Price action trading patterns probabilities and targets

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DAX

DAX IS BOUNCING OFF THE LOW OF THE WEDGE RANGE OF 12000.  LONG TRADE WINNING PROBABILITY 80%.

POSITION:  LONG-TARGET 13500

 

 

 

 

 

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 4100

 

 

 

 

 

 

NIKKEI

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

POSITION: LONG-TARGET 28500

 

 

 

 

NASDAQ

BOUNCING OFF  THE LONG-TERM UPTREND LINE 10800. LONG TRADE WINNING PROBABILITY 80%

POSITION: LONG-TARGET 12400

 

 

 

 

 

GOLD-XAUUSD

GOLD IS TESTING THE LONG-TERM UPTREND LINE 1620. LONG TRADE PROBABILITY 80%.

POSITION: NO

 

 

 

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 ABOVE THE MEDIUM-TERM SUPPORT LINE 83. LONG TRADE PROBABILITY 80%

POSITION: LONG-TARGET 100

 

 

 

 

 

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

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