
KASUSD is holding and is rising on its MA50 (4H). Its Bull Flag succesfully broke to the upside. Both of the above can be also seen on the November 6th-8th Bull Flag, which broke upwards and reached the Fibonacci 1.5 extension. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.02500 (Fibonacci extension 1.5). Tips: 1. The RSI (4H) also forms a...
Nasdaq is getting rejected today after the very high opening as it hit the top of its Bearish Megaphone pattern. The same 1D candle is seen at the end of the last Bearish Megaphone when it broke upwards in early January. The price got supported on the MA50 (1D). Trading Plan: 1. Buy on the current market price. Targets: 1. 13450 (Fibonacci extension...
Gold reached a harmonic Resistance, previously being a Support. During the uptrend such levels when tested as Supports and held, extended the uptrend. If we are on a new downtrend, this level has to hold. Trading Plan: 1. Sell as long as the price is below the harmonic Resistance (white line). 2. Buy is it crosses above the MA50 (1D). Targets: 1. 1960...
WTI Crude Oil reached Resistance Zone (1). Breaking above the Declining Resistance resembles late January. Limited upside to Resistance Zone (2) based on the past 4 months. Trading Plan: 1. Sell on the current market price. Targets: 1. 74.00 (over Support Zone 1). Tips: 1. The MACD is also inside its 3 month Resistance Zone. The next Bear Cross will confirm the...
Maker is having a Golden Cross (1D) event. The first since August 24th 2021. The pattern is a Channel Up. Trading Plan: 1. Buy on the current market price and as long as the MA50 (1D) is supporting. Targets: 1. 1140 (beneath Resistance 1). 2. 1650 (beneath Resistance 2) as long as we get a pull back to MA100 (1D). Tips: 1. The RSI is holding over the 50.00...
The DXY is getting rejected on the MA50 (1W), closing the week under it. It has closed all weeks of 2023 under it. This is very much alike the Cycles of 2017 and 2020. The upcoming Bullish Cross on MACD sealed the top on those Cycles. Trading Plan: 1. Sell on the current market price and as long as the price is closing under the MA50 (1W). Targets: 1. 98.000...
The S&P500 closed on top of the MA200 (1D) and is having an impressive rally today. This is very much alike the start of the previous two rallies since the Bear Cycle bottomed. The pattern is a Channel Up. Trading Plan: 1. Buy on the current market price as it closed on top of the MA50 (1D). Targets: 1. 4140 (bottom of Resistance Zone 1). 2. 4300 (under...
DAX held the MA50 (1D) and is rising aggressively. Such aggressive rise was seen at the start of both bottom rallies within its Channel Up pattern. As long it doesn't diverge much from its MA100 (1D) in the future, DAX is in for an extremely strong rally. Trading Plan: 1. Buy on the current market price. Targets: 1. 16300 (the All Time High). 2. 16750...
EURUSD is grounded inside the MA50 (1D) and MA100 (1D). As long as the MA100 (1D) is holding, then the rise that started in September can be sustained long term in a similar way as the downtrend of 2021-2022 was. The 2021-2022 Bear Cycle was confirmed after the MA50 (1D) crossed under the MA100 (1D). Similarly on December 7th we had the MA50 (1D) crossing over the...
BTCUSD is trading inside a Rising Megaphone for the past 6 weeks. The price is now near its bottom line. The structure is very similar to February's drop with a Falling Resistance guiding it. Trading Plan: 1. Buy on the current market price. Targets: 1. 26000 (-0.236 Fibonacci as indicated by the February 16th High). Tips: 1. If you want to trade after the move...
WTI Crude Oil is now supported on the MA50 (4h). The Channel Up that started on Support Zone (1) is similar to all previous 4 Channels that started on that level. Price got rejected on the Mid level structure, indicating that we are only halfway there. Trading Plan: 1. Buy on the current market price. Targets: 1. 80.50 (under Resistance Zone 1). Tips: 1. The...
Dow Jones almost hit Support (2) at 32470 a level that worked out twice since November 9th 2022, starting strong rallies to 34390 (Resistance 1). The same Declining Support on price - Rising Support on the RSI (4h) Bullish Divergence was formed on the December 20th bottom. Trading Plan: 1. Buy on the current market price. Targets: 1. 33050 (MA50 (4h)) 2. 33500...
Nasdaq is near the MA50 (4h) after 2 weeks of bearish trading. The long term pattern is a Bearish Megaphone. It may be completing an Inverted Head and Shoulders pattern, which is a bottom pricing formation. Trading Plan: 1. Buy when the price crosses above the MA50 (4h). Targets: 2. 12480 (under the bottom zone of the Bearish Megaphone and inside the Fibonacci...
EURUSD smashed through and closed over its MA50 (4h) with easy, extending today the gains. Potentially a new Channel Up is being formed, though not necessary it can contain a strong rise. Fibonacci 0.5 already filled. Trading Plan: 1. Buy within the MA50 (4h) and MA50 (1h) Zone. Targets: 1. 1.0720 (over Fibonacci 0.618 and potentially on the MA50 (1d) and MA 200...
Gold crossed over the MA50 4H and invalidated the Channel Down. This rise is strong as it started on a Double Bottom. The price already filled the 0.382 Fibonacci level. Trading Plan: 1. Every pull-back near the MA50 4H starting from now. Targets: 1. 1870 (which is a little under Fibonacci 0.786 and on a projected course with the MA200 4H). Close the trade...
Ethereum is inside a Channel Up, on a Golden Cross 1D, supported by the MA50 1D. The MACD forming a pattern that in the two previous Channels kickstarted a +38.50 rally. Trading Plan: 1. Buy on the spot as long as the MA50 MA200 1D support. Targets: 1. 2000 (under the Resistance). 2. 2200 (Extension to + 38.50%). Tips: 1. First time within the trading horizon...
The S&P500 has been inside a Channel Up ever since the October 13th market bottom. Even though it didn't make a proper Higher High in February, the recent correction is still contained inside the Channel Up. The MA50 1D is holding. If the price makes a closing under it, the Rising Support assumes controls of the trend and becomes the prevailing pattern. Trading...
Floki Inu / FLOKIUSD is one of the hottest crypto of 2023 having had two major rallies already of +180% and +250%. Both of those rallies reached the Fibonacci 5.0 extension. It is again rising having crossed over the MA50 4H. Trading Plan: 1. Buy on the spot. Targets: 1. 0.00010 (slightly under the Fibonacci 5.0 extension). Tips: 1. The RSI 4H is trading inside...