If price closes outside of this bearish channel, then we can expect price to rise to the 2000s.
Here we have a bearish head and shoulders formed at the top of our bearish channel. I would look for sell entry reasons along the neckline of the head and shoulders.
Price has broken a major uptrend line. This uptrend line started in on June 15th. Price is currently retesting the trend line for possible entry reasons. There is also a head shoulders formed or our day time frame. You can use the neckline (bottom yellow box) retest as sell entry opportunities .
Price has broken our 4hr downtrend line and is currently retesting the backside. This looks like good entry areas for long positions.
Wait for price to close bullish above resistance for long opportunities. If price breaks the uptrend line, the look for major short opportunities.
Looking for buys along the uptrend line or wait for price to close above 139.500s. If price breaks the uptrend line, id look for shorting opportunities.
US30 has created a higher high on the Daily time frame. From price action and historical data, we can see the next high around the red line.
GBPJPY has been ranging between these two zones of support and resistance. Breakout traders can wait for a break and retest of support or resistance for entry reasons. If price does not break support or resistance, than id look to buy at support and sell at resistance.
The neckline (resistance) of this bullish head and shoulders has just been broken. The next possible entry for a buy could be along the neckline or previous resistance.
Price has made a major reversal in our golden zone. On the 15m time frame, you can see higher highs and higher lows forming between the 50%-68% retrace area. Price has also broken our counter trend line, after retesting previous resistance. This could be the beginning of prices next impulse up.
We have our first contact with our golden zone. Now we want to see signs of reversal or bullish pressure.
Price is currently forming a double bottom at the 38%. This could complete move 2-3-4 on our bullish Elliot wave.
Since July 1st, US30 has been on a bullish uptrend. This bullish uptrend took place after a bearish trend line was broken on the 4hr time frame.The bearish trend line began on June 9th and ended with a bullish break and retest on July 2nd. Since the breakout, price has surpassed is three most previous highs. In the current screenshot, wave 0-1-2 has a 50% retrace....