Abbott is currently supported by good Q3 results and the sellers are blocked by 3 key support: the EMA50, the AS1 support (strong ascending support born in july) and AS2 (mid support of the canal C1).
A beautiful morning star pattern can be observed on Valeo on the descending support. This pattern is generally very powerfull. A gain of 15% is probable with this pattern a break of the resistance canal is also possible with higher gains...
Peugeot is in an interresting cup and handle pattern (cup T1, handle T2), the price has broken the neckline CR1 beginning october. Immediately after prices begin to growth before to pullback to the neckline with the recent market krach. The pullbback to the neckline is a very common behavior after a cup and handle pattern is confirmed. 3 scenarios on 4 are...
Griffols is evolving in an ascending canal with 3 support level. The stock has drawn this week a very long hammer (10% length !) on the second support. Griffols has a very good behavior with long shadow hammer with only 1,6% of long shadow hammer not initiating bullish trends. We can predict a rebound in the coming weeks, with target the resistance of the canal...
Bitcoin seems to have found a strong resistance on 6000$, the crypto is currently drawing a possible cup and handle figure, a break of the 6600$ will validate the pattern an initiate a possible new bullish cycle.
Stellar has broken today the neckline of its reverted head and shoulders. This figure can lead to a 43% increase in the coming weeks. This increase can then prepare an another pattern (double bottom) that can generate 150% increase.
Oil is currently draw a cup and handle (validation occured) in 1H. This pattern can conduct to the validation of a double bottom in 4H. First pattern gain will drive to 2.39% gain, the next one to 4.88%. The probability of success of the pattern is 88%.
Platinum is currently attempting to break the descending channel into which it evolves sinces months. The break is not strong enough at the moment but buyers are pushing more and more. A new bull channel can be initiated very soon creating a new bullish trend on XPT.
Oil has hit its major weekly ascending support and has drawn a validated reverted head and shoulders in hourly. The probability of a bullish reversal to the 77$ is very high.
EDF is a France based electricity producer. The stock is currently in consolidation since 2016. The price has build a very large reverted head and shoulder and will attack soon the descending resistance (weekly). The neckline of the reverted head and shoulders is 12€, in case of this level is broken, a strong bullish trend will born. EDF price is under the company...
RTL Group has dropped from about 10% in may due to bad results. The consolidation has been generated quickly on the chart in 1H drawing an ETE. The neckline is currently attacked by buyers and will be broken soon. A bullish trend will directly follow the break with growth potential of 5 to 10% on a very short timeframe.
GOLD is evolving in an ascending canal since beginning 2016. The main ascending support has been hitten and a bullish rebound is currently appearing. Signs are present in 1H and 4H timeframes, confirmation will occur soon in 1D. A pullback to the major ascending support (in black) is also possible. Stop loss should be placed around 1255 in case of bearish reversal...
CAC40 is fighting with a the key resistance of the 5500 this ressitance was tested 3 times over the last 2 years but never broken. Probability of a bearish reversal is 60%. Wait for a RSI divergence to confirm the downtrend.
OIL is currently drawing a very clean ETE with a beatiful parabolic shape. The probability of a return to the 59$ support is high.
ETHEREUM entered today very briefly in the support zone of its ascending canal. The crypto has immediately drawn a long shadow candlestick in 1H confirming the bullish rebound on the support. In conclusion: BUY BUY BUY !
GBP/USD is currently on a key configuration point in 15M. THe price has broken its major ascending channel (bear signal) but the price is now trying to pullback to try to go back inside the channel. In the mean time a minor descending channel is born, coupled with the break it can initiate a new major bearish trend... Resolution of the figure will occur in the...
USDCAD is currently fighting with the ascending suport of its weekly bullish channel. Since 2012, USDCAD is rebounding on this major support. In hourly timeframe USDCAD is drawing a double bottom on the support which is a strong bullish signal. I think the bullish reversal is coming. The only problem is the possible ETE figure (but not clean on the chart) which...
USDCHF price has hit the major support of 0.945 today drawing a long shadow on the support. This support is very strong, it has been attacked 6 times over the last 3 years and not broken. In hourly, the bearish trend has been strongly stopped by the support and price are consolidating around the support. The probability of a rebound is very high.