joe-abdallah

joe-abdallah

On weekly timeframe, CHFJPY has reached an overbought zone (RSI), an intersection between upper channel and horizontal support. On lower timeframe, we've seen a big rejection recently, and then a correction upward : here we reach the 80~88% fib levels of the last rejection (D1), with a bearish engulfing pattern yesterday. This behavior can be a potential sell...

joe-abdallah

If gold is still in a downtrend and has really ended the wave on 1614, we are now in a b c correction. Wave a went to small market cycle wave iv (1730 as we were expecting 2 weeks ago), and if we really ended wave b, on 0.76 fib of wave a length, i told you 1657 and 1640 are IMPORTANT levels, it rejected yesterday from it. If we see a daily closing candle above...

joe-abdallah

After the end of wave 5 (previous downtrend), gold has started to correct, maybe in a big ABC setup, or even in a new big impulse 12345. However, we should watch 12345 waves, inside big A wave or inside big 1, it doesn't matter. First we see 1 and 2, inside 3 we have another i,ii,iii,iv,v setup. Gold has retraced to 50% fib retracement levels of wave iii, this...

11:07

joe-abdallah

As we can see on the chart, Gold is struggling under dollar's pressure. It is making lower highs and now a lower low on bigger timeframes. RSI on the daily started showing bullish divergence. However, wave 5 can be equal to wave 1 when we meet an extended wave 3. This length will be reached on 1635 level for Gold. From another perspective, it can go to 1585...

joe-abdallah

After the big fall of USDJPY last week, we can predict a shift in momentum and search for sell opportunities. On short term, MACD is showing bearish signals, Good luck everyone, Joe.

joe-abdallah

As AUDNZD approaches a monthly resistance zone RSI shows bearish divergence on multiple scales from weekly to H4. It is forming on lower timeframe (H4) a triple top, we can sell after a big candle close below the neckline till the next support. Be careful, until the sell activation, AUDNZD can still be bullish breaking the resistance. Goodluck, Joe.

07:18

joe-abdallah

As we can see on the chart, WXY pattern is clear with an irregular X wave (because of yesterday's Fed news), but still valid and didn't break the low of wave W. A contracting triangle is forms wave B in the ABC pattern for wave W, even if a huge wick went out of it: closing above the downside of the triangle, this candle on H1 shows that the setup was still valid...

joe-abdallah

The Fed raised its funds rate by 75 basis point to a target range of 3.00% - 3.25%, its highest since 2008. DXY remains bullish, even technically, supported by a rising trendline, 20 and 50 SMA on D1. Even if the RSI starts showing overbought signal with bearish divergence, and Bollinger bands upper limit reached, it isn't in this case a sell signal: strong...

joe-abdallah

Hello everyone, learn how to catch the end of wave 4 and trade with the trend. This corrective wave has made a double bottom on 0.76 fib of the previous impulse movement. The double bottom was achieved with an engulfing candle (entry point). Cut your loss below wave 2 (wave 4 is not supposed to retrace that far), and catch your first profit target at the retest...

08:07

joe-abdallah

Hello everyone, Nasdaq has been trading down this year, but it has made a new swing high and a higher low on daily timeframe after reaching a key zone (explained in the video). RSI is showing bullish signals on daily and H1 timeframes. Buy on the m30, after candlestick signals on Fib levels, and catch your profits! Goodluck, Joe.

joe-abdallah

GBPJPY made a higher high on H4. It might end the corrective wave on 61.8% Fibonacci retracement. It can also retrace until 80% zone before bouncing again. RSI is showing a bullish divergence signal. I am waiting for inflation rate YoY, BoJ interest rate decision and a bullish candlestick pattern on one of the important Fib levels to confirm my entry. Goodluck, Joe.

08:57

joe-abdallah

USDCAD has been trading in a zigzag structure (channel) with higher highs and higher lows on daily timeframe. It has reached a horizontal resistance zone. we can notice a WXYXZ Elliot structure, with ABC patterns in every impulse and X correction after it (11 waves in the channel). USDCAD is close to the end of the last extended wave C: we can notice in it 12345...

06:59

joe-abdallah

Under the US dollar pressure, EURUSD has been making lower lows and lower highs recently. However, RSI on the monthly chart is oversold for the 3rd time in this century. MACD is showing bullish divergence on multiple timeframes, and the EURUSD on H4 has just achieved a higher high this time with 5 impulse waves: the ABC correction is clear on the chart, wave C is...

08:59

joe-abdallah

Using the three drives pattern, we can consider that the leg C has been reached (0.618 fib ratio of the entire pattern). This means that buyers are exhausted, reaching a great resistance zone for confluence on the D1. Here we observe RSI bearish divergences on H4 and H1, with a double top pattern. Wait for a big candle close below the neckline for more...

06:58

joe-abdallah

Oil is trending down near 1.618 fib extension ending soon the down wave C, on H1. On M30, we can see a clear divergence on the RSI, with a trendline breakout, Oil can start becoming bullish. At the same time, CPI In Canada and UK are high on today's news, which is very good for Oil. Thank you, Joe.

joe-abdallah

Gold has been retracing recently from a short term perspective. I am still bullish on it, after the 40-year high of UK inflation today (what made GBP currencies fall few hours ago). I like the third wave in the correction to reach 80% fib level before catching the buy. Buy after confirmation patterns on that level, because Gold can keep trending down and expand...

joe-abdallah

In my last video, I talked about buying on weekly and daily timeframes: sellers started getting exhausted. Now, on H4, inverse head and shoulder pattern is recognized, with a big candle close above it. The trend retraced to the neckline finally and rejected up from the golden Fib buy zone. Before taking this trade, watch the previous analysis in the video. Joe.

19:57

joe-abdallah

GBPUSD is trending on a solid support, on the weekly chart, we will search for buy setups using Elliot Waves, Fib extensions (from many points of view) and Fib retracements. We will also discuss the emotions of traders, where the sellers could start getting exhausted, and taking their profits so we can see the market bouncing. Divergence comes at the end to...