a technical Double Top formation, a very bearish pattern. Sell if it stays intact until closing and target 1900 (4hour MA200) and 1875 (Fibonacci 0.5 level). The 4hour RSI also shows that we have a rounded top like...
IOTAUSD got rejected on the 1day MA100 today. This made the latest Lower High inside the 10 month Falling Wedge, which keeps the trend bearish. Sell now and target 0.13500 (Support A). The 1day RSI got rejected on its own Falling Resistance. Follow us, like the idea and leave a comment below!!
The S&P500 / US500 is trading inside a larget Bearish Megaphone pattern, which is rising lately to price a Lower High on the Falling Resistance. This creates the potential for two Channel Up patterns, a dotted one more aggressive and a dashed one less aggressive. The determining factor is the 4hour MA50. So far it is holding and favors the more aggressive...
Dow Jones on the 3M chart gives you the clearest picture you can get. Every 10-15 years it consolidates inside a Megaphone (fundamental reasons like war, recession etc) and then an expansion phase follows. In the 90s this expansion phase was extended due to the uprecedented boom of Dotcom. While the index is on its expansion phase, the RSI trades inside a...
The 10year Bond Yields / US10Y is trading inside a Channel Up since May 1st. The last two weeks the price is pulling back after a Higher High rejection and Double Top on Resistance A (4.888), aiming at the bottom of the Channel Up. That is a buy opportunity to target 4.888 again. If on the other hand the 1day MA50 breaks (is untouched since July 20th), sell and...
CHFJPY is trading inside a Channel Up, which made on October 3rd the latest Higher Lon on the 1day MA100. The price is already near Resistance A (166.550) and the 1day RSI bullish above the 60.00 level. Buy and target 172.000 (less than the previous -9.60% rise). Previous chart: Follow us, like the idea and leave a comment below!!