Price action trading patterns probabilities and targets

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DAX

DAX IS TESTING THE LOW OF THE WEDGE RANGE 12090.  SHORT TRADE WINNING PROBABILITY 50%.

POSITION:  NO

 

 

 

 

S&P500-SPX

SPX IS BREAKING BELOW THE LONG-TERM CHANNEL LINE 3800 AND IS REACHING THE BOTTOM OF THE RISING WEDGE 3600.  SHORT TRADE WINNING PROBABILITY 50%.

POSITION:  LONG-TARGET 4000

 

 

 

 

NIKKEI

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

POSITION: LONG-TARGET 27500

 

 

 

NASDAQ

TESTING  THE LONG-TERM UPTREND LINE 11000. SHORT TRADE WINNING PROBABILITY 50%

POSITION: LONG-TARGET 12400

 

 

 

GOLD-XAUUSD

GOLD IS TESTING THE LONG-TERM UPTREND LINE 1640 AND IS BOUNCING. LONG TRADE PROBABILITY 80%.

POSITION: LONG-TARGET 1740

 

 

 

 

COPPER

COPPER IS GOING FOR  A TEST OF THE LONG-TERM UPTREND LINE 3.2825 AND IS GOING FOR A 3.45 RESISTANCE TEST. LONG TRADE PROBABILITY 50%.

POSITION: NO

 

 

 

 

 

 

WTI OIL

OIL IS BREAKING BELOW THE LONG-TERM SUPPORT LINE 76. LONG TRADE PROBABILITY 80%

POSITION: LONG-TARGET 90

 

 

 

 

 

 

 

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

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