Oil Price still in bullish trend even after retracing from HH2 price of Top of approximately 130 to current 90. Sign of bullish trend -Line C having stronger uptrend momentum/strength than line B -Line C surpass above Fib Extension of 1.272 Line B -Candlestick above MA200 -Staying above MA(Price approx 63) will still can consider as bullish trend Some sign...
The Last time BABA touch MA200 was in 22 Feb 2021. Since then, BABA has been trending downwards below MA200 line, struggling to even surpass the ichimoku cloud and the downwards channel Some Positive Signs of Reversal -break above parallel channel -Candlestick interact with MA 200 -Candlestick went above ichimoku cloud during june-july 2022 -Higher high(HH)...
Strong Downtrend (Line B) Confirmation: fib extention of 1.414 line A Expected Lower Higher (LH2) formation : fib extention of 1.414 line Z at 4320 : fib retracement of line b 0.618 at 4235 0.750 at 4367 0.786 at 4403 :Challenge MA 200 at 4310 Break LH1 of 4611 to continue bull trend
Gold price chart #XAUUSD 1.Stronger rebound although lower low(LL) 2.Challenging Ichimoku cloud 3.Lagging span above candles