
Tezos / XTZUSD has completed an Inverse Head and Shoulders pattern. Its technical target is a symmetric leg of the distance from the Head to the Neckline. That is +68.66%. The MA50 1D is supporting since January 12th. Trading Plan: 1. Buy the pullback to the MA50 1D or if Resistance (1) breaks first. Targets: 1. 1.9000 (slightly under Resistance 2). Tips: 1....
EURUSD is trading inside a Channel Down pattern. The MA50 4H is the Resistance and has rejected all rallies in the past 9 days. Trading Plan: 1. Buy at 1.05150 (over Support Zone 1). 2. Sell at 1.04410 (under Bearish threshold). 3. Buy at 1.03500 (over Support Zone 2 and MA200 1D). Targets: 1. 1.06400 (under the MA50 4H). 2. 1.03500 (over Support Zone 2 and...
WTI Crude Oil got rejected on Resistance Zone 1 and is now about to enter Support Zone 1. This is a Buy Zone that has only been breached once in the last 3 months (since November 28th). The only breach that took place formed Support 2. Trading Plan: 1. Buy upon entering Support Zone 1. 2. Buy at 70.50 (slightly above Support 2). Targets: 1. 80.50 (slightly below...
Gold is trading inside a Channel Down after the market peaked at the start of February. The MA50 4H is established as Resistance and is critical for the short term. Trading Plan: 1. Sell every time the price approaches the MA50 4H. 2. If broken sell inside the Resistance 1 and MA200 4H confluence. Targets: 1 & 2. 1800 on both occassions (-5.15% symmetric decline...
Nasdaq is trading inside a Bearish Megaphone. The MA50 4H has been established as Resistance. The price uses as Supports the Highs and Lows during January's uptrend. Trading Plan: 1. Buy on the MA200 4H and next Low Support confluence. 2. Sell on the MA50 4H. Targets: 1. 12300 (MA50 4H). 2. 11850 (next Support and MA50 1D). Tips: 1. The RSI 1D is inside a...
DAX is inside a long term Channel Up pattern. The price volatility in 2023 can be seen as a mini Rising Wedge on a Rising Support. A similar Wedge was at the start of the Channel Up. When it broke, the MA50 1D got hit. Trading Plan: 1. Buy on the Rising Support and Fibonacci 0.5 2. Buy on the MA50 1D if the Rising Support breaks. Targets: 1. 15600 (under...
NEOUSD crossed above Fibonacci 0.236 of the former Bear Cycle with ease today. Tomorrow it will form a Golden Cross 1D, the first since June 6th 2020. Until April every contact with the MA50 1D is a buy. Then every contact with the MA200 1D will be a buy. Trading Plan: 1. Buy the rally on the spot. 2. Buy the next MA50 1D pullback. Targets: 1. 19.5000 (under...
Conflux/ CFXUSD is on a massive fundamental rally that easily crossed over the 0.25550 Resistance (1). The rally doesn't seem ready to stop and by August can fill all gaps all the way to its historic High. The last consolidation after the first rally was made within the High Variance Zone designated by the Channel Up consolidation during the Bear Cycle. There have...
Dow Jones is holding the Channel Up since December and on Friday it came the closest to the bottom in 1 month. There is a potential Channel Down emerging and the key to which pattern prevails will be the MA50 4H. Trading Plan: 1. Sell below the MA50 4H. 2. Sell if the price breaks under the Channel Up. 3. Buy above the MA50 4H. 4. Buy at the bottom of the Channel...
BTC is trading inside a Channel Up with a potential Inverted Head and Shoulders pattern within. The MA50 1D is supporting after a Golden Cross. Trading Plan: 1. Buy if the price completes a pullback of at least -11% from the recent top. 2. Buy if the price breaks above the Channel Up. Targets: 1. 25800 (top of Channel Up). 2. 29500 (symmetrical rising leg on...
The pair is trading inside the MA50 1D and MA200 1D for the past 2 weeks. If the RSI 1D crosses above its MA (white line) it is a bullish signal, which has worked 4 times since July 2022. If the price crosses under Support Zone (1), it is a bearish signal. Trading Plan: 1. Buy if the RSI crosses above its MA. 2. Sell if the price crosses under Support Zone...
The price closed under the MA50 4H for the first time since January 9th. Similar Channel Up pattern in December led to a 0.786 Fibonacci correction. Trading Plan: 1. Sell on opening. Targets: 1. 3955 (above 0.786 Fibonacci) Tips: 1. A Double Bottom on the RSI 4H Buy Zone would be an excellent buy confirmation. Please like, follow and comment!!
EURUSD is under both the MA50 4H and MA200 4H. Two Channel Down patterns spotted, price within both. Death Cross 4H formed at the start of the week. Trading Plan: 1. Sell as long as the price trades below the MA50 4H. 2. Sell extension if Support (1) at 1.04850 breaks. Targets: 1. 1.05000 (above Support 1). 2. 1.03350 (above Support 2). Tips: 1. The MA of the...
EOSUSD may be late at the party but crossed today over the Cyclical Falling Resistance, entering into Bull Cycle territory. The MA50 1D is supporting. Currently testing Resistance (1) at 1.24000. Trading Plan: 1. Buy if the price crosses above Resistance (1). 2. Buy if the price pulls back to the MA50 1D. Targets: In both cases 1.8800 (Resistance 2) and 2.8500...
FLOWUSD has completed the formation of an Inverted Head and Shoulders pattern that just crossed over the Falling Resistance (Lower Highs) of the Bear Cycle. This is the first Bull Cycle confirmation. The RSI 1D also made a Bull Flag breakout. The MA50 1D is supporting. Trading Plan: 1. Buy if the price crosses above the MA200 1D. 2. Buy if the price pulls back to...
Dow Jones is trading inside a Channel Up for the past three weeks. With the use of the Fibonacci Channel we clearly see the heavy varience levels within 0.236 - 0.786. We will buy low and sell high for as long as the pattern remains valid. Trading Plan: 1. Buy on the current 4H candle. 2. Sell at 34300. 3. Buy at 33900. 4. Sell at 34400. Targets: 1. 34300. 2....
DXY/ Dollar Index crossed above its 1day MA50 for the first time since Nov 4th 2022. The fall since the top has been so far -12%. Similar fall (-11%) and price structure was seen during the 2020 decline. After the price crossed over the 1day MA50 it got rejected on the 1day MA100 and started a new decline ot the 1.236 Fibonacci extension. Trading Plan: 1. Sell...
Bitcoin/ BTCUSD is on a 2-day bullish streak, filling the gap from the Feb 9th fall. The pattern is a mirror image of the February - May 2019 Rise pattern. Starting with an Accumulation Phase, then rallying strongly on Phase 1, paused for Consolidation over a Rising Support and off to Phase 2 for the next rally. Trading Plan: 1. Buy on the spot. Targets: 1....