BTC seems to be forming a penant and has broken downwards. get ready for taking shorts
Harmonic patterns shows reversal of uptrend just below 1.2 for GBP against USD after it broke the recent down trend. take long positions with an expected uptrend in the week ahead
UK100 on hourly chart shows strong bullish signs. Trendline broken upwords along with support by 50EMA which is going to be crossed over by 20EMA. Also a strong bullish divergence. Take long on pull back 6900-6905 TP1 6950 TP2 6990
Hourly chart shows reverse cup and handle along with bearish divergence on Gold. we can take long short position.
15 chart shows bearish divergence take short from here TP@1.080927 SL@1.10050
On the daily chart we see an inverse cup and handle being shown. short from 1675-1680 TP at 1645
sNp500 is currently showing a cup and handle formation, which indicates an uptrend in price movement once it has rebound from the neckline. Once it has rebound wait for candle confirmation and long from the buying zone shown with SL right under the neckline.
On daily time frame BTC is forming a rising wedge . We will wait until the support line is broken then take short position. TP at support level 17500
In continuation to previous cup and handle post ETH is currently falling expected to rebound from upcoming support around 1750 heading towards 2200 where we meet huge monthly resistance. Also confirmed by Harmonic bearish pattern where AB=CD. AS we can see that ETH is currently in uptrend and is making good HH and HLs we will take long position near the next HL...
Ftse100 appears to be forming a bearish divergence and a bearish bat pattern and is entering resistance zone. Looking at historical data it formed similar divergence in 2021 August and pulled back by 260 points (approx.). On Monday and Tuesday we need to confirm bearish candles being formed before we short looking at profit target 7300.
SnP500 is showing a bearish divergence on hourly chart. We can see the Volume being sharply reduced while chaikin oscilator also shows bearish move. We need to wait for at least two bearish candles atleast on monday to be sure that a pullback is coming and we can short and take profit near 4200.
We can see a cup and handle being formed here and ETH facing resistance at current price. we should take half profits whoever is in good profits and re-enter in the range of 1750 and 1800 from where ETH may rebound heading towards 2500 where all profit should be booked as this could be the time when August ends and a bearish September will follow. Previous...
BTC is currently on great support as 20EMA is crossing over 50EMA on a daily chart indicating a bullish Ausgust. This monthly BTC chart shows that in the last 7 years, Septembers have been bearish in at least 5 years often followed by either bullish August candle or higher than september if red. We expect August to be Bullish rising upto the range of 28500-29000...
This monthly chart of ETH shows that 4 out of past 6 years September have been bearish followed by a bullish August. Currently the price is on 50EMA support monthly and 20EMA is crossing over 50EMA on daily chart indicating August is very likely to close as green this year too and we will expect another bearish September. Reversal price arounf 2200.
GBP/USD Daily chart shows a downward trend with Lower lows LL and Lower Highs LH being formed. It seems like we are at a reversal point at 1.21705 as we can see the downward trend resistance is being respected and we have a hammer being formed that could turn into evening star if Monday closes red too That would be a good indication for us to short from 1.21 with...
This Dow jones Daily chart shows a bearish bat pattern. According to this pattern DJ30 seems to be near its reversal point we need to look for a reversal candle i.e a hanging man or shooting star etc forming and then take short position with TP at 31000.