Price action trading patterns probabilities and targets

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DAX

DAX IS BOUNCING OFF THE LOW OF THE WEDGE RANGE OF 12000 AND IS BREAKING ABOVE THE 13100 FALLING TREND LINE AND 14100 HORIZONTAL RESISTANCE.  LONG TRADE WINNING PROBABILITY 80%.

POSITION:  LONG-TARGET 15000

 

 

 

S&P500-SPX

SPX IS BOUNCING OFF THE LONG-TERM CHANNEL LINE 3500 AND THE BOTTOM OF THE RISING WEDGE.  LONG TRADE WINNING PROBABILITY 80%.

POSITION:  LONG-TARGET 4150

 

 

 

NIKKEI

BOUNCING OFF THE LONG-TERM UPTREND LINE 25560. LONG TRADE WINNING PROBABILITY 80%

POSITION: LONG-TARGET 30500

 

 

 

 

NASDAQ

BOUNCING OFF  THE LONG-TERM UPTREND LINE 10400. LONG TRADE WINNING PROBABILITY 80%

POSITION: LONG-TARGET 12400

 

 

 

 

 

GOLD-XAUUSD

GOLD IS BREAKING ABOVE THE STRONG RESISTANCE OF 1680 AND EXTENDING HIGHER ABOVE 1750. LONG TRADE PROBABILITY 80%.

POSITION: LONG – TARGET 1920

 

 

 

 

 

COPPER

COPPER IS GOING FOR  A TEST OF THE LONG-TERM UPTREND LINE 3.2825 AND IS GOING FOR A 3.45 RESISTANCE WHICH IS BROKEN NOW. LONG TRADE PROBABILITY 80%.

POSITION: LONG-TARGET 4.600

 

 

 

 

 

WTI OIL

OIL IS RETESTING THE LONG-TERM SUPPORT AT 75. LONG TRADE PROBABILITY 80%

POSITION: LONG-TARGET 95

 

 

 

PROBABILITIES 20% LOW 50% NEUTRAL 80% HIGH WINNING TRADE PROBABILITY

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