EURUSD crossed today under the short term Channel Up pattern but for now it appears that it will close the day back inside it. As long as it does, the trend is neutral. It needs a (1d) candle closing over the MA50 (1d) to turn bullish and under the bottom of the Channel Up in order to turn bearish. Trading Plan: 1. Buy after a (1d) candle closes over the MA50...
The S&P500 index reached on Friday the bottom of the 3 month Channel Down and today's big (1d) green candles shows us that the Lower Low is most likely priced. Technically this is the most ideal buy entry for a rise towards the top of the pattern. Every top/ Lower High reached at least the 0.618 Fibonacci retracement level. Trading Plan: 1. Buy on the current...
Gold is trading on a Rising Megaphone inside a Channel Up, both powerful bullish patterns. All 3 Lows prior have been priced under the MA50 (1h) and on the Rising Support. The MA200 (1h) has been supporting all the way back since the October 8th breakout due to the war. Trading Plan: 1. Buy when the price crosses under the MA50 (1h). 2. Sell if it crosses under...
Apple hit the MA50 (1w), the strongest long term Support, for the first time in more than 7 months. The pattern is a Falling Wedge and last time such formation tested the MA50 (1w) from above was on March 14th 2022, and the level held and rose over the 0.786 Fibonacci. Trading Plan: 1. Buy on the current market price. Targets: 1. 191.00 (Fibonacci 0.786 like the...
Dow Jones is approaching Support (1) and the Rising Support of the 2023 Channel Up. The Support (1) level has been holding for 5 months. Based on the Falling Resistance that initated the current correction and the rejection on the MA50 (1d), the price action is identical to November 2022 - March 2023 so far. Trading Plan: 1. Buy on the current market...
Dogecoin crossed today over the Falling Resistance that originated 1 year ago and hit the MA50 (1w). The last structure that crossed over a Falling Resistance (October 24th 2022) delivered an incredible rally. Trading Plan: 1. Buy if the candle closes over the MA50 (1w). Targets: 1. 0.15900 (Resistance 1). Tips: 1. The MACD (1w) completed a Bullish Cross this...
United Health is on a green (1w) candle despite the general market sell-off. This is technically due to the longer term pattern which is shaping up to be a Cup/ Arc, that remains to be seen if at the end of it will give a Handle. Trading Plan: 1. Buy on the current market price. Targets: 1. 553.00 (bottom of Resistance Zone 1 which was initially formed on April...
Google is having a rough day following the revenue miss and has found itself at the bottom of the 5 month Channel Up. This is a buy opportunity, as long as (1d) candles close inside the pattern. Trading Plan: 1. Buy if the (1d) candle closes inside the Channel Up. 2. Sell if it closes under it. Targets: 1. 146.00 (+15.50% rise, like the first bullish leg of the...
WTI Crude Oil is breaching at the moment the Rising Support of the last 3 months. The (1d) candle closing will determine in our opinion the short term direction, as on this level the momentum is neutral, with a Falling Resistance above and numerous Support levels to target if broken. Trading Plan: 1. Buy if the (1d) candle closes over the Rising Support. 2. Sell...
EURUSD was rejection early today on the MA50 (1d) and the price pulled back aggressively. So far it is contained above the MA50 (4h), keeping the Channel Up since the bottom of the 3 month correction, intact. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.07500 (top of the Channel Up). Tips: 1. The RSI (4h) hit its Rising Support and is...
Apple is trading inside a Falling Wedge pattern, which yesterday met its MA200 (1d) and rebounded. This put a stop to the bearish leg's downtrend and as long as the MA200 holds, the wave count can break over the top of the Wedge. Trading Plan: 1. Buy on the current market price. Targets: 1. 190.00 (September 5th High, Fibonacci 0.786). Tips: 1. The RSI (1d) is...
Gold has converted the formerly strong Support, MA50 (1h), to a Resistance and a Channel Down has emerged. Today it priced first the Lower Low and now the Lower High. Trading Plan: 1. Sell on the current market price. 2. Buy if the price crosses over Resistance (1). Targets: 1. 1950 (Lower Low on a -1.39% decline, like the previous sell leg). 2. 1997.30...
Tesla hit on the opening day of the week the MA50 (1w) for the first time since the end of May. At the same time it hit the MA200 (1w), which makes the current level a strong double level Support for the long term. Trading Plan: 1. Buy on the current market price. Targets: 1. 150 (Falling Resistance 1). Tips: 1. The MACD (1w) indicates that Tesla may be...
Nasdaq is extending the decline it suffered at the top of the Falling Wedge pattern. The Falling Support is the level to watch for buying and the price is within days from hitting it. Trading Plan: 1. Buy when the price hits the Falling Support and the MACD (4h) makes a Bullish Cross. Targets: 1. 15000 (slightly over the 0.618 Fibonacci). Tips: 1. The MACD (4h)...
Bitcoin SV crossed today over both the Falling Resistance of the April 12 2021 High as well as the MA100 (1w) for the first time in nearly two years. If the (1w) candle closes over it, it will be a bullish continuation signal. Trading Plan: 1. Buy if a (1w) candle closes over the MA100 (1w). Targets: 1. 100.00 (top of Channel Up and symmetrical +205.87% rise as...
The S&P500 got rejected twice near the MA50 (1d), causing a 7 day decline. Since the October rise has been stronger so far than this decline, we can consider it as a Bullish Flag. The price is approaching the MA200 (1d), where the October rally basically started. Trading Plan: 1. Buy on the current market price. Targets: 1. 4380 (MA50 1d). Tips: 1. The RSI (1d)...
HEXUSD crossed over both the 2 month Falling Wedge pattern, as well as the MA50 (1d). This is a clear bullish signal for the long term but the short term is still limited by the MA100 (1d), which is unbroken since May 11th. Trading Plan: 1. Buy after the price crosses over the MA100 (1d). Targets: 1. 0.011800 (Resistance 1). Tips: 1. The RSI (1d) turned quickly...
Netflix made a huge price jump today, opening on the MA50 (1d) for the first time in more than 1 month. It remains under the Falling Resistance, but held the Rising Support trend lines of the Bullish Megaphone. Trading Plan: 1. Buy after the price crosses over the Falling Resistance or if it hits the MA200 (1d) again. Targets: 1. 508.45 (January 20th 2020...