Follow the price action in the French index, still could see new lows.
After the ECB decision, DAX broke up the consolidation structure.
AUDCHF is building a potential diamond pattern.
On the daily chart, the pair had broken the ascending channel followed by bouncing from the descending trend from the high of 2017 and the key resistance of 111.1. The price also broke the support 110.05 to reach the next support 108.15 to get back up again from this level to retest the level at 110.05. As you can see on the chart, the price is moving according to...
After a surge in price, Zilliqa has been correcting in a falling wedge. Some upside is expected as the price now hit the wedge support. Are we going to see either a breakout from the wedge if this is a WXY correction or two more waves inside the wedge before the breakout which I think is more likely.
As the downward impulse wave is completed we are in for a bit of the upside. This 12345 impulse may be an A wave from an ABC or another corrective wave, but in either way, some short-term upside is expected. I am expecting the price to go back and retest the prior range support, which would be around 0.5 Fibonacci retracement level.
If you look at the prior fractal you can see that after the falling wedge there were two similar formations after which the price went further down. If we project the future price pathway in the same manner, we end up with the target of 0,254$.
After the FED rate decision, we can enjoy the trade without risk. Original idea:
Goldman Sachs increases its Netflix price target from $ 390 to $490.
on daily chart, the pair had formed a wedge which had been broken to reach the support zone 81.2-80.5, to make the price ranges in sideways between 80.5 & 84.4 the price is about to have a bearish bias according to: reaching the resistance zone 84.4-93.9, forming continuous pattern "flag", near the moving average 200, and ABC elliot waves so, watch for any price...
the pair is about to take a bearish rally to the level 1.274 according to many reasons: locating in the resistance zone 1.3-1.38, near the descending trend line from the high of 2016, shaping the reversal pattern "wedge", and finally the harmonic pattern "Gartley" so watch for any price action in these levels
on daily chart, a reversal pattern wedge has been broken to reach 0.747 to form a flag pattern the price is expected to go up to the resistance zone, then will have a strong bearish rally to the support 0.7155. according to five causes the descending trend line from the high of february, the upper edge of the flag, the retest of the broken wedge, the resistance...
Watch the price action in the Potential Reversal Zone.
The DAX 2-hour chart is corresponding to the Daily Update for June 12nd, 2018.
The FTSE 2-hour chart is corresponding to the Daily Update for June 12nd, 2018.
Ford Explorer model doesn't pass the crash test.
The EURAUD 2-hour chart is corresponding to the Daily Update for June 12nd, 2018.