mohemati

mohemati

As you can see in the chart, we might be observing a potential Head and Shoulders pattern forming on the 1H timeframe in GBPCAD. Given the bearish market structure on the 4H timeframe, this 1H bullish move could be viewed as a corrective rally within the larger downtrend. Additionally, there is a bearish divergence between the left shoulder and the head, further...

mohemati

we are clearly seeing a bearish move in 1H timeframe market structure and therefore I am only interested to sell this pair for the moment. Price is below 1H timeframe EMA, and also printing consecutive lower lows and lower highs. Price target could be around bearish channel lower line.

mohemati

We can clearly see a higher timeframe bearish move and lower timeframe corrective bullish move in this pair. Therefore, I am only interested in selling unless price manage to break structure to the upside by closing above 1H timeframe lower high. Other bearish confluences that we have is a bearish divergence in 1H timeframe and also hidden bearish divergence in...

mohemati

We are in overall in EURAUD in a bearish move so we could plan to go short at the end of a bullish corrective move. Here I believe that in this pair we are at the end of bullish corrective move and if price could close below the arrow then we can go short.

mohemati

The price of copper has reached the upper boundary of a long-term bearish channel, which is currently acting as resistance. Additionally, the recent bullish move failed to break above the previous high, indicating that the bulls may be losing strength. I'm looking for a minor bullish corrective move in this asset to potentially short it at a more favorable price level.

mohemati

It seems that the price has reached its peak, completing a 5-wave bullish impulsive wave in a higher degree. As a result, we could anticipate at least an ABC bearish corrective move to the downside. A signal to take a sell position or close previous long positions could be when the price breaks below a lower timeframe low, indicating a shift in market structure...

mohemati

As observed, the SPX and Copper have shown a strong positive correlation over the past few weeks, often forming tops and bottoms simultaneously. Given that Copper recently failed to break above a long-term bearish channel upper line and has broken its structure to the downside, we might expect a similar move in the SPX. However, when trading SPX based on this...

mohemati

After an impulsive bearish move in the GER30 last week, the price is now forming a bullish corrective move and a rising wedge pattern, which typically has a bearish bias. Additionally, the price has reached the 1-hour 200 EMA, which could act as dynamic resistance. There's also a bearish divergence between the price and the momentum oscillator on this...

mohemati

After a bearish impulsive move, the price appears to be completing a bullish corrective ABC pattern. So far, it has completed waves A and B and is currently in the midst of the bullish wave C. This bullish move could take the price back to the previous lower high, as highlighted in the chart. From there, we could anticipate the start of another bearish move.

mohemati

As can be seen in the chart, the price appears to have completed a bearish corrective move, signaled by a change in market structure to the upside and the formation of a bullish divergence. Now, we could look for buying opportunities during minor bearish corrections.

mohemati

After the bearish move that oil prices experienced until the fifth of August, it seems like the price has initiated another bullish move, which currently appears to be an impulsive wave. However, it should be noted that even if this bullish move is an ABC corrective wave, it makes no difference since the price could still go higher to complete wave C. Therefore,...

mohemati

Price recently managed to break above the bearish trendline that previously kept it lower during the recent bearish corrective move. Now that the price has broken above this counter-trend trendline and formed a bullish impulsive move, we can wait for wave 4 to complete and try to benefit from the fifth wave. Let me know if you would like me to publish an...

mohemati

As can be seen, price managed to break above an ending diagonal and established a bullish structure in 1H and 4H timeframe. Therefor, I would be looking to buy a bearish corrections unless the way of evidence show or prove to me otherwise. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.

mohemati Updated 

This is my prediction for GBPNZD for the next couple of days. As you can see in the chart, the price seems to be completing a 5-wave bearish impulsive move, which could end by tomorrow. Following this bearish move, we could assume a bullish corrective ABC formation, which could take us all the way back to the level indicated by the arrow. From there, we could...

mohemati

There is a high possibility that we are approaching the end of wave 3 of a 5-wave bearish impulsive move. At the end of this current minor bearish move, we could expect a bullish 3-wave corrective move, which could complete wave 4. After this correction, we should anticipate another drop to complete wave 5. Let me know if you would like me to publish an...

mohemati Updated 

Bearish divergence in the 4H timeframe, as well as price failing to create a new high, shows potential weakness in the uptrend. Furthermore, from an Elliott wave perspective, it seems like we are at wave 5 of 5, with a high potential for a bearish move from here. In the 1H timeframe, we can see that the price managed to break below the previous higher low,...

mohemati

Price on the daily timeframe has completed or is very close to finishing a topping formation in USDCAD. As can be seen in the chart, the market structure has already shifted to the downside in both the 1H and 4H timeframes. Therefore, we could look for possible selling scenarios in any bullish corrective move. Let me know if you would like me to publish an...

mohemati Updated 

As can be seen in the chart, we have bearish divergence in the 4H and daily timeframes, suggesting that the price might have reached the end of its bullish move. Furthermore, in the 1H timeframe, the price has managed to shift market structure towards bearish by breaking below the previous higher low. Now, the price seems to be completing a pullback to the broken...