#GBPUSD has formed a Deep Crab harmonic pattern in the 4-hour time frame with a good positive regular divergence at the bottom, probability of an increase is high on the condition of breakout the pivot point standard line and the mentioned dynamic trigger. The rate can In an upward rally could complete a shark harmonic pattern in order to answer to the Deep Crab!
A falling wedge is broken! More Bearish move is expected. Quarterly Resistance was worked well so those who want to take less risk as a result win less reward, could wait for a broken horizontal level of 0.8667
• TSLA stock continues its rally, heading to the next resistance level, at $177 (purple line); • So far, there’s no technical top signal, nor bearish reversal structure indicating that TSLA could correct from here; • On the daily chart, we see that TSLA is doing higher highs/lows, and if it breaks the $177 resistance, it’ll trigger another pivot point, and in this...
My main view on S&P500 is that we're in a main bearish trend, that has been fought by the bulls since October, 2022, when prices started going up. However, this insurgency has faced a good deal of resistance, resulting in unstable volume, and back and forth moves. Despite all of that, the secondary trend kept heading north. It can be summarized using technical...
• TSLA stock is trying to do a bullish reaction, after yesterday’s crash, but it is still under important resistance levels; • As long as TSLA remains under the 21 ema + 186 (red line), no bullish scenario will materialize; • Only if TSLA breaks these resistance levels we might see something new, otherwise, the bearish sentiment will persist and in this scenario,...
• The SPX is crashing again, after it bounced yesterday. In fact, yesterday’s bounce seems to be a false breakout from our dual-resistance area made by the lower purple trend line and the 3,885 red line; • This is a sign of weakness, and since it can’t get above the 3,885 key point, in theory, the index is going to seek its next support level at 3,773; • In order...
• SPX is in a bearish trend as it has triggered a bearish pivot point at 4,060, making a lower high/low, and is below the 21 ema; • Now, the 21 ema and 4,060 are resistance levels. However, talking short term, the 4,015 (red line) is doing a competent job holding the price; • Therefore, there are many resistance levels on the SPX, and it will not be easy for it to...
• TSLA is trying to retest the previous resistance level at $214, but it seems to be losing steam this morning; • The problem is that TSLA is inside a congestion, and any bearish signal around $214 may indicate that it will correct back to its support level - probably the 21 ema; • In order to regain bullish sentiment, TSLA must do a clear breakout of the $214...
• The bear market persists on the SPX, as it lost our support at 4,015 and there’s no bottom sign on it yet; • Now the 4,015 is a resistance area for any bullish reaction. In addition to his resistance, there is the 21 ema and the 4,060 (our previous support). These key points reinforce the mid-term bearish thesis; • In the lack of bullish reaction, the index is...
• The SPX is doing a bearish reversal structure, as it lost our two main support levels: The 21 ema and the 4,060; • Last Friday it tried to react, as it did a Dragonfly Doji, just above the 21 ema – However, today’s reaction rejects this bullish attempt completely; • Now it seems the SPX is seeking the next support, at 4,015; • Since the index lost the 21 ema,...
This is a personalized analysis based on trends, strength of drives and potential moves.
• The SPX broke the key resistance we mentioned yesterday, the 4,100, indicating a continuation of the bull trend (the link to my previous analysis is below this post, as usual); • What’s more, if the index remains above the 4,100 in the weekly chart, it would trigger the first bullish pivot point since the beginning of the bear market; • Since the index broke a...
• The SPX successfully rejected the Below the Stomach candlestick pattern from yesterday, and it failed in breaking the support at 4,015; • This is a sign of strength, and makes a correction to the 21 ema less likely; • The trend is still bullish, as it is still doing higher highs/lows, above the 21 ema (D), and there’s no clear reversal sign on it yet; • Although...
• The SPX hit our target, at the 21 ema in the daily chart, and now it seems it is recovering (the link to my previous analysis is below this post, as usual); • In this scenario, the next resistance becomes the next target, which is the 4,015 (red line); • If SPX breaks this resistance, it’ll trigger a bullish pivot point, a powerful bullish reversal sign; • The...
USDCAD is bullish. Series of higher lows are present on the Weekly Chart and Daily Chart. Watch for an entry at 1.31750.