elyask120

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...

elyask120

Hi Guys, The US 30, Dow Jones, is currently heading towards what may be a resistance zone from where sell setups may arise. The blue box with the line through it is that zone and the line represents the 1.618 retracement of bear market high to low. Both the Nasdaq and SP500 reacted to that particular fib retracement from their respective bear market high to low...

elyask120

Hi Guys, The SP 500 made a strong move down last night. Bears took a few sessions to gather downward momentum after the SP reached its 1.618 fib retracement of bear market hi to low. SP 500 was very extended from its 50dma and daily RSI was in overbought and showing divergence ( the two peaks in overbought area), which is strong confluence in any marked...

elyask120

Hi Guys, The Russell 2000 has been somewhat of a laggard compared to the 3 other major indices this year. Yesterdays session close put paid to the laggard title. After yesterdays session close the Russell 2000 finished 4.4 standard deviations above its 50dma. No other major US indice (DOW 1900, S&P 500 1928, NASDAQ 1971) has ever closed at that much of an...

elyask120 Updated 

Hi Guys, The chart that is posted with this article was the same one I posted a few months ago except it is now on weekly timeframe and I have added the two lines to show price movement since then that has created a rising wedge. The bottom yellow zone did offer resistance and sell setups. The index is now heading into what I believe may be another strong...

elyask120 Updated 

Hi Guys, The SP 500, has just now reached a strong possible resistance zone. Much like its counterpart Nasdaq, The S SEED_ALEXDRAYM_SHORTINTEREST2:P 500 is currently at the 1.618 retrace of the bear market hi to low. The blue line in the box is that level and is also retrace levels of just about all the pullbacks during this remarkable uptrend, suggesting...

elyask120

Hi Guys, Gold, XAU/USD is looking like it will test its recent high after breaking out of the big range candle to the upside. I'm pointing out the obvious with the sell/resistance zone highlighted on the chart but I'm just wanting to point out some confluence for those looking at sell setups around the highs. There is a bat harmonic pattern forming with...

elyask120 Updated 

Hi Guys , The Nasdaq is currently at a zone that may see some resistance. I wrote an article regarding this zone earlier, mainly that it contains two very important fib levels, namely 1.618 retrace of bear market hi to low (blue line) and 1.0 fib based extension of covid low to bear market high to bear market low (red line), and on last night's session price...

elyask120

Hi Guys, I posted recently about the Nasdaq approaching what I think may be strong resistance. Just update on that idea. Just update on that idea. In the last week or so , the recent high has made formation of a perfect bearish parallel channel , which heads into that zone and the upper line will serve as resistance. It would be ideal if price does not touch the...

elyask120 Updated 

Hi Guys, XAU/USD , silver , looks like it is back in control of buyers after the recent selloff. Much like its counterpart, Gold, Silver has created a double bottom right on the Anchored Vwap from an important low, (made in February). The pullback from its recent high and the double bottom are in the Fib golden zone using recent high and daily support as the high...

elyask120

Hi Guys, XAU?USD , Gold has a bullish look about it after going through a selloff recently from a strong resistance zone (1.618 retracement from 2011 high to 2015 low). The daily chart has made a double bottom on the anchored VWAP from February low (black line) and the right side of the double bottom has a nice inverted head and shoulders when looking at the 4...

elyask120 Updated 

Hi Guys, The AUD/CHF pair is currently in a resistance zone that has lower time frame sell setups activated. The harmonic pattern on the chart suggests further upside but we could see a nice risk to reward sell from this current level. Structure has been broken in this zone on LTF and targets are shown on the chart. Safe trading all.

elyask120 Updated 

Hi Guys, The Nasdaq 100 is fast approaching what may be a possible strong resistance zone. The red highlighted box above is a zone I believe may prove hard to break through and could potentially see a proper retracement/ pullback from. The red line in the box is the 1 fib extension of the covid low to bear market high to bear market low while the blue line is...

elyask120

Hi Guys, The US 500 seems to be in a pretty good position for a pullback/ sell opportunity. It is currently at the 1.618 retracement and 2.0 retracement of its two previous pullbacks and looks like its finding resistance at the current level. 1 hour RSI is showing divergence and a break of the descending triangle and retest would be good entry with chart or...

elyask120

Hi guys, The CHF JPY has again made a strong move to the upside, as it has been doing for the best part of two years now. Price is heading towards an area where we may get the chance to find some LTF sell setups. The dashed black line above the chart represents the 1.27 retrace of the latest swing low to high daily and previous swing low to high daaily... i.e...

elyask120

Hi Guys, As of this writing the US !00 is at a potential area where we may get opportunity for LTF sell setups with opportunity to buy into a dip thereafter. Price is currently at the 3.0 fib retracement of the two points that form the channel that Ive drawn. Within the channel the clear impulsive trend move which is more obvious on a weekly timeframe is A to B...

elyask120 Updated 

Hi Guys, Yesterdays session saw a massive selloff on the US indices. After months of non stop upward momentum the market came to a halt last month only to pick up from where it left off when we made the lows from the recent correction. Or so it seemed. Big reversal outside engulfing candles on the daily for Nasdaq and SP 500 were a precursor to yesterdays selloff...

elyask120

Hi Guys At this moment the US 100/ Nasdaq is in what could be a potentialzone to look for sell opportunities. The low of the red box is the 1.27 retracement of the recent pullback and the high of the box is the 0.618 extension of the last impulsive move on daily time frame i.e 8/5 to 16/5 to 17/5. Lower time frame entriesusing whatever method one chooses may...