RSI entering the overbought area. Is EU going to reach the 78.6 at strong resistance?
Gold under 1300 again! Hope to see gold rising before hitting lows under 1200.
Most likely bearish Gartley according to recent PA, although both bullish patterns possible in near future.
Perfect parallel XA and BC in this bearish Cypher. The T1 and T2 fall into SR zones which shows a high probability if the pattern completes. The C did not violate the previous low of the initial leg up, indicating a bullish move towards D
The Pound took a deep dive of 420 pips along the CD leg through numerous support levels. Still in a CZ we can expect to retrace back in a bullish move of 250 pips to T1. However, the Daily chart shows Pound weakness and possible trend reversal after a bullish run and consolidation. Careful, if the price does not violate the previous low at X we will see a...
The confluence on AB extension 127.2 and XA 78.6 retracement is almost perfect. Possible pattern completition. RSI enters in the overbought area.
RR ratio not so great for T1, almost 1:1. As soon as you get at few ticks to T1, move SL to BE. Happy pips.
Gold moved down harmonic and I expect to retrace to the 61.8 level where resides a strong resistance. Spiked through the 1282.4 but closed above which suggests a support and high probability retrace to the 61.8 level.
I had this one on my radar but being busy yesterday forgot to place my orders :( :( What a nice ride up!
Since the major support line is exactly on the 38.2 retracement I strongly believe that NU will bounce and go for the 127.2 extension. Anybody has different opinion? Spit it out!
1.60 is not only a technical resistance but also a psychological one. If GU breaks 1.60 we might wait for the 1.605 and than go short. Both are good ones!!!
NU didn't break the 8225 in the second attempt and RSI on H1 shows bearish divergence. A very good chance to complete the bat and go down