elyask120

elyask120

Hi Guys, Gold has reached a price where it looks likely that we will see a correction and a halt in this leg of its uptrend. The weekly chart is overbought and showing divergence at the same time the index has reached the top of the channel that price has been moving in and respecting. There is also confluence with very important fib levels. The current high...

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Hi Guys, The US 30 has been getting sold off from its most recent high and there has been minimal to no interest for any support thus far. Currently it is testing the 50DMA and close to daily support level., where we may see a small bounce up to lower time frame resistance levels. A break and close below the 50DMA and further a break below support opens the...

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Hi Guys, Bitcoin has been on a massive run since the US election were decided and has currently cracked the psychological 100k mark. Price is currently at an area where we may see some selling pressure and allow the BTC to digest the gains and perhaps consolidate and pullback to allow others who missed out to hop on for another possible move higher. (OR maybe...

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Hi guys, Silver has consolidated after digesting gains from its last run up. Price has formed a double bottom on daily chart at precisely the 61.8 fib level from its most recent high to daily support. The right hand side of the double bottom is now looking like an inverse head and shoulders pattern on 4hr or 1 hour time frame with a break of the neckline....

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Hi guys, The Dow Jones US 30 is also grinding slowly higher and continually making all time highs. Currently price is heading towards an area where we may find some strong selling pressure. The highlighted box on the chart is taht area and it contains the 2.0 retracement of the bear market high to low. I think this level is more significant due to the fact...

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Hi Guys, The SP 500 is slowly grinding higher and higher with every call for a top being dismissed by bulls as the index continually keeps creating all time high after all time high. Price is currently heading towards an zrea where we may find some selling pressure. The red box on the chart is that area and it contains the 2.0 retracement of the bear market...

elyask120

Hi guys, Gold, XAU USD is currently at a possible area where we may find strong resistance and selling opportunity. The pink box just above price is that zone. This zone is the 2.0 retracement of the massive base that gold created between 2011 and 2020. This zone is also significant retraces of all the high to lows on the daily from a few months ago. Price...

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Hi Guys. The US 30, Dow Jones is fast approaching an area that may see some strong selling pressure. Ive written previous posts regarding The Fib 1.618 retrace of Dows bear market high to low is the zone I have drawn on the chart. Both Dow's counterparts, SP 500 and NAS100 corrected at their respective 1.618 retracements of the bear market. The Dow has been...

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Hi Guys The Russell 2000 is currently heading towards an area where we may find sellers stepping in and offering some strong resistance. The pink zone on the chart is that area and it contains an unmitigated daily order block. The big players will surely have orders to fill there and have been waiting a while for the opportunity to do so. Also the zone is...

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Hi Guys, The US 500 has faced some selling pressure over the last few sessions of trading and is nearing an area from which we may see a bounce. The Green box just below price on the chart is that area and looking left it contains an obvious demand zone from which there was a big move. The green box above price also contained a demand zone and there was a huge...

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Hi Guys, Firstly this post has a lot of details and a messy chart to go with it but for those who care to read to the end you might find some of the information useful. The Nasdaq/ US 100 has stalled in bullish momentum in the last few sessions of trading with sellers looking like they are in control at the moment. The larger time frame bias is sill bullish in...

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Hi Guys, The USD CAD pair has reached a support level where we could see a nice bounce from. The chart has a blue box that highlights that level which is also a demand zone and an area to which price has made moves from in the past. There is also a falling wedge leading into the zone, which can lead to big moves after breaking out. There is a double bottom...

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Hi Guys, The Nasdaq is fast approaching an area where it is highly likely to meet strong resistance . The upper blue box on the chart is that area. The zone is the 0.618 retrace from high to low. There is a massive 4 hr institution candle with the green candle order block sitting atop of it. The big players will be waiting there to fill the rest of their...

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Hi Guys, The US 30 , Dow Jones is currently looking like its trying to build some upward momentum to head towards the resistance zones marked on the chart ( blue boxes) . The 50MA is acting as resistance so far and not allowing the Dow to clear the range that has been building over the last wo days. Should we clear the range there are two important zones where we...

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Hi Guys, The Dow has sold off so far today and is heading towards possible support areas. The first blue box is the low of the daily support as well as the 100dma ( red line). Given the current downward momentum I think we might get much support here and if we break through there then the 200dma (purple line) and next support cluster ( lower blue box) will be an...

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Hi Guys, The US Indices are facing some real selling pressure currently and the Nasdaq and S&P 500 in particular are in critical must hold price areas if they are to keep their uptrends on daily timeframe intact. There is a bearish harmonic Gartley pattern that is developing on the SP500 with perfect fib ratios. If price holds the current level and we see a...

elyask120 Updated 

Hi Guys, The US 30, Dow Jones, is still looking quite bullish and I posted recently about the index heading towards resistance. That resistance is the blue box on the chart and the line within the box being the all important 1.618 retracement of bear market high to low. Since that time there has been a pullback which has seen price back down to the lower part of...

elyask120

Hi Guys, All the .../ YEN pairs have had massive selloffs recently. It seemed like just press sell button over last two weeks and you make money, quite the inverse of the last few months. AUD / JPY was one of the pairs that went on a massive bull run from May this year and is currently heading towards a possible strong support area where it took off last time...