AUDUSD 4hr chart indicate a strong supply area highlighted at the 161.8% extension level.
CBOT_MINI:YM1! DJI futures is strong and is testing the hourly demand zone
Gold is still struggling to break 1580 resistance level and thus, there is a strong possibility of a sell-down correction to the demand zone after the price has broken down of the falling wedge.
Strong bearish reaction at 50% retracement level and it is below the 50.0% retracement level signalled a strong bearish sell down.
FX:GBPUSD The pound may see short term weakening to the demand area highlighted in the chart. Should there be a correction down, the potential rebound point will confluent with a potential falling wedge formation and the demand area
GBPUSD had a bear sell down at 1.32100 psychological level and the price is expected to rebound at the first demand zone indicated in the chart.
UOB rejected the demand zone right after market open after Lunar new year holiday in Singapore. The strong demand may push prices further to fill the gap
Dow is facing a strong possibility of a bearish correction till at least 27000
The broadening wedge act as further correction till 29000 region highlighted in blue. We believe a strong rebound may happen at the region.
NYSE:MRK Potential bullish flag confluence with the support level highlighted in blue
Correction is imminent for Alibaba as the stock is forming a potential expanded/running flat. We believe that the midterm trend for Alibaba is bearish
Rising wedge and bearish evening star formation are rocking the stock today. Hold steadfast to your shorts!
Dow futures had a sell down this morning in Asia session and subsequently stronger sell down on London session. As today is the public holiday in the U.S, we expect to buyback near the demand zone when trading resume in the U.S
Pfizer may have a strong rebound at 40.00 support level.
Based on my daily chart analysis earlier on, it concurs to me that the weekly support the bullish run beyond 8000 yen, but not for long. Based on the wave analysis, the flat corrective wave is still currently forming the B wave of the Primary phase. Based on further analysis, the wave on the smaller scale within the regular flat is forming an expanded flat,...
Toyota had a strong up move out of the falling wedge yesterday and we expect the stock to move beyond 8000yen within this few periods. A detailed wave analysis will be published on a separate note.
GBPJPY may have a slight bull run toward 127.2% of the extension to complete the B wave of an expanded flat. The reason is that there is a bullish corrective flag.