alwaysmile4u

alwaysmile4u

It slid down to the Fibo 61.8% from the major up trend and are consolidating its next direction. Will take a profit at around the Fibo Ext 38.2%.

alwaysmile4u

After the consolidation, it will keep moving up in its original direction before the upper trend line.

alwaysmile4u

It broke out the bearish trend and is currently retracing.

alwaysmile4u

The market retested the support belt which has been verified more than 3 times and ready to spring back up(blue dots). Otherwise, it will retest the double bottom(red dots).

alwaysmile4u

It hits the top of the upper trend line and going down. The blue lines are the market prediction and the red line is the possible trend change after a long consolidation just like the one on the left (black).

alwaysmile4u Updated 

It shows me the possible head and shoulders pattern. It hasn't shown it clearly yet obviously but it's likely to form that shape in 3 weeks. Let's see.

alwaysmile4u

The strong bear market is slowly turning the direction. It touched the upper trend and is showing the LL. It won't cross over too much the upper trend line.

alwaysmile4u

After the fail at the 200 ema, it will retest 200 ema.

alwaysmile4u

Strong support belt(blue) verified more than 3 times.

alwaysmile4u

It has a thick support belt(blue rectangle area) verified more than 3 times and currently HH/HL. It could check the support belt one more time but eventually it will turn to a bullish trend.

alwaysmile4u

Crossed the bottom line of the uptrend channel.

alwaysmile4u

The price is playing around the upper trend line in the bearish market. It attempts to change the direction from bear to bull because it's far away from the 50/200 ma. However, it still needs to retrace to the previous support level. First goal A and then B

alwaysmile4u Updated 

1 week timeframe shows the trend reverse at 105.55.

alwaysmile4u

It hits the bottom of the trandline in the day timeframe. It could possibly go down deeper in this strong bearish trend. However, if the market leaves a doji or a long wick, it would be the reverse for a long period.

alwaysmile4u

Oil market is moving slowly but steadily in one direction. The ABCD pattern on the Oil Daily chart appears and it's likely to turn into bearish market soon. Let's see.

alwaysmile4u

The ABCD pattern is based on the resistance and support structures on the 4hr AUDUSD chart. When the ABCD pattern appears, we may need to expect to see the bearish Cypher pattern.