Price action trading pattern probabilities Indices, commodities

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DAX

IN THE RISING WEDGE AND TESTING THE BREAKOUT 12000. PATTERN RISING WEDGE. SHORT TRADE WINNING PROBABILITY 80%

POSITION: SHORT TARGET 11750

 

S&P500-SPX

BACK IN THE RISING WEDGE. PATTERN RISING WEDGE. SHORT TRADE WINNING PROBABILITY 80%

POSITION: SHORT-TARGET 2980

 

 

NIKKEI

RISING WEDGE BREAKOUT TRIANGLE CONSOLIDATION. SHORT TRADE WINNING PROBABILITY 80%.

POSITION: YES. TARGET 20910

 

 

NASDAQ

TESTING THE STRONG CHANNEL RESISTANCE LONG-TERM BROADENING WEDGE 10800. SHORT TRADE WINNING PROBABILITY 80%

POSITION: SHORT-TARGET 10000

 

 

GOLD-XAUUSD

TESTING THE UPPER RESISTANCE OF THE RISING WEDGE 1800. PATTERN RISING WEDGE LONG TRADE WINNING PROBABILITY 50%

POSITION: NO

 

 

COPPER

TESTING THE DOWNTREND CHANNEL RESISTANCE 2.80. PATTERN RISING WEDGE SHORT TRADE WINNING PROBABILITY 80%.

POSITION: SHORT-TARGET 265

 

 

WTI OIL

BREAKING THE RISING WEDGE 39.80 RESISTANCE. SHORT TRADE WINNING PROBABILITY 50%

POSITION: NO

 

 

GENERAL MOTORS-GM

BREAKING BELOW THE BEARISH FLAG 26.50. SHORT TRADE WINNING PROBABILITY 80%

POSITION: SHORT – TARGET 20 AND BEYOND

 

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

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