Ropa Brent w PLN wróciła wczoraj do ceny przedwojennej.
Gold has reached the 1170-1160 zone which is the potential reversal area after abc correction move. We have structural as well as the fib very important levels there so looking forward for upward breakout or bullish structure to confirm.
It may be a good long trade opportunity as AUDUSD reached 0.618 retracement after breakout from double bottom.
Bullish bat pattern is about to complete and offers nice risk reward profile. 200 EMA also coud work as support.
SPX enters the key area for its nearest future as the price came up to 0.764 fib ret of the last downward move and the 1.618 extension of the AB leg in the potential structure pattern. Look for the signs of weakness on 1H chart (divergence on RSI or price channel breakout) it may be goog risk reward short trade with stops above 2120 and potential targets...
Gold is approaching the potential kill zone for the current rally at 0.618 retracement of the previous drop and 1.27 and 1.618 extensions of the previous waves.
S&500 is approaching the potential kill-zone at 2040 where we should see the strong resistance (earlier support) and the price will make a harmonic pattern completion as you can see above. Could be interesting...
After double topped, the kiwi made a strong break down and now it retraces to 618 area, which could be a nice selling oppurtunity with two potential targets and stops above the double top - as it is written above.
If you are seeking the answer why has the SPX500 stopped at this strange area and stucked, I got the answer :) The golden number is a key this time as almost always in technical analysis. This two lines corresponds with 1.618 of two different market moves: 2120 is the level of 1.618 extension of the previous bull run ended in late 2007 2072 is the level of 1.618...
This is a good opportunity to take a short on EURUSD as the bat pattern is being completed. Stops above 1.1050.
Almost perfect bearish Gartley is ready to complete. Just wait to sign of weakness (double top/rsi divergence) or sell right now if like play agressive. Stop above 1.0530. Targets 1.0280 and 1.0055
2100 could be a good place to sell SPX500 as the bat pattern completion.
Bullish bat pattern appears on 4h chart it may be good long trade opp.
Next point to look being short on S&P 500 after break out (failed double top) is near the 1923 with tight stops above the price struture at 1931 gives the good RR ratio.