TradingShot

TradingShot

Last time we looked into the GBPNZD pair (October 02 2024, see chart below), we issued a clear buy signal at the bottom of the long-term Channel Up, that easily hit the 2.1900 Target: Yet again, the price got rejected at the top of the Channel Up and pulled-back where it is consolidating below the 1D MA50 (blue trend-line). In the 12 months of this pattern,...

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Copper (HG1!) has been trading within a Channel Up since the August 07 2024 Low and the last two days has resumed the uptrend, invalidating the Jan 17 rejection. This suggests that the current rally is the latest technical Bullish Leg and should be extended to the top of the pattern for a Higher High. Until then however, there is Resistance Zone 1 to consider,...

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Dogecoin (DOGEUSD) has been trading within a Channel Up pattern since the December 20 2024 bottom. A very distinct buy signal emerges every time the price makes a Double Bottom near the Higher Lows trend-line of the pattern and the 4H MACD forms two Bullish Crosses in a row. As you can see, this has already happened two times, with the price reaching at least the...

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Bitcoin (BTCUSD) on the 1M time-frame is as straightforward as it can get. The message is clear: We are nowhere near the Top yet. The LMACD flashes its Cycle Top signal when it tests the Lower Highs trend-line. If this happens to be above the Pi Cycle's Top (red trend-line), then we have a complete Sell Signal for the Cycle. This is expected to take place towards...

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NVIDIA corporation (NVDA) has been trading within a Channel Up for the past 2 years and just last Monday it made contact with its bottom (Higher Lows trend-line). As long as the 1D MA200 (orange trend-line) remains intact, the bullish trend will be maintained. On top of that, the price action has just completed a pattern, which in the last two times we saw it (Q3...

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WTI Oil (USOIL) recently broke above its 15-month Lower Highs trend-line that has been keeping it under a bearish trend and is now naturally pulling back. This technical pull-back is so far within the tolerance levels of a bullish trend. The pattern that making use of this trend is a Channel Up, newly emerged and now about to test the 1D MA200 (orange trend-line)...

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Ethereum (ETHUSD) has been trading since the start of the year within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Despite this technical 'trap', there are two bullish patterns that outweigh this range and those are primarily the Channel Up since the July 18 2022 market bottom and in the last 10 months an Inverse Head and Shoulders (IH&S)...

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Last time we looked at AUDCHF (October 01 2024, see chart below), we took a long-term short trade based on the multi-year Channel Down: The 0.56000 Target got hit and yet again the 1.5 year Support Zone (since August 2023) held. Sooner or later, this demand zone should break the pattern upwards and reverse the bearish trend. Until then, we can continue...

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Netflix (NFLX) has been trading within a long-term Channel Up since the October 18 2023 Low. Every time that the price broke below and later recovered the 1D MA50 (blue trend-line), it was the most efficient buy signal of the pattern. This is what took place yesterday, we had the first recovery above the 1D MA50 since the break below it on Jan 10. Along with the...

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Dow Jones (DJI) has started the year on a positive note and that is anything but a coincidence. On this 1W chart you can see Dow's price action since the early 2009 bottom of the U.S. Housing Crisis. That happened to be Obama's 1st year of Presidency. As you can see, 2009 was an incredibly bullish year with the index rising more than +60% from the year's...

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Dogecoin (DOGEUSD) is trading on its 1D MA50 (blue trend-line) as despite yesterday's attempted break-out, the pull-back brought the price down around this key trend-line again. The key for buyers is now to turn this level into a Support and hold it, as this is what took place during the September - November 2024 rally. As you can see, once the price broke above...

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The S&P500 index (SPX) hit and rebounded today on the 1D MA50 (blue trend-line), following last week's break-out. This is the confirmed start of the technical Bullish Leg of the 6-month Channel Up along with the 1D MACD Bullish Cross. Having made a Higher Low on the 1D MA100 (green trend-line) last Monday (January 13), we are expecting the standard 1.786...

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Costco (COST) gave us the most optimal buy signal on our previous analysis (October 07 2024, see chart below) right at the bottom of the Channel Up, and easily hit our 1000 Target: Yet again, we are ahead of a strong bullish break-out and the only Resistance level that remains is the 1D MA50 (blue trend-line). The 1D RSI has already given a buy signal right...

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Russell 2000 (RUT) gave us an excellent buy signal on our last analysis (October 22 2024, see chart below) exactly on the 1D MA50 and within 5 weeks it hit our 2465 Target: The price almost immediately pulled back, showing the efficiency of our Target placement and the pattern that has now prevailed is the Channel Up that started more than a year ago (October...

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The EURAUD pair had been trading within a Channel Down pattern since the August 17 2023 High. At the moment it has made a direct Lower High (December 27 2024) at the top of the pattern but the rejection is contained above the 1D MA50 (blue trend-line). That is the sell confirmation level as whenever this broke after a Lower High, we had a bearish signal. As a...

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Trump's inauguration took place yesterday and that's perhaps the one event that the markets have been waiting for to kick-start the year without distractions. On today's analysis we go through every January of Bitcoin's (BTCUSD) final year of its Bull Cycles and present to you what we will call from now on 'The March effect'. As you can see, the price action...

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Nasdaq (NDX) broke on Friday above the Lower Highs trend-line that started more than a month ago on the December 16 2024 High that initiated the recent correction. This has technically been a Bearish Leg within the +2 year Channel Up and every time such a structure broke above its Lower Highs trend-line, a strong rally followed. At the same time, the 1D MACD just...

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The EURUSD pair gave us a solid short-term buy last time (January 13, see chart below) that easily hit the 1.02850 Target: The price remains near the top of the 5-week Channel Down and technically this is a sell signal. Our Target is 1.01250, which is the -2.30% minimum decline that has taken place within this pattern as a Bearish Leg. If the price rises...