MeruEU

MeruEU Updated 

hey guys, the yearly chart is bullish - main target was the recent ATH at 1.3T. Quarterly Chart: After the break of the 1.3T Line theres a close below it -> leaving a bit of doubt about imminent bullish progression or a potential double top forming here. The Inside bar is giving a warning of a possible reversal. Monthly Chart: Although the demand Line is...

MeruEU Updated 

Hey guys, Yearly closed bullish above 50% 3M = Inside Bar - lower volatility closes bearish but still above major support lines. -> Bullish? 1M: Inside Bar in a Triangular Formation - we are in a Neutral Market right now. -> looking to go long from the lower end and short from the upper end of the triangle. 3D: There seems to be a bullish Setup in place on...

MeruEU

12M: Bullish Engulfing → Grey zone 453 – 509 → 537, 553, 465 above , 390 below 3M: Could not break above high of prev. candle. But closes bullish → range of last quarter becomes important → grey area provides a possible reversal/ continuation zone. → Stochastic is turning down Monthly: closing in bearish territory → bullish → could not close above highs →...

MeruEU

Netflix 12M: → Bullish close but truely bullish above 701 → the grey zone being at → 633 – 585 (Fib ext.) → in case of a breakout 744 is target 3M: slightly less progress because of 701 Ath close by – traders will think about double top from here on → 701 showdown likely Monthly: Bullish close but yet a bit hesitation going on here. Probably some profit taking...

MeruEU

EURJPY 12M: bullish with targets at: 169 → yearly high 174-180 → grey Zone (38,61ext.) and 187 → yearly high → grey zone possible reversal Quarterly: Bullish Candle closing at the highs → close to grey zone, Stochastic at 97 → bit careful with bullish trades here since Bears might show at 174 Monthly: Pin Bar but poor results. Sentiment is turning from...

MeruEU

AudJpy 07/2024 Yearly: Stoch OB but very bullish close. → Resistances ahead: 103-106 (grey box) – 107 (Yearly High) → big wick area from 98-107 ---- Bearish Zone, once yearly closes above its converted. → 107 opens a chapter of Double Topping Quarterly: Bullish Breakout above Triangle. Retesting 107 → showdown area reached → Stochastic OB 96 = some kind of...

MeruEU

Hey guys 2023 printed a bullish setup - retest of old high. -> it also closed above the middle line of the bearish engulfing candle -> second bullish indicator. -> grey zone and old highs of 2.1T - 3T will be monitored. -> still somewhat bearish below 3.1 Quarterly: Neutral - Inside bar and retesting middle line of Q1 -> still in bullish territory because it...

MeruEU

hey guys, Yearly candle: inside bar - indication of possible upmove. -> targets : 84 and 117 (previous ATHs) -> levels are crucial for a resumed uptrend to be in place on the yearly chart. Quarterly: Shooting Star below "showdown zone" - fib extension box from the yearly inside bars range BUT above 85. = Indecision - Balanced market. -> Stochastic is bullish...

MeruEU

Hey guys, yearly chart: bullish setup with targets around 435 and 577. (recent ATHs on closing base and by wick ) Quarterly: After a strong Q1 gain we see a trading back below 435 printing an inside bar... : bearish setup at a strong resistance level. Range of this quarter will be monitored closely on the 3D chart. Monthly: 4 Months of weakness - with the last...

MeruEU

hey guys… Yearly: Bullish Engulfing -> 165 178 and 186 as well as 200 are important zones to watch. Quarterly: Very Bullish Candle -> Expecting a bit of Profit taking here to give a chance to reload. -> invalid above 186 -> Stochastic is OB Monthly: Only a little bit of bullish gains compared to previous candles. -> Stochastic is Overbought and showing...

MeruEU

hello guys, Yearly: Bullish Q: Bullish M: Slightly Bearish - Stochastic bearish divergence. close below middle line. 125 - 117 are the levels to watch. Up is 140 - 146, down 90 - 82 3D : Trend is clearly Up. Waiting for a retest of the grey zone on low volume and a reversal to the upside. Thanks for reading!

MeruEU

Hey guys, Yearly Chart: Bullish Engulfing -> Showdown Zone at 228-246 (138.2 &161.8 Fib ext.) 200 Being the First Resistance and 210 the second. Quarterly: Candle is bullish -> broke through the ascending triangular pattern and closed above bullishly -> moreover 210 has been broken and 220 has been tested. -> Some profit taking would be logical but is not...

MeruEU

Hey guys, Yearly chart: Bullish Eng. --> Strong Resistance at 449 and 522 --> This is the first point where some Profit taking could come. Quarterly: Bullish - although gains are weak compared to the months before. Monthly: Bullish Candle --> Stochastic bearish Divergence --> Bullish Trendline intact 3D: Ascending Triangle Formation --> break above would...

MeruEU

hey Guys, - Yearly Chart is bullish, Double Bottom and Engulfing Candle. ->Targets … 41 … 45 … 49. Quarterly: Bullish Candle breakout above the Highs of Q1. -> But it is retesting a major supply line and a yearly FIB. - creating a Grey Zone which divides the Stock into a bearish zone below and bullish zone above. Monthly: Bullish candle - Stochastic...

MeruEU

Hey Guys… Yearly Chart: Bullish Engulfing Pattern 2367 and 2283 are important Yearly FIB levels to watch Above we find 2485 and 2543 Below we find 2230 and 2150 Quarterly Chart: Bearish Star? -> Q3 will tell. -> Stochastics at level 90 monthly: a little weakness after the Rallye - 2 Stars and an Inside Bar - Stachastic is OB and turning. Will be happy to...

MeruEU

hey Guys, Yearly Chart: Corrective mode since 2011 (Bearish Pressure) 2023 ->inside Bar closed above middle line -> Bullish Conclusion = neutral - Happy to take both sides of the trade since we are seeing a balanced market since 2011. Most important lines for a Breakout: 32.3 For Bears: 28.3 Until a clear break of 32.3 (on a closing base) I am still neutral -...

MeruEU

hey guys, Yearly inside Bar - possible continuation of uptrend. 4.6400 is THE level to break on a Yearly close. Quarterly: Bearish Candles with a long wick. --> Setup is Bearish Monthly: A shooting star with a bearish Engulfing Candle. Stochastics Bearish -> at a yearly Key Level. This confirms the Quarterly Bearish Bias … Bearish Setup: Sell at a valid...

MeruEU

Hey Guys, Yearly= In a Correction since 2022. 2023 managed only to retest the 50% of the Bearish Candle which is not Bullish but indicated a drop. Yearly Zones of Interest: 208 & 154 Q2= Bullish Candle at an important Yearly FIB. BUT still in a declining channel. Stochastic is neutral- bullish. Q4 could provide some bullish setup (according to the stochastics)...