Due to the bullish action, we had to update our chart. We put a bullish alternative on the chart. At the moment, the bears are still in charge of the chart, and we see them aiming at the 3000 point mark. However, our alternative scenario depicted by alt. and the dashed arrows must be taken into account with a high percentage of 42%. Price action is in a crucial...
Ethereum is taking its first steps towards the bigger corrective wave. Although the structure is not very clear yet, these steps are a positive sign. After a perfect landing at the 61.8% Retracement at $420, Ethereum turned and made its way, leaving our turnaround zone behind. Unless the bears drive prices up above $420, the way is paved for further selloffs.
🌍 The earth is turning against us, and it's time for us to board the spaceships leaving for Kepler-186f. Just kidding, it's not that bad! However, we still have to expect another -15% in the S&P500 for the upcoming weeks. Our target area for the correction lies between 2900 and 2650. From there, we expect major support by the bulls and a turnaround towards...
Another Iceberg ahead! After breaking our support line at 12199 points, the slump in the DAX accelerates further. With the step below 12199, we have adjusted our primary expectation. We are now looking at values around the 10000 - 106000 points area. From this region, the bulls might have a chance for a turnaround. Should we break below the 10k mark, so help us...
The Bulls win the race! By breaking above the $12067 mark, our primary expectation was neutralized, and as we expected, the upwards movement gained momentum. The bulls are now facing a major resistance at $13764, the June 2019 high. We see a correction in wave (iv) in blue for the imminent route, where another Long Trade is possible. Happy Monday Trading!
Ethereum is almost ready for its next corrective wave. We expect prices to reach the area between $400 - $450 before another sharp decline occurs. We defined a potential turnaround zone in which we consider a short entry. Under no circumstances should the bulls break above the $450. Otherwise, Ethereum would most likely rise above $500. After completing wave 2 in...
Bitcoin reaches our turnaround zone, and we see the first reaction. The bears bring us down below the $11500 mark, and we are very curious about what the upcoming days will get. Primarily we expect the start of a greater decrease in price, the target of which lies in the $8000 area, as indicated on the chart. Prices above $12067 must be avoided at all costs....
That’s the way..uh..uh! That’s the way we like it! Not only KC & the Sunshine Band lifts the mood but also confirmed turnaround zones like the one on our Apple chart. We think the low in wave in Red is in. Subsequently, we expect share prices to rise until we hit the $160 area. The next major hurdle for the bulls is the $128.78 mark. Feel free to share your...
In our last EUR/USD update, we stated that a direct turnaround might be happening. However, we indicated that with a breach of $1.17094, we have to expect further bearish action. The market made a decision by trading below the mentioned level. We then reached our turnaround zone, and the bulls took over as expected. We believe that wave 4 is completed, and we are...
The DAX opens Wednesday's trading session flat, while concerns about the coronavirus pandemic and its impact on the economy continue to dominate among investors. U.S. President Donald Trump had instructed the government and his party the evening before to refrain from negotiating with the Democrats on further aid measures to deal with the virus crisis until after...
The S&P500 reaches our potential turnaround area, where we expect bearish action. We do not want to see a breakout above the 3502 points, otherwise our primary expectation would be neutralised. Our target is still the region around 2900 points.
Looking at the Gold Chart, there isn't much we could add. The chart says it all. We think that wave 3 in green is completed, and at the moment, the corrective wave 4 is underway. After wave 4, we expect the downtrend to continue. The target is the area at around $1800. Our scenario is valid as long as we do not reach prices above $1908. Should the bulls break...
We think not. Our primary expectation is, that the SP500 is geared for a bigger correction as indicated on the chart. Our target is the region around 2900 points. From there we expect new all time highs in the long run. Right now the bears should keep the index below 3502 points. If we see a break out above this resistance our primary scenario is no longer valid....
We updated our target for the correction in silver. Due to the breach of the $23 area, we have to expect further downward movement. The new target for a turnaround is between $19 and $15.50. A yellow box indicates the zone. This bigger correction leaves us with more potential to the upside after the current correction. We think that we are now ina major wave 2 in...
In the end, everything will be alright. Otherwise, it's not the end! In the Long run, after the current correction, we expect prices in Ethereum to rise significantly. In this rise, we might even break out to new all-time highs. Before that, however, we have to deal with another major drop in price. This drop might come earlier than expected. In our alternative...
If our plan pans out, Bitcoin is gearing up for much higher levels, in the range of the previous all-time highs. Nevertheless, we need completion of the correction before the bulls are strong enough for the next rally. This current correction in wave 2 in blue should at least bring prices in the area of $8200. From there, we expect strong support and bullish...
According to Bank of America, the US tech sector is now worth more than the entire European stock market. Although, in the wake of the recent setback in the tech sector, the main concern seems to be massive overvaluation as a reason for the latest selloff. We, however, see arguments against a pessimistic view. Many tech stocks are seen as profiteers of the virus...
The fear of a new corona wave swept through Wall Street on Monday, and the S&P500 fell back to levels from early August. The downward trend that has been going on for weeks since the high in the 3600-point range is thus continuing and reached our target zone. However, further turbulence must still be taken into consideration. On the one hand, expectations...