Mlando17

Mlando17

Gold has formed a head and shoulders pattern on the 30 minutes chart indicating the end of the bullish trend. The NFP news release on Friday will give us a clearer picture on what gold is planning on doing next.

Mlando17

Will gold continue with its bearish channel or will gold breakout of the trading channel and create newer highs for the bulls ???

Mlando17

On the daily chart the market has laid out a bearish harmonic pattern, which is more than likely to push the market further down.

Mlando17

-NASDAQ is losing its bullish momentum -Multiple bearish patterns have been laid out by the market -And a possible double-top may form on the major resistance zone

Mlando17

- The Golden Market broke out of its bearish trend line. - Bullish harmonic pattern spotted on the support zone. - Waiting for a pullback towards the 1821.95 levels.

Mlando17

The market was trading in a falling wedge pattern and broke out of its trading zone for a bullish escape... The market is pulling back for a retest before continuing with its bullish journey... Nasdaq Traders are more than welcome to drop their thoughts and opinions...

Mlando17

Price was rejected twice on the major resistance exposing the weakness of the BULLS... A bearish harmonic pattern was spotted, and also The market has just recently broken out of the current SUPPORT LEVEL- creating A NEW MINOR RESISTANCE on this very same level, COULD THE MARKET BE PULLING AWAY DOWNWARDS???

Mlando17

This consolidating market has been making false breakouts yet failing to escape from its ranging zone... A break through the current support @0.91705 level will be the final confirmation to go short... Drop off your thoughts or ideas in the comment section below...

Mlando17

The US Dollar is currently weak, Euros Bulls will push the market higher... I have also spotted an inverse head & shoulders pattern which could boost the strength of Euro bulls...

Mlando17

1] Bearish harmonic pattern spotted on the daily time frame... 2] I Was expecting the price to push up to $2000 before declining...But the NFP event led gold to an earlier decline... 3] On the hourly time frame the market has broken a trendline it's been obeying since the 23rd of November... 4] A break through the new minor support will be my final confirmation...

Mlando17

The market has been trading below my trendline since the 27th of November 2021... And it has just recently broken out of the trendline which it has been obeying for a whole year... Creating a new minor resistance @12272.4 above my trendline, A breakthrough at this very same level will be a good confirmation of a bullish dominance...

Mlando17

Patiently waiting for the market to break my trend line... Since the 18th of January, the market has failed to break the resistance area @1.24512... A breakthrough in my trendline will be a good confirmation of bearish domination...

Mlando17

The formation of a bearish harmonic pattern will cause this pair to drop...

Mlando17

This pair has broken the up-trending structure, It has also created a head and shoulders (reversal pattern) on the new resistance zone, the market is currently consolidating, but at this point, it's looking very bearish. A breakthrough @137.194 will be my final confirmation for a bearish move...

Mlando17

A break through our resistance trendline-might lead to a bullish movement...Whilst a breakthrough our major support line-may lead to a bearish movement...!!!BEWARE OF FALSE BREAKOUTS!!!

Mlando17

The Head and Shoulders pattern, on this pair will be our confirmation to go SHORT... The market broke the neck of the head and shoulders pattern, and retraced back for a last kiss @139.471.. This pair has also been making lower highs... Our final confirmation will be a break through @135.582...

Mlando17

On the daily chart, this pair is currently consolidating between two zones. The pair failed multiple times to break out of it's ranging resistance. But my main focus will be on the 4HR time interval. If the market closes below my trendline again and breaks through the 0.85432 level, We should clearly expect a bearish move.

Mlando17 Updated 

I see this pair as a short term sell...Due to: 1]The Triple Top, Resistance Zone which the market has clearly failed to break through. 2]And the bearish harmonic butterfly, that formed right below the resistance zone.