matejmn

matejmn

Just adding to the idea previously posted: A black upward trendline shows a strong bullish trend from mid-2022 through early 2025. Recently, there’s been a significant breakdown below this trendline, which signals a substantial change in trend from bullish to bearish. On Friday, we tested and rejected this trendline, which at the same time tested a 65% (golden...

matejmn Updated 

Orange circles highlight repeated price rejection and the formed doji that suggests a slowdown in a bullish wave and potential reversal. The confluence of the descending trendline and horizontal supply/resistance zone creates a high-probability reversal or breakout from this triangle. If the price rejects again from the current supply zone and triangle, short...

matejmn

We are closing on important channel resistance and 161.8 extension from the previous high in November 2021. RSI 14 shows close to overbought. I expect a strong and healthy pullback to the bottom of the channel, but this correction could take a long time and drag to 2026.

matejmn Updated 

We are currently hitting a final trend channel resistance before reversing. Gold zone hit, RSI oversold, what looks like Hanging Man on Daily close. We need a correction right now, for the healthy push-up of the price. The arrows are an indication of the trend direction. Shorts from 251 - 230, low leverage. My targets are unchanged 120-102 to go long. I have...

matejmn

1.618 rejected and touched the top of the parallel channel. Let's see some correction to the mid-line channel or bottom of the channel.

matejmn

We are forming a bullish cypher on higher timeframes. Spot entries in from the bottom. Invalidation of the count: 61.8% - 52k below Target: 127% extension - 78237

matejmn Updated 

Currently, the price hovers below the support at 175 (CMP GZ). Everybody will be watching that level. Check all the previous earning periods. Every time we open with a gap down (no matter the results), however, this time it is different... I strongly think we will visit the 120-130 level and also below. There is a small chance that it will cross below 100...

matejmn

Hi All, I haven't posted any views on the markets in a long time. Currently, all indices are in the long bull run and we need some healthy pullback. This idea shows my view that you can consider and it is the H&S pattern with targets below 15,000 . The trade is running for me from 18,000 . You can re-enter at the retracement GZ (17700-800). The most...

matejmn

We had a strong pullback since Friday's session. I expect an upside correction from levels below. CMP 0.42 E1 - 0.41 E2 - 0.39 E3 - 0.37 TARGET - 0.60+

matejmn

We are forming what looks like a DB structure in long term. This should be long-term trade all the way above the GZ to 30+. SL below the bottom BZ. Good luck.

matejmn

We have returned to the bullish areas on this chart. As it seems, we are forming an ABC correction (currently in retracing wave B). RSI support has still room to shine on weekly TF. Daily is closing soon. These are my long-term entry and closing points for short positions: -50% retracement and end of wave B at 13602.9 taking us below the big picture GZ. ...

matejmn

We are approaching the finish line of this impulsive 1-5 wave that should be ending by .786 at 15327. Entries between 15061 - 15327 SL = 15533 TP = 13000 and below. Goodluck all:)

matejmn Updated 

The previously posted formation of reversed H&S has not been very great looking to me. The whole structure looks too long, therefore, I decided to withdraw it. This AB=CD harmonic pattern we are forming (or already formed) could potentially take us back to below 73 levels. I am waiting for the retest of 707. at 82.05 where I will start shorting. Pay attention to...

matejmn

Since 2020 we have been climbing towards 2000 and above. This structure looks very simple but is very profitable in the long run. Short entry at .786 (1973.33) Targets below 1616 SL = 2000

matejmn

We have been hovering around 1.24 for some time now. We have formed a double top and bearish divergence on 4H and below. We are not overbought just yet, so this would be a factor to look out for I will pay attention to the price action at the nearest 1.24 retest (if so). Entered 1.24000 Target 1 GZ = 1.20723 - 1.20529 Target 2 FR = 1.18410 SL = 1.25000 Goodluck all:)

matejmn

We have formed this reversed head and shoulders pattern on higher TFs, which we broke out from already. I expect to see the GZ test before any new low. I am in long trade from 79.0. Targets of retest at 707 (82.31) and further at GZ (86). SL at 78.2 Good luck all.

matejmn

We are approaching retracement levels. Prepare for lift-off. My main focus is 69-65 levels for a long entry with targets $100 Goodluck.

matejmn Updated 

We have been hovering close to all time highs. This is the 1-5 structure of EW, with a corrective ABC to below 6700 GZ marked on the chart. Alternative could be extension of the last V. wave above 8100 (unlikely). Look for shorts at: -CMP -7820 -7908 as the top. Goodluck.