
KLAYUSD is consolidating after a strong February drop, in preparation for one last drop at the bottom of the Channel Up. The same pattern is seen in mid November-December. Trading Plan: 1. Buy if the price breaks under the short term Channel and near the bottom of the long term Channel Up or if it breaks above the short term Channel first. Targets: 1. 0.41500 in...
AVAXUSD is trading inside a Channel Up having formed a Golden Cross (1d) 6 weeks ago. The RSI suggests that one last pullback is possible before a new 1 month rally starts. Trading Plan: 1. Buy on the next pullback to the MA200 (1d). Targets: 1. 25.00 (top of the Channel Up). Tips: 1. The ideal buy entry would be when the RSI (1d) hits the 30.00 oversold level...
DAX completed a Golden Cross pattern on the (4h) time frame, the first such occurrence since January 10th. The RSI (4h) has pulled back considerably, harmonizing the overbought conditions of last week. Trading Plan: 1. Buy on the current market price and as long as it stays over the MA50 (4h). Targets: 1. 16000 (+11.00% rise). Tips: 1. RSI (4h) is copying the...
Nasdaq is trading inside a long term Channel Up and is staging the second bull leg to its Top. The market formed a Golden Cross (1d) four weeks ago, the first since May 22nd 2020. Trading Plan: 1. Buy on the current market price and as long as it stays over the MA50 (1d). Targets: 1. 13730 (Resistance 1). Tips: 1. RSI (1d) remains over its MA period and reveals...
Dow Jones reached today the top of the Channel Down pattern. This is a rise almost proportional to July 14th-22nd (around 7%). Both crossed over the RSI Falling Resistance and at the same time the MA50 (1d). Trading Plan: 1. Buy as long as the 1d candle close over the MA50 (1d). 2. Sell if it closes under. Targets: 1. 34950 (Resistance 2). 2. 32600 (MA200...
WTI Crude Oil is approaching Resistance (1) at 83.50 after OPEC cuts. The MA200 (1d) is almost there at 83.97 and has been untouched since August 30th. The pattern is a Channel Up and its top is only a little over Resistance (1). Trading Plan: 1. Sell on the current market price as the above three levels form the strongest Resistance Zone possible. Targets: 1....
XAUUSD crossed over the Fibonacci 0.786 level today and is approaching the top of the two week Channel Up. This is a good opportunity to start placing short term sell positions targeting the MA50 (4h). Trading Plan: 1. Sell on the current market price and as long as it stays inside the Channel Up. Targets: 1. 1980 (the MA50 4h). Tips: 1. RSI (4h) hit its Rising...
EURUSD gave us a successful buy signal last time (see chart in the end). Today it crossed and closed a candle (4h) under the MA50 (4h) for the first time in 2 weeks. This creates the potential for a Triangle pattern, negating the Channel Up. Trading Plan: 1. Sell as long as the price is closing under Resistance (1). 2. Buy if the price closes (a 4h candle) over...
Silver is at a critical point as it is approaching Resistance (1) at 24.600 that is holding for the past 3 months. The MA50 (1d) is flattened and is inside the Pivot Zone. Trading Plan: 1. Sell as long as the price is closing under Resistance (1). 2. Buy if the price closes (as 1d candle) over Resistance (1). Targets: 1. 22.250 (Pivot Zone). 2. 26.000 (under...
The S&P500 is extending the rise that we called 2 weeks ago at the bottom (see chart at the end) of the long term Channel Up. Target (1) was easily and quickly hit and as the price is approaching Resistance Zone (1), we get the potential conditions for a short term pull back. Trading Plan: 1. Buy any pull back under Resistance Zone (1). Targets: 1. 4220 (top of...
BTCUSD is very close to printing a Sell Cross of MA50-100 (4h). This has been consistent with sell opportunities in February and March. Unless the Rising Resistance breaks, a pull back to the MA200 (4h) is more probable. Trading Plan: 1. Sell on the current market price as the Sell Cross is pending and we need to be ahead of the price action. Targets: 1. 25500...
WTI Crude Oil hit the MA200 (4h) today for the first time since March 9th. We got our target hit from buying at the bottom (chart in the end of analysis) and now we are switching to selling as the price is closer to the top of the 3-month Channel Down pattern. Trading Plan: 1. Sell on the current market price as the price completed a +16% rise, matching the...
XAUUSD is trading on a Channel Up on the 1H timeframe. The price reached its top and the Harmonic Resistance Zone. The 1H RSI broke over the 70.00 overbought region. Trading Plan: 1. Sell on the current market price. Targets: 1. 1965 (Harmonic Support Zone and near the bottom of the Channel Up). Tips: 1. The Channel Up is within a wider Triangle pattern. The...
Nasdaq rose again above the MA50 (4h) and is approaching the critical 12900 Resistance (2). The inverse of March's rise with February's fall is very strong. So far all Support levels of the fall got filled. This is a strong indication that the pattern will break upwards. Trading Plan: 1. Buy on the current market price. Targets: 1. 13050 (representing a +4.40%,...
Dow Jones broke above the Falling Resistance for the first time in 2 weeks. The is the first bullish signal since the Triple Bottom but has the Pivot Zone 1 and the MA200 (4h) to overcome. Trading Plan: 1. Buy as this is a major bullish break out supported by the MA50 (4h). Targets: 1. 33300 (Fibonacci 0.618). Tips: 1. The RSI (4h) is on a Rising Support. In...
XAUUSD has been ranged for the past 7 days within the 2010 Resistance (1) and 1935 Support (1). The RSI (1d) is inside a Channel Down, which is a Bearish Divergence. A similar pattern was formed in late January and was an early signal of a top formation that broke aggressively downwards to and even under the MA50 (1d). Trading Plan: 1. Sell on the current market...
EURUSD is trading inside a Channel Up pattern that is supported by the MA50 (4h). Following a Golden Cross, this trend is expected to continue to a Higher High. Trading Plan: 1. Buy as long as the MA50 (4h) holds. 2. Buy again if Target 1 is hit and the price pulls back to the MA50 (4h). Targets: 1. 1.09300 (Resistance 1). 2. 1.10325 (Resistance 2). Tips: 1....
The Dollar Index is trading under a Falling Resistance and the MA50 (4h). The Death Cross a week ago has confirmed the continuation of this short term bearish trend. Trading Plan: 1. Sell as long as the price remains under the Falling Resistance. Targets: 1. 100.850 (Support 1). Tips: 1. The MACD (4h) is about to make a Sell Cross. It will be the final...