Provided that the price remains above 69600, there is a good chance for an AB=CD pattern to form, targeting 91000
Brent Oil #OIL_BRENT - We expect the formation of a harmonic pattern with a minimum target at 68 and a maximum at 59. It is likely that the price will settle at the minimum target of 68.
The ETHUSDT pair is expected to rise to the level of 3240 in the medium term. This scenario will be invalidated if the price breaks the area marked by the rectangle, which is around 2050.
For IOTA/USDT, I expect this to be a rebound zone with a significant target reaching 6.300, provided that 3.529 is taken as a stop loss if a close occurs below this level.
The Bitcoin is expected to form a Harmonic Butterfly pattern at the price level of 62,000. In a more optimistic scenario, if the upper limit of the Butterfly pattern is exceeded, we could see a rally up to 67,330
Regarding the AVAX cryptocurrency, we expect to see a rebound up to a level close to 29 with the completion of the harmonic Cypher pattern, taking into consideration the point 20.48 as a stop-loss if the price closes below it.
For US30 , I expect the area between 42,236 and 42,330 to be a very strong resistance zone. If the price fails to break through it, we will likely see a correction down to the 39,989 level. This analysis will be invalidated if the price exceeds this zone and a daily candle closes above it.
For the TRX coin, we expect, with the completion of the BAT pattern on the hourly time frame, to see a rebound up to the 61% level, which is at the price of 0.1515
As long as gold remains above the support level, there is a good probability scenario for it to reach close to $3000
As for the FTM USDT pair, I expect the formation of a Shark pattern at the price of 0.5236
The ADAUSDT price has formed a Shark pattern, and a rebound to the level of 0.4175 is expected. The stop loss will be set at the recent low of 0.3041.
Regarding Caterpillar stock (CAT), we expect a support line at 334 with a possibility of a rebound from there. However, if it breaks and closes below this level, it officially signals the start of a correction with an initial target of 296, where a harmonic Gartley pattern will likely form. If the stock does not rebound and respond to this pattern, the decline may...
Regarding the Nasdaq, I expect the index is currently heading towards an excellent support level and may rebound from it at 18,689. However, if it breaks this level and closes below it, 18,689 will become inevitable.
For Nvidia stock (NVDA), it is expected that the price will reach 104.07, and if it closes below this level, there is a high likelihood of further decline to 88. If it does not rebound from there, the decline may continue to around 40, where a harmonic pattern of the Butterfly type will likely form.
For Microsoft stock (MSFT), I expect a continued decline to 385, and if it closes below that level, it may continue to drop to 343
The Saudi Stock Market Index (TASI): As long as it does not close below 11,970, the targets will be as follows: The first target is 12,530, and if it closes above this level, it may continue to the second target of 13,380
DJI We expect the price to rise to 41,942, and from there, a drop to 37,000 may begin. If it does not stabilize above this level, it means a continued decline to 33,250