Andre_Cardoso

Andre_Cardoso

FX:GER30 Current Market Overview Explore the latest insights into the German DAX index with a focus on pivotal support, resistance levels, and potential trading patterns. Support and Resistance Levels Support at €21,105: This level acts as a critical neckline for a potential Head and Shoulders pattern formation. We should watch closely for any...

Andre_Cardoso

OANDA:SPX500USD The SPX500 is currently displaying notable divergence on the daily timeframe chart, highlighting resistance near $6121 while the critical daily fractal support teeters at $5920. Key Levels to Watch: Support and Resistance Dynamics: The index faces significant resistance at $6121. Meanwhile, maintaining support above $5920 is crucial to...

Andre_Cardoso

NASDAQ:GOOGL The stock has been in a consolidation phase since reaching its peak on December 17, signaling a period of indecision in the market. This range-bound movement offers traders a critical opportunity to monitor key levels, as these could indicate the next significant price move. Let’s break down the critical technical aspects: Support and...

Andre_Cardoso

NYSE:BBU The stock is currently trading at $21.55, just above a key support level formed by the lower boundary of an ascending parallel channel. This channel has been intact since the lows of October 2023, and the current price is testing this critical level. Head and Shoulders Pattern Formation A head and shoulders pattern is developing, suggesting a...

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FX:NGAS In this Idea, we'll take a closer look at the key insights for NGAS, with a focus on the long-term bullish outlook towards the $4.70 target, which has been in focus since January 2023. Focus on the $4.70 Target: Why It Matters While it’s important to track short-term market movements, we should not lose sight of the overarching bullish trend that has...

Andre_Cardoso

AMEX:UUUU After reaching a low of $0.78 in March 2020, AMEX:UUUU has been on a recovery path. Currently, it's forming an inverted head and shoulders pattern, with the key neckline at $7.47. A breakout above this level could signal a move towards $9.73. However, watch out for the bearish alt-bat pattern near $9.73, which could lead to a pullback. Stay alert...

Andre_Cardoso

CME:GF1! The recent breakout of cattle futures contracts above the $245 resistance, which had held since October 2014, has sparked significant interest. However, before this upward trend can continue, there are signs that a pullback might occur. With intriguing technical patterns unfolding, the question remains: Will the rally hold, or could the market face a...

Andre_Cardoso

TVC:DXY DXY Tests Fractal Resistance at $109.53 Signs of Downward Pressure and Potential Pullback The DXY has recently tested a crucial resistance at $109.53 but is now showing signs of downward pressure. In this post, we’ll break down the key technical factors indicating the possibility of a corrective move and what traders should watch for in the coming...

Andre_Cardoso

CBOT:ZS1! Soybeans: A Bullish Butterfly Pattern Soybeans have recently completed a bullish butterfly pattern at $1018. This pattern suggests an expected price target of $1268, supported by strong bullish divergence signals. Monitoring the Support Levels We should closely monitor the support structure around $947. If this level holds, the bullish pattern...

Andre_Cardoso

ICEUS:KC1! The coffee futures market has recently attracted attention from traders and investors due to significant price movements. On December 10th, the commodity reached new historical highs, surpassing a record set in 1977. This post will analyze the current trends in coffee futures, key technical patterns, and provide insights into what may happen next for...

Andre_Cardoso

PEPPERSTONE:USDNOK Key Technical Levels for USDNOK Weekly Fractal Resistance: 11.47 Daily Fractal Support: 11.21 Monthly Fractal Support: 10.38 (formed in late September) Breakout Resistance (December 2024): 11.13 These levels have been pivotal in guiding the pair’s movements, and it’s essential to keep an eye on them for future developments. ...

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🚀 EURUSD Analysis (60-Minute Timeframe): 🔹 After the formation of a technical double bottom , confirmed by the breakout above the neckline at 1.0422, the pair is likely to move towards the 200% Fibonacci extension at 1.0476. 🔹 New resistance formed at 1.0447, still below the previous fractal support at 1.0453. 🔹 A bullish 2618 pattern is unfolding, with...

Andre_Cardoso

PEPPERSTONE:GBPAUD The pair is currently forming a bearish butterfly pattern at the 2.0287 level, aligning with the 127% Fibonacci extension. This setup indicates a potential pullback toward the Fibonacci retracement levels, projected below 1.9850. This scenario implies a retest of the weekly fractal resistance, broken at 1.9884. Bearish butterfly pattern...

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PEPPERSTONE:XAGUSD Silver has formed the bullish shark pattern previously anticipated at $30.41. The pattern is now complete, and we saw a pullback below this level to $30.13, establishing a new support. The bullish shark pattern formed at $30.40 has a default target at the 50% Fibonacci retracement level, which is projected at $31.22. Bullish shark pattern...

Andre_Cardoso

NASDAQ:NVDA NVDA just broke the $131.80 support zone, acting as the neckline for a head and shoulders pattern . Default targets for this pattern are now projected at $116.10, aligning with the 200% Fibonacci extension level and a convergence cluster of Fibonacci levels. With the bearish butterfly pattern failing by just a few points, a further correction...

Andre_Cardoso

OANDA:WTICOUSD On the 120-minute timeframe, WTI Crude Oil has shown a notable bearish setup. After the formation of the bearish alt-Bat pattern at $71.14, the price dropped to $69.22, where a new fractal support was established. This level reinforces a previously used support zone, which is crucial for the next possible price pattern. With this support...

Andre_Cardoso

The German FX:GER30 The German Dax has formed a bearish crab pattern at €20,442, at the 224% Fibonacci extension. This pattern could potentially bring the index back to €19,874, representing a 38.2% retracement from the recent rally between the weekly fractal support at €18,814 and the latest resistance at €20,529 (the historical highs above the daily fractal...

Andre_Cardoso

PEPPERSTONE:EURNZD Technical Analysis: The EURNZD pair is currently under pressure, with the daily resistance at 1.8237 being tested. The weekly fractal resistance remains just above at 1.8274. We also have a bearish Gartley pattern projected at 1.8488, at the 127% Fibonacci extension, just above the resistance zone. If the price reaches this level, the...