Oil is breaking higher but we need confirmation Oil is bouncing off the long-term trend channel bottom 75. Looking at the long-term monthly chart you can also see a long shadow candle form from this level and an extension higher above the falling wedge upside resistance 81.600. You can […]
Oil is breaking higher Read More »
Click on the chart image to enlarge it 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: THE PROFIT TARGET WAS REACHED. NO POSITION
Price action trading patterns probabilities and targets Read More »
NASDAQ was rejected from the falling channel top NASDAQ is rejected from the falling channel top 11700. This rejection leaves the instrument in a swing range between 11000 and 11700. A break below 11000 could open the retest of the October 2022 low. We need to see a break
NASDAQ is open to one more swing lower Read More »
Elliott Wave technical analysis with trading signals for Gold, WTI Oil, SPX, NASDAQ, DJIA NASDAQ We have a break below 13800, and 5 waves upside is finished. Nasdaq is now in the third wave of the five waves down. This count is valid as long the NASDAQ is below
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DXY is breaking below the H&S neckline DXY has broken below 104 and is extending lower. This confirmed break now could lead to an extension lower to the target 95. Now only a confirmed break above 104 could lead to a reversal higher and an invalidation of the extension
DXY is reversing lower Read More »
