Price action is showing some sign and the support level is holding strong. Expected to go long and anticipating the US debt going default
Trendline intact Channel breakout retest intact FIbo 38.2% intact EMA 50 intact Here we go gold~~
Price still below MA 20 and MA 50. MACD crossing. Double top pattern. Huge selling volume
Will oil price fall below $40 in the near future?
We can see that after the corrective wave of ABCDE, a impulse move of 1234 has formed in 2019. I'm expecting a bullish 5th wave to hit on 2020
Waiting for a rejection candle on the resistance area and we are all set to go bear. MACD and Stoc RSI is on top and soon to crossover.
Weekly chart overall is bearish. Looking for a short in lower time frame
Double top formation complete. Will look into lower time frame to enter short
A correction will have to be done after a massive drop. Stay tune
Support is around 1.1000 and RSI indicate oversold. Waiting confirmation of MACD to cross the line and price rejection on the support. We can expect price to rise to 1.1065.
Price rejected several times forming long wick at support area. High possibility going bullish
Weekly candle has broken the triangle and is forming Elliot's 5th wave. 1700 possible??
Seems like a triple top formation. What goes up must come down
Elliot wave theory and approaching support line. Potentially going long
Candle broke out of descending channel and shoot high towards 1517. Retracement is forming and below is a rough setup Entry: 1502-1503 TP: 1517
Probably a fake breakout from the H4 ascending support as no downward wick is formed and supported by strong resistance yellow region.