Weekly chart may suggest a wave count as show. We may see more down side to as low vas $150 area. Below and sustain trading $140 negate the suggested count.
This weekly chart trend channel and wave count may suggest the forthcoming trend of the Natural Gas price. The last low at $5.4/MMBtu may suggest a bottom which allows the price to trend higher in coming weeks. However, we may see drop from current level of $7.03 to as low as $6 area before the uptrend may resume.
The chart may suggest a next move for US WTI Crude Oil Price. When the ongoing price correction which may lead to $80/bbl area satisfied market sentiment, price may start to enter a bull demand for crude oil. The eventual short to medium term target may be to as high as $150/bbl, meanwhile sustain trading below $75/bbl destroy this scenario which may take crude...
USD/TRY may end the uptrend for a period of time in a bear market correction. Either the bear market is in the going or the uptrend may still needs to make more uptick before the bear market resume. The wave count and chart pattern may give us a clue for the direction of the trend. Only sustain trading above 18 Lira to one US Dollar may destroy the bear market...
For any bull market to kick up, Bitcoin should break and sustain trading above $30,000.
WTI crude uptrend may continue to test the previous all time high at @149 area. The wave count may be reasonable to point higher together with trend line as show,
EUR/USD may test 1.07 before reaction to 1.11 area then the downtrend may resume to test strong support at 1.045. The strong support S2 if broken and the trend continue lower in a sustain trading then it is possible to see parity or even lower. Any trend reversal up it needs a break and sustain trading above R1 resistance line then R2. very near term the US...
Technically speaking WTI Crude oil price may be building a top for major correction for months to come. In case of Ukraine War flared it may be obvious for crude oil to sky rocketed.
U.S. Dollar / Turkish Lira 30M 16th December, 2021 The 30 Minutes Chart with rising channel, we wait and see if the pair manage to break the upper trend line. Rejection and sustain trading below the line may see a correction first down to 14.3 area.
A Possible wave count on $/TL 2H chart. The trend as shown may target 16.
The chart pattern may give a clue for which way the Medium Trend may go?
A long Term uptrend daily channel may control the trend.
This is for entertainment purpose only. If we consider Elliott Waves count on a Point and Figure Chart, one may see a possible wave count. The count is imaginary which may reflect the current and future sentiment on the Turkish Lira Trend.
Could this uptrend channel control the trend? What happened if the pair breaks the upper trend line?
Chart shows Elliott Waves count, only sustain trading above $1.25 negates this view.
A possible Trend road map.
The Short to M/T"s crucial level is 8.5, sustain trading above this level we may see 9 or higher. Failure to comfortably penetrate up and sustain trading above 8.5 leads to 6.5 area during the coming months.
Tadawul All Share Weekly Index - SAUDI ARABIA 11th April, 2021 As shown the Index is in multi year correction from historical all time high around 20000 mark. Possible wave count suggests one more leg down to as low as 6000 area may seen. The forthcoming down move may coincide with lower oil price and lower US, Europe and other world...