Now we are obviously in the 4th wave Not sure if the correction is over, either way, we should see come correction before moving higher with target of 600+ If the correction is not over, we will see a support around 280 and 230.
If this is truly a descending triangle, we should a big move lower to 1800 or lower before making another leg up Look at fibo of E wave, now price are under the .618 level, so it is very likely that E wave is completed Let's see if we can break 1900 to confirm this pattern
After breaking out of the intermediate term trend line, now we finally get a retest. If we have a successful retest we could go higher from here, first target is 0.4x
I think now we are seeing the start of wave 4 The worst for bull case is we will go to around 190-ish and consolidate before another push higher. I don't like how RSI is never bought... Let's see what's coming for NASDAQ:MSFT this month
Now this pair should go to around 1.251 before we see a retracement Not sure if we will see a test of trend line support but hope so.
I think $DXY is going down in WXY pattern. Now we are in an X sort of triangle If I'm right, we should see a break down from here toward 90.xx or 88.xx Then, we would see a potential double top pattern and see $DXY go way way down Let's see how it unfold *If price go above 94 my idea will be invalidated.
I think we are in the last leg of wave 5 in ending diagonal 2 targets: 1) 1800 2) 1870 Confirmed by seeing red bearish candle in Daily TF at either 1800 or 1870 I think we will go to 1870 Then, we will see big retracement down to at least 1600
BTC/USD had an impressive move recently, but now it has reached 2.618 fibonacci extension of Jan 2019 decline I saw similar finding on EUR/USD I expect the same thing to happen here. I will looking for buying opportunity again around 4200 Happy trading
After price broke down the neck line of head and shoulder at 1290, theoretically we would move down about 60 points which give us target around 1228-1230. The question is... Are we going reach there in one go? or Will we see the retracement back to test the neck line at 1290? It's very obvious here from the chart and volume profile that if price decide to...
April 2019 is coming to an end so I want to sum up the current market situation so far. From the 4 assets classes chart below... Two asset classes are approaching resistance. The currency TVC:DXY has rally last week and now is approaching the resistance. Also, AMEX:SPY is almost at its all time high and long term resistance at around 3000 (also a...
Monthly overview, we are on the middle of the range here with support at 123.8-9. Price had bounced there twice last week and is now consolidated in vague descending triangle pattern with height of 1000 points. if it breaks 123.9 we would see price go down to 122.8-123.0, if it breaks up, expect selling pressure to continue at 125.4-5 Looking at XETR:DAX...
Following the unfinished record on fibonacci level :)
This is how i learnt to use this valuable tool :)
I always look at the chart from the big picture. On monthly, I see a bullish divergence and price could surge higher, but does not mean we are going to be in an uptrend until we can break that down trend line and stand above it. If this pair go higher, the point where 2 lines intersected (around 1.2) would be the place i would watch. It cannot clear that point,...
After we broke out of purple channel, price had moved to stall at resistance from weekly trend line (black line) and then forming, in my opinion, triangle. This triangle (blue line) has a target of around 18 points from the breakout. Right now it has broken the trend line that served as support for this rally at 1287 and is heading toward supporting line of...