SkyTrees
Nice set up here for GME here which I believe will result in a FOMO
Looking at technical alone here, suggest that Gazprom has plenty of room to go up with the daily and the weekly RSI severely oversold. On top of that we can see quite clear positive bullish divergence and looks to be set up to break out of the descending bullish flag. Watch out for the resistance around the 370 mark - a break and a retest is ideal and you could...
Hey, as you can see the pair as broken out of the descending flag which has recently broke down out of a rising wedge which has been accumulating for a good while now. Short term potential bullish and bearish targets are shown by the paths of the red and green lines. If it breaks down out of the descending flag, we can expect this to lose a lot of ground.
Natural gas has made a lovely set up here, with a breakout from the ascending triangle and is resting on the support level within a descending flag. The weather in the US isn't getting any milder and inflation worries can really set this one up for a huge run. Great R/R Ratio here. Breaking out from the top support is vital here, and if it does, prices might...
Here we see silvers current set up which IMO has a chance of a the bearish down trend as oppose to the bullish outlook. Markets, set to continue their downtrend from what I believe and silver will follow suit, with the dollar rising as a result of the market downtrend. If it does break back into the triangle then I would certainly consider a buy position and...
As you ca see Platinum has broken out of a descending triangle within a upward channel which has been well respected so far. There was recently a false break out of that channel but has since regain it's poisiton. Target @ 0.786 fib extension level which is rather conservative within the daily time frame. On a weekly this looks even more enormous as show n in...
AUDUSD is emerging out of the base/resistance of the inverse H&S pattern and I believe that the price should hit the target. Risk/Reward @ 2.55 which I believe is rather great, this pair has a lot of potential to growth. With the rise of this pair, you often see silver follow suit.
Time for the pair to go up. DXY exhausted on the weekly and monthly.
I firmly believe that we should soon see a correction deeper than the one we recently had which began at the start of September. The chart suggests that after finally breaking out of the bear wedge; which began at the start of the lows of the correction in March 2020, we are now witnessing what looks like to be a retest of that bear wedge. With the addition of...
Here's a potential path ahead for the VIX indicator in the shape of the handle on a cup which began being built back in early May 21' (as shown in the graph below. $SPX overbought with a strong negative RSI divergence. My intial target is the 24 - 26.5 range, but if it were to break out I might reassess.
Hi guys, pretty self explanatory here. Within the candle it has completed the ABCDE correction and looks to be ready to break.
A Bullish H&S has developed on the hourly chart on the DXY which I believe will lead to a further leg down in the precious metals before the final move up. In addition to that I believe that the DXY will correlate with the continuation of the market correction. The 1.618 fib level of the Tred-Based Fib Extension also lands perfectly on the usual target of the...
This is pretty self explanatory with a resistance at play along with two reversal patterns in the diamond and H&S which makes me believe that we're to see a correction. Very volatile at the moment so this could shoot hard in either side.
Price rejected at the top of the Pitchfork range which bagn from the tops of the 2000 Dot-com bubble and the lows of the 2008 financial crisis.
Wave counting. Looks to have completed an ABC correction perfectly placing itself on that 0.786 level. I believe that this is now going to head down to the noted target of 1.239 area. Let me know what you think!
We have reached the top of the rising wedge which has acted as a reversal point numerous of times previously and I'm expecting a similar instance once again. Daily, weekly and Monthly RSI are all overbought and are calling for a breather. My minimal targer is 720 which is roughly a 6% reversal.
The market retracement gave the DXY a lifeline which has caused it's opposite pairs to take a huge dip leaving one of it's pairs - the NZD/USD with a super bearish wick at a critical resistance zone which stems all the way to Summer of 2016. X/USD pairs have been having a whale of a time since the market sell off back in March and I have been expecting a reversal...