This Daily chart shows how the price has retraced to 0.618, after breaking down the previous uptrend, and has reversed. The two support levels at previous HLs have been broken that confirms the break of structure and reversal in to a down trend that may last several weeks. The weekly chart shows a much clearer picture of an overlapping structure also confirms...
In continuation to Analysis of UK100 on 11th September, the price has retraced 50% after breaking the down trend. It is time to take long positions and aim for 7900 above which could be reversal as shown by AB=CD pattern.
Daily chart of UK100 is expected to Break up weekly resistance and trendline to follow a Bullish September Seasonal behaviour. Take Long positions after retest and new orderblock formation Dow theory HHs HLs: Bullish Candlestick Pattern : Bullish forming three soldiers Support &Resistance: Orange line formed on Weekly chark Trendline: Resistance...
DXY on our daily chart shows a divergence in price movement and Volume. DXY is overbought and as we expect September to be bullish based on its seasonal behavior it looks all ready to start retracing. Keeping in mind this is another September followed by a bullish August, therefore August High and Low as our Fib points the support zone would be the area between...
This daily chart shows Bearish divergence being formed on EURUSD pair between the price chart, volume and Chaikin Oscillator. The chandlesticks also shows tweezers top followed by a hanging man, indicating bearish move ahead
Gold is following the pattern of Bullish variant - Penant. The price can be seen to have broken its last week's resistance of 1980-1984 area and is currently taking correction. As we can see on this Daily chart that a bearish divergence is also being formed on Chaikin oscillator that reassures that gold is under correction and may drop a little more before...
DXY seems to be forming a perfect head and shoulders pattern in this weekly chart. However, it is still above the neckline while the right shoulder is almost completed. Once it breaks the support around 101.5 in the week ahead, that will be the time to short $ against everything, or Long strong pairs against $ like Gold, GBP, JPY,AUD,BTC etc.
Since September 2022 S&P500 seems to be struggling to break the resistance at 4150 area where it has been rejected atleast four times since then. However, several indicators are now pointing towards a possible break through, expected soon as DXY is declining and is expected to decline further in the coming weeks. S&P500 on the other hand seems to be forming an...
US100 is currently on strong resistance the bearish divergence in Volume and the hanging man candle shows that coming week may be a good retracement week giving good short opportunities untill we get to 12200-12300 range which is 0.5-0.618 retracement area, indicated as the Buy zone. Once there US100 will be all set for its bull trend supposedly breaking...
On Monday UK100 is likely to make a bearish move as this hourly chart shows bearish divergence on volume and chailkin oscillator. AS the price is currently on a HL it is the perfect time to short from here and book profits in parts all the way down to 7300
Based on 15 years of Price movement we expect the Gold to go Bullish untill 2025.
Daily chart shows risisng wedge forming, Bearish move expected.
A short opportunity seems to be arising, as JPN225 touches its resistance at 28420 and formed a regular bearish divergence. Also as we can see on daily chart its perfectly following bullish path in a falling wedge. So this will be a short pullback and then we can open long positions again.
We can see SnP forming perfect HHs and HLs respecting the upper trend channel Highlighted in Blue. In Addition to that it is also on strong Support level. We need to see Candles Closing above this support in coming days to take long positions and ride up to the next HH.
AUD seems to be forming a great set of HHs and HLs and is currently in its HL support against JPY. Good opportunity to Long from here.
EUR GBP is forming a bearish symmetrical triangle on daily chart. and a bearish variant flag too on 4 hr. Bearish movement ahead
Its time to sell netflix as we can no longer share passwords :( Nothing to do with Bearish Regular divergence on Daily chart or even a formation of bearish variant flag, that may indiacate a bearish continuation, may be merely coincidental =/