TradingBrokersView

TradingBrokersView

Nasdaq is trading inside a Triangle pattern, which rejected the price on its top today. As long as it holds, it is more likely to see a decline towards the 0.786 like both prior bearish legs. A cross above the Triangle though, will be a bullish break out targeting the 2.0 Fibonacci extension. Trading Plan: 1. Sell on the current market price. 2. Buy if the price...

TradingBrokersView

Gold is trading inside a (30m) Channel Up. At the moment it has already topped and is on its bearish wave. The last one hit the 0.382 Fib and then rebounded. Trading Plan: 1. Buy on the 0.382 Fibonacci level and as long as the MA100 (30m) holds. Targets: 1. 2940 (-0.786 Fib like the last High). Tips: 1. The RSI (30m) will also give a buy signal at 40.00. You...

TradingBrokersView

GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom. A crossing over the MA200 (4h) confirms the bullish extension. The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top. Trading Plan: 1. Buy on the current market price. Targets: 1. 196.900 (0.786 Fib). Tips: 1. The RSI (4h) is on...

TradingBrokersView

GBPUSD is trading inside a Channel Down and the price is testing its top again for the 4th time in 1 week. This looks to us like December 17th, a rejection on the 0.5 Fib and MA200 (4h) that initiated a drop to the 1.5 Fib extension. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.2110 (the 1.5 Fibonacci extension). Tips: 1. The RSI (4h) of the...

TradingBrokersView

Gold is trading inside a Channel Up for the entire month of January. This pattern has so far given 4 corrections/bearish waves, all of which hit their 0.5 Fibonacci retracement level. Given that the price got rejected today at the top of the pattern, we anticipate that the new technical correction has started. Trading Plan: 1. Sell on the current market...

TradingBrokersView

The S&P500 index is trading inside a Channel Up on the (1h) time frame. A (1h) Golden Cross was just formed and the whole pattern draws comparisons with November's (2024) Channel Up. Both started with a +6% rise that pulled back to the 0.5 Fibonacci level, which in turn initiated the Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 6200...

TradingBrokersView

EURUSD is trading inside a Channel Down pattern and is about to form a Death Cross on the (1h) time frame. All recent Death Cross formations resulted in a Lower Low. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.03500 (bottom of Channel Down). Tips: 1. The RSI (1h) has formed the very same Lower Lows pattern as during all those previous Death...

TradingBrokersView

Bitcoin is trading inside a Channel Down pattern which has just formed a Lower High on the MA50 (4h). This is a technical rejection, which after holding the MA200 (4h) previously, now should aim for a final Lower Low on the next support level, the MA100 (1d). Trading Plan: 1. Sell on the current market price. Targets: 1. 95000 (-10.70% decline as the previous...

TradingBrokersView

Dow Jones is trading inside a Channel Up which hit today its MA50 (4h). That was right at the bottom of the Channel Up, which is a strong buy signal. Trading Plan: 1. Buy on the current market price. Targets: 1. 45400 (+3.86% rise like the previous Leg). Tips: 1. The RSI (4h) is also rebounding in a similar manner as the January 13th low. Please like, follow...

TradingBrokersView

NVIDIA is trading inside a Channel Up with the MA50 (1h) in firm support. The price is approaching that level and of course the bottom of the Channel Up, which is a technical buy entry. Trading Plan: 1. Buy on the current market price. Targets: 1. 153.15 (Resistance 1). Tips: 1. The RSI (1h) is testing Support (1) formed on the January 16th Low, which was a...

TradingBrokersView

USDJPY is trading inside a Channel Up since September. The price has tested, held and consolidated on the MA50 (1d) for the last 4 days (including today). This is a bullish signal, considering also that this is taking place near the bottom of the Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 164.350 (+6.20% rise). Tips: 1. The RSI...

TradingBrokersView

WTI Crude Oil is on the pull back after a Resistance Zone (1) rejection. The Rising Support trend line is parallel to the MA50 (1d) and a 0.5 Fibonacci test would be the most effective buy entry. So far this resembles the January 29th 2024 rejection. Trading Plan: 1. Buy on the 0.5 Fib. Targets: 1. 86.50 (Resistance Zone 2). Tips: 1. The RSI (1d) also shows...

TradingBrokersView

S&P500 is trading on a Channel Up and today crossed over the MA50 (1d) again. In order to confirm any bullish sentiment, it has to cross above the Falling Resistance coming from the previous high. If it does, it can technically follow the growth % of the previous bullish waves that was +7.15%. Trading Plan: 1. Buy if the price crosses above the Falling...

TradingBrokersView

Nasdaq is trading inside a Falling Wedge for exactly 1 month, since the December 16th 2024 High. The current bullish wave has been rejected on its top but today is holding the MA50 (4h) so far. The previous bearish waves that got rejected on the Wedge's top, gave a confirmed sell signal after the MA50 (4h) was crossed. Trading Plan: 1. Sell below the MA50 (4h)...

TradingBrokersView

Gold is trading inside a Channel Up and is currently on the new bullish wave. Today it held the MA50 (1h), which is a strong bullish sign that the wave will continue to a new higher high. Trading Plan: 1. Buy on the current market price. Targets: 1. 2720 (the 1.618 Fibonacci extension). Tips: 1. The RSI (1h) is forming the exact same pattern as the previous...

TradingBrokersView

Dow Jones is trading inside a Falling Wedge. Right now it is on the MA50 (4h) after rising on a bullish wave to the pattern's top. The pattern is very close to be completed and Falling Wedges tend to break to the upside once completed. Trading Plan: 1. Buy on the next pull back. Targets: 1. 43500 (under the 2.0 Fibonacci extension). Tips: 1. The RSI (1d) is on...

TradingBrokersView

WTI Crude Oil entered today the 6 month Resistance Zone of July 2024. Even though the long term trend seems to have turned bullish by breaking critical levels, a short term pull back is possible on this Resistance. Trading Plan: 1. Sell on the current market price. Targets: 1. 74.50 (the 0.382 Fibonacci level). Tips: 1. The RSI (4h) is overbought, justifying a...

TradingBrokersView

Bitcoin is trading inside a Channel Up since the top of the 2017 Cycle. It was supported by the 1W MA50 in August and that kept alive this Bull Cycle's Channel Up. The last year of the previous Cycle was 2021 and throught its course, the 1W MA50 was in support. Even if the 2025 Phase fails to peak at the top of the 8 year Channel Up, it can still complete the...