Get started

Bearishtrendpattern

EURJPY Short Term ForecastH4 - Bullish trend pattern. Expecting the correction to continue lower further. Price still has room lower towards the two key support zones. The first support zone is formed by the 61.8% (119.581) fibonacci expansion level of the first wave and the 50% (119.370) fibonacci retracement level of the bullish trend pattern. The second support zone is formed by the 100% (117.993) fibonacci expansion level of the first wave and the 61.8% (118.172) fibonacci retracement level of the bullish trend pattern. H1 - Bearish trend pattern followed by double wave correction. Expecting further continuation lower towards the key support zones.
Short
by VladimirRibakov
Oil ForecastD1 - No bullish divergence that hints that the bearish trend is over. We may expect one more push lower until a bullish divergence is created. H4 - Bearish trend pattern, currently it looks like a correction is happening in the form of some sort of a range. H1 - If the price moves lower, breaks and holds below the uptrend line we may then expect further continuation lower. Note: Due to the Corona virus impact there is less transportation around the world so I expect the Oil prices to drop lower further.
TVC:USOILShort
by VladimirRibakov
2
NZDCHF ForecastW1 - Price still has room lower towards the bottom of the bearish channel. D1 - Potential bearish hidden divergence. H4 - Bearish trend pattern, currently it looks like a correction is happening. We have two important resistance zones that has formed based on the fibonacci retracement levels of the bearish trend pattern and the fibonacci expansion levels of the first wave we have. Until these two resistance zones hold my view remains bearish here.
Short
by VladimirRibakov
2
Dax ForecastD1 - Bullish trend pattern, bearish convergence, currently it looks like a correction is happening, price still has room lower towards 38.2% - 50% fibonacci retracement zone. H4 - Bearish trend pattern, currently it looks like a pullback is happening, until the 61.8% fibonacci retracement level holds my view remains bearish here. Invalidation - If the price breaks and holds above the 61.8% fibonacci retracement level in one straight leg then this bearish view will be invalidated.
DShort
by VladimirRibakov