Since the beginning of October, crude oil prices have been on a downward trend, dropping from $77 to $70 in less than three months. This decline can be attributed to several geopolitical and economic factors. During this period, global economic growth showed signs of slowing, raising concerns about future oil demand. Additionally, geopolitical tensions in major...
Crude Oil (CL) Bullish Trend Continues: Surge Driven by Rising Demand and OPEC's Supply Reductions Since December 2023, CL has been on an upward trajectory bolstered by heightened demand and OPEC's proactive supply cuts. Notably, in February, the market broke through the 209-day Moving Average (MA), a significant technical indicator, and retested it in March,...
Google is on a Downtrend since the beginning of 2022. Now it's a good opportunity to jump on the trend at the level of 209 MA. There is a huge R/R of 1/4. the potential Targets could be 78.6% Fibonacci level and as second Target 100% Fibonacci level.
Nasdaq has recently broken the 209 MA with Volume. The RSI is also confirming that by being below the 50% Line. The 1st Target will be the 78.6% Fibonacci level. The 2nd Target, if the trend is strong will be the 100% Fibonacci level.
since November 21 NFLX was on a down trend until May 2022. after a flag pattern appears until December 22. a breakthrough that range will signal a high probability of keep going down Another confirmation could appear on RSI when it goes below 50%.
as we can see the apparent divergence was shown between April 2021 and April 2022. followed by a drop-down below 0.236 Fibonacci level. the price is still moving in a trading range which makes it hard to predict his next move. Break bellow MA 209 with Big Volume signal a short entry.
ZL has a Head-Shoulders pattern after a long Uptrend. a break through the nickel is a signal of entering short with a 1/4 risk-reward ratio. Let's see if the market will confirm my analysis.
very obvious that gold has been on a downtrend since March. the trend is moving below MA 209 which confirms the trend. As long as there is no obvious trend reversal signal, I will only look for sell signals on my daily trading. By focusing only on selling signals, I will increase my win rate and avoid many losses. On the weekly chart, the MA 209 is broken and...
Dow Jones is reaching an area of uncertainty. YM has moved into a trading range for weeks. A break through the 209 MA will signal a good opportunity for a Short move
The Nasdaq has been in a downtrend for the whole of 2022, moving in a trend line. NQ reaches the moving average and if the market breaks it with a huge volume, the downtrend will continue to move below. Be ready to take short positions
TESLA has been in a trading range since the beginning of January 2022 after a massive uptrend started at the beginning of 2020. inside this trading range, TSLA stock has been a small rectangle for the last few weeks. a breakthrough that range will signal a potential long position taking for investors.
cocoa was ranging since the beginning of 2017. In June 2022 CC broke the 209 SMA with a high volume. after that CC keeps testing the downline of the range. a breakthrough that line would signal a substantial short opportunity. it is taking into consideration the rsi that is under the 50% Line. Let's see what Cocoa will do in the following weeks.
KC was on a long-range since December 2021 after a massive uptrend. the break of the range may give an essential signal to position long on Coffee. if the market breaks down, it could be a significant signal to go short and expect a target 0.5 Fibonacci retracement (162.30$)
ZB formed an obvious reversal pattern (Head and Shoulders) in the last months, taking the pattern's MA 209 As a Neckline. the break of it kept moving the price lower. Breaking the support area you'd probably take the price to lower until achieving the potential target which is equal to the distance between the Head and the Neckline.
NG was very bullish at the start of 2022. This massive Uptrend stopped in June and led to a correction at the 0.618 Fib line. After that, NG returns to the same old high, respecting the trend line and forming a significant Resistance. the RSI is showing a considerable divergence as the second high lost momentum to continue pushing higher. A break of the trend...
FDAX was moving in the last months in kind of range below the 209 MA . A massive Resistance that FDAX hasn't been able to break since early 2022. A key Support was tested twice in March and May around the price of 12400. Once FDAX breaks support with a large volume, a decline towards 10800 will probably resume. Otherwise, if FDAX breaks the resistance and 209...
CL broke a trading range held since June 2022. now CL is retesting the range and forming a key pullback at 92.44. The market ended this week with a hammer (bullish pattern) that showed the power of buyers. Going long would be a good idea for investors or swing traders with a 1 3 risk reward ratio. The price will possibly reach $100 as a potential first...