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 AS LONG AS IT IS  ABOVE 13900

 

 

 

 

S&P500-SPX

SPX IS BOUNCING OFF THE LONG-TERM UPTREND LINE 3840.  LONG TRADE WINNING PROBABILITY 80%.

POSITION:  LONG-TARGET 4150

 

 

 

 

NIKKEI

BOUNCING OFF THE LONG-TERM UPTREND LINE 25560. LONG TRADE WINNING PROBABILITY 50%

POSITION: NO

 

 

 

NASDAQ

RETESTING THE LONG-TERM UPTREND LINE 10600. 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 3.7000 AND IS GOING FOR THE NEXT RESISTANCE 4. LONG TRADE PROBABILITY 80%.

POSITION: LONG-TARGET 4.600

 

 

 

WTI OIL

OIL IS RETESTING THE LONG-TERM SUPPORT AT 71. LONG TRADE PROBABILITY 50%

POSITION: LONG-TARGET 95

 

 

 

 

 

 

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

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