Goldman ist about to bounce from its trend line and aim for the 400 Area. After having seen the quarter results from the largest banks in the United States, Goldman Sachs is dong exceptionally well compared to its peer industry. Expectations were beaten and that is reflected on the smooth movement of its price during the latest bear market. Longterm the target of...
After completing a 1-5 and a corrective a-c formation, the Dax is about to short the next few months. I expect that support level of roughly 11.700 will hold and given the current circumstances, a further push downward at the end of the year is likely. After that, technically, the Dax should aim for past better times - all under the presumption that the war in the...
I expect Tesla, although overvalued for a very long time, to hold its ground against main competitors. I can see the closure of the 5count of EW, expect it to touch the support level of 185 EUR area before going to 310 EUR resistance level.
The Elliott-Wave patter appears to be drawn on current Bayer 1h chart. Longterm, after reaching EUR 60 and going down and touching the 40 EUR area, I expect Bayer to recover and aim for its pre-Covid high of around 80 EUR. Fundamentally Bayer is undervalues, also when it comes to some new products that are in the process of being legalized.
After the complete 1-5 Elliot-Wave and the correction wave Bayer is still not in an upward trend. Despite Bayer's technical improvement, the stock is still not in an upward trend, and lower lows are not excluded in the coming quarters.
Currently, it appears that Bayer is beginning to move higher, and €46 in October may have represented a bottom. Although we...
I am seeing GBPJPY to go long, after SL-hunting some of the traders position and testing out the Fib-Levels. On a fundamental basis, I see GBP strenghtening after Johnson potentially wining the election and being one of the major force of the brexit. Also the lost hope (towards May) I anticipate to be better with Johnson.
I would expect the price to move up, after the formation of a flag. Daily resistance and trend should be strong enough to push the price further up. Long term fundamentals I don't see any reason of why it should move down.
Short term news, might shatter the pattern, but long term the direction is likely to go up. Good Luck to all of us.
A possible head and shoulders to appear on EUR GBP. It is not completed. However, there is a Resistance level at 0.87 around. Further a rejection candle 2 days ago. It couldn't break through that level and close above. Set a SL above the wick on the rejcting candle. Good luck, if it breaks the 0.87 level the idea is void.
Hello. a Huge downwards pressure put price of gold below 1272. A wedge is formed. If the ressistance of 1263 aint broken today, I expect the price to slow down and then make its move whether up or down. I would follow trend and say it is going to test that weekly support at roughly 1217 area. What do you think?
After a channel-run with multiple touches, it seems that price has reverted to the downside. However, this could be also a fakeout since there is still some way to go until first soft resistance at 0.76657 or even stronger resistance at 0.76952. More likely it will go to the downside. An individual Buy-Stop or Sell-Stop to place. Good luck - I placed a short.
