salar_trader

salar_trader Updated 

It appears buy condition will be valid.

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Whats your idea?

salar_trader

Because of failure of the previous analysis the new one is just updated.

salar_trader

Since previous analysis was failed the new one shows increasing prices.

salar_trader

The first reversal pattern shows about 50% increase in price. The other reversal pattern is increasing wedge while hidden divergence in MACD is obvious.

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Although the head and and shoulder bottom is formed, the broken support line shows decrease in Dax index.

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The next step is shown on the chart.

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All of the technical symptoms shows that step by step recession is the most probability which can take place.

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If Increasing wedge or continuous symmetrical triangle chart patterns are confirmed, the next step is 1568$ area.

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Increasing wedge on the last part of up trend means trend change,the double bottom also means change of the previous trend so because of resistance line the price will see the next steps.

salar_trader Updated 

In daily time frame the next step is to decrease about -9 percent. On the other hand the increasing wedge pattern is likely to take place.

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Decrease of the price is the most probability in 4 hours time period.

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If the support trend be broken the price consolidation will act as a down trend movement.

salar_trader Updated 

Etherium is curretly in range market direction. While it descends the other side(Bitcoin) will reach to the goals. So the next down steps are listed on the daily chart.

salar_trader

On daily time frame the down steps are listed.

salar_trader

After the possible pullback to 58.63$ the next step is to decrease 50.5 $ on daily time frame.

salar_trader

possible pullback and then again the gold continues correction on daily time. will it reaches the 1242.484 area?

salar_trader

On H1 time frame my idea is marked on the chart.