Warning: Although it has not hit the ceiling of the trend line yet, the downward movement may start from this point. Dear traders, work very cautiously and with a low loss limit and be prepared for both scenarios. Be successful and profitable
The 4-hour oversold and Federal Reserve delay in reducing interest rates and good CPI and NFP data can be the next target at 1.033, which is the AB=CD pattern.
This is my weekly forecast. Based on the status of the indicators in the daily time frame, now is the time to start an upward daily step. Also, the starting time of a three-month step and all these together make me have this prediction. Good luck.
Hello friends Diamond pattern and the probability of falling. The 4-hour timeframe is overbought and the best time to start falling. The Federal Reserve's delay in reducing the interest rate can also confirm the continuation of the fall and the formation of the AB=CD pattern. (1.03)
The price is near the upward trend line, and if the economic data is upward, such a scenario can be considered probable.
It seems that as long as the average support of 100 in time 15 is not broken, it can continue to the downward trend line.
The release of CPI broke the trend line. This makes us expect the formation of an AB=CD pattern.
Before the publication of the inflation data of the United States of America, we can see an upward movement. Based on technical analysis, it is the time to start the daily uptrend and we are at the beginning of the three-month uptrend. But the inflation data can break the upward trend line and throw it down. And recent US economic data has affected interest rate...
We are approaching the opportunity to buy. We go to war with important resistance and break it Every 15-minute oversold is a buying opportunity.
Since the downward 15-minute step has been weak, we expect the upward 15-minute step to break the resistance. And the upward trend is stabilized.
In terms of the stochastic indicator in the three-month time frame, and in terms of time steps, we should expect a three-month upward step. Of course, the starting point of this step can be point 1.03 to 1.04. It can continue from here and this step has been started for three months. In terms of the Federal Reserve's policies and the end of the interest rate hike...
The 15-minute downward step was not very strong, so the 15-minute upward step can stabilize the upward trend.
It seems that the one-hour time frame is close to oversaturation and the 4-hour time frame is on the upward path. This is a war between two time frames and it has to be seen which one will win. Economic data has been down for the past few days, but the general policy of the Federal Reserve and the whisper of interest rate cuts are up. According to the conditions...
In the 15-minute time frame, we see a diamond pattern that the density has broken upwards, and this can be a sign of a trend change. Good luck
The price has pulled back after crossing the moving averages of 100-200 and everything is ready to resume the downward step. This is just a possibility. Also, the price is at the ceiling of the hypothetical channel Good luck
According to the oscillator and the channel, it seems that we should wait for a monthly falling step. Unless the roof of this channel breaks. Good luck🧡 Merry Christmas everyone💛 Have a wonderful year💚
In the picture above, there is a dashed line that the price has pulled back on, and the monthly drop may start from this point, but there is also a full line that the price may want to test before the drop. This channel is a hypothetical channel and may break to the upside.
It seems that the price is at the bottom of the channel and we have to wait to see if it can start a powerful trend in the 5-minute period.