
Dow Jones is testing the MA200 (4h) today, after holding the MA50 (4h), extending the rebound that was generated at the bottom of the Channel Up. This is so far replicating to a good extend, the March 15th rebound-bullish leg. Trading Plan: 1. Buy on the MA200 (4h) break out. Targets: 1. 34850 (Falling Resistance). Tips: 1. The MACD On the (1d) time frame is...
Nasdaq is on a correction leg after being rejected on the Falling Resistance of the Falling Wedge pattern, a little under the 0.786 Fibonacci level as the September 1st Lower High did. It hit today the MA50 (4h) and that can generate a short term rebound. Below that, the correction of the Wedge will be extended lower. Trading Plan: 1. Buy on the current market...
WTI Crude Oil hit twice the Rising Support and today is having the strongest green (1d) candle in 5 months. This is a buy signal assuming the line holds. Trading Plan: 1. Buy on the current market price. 2. Sell if the price closes a (1d) candle under the Rising Support. Targets: 1. 95.00 (Resistance 1). 2. 78.00 (little over Support 2). Tips: 1. The RSI (1d)...
JP Morgan Chase crossed over the MA50 (1d) and despite the intra day pull back, it is considered a bullish signal. This came after the price hit and bounced on the MA200 (1d). That was the bottom of the 11 month Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 157.00 (under the Resistance, same with the April break out). Tips: 1. The...
S&P500 has had a strong rejection on the MA200 (4h) level today. It happened after it rose by +4.70% from last week's low, the same degree of rise as the September 1st Lower High did. Since the pattern is a Falling Megaphone, selling is prioritized. Trading Plan: 1. Sell on the first green (4h) candle. Targets: 1. 4300 (-2.40% decline like the September 7th pull...
DAX got rejected on the MA200 (4h) and is pulling back. This is heavy pressure as it took place near the top of the 2 month Channel Down. Trading Plan: 1. Sell on the first green (4h) candle. 2. Buy if Resistance (1) breaks. Targets: 1. 15230 (Rising Support and -2.20% decline like the September 5th pull back). 2. 16000 (Resistance 2). Tips: 1. The MACD (4h)...
EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High. We approach Support (1) which is a level that has held since July 27th. Trading Plan: 1. Buy as long as a (1d) candle doesn't close under Support (1). 2. Sell if it closes under it. Targets: 1. 0.96500 (top of Channel Down). 2. 0.93800 (-3.30% decline from the top,...
Frax Share has crossed over the 8 month Falling Resistance for the 2nd time in 2 weeks. If a (1d) candle closes over it, it most likely is an indication of the start of a new uptrend. Trading Plan: 1. Buy upon a (1d) candle close over the Falling Resistance. Targets: 1. MA200 (1d). 2. 7.0000 (Resistance 1). Tips: 1. The MACD (1d) is about to form a Buy Cross...
AVGO is testing the Resistance (1) level (925) of the 4 month Rectangle pattern. This is a short term sell signal unless it crosses upwards. The Rising Support trend line has been holding the long term bullish trend intact for 1 year exactly (October 13th 2022). Trading Plan: 1. Sell as long as the candles close under Resistance (1). 2. Buy if one closes over...
Bitcoin hit the MA50 (1d) today after 12 days. For the short term the trend is neutral as this may be a Support but the MA200 (1d) is a Resistance, not allowing any candle closing over it. From a fractal perspective, we may see a rebound similar to April 22nd. Trading Plan: 1. Buy as long as the price is closing over the MA50 (1d). 2. Buy if the price closes a...
PG is having a strong red (1d) candle that crossed again under the 0.618 Fibonacci level. In the last 10 months, the stock has been trading inside a Rectangle with the price being on the last step (0.786 Fibonacci) before the pattern's bottom. The price is already a solid medium term buy but depending on the MACD, it may provide an even better...
TomiNet is having a strong rebound on today's (1d) candle, forming a Rising Support much like the March 14th Low. If the pattern mimics that fractal, then this could be the start to a very aggressive rise. Trading Plan: 1. Buy on the current market price. Targets: 1. 6.000 (Fibonacci 3.0 extension same as the March 24th High). Tips: 1. When the MACD (1d) forms...
Dow Jones touched the MA200 (1d) today after bouncing off the bottom of the Channel Up. This is a standard V shaped reversal, much like the one in March. Trading Plan: 1. Buy on the next MA200 (1d) break out. Targets: 1. 34850 (Falling Resistance contact in similar fashion with April 14th). Tips: 1. When the RSI (1d) is rebounding after being oversold, which is...
Exxon Mobil is trading between the MA50 and MA200 (1d) which is approximately the 0.618 - 0.5 Fibonacci range. Technically the most usual buy opportunity is on the 0.236 Fibonacci level. Trading Plan: 1. Buy when the 0.236 Fibonacci level breaks. Targets: 1. 119.00 (the High on 3 separate occasions). Tips: 1. When the RSI (1d) is on a downtrend and reverses to...
Gold is trading inside a Channel Down since early May and last Friday formed the new Lower Low. The price has established itself over the MA50 (4h) and technically this is the rising wave to a new Lower High. Trading Plan: 1. Buy near the MA50 (4h). Targets: 1. 1890 (a little under the 0.618 Fibonacci level and probable contact with the MA50 1d). Tips: 1. The...
EURUSD is trading inside a Bullish Megaphone. Having formed the first Golden Cross (1h) since August 30th, we have a strong bullish case for the short term but at the same time two clear Resistance levels. Trading Plan: 1. Buy on the current market price. 2. If it pulls back after a Resistance (1) test, buy on the MA200 (1h). Targets: 1. 1.06175 (Resistance...
Visa is rising gradually after finding Support firmly on the MA200 (1d) and the bottom of the Channel Up. In accordance to the previous Channel Up rises, when the MA50 (1d) closes a candle over it, the rally will be confirmed. Trading Plan: 1. Buy on the current market price. Targets: 1. 252.90 (All Time High). Tips: 1. The RSI (1d) rebounded from below the...
Natural Gas is trading inside a Channel Up since the April 14th Low. Despite forming a Golden Cross on the (1d) time frame last Thursday, we have a short term sell signal as the price reached the top of the Channel Up. Trading Plan: 1. Sell on the current market price. Targets: 1. 2.950 (expected contact with the MA50 1d). Tips: 1. The RSI (1d) is highly...