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We expand on our April 15 idea (see chart below) on Gold (XAUUSD), where we discussed the 'necessity' for a medium-term technical pull-back based on its 5-year Cycles: As you can see that correction happened and the new Bearish Leg of the long-term Bullish Megaphone is well underway. The price got rejected both yesterday and on Friday on the 4H MA50 (blue...

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The Nifty 50 Index (NIFTY) has been trading within a Channel Up since late December 2023 and today it hit the April 10 2024 High. That was a Higher High for the Channel Up and the price immediately got rejected. Based on the 1D RSI, it may rise some more to its Resistance Zone before getting rejected but this sequence is very similar with the February 02 2024...

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The USDMXN pair gave us a strong sell signal last time we looked at it (February 19, see chart below): Now a new sell opportunity has emerged as it got rejected heavily at the top (Lower Highs trend-line) of the 2-year Bearish Megaphone pattern and is now trading mostly below the 1D MA200 (orange trend-line). According to the RSI fractal, this price action...

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Bitcoin (BTCUSD) is about to close today (unless the 1M candle closing is above 71500) the first red month after 7 green monthly candles in a row. The last month of losses was last August (2023) and since then we've experienced an unprecedented rally, fueled primarily by the ETF anticipation and then its confirmation. So is this alarming? Actually not. Sole 1...

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FTSE100 (UK100) hit today our 8150 Target, which we set a month ago (March 20, see chart below): Since last week the 1W candle closed (much) higher than the February 2023 Resistance, we see the pattern continuing its strong resemblance with the October 2022 - February 2023 Bullish Leg. The long-term pattern continues to be a Channel Up and its previous...

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Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below): Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even...

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WTI Oil (USOIL) made a solid (Higher) Low at the bottom of the Channel Up pattern and started rising as we discussed on our previous idea (April 22, see chart below): We now need to take it a time-frame lower to 4H as on Friday the market formed the first 4H Death Cross (4H MA50 crossing below the 4H MA200) in almost 7 months (since October 10 2023). This has...

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News quickly broke out that Tesla (TSLA) has received tentative approval from Beijing to launch its driver assistance software in China. This development occurred during a surprise visit by CEO Elon Musk to Tesla's largest market outside the US. Chinese authorities have agreed to allow Tesla to introduce its Full Self Driving (FSD) solution, leveraging mapping and...

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Bitcoin (BTCUSD) is about to test the bottom of the Bollinger Bands (BB) on the 3D time-frame for the first time in 3 months (since January 25). Right now the squeeze between the BB basis (blue line) and the bottom (green line) is extremely tight and since the start of 2023 this has been fairly accurate bottom call. The trend since the November 2022 bottom has...

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Amazon (AMZN) has broken and closed below its 1D MA50 (blue trend-line) for the first time in 6 months (since October 27 2023). Last time this happened, the stock had already begun the 2nd Bearish Leg (-18.83% decline) of the 2-year Channel Up. As a result, there's a real possibility for the stock to reach as low as the 0.382 Fiboancci retracement level and the...

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The S&P500 is approaching the 1D MA50 (red trend-line) to test it as a Resistance for the first time after the April 15 bearish break-out. It has already broken above the Bearish Megaphone, the 4H RSI has formed a Channel Up similar to the price action's and so far this sequence of events is fairly identical to the previous correction of August 2023. That...

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Gasoline (RB1!) is on a 3-day bullish 1D candle run after testing and holding the 1D MA50 (blue trend-line) this week for the first time since February 05. On the wider scale, this is the Bullish Leg of the 18-month Channel Down and it is approaching its top (Lower Highs trend-line). As you can see, the Bullish Legs of this pattern share a certain degree of...

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The USDRUB pair has bee trading within a Channel Up pattern for the past 5 months and yet again is testing the 1W MA50 (red trend-line). This is a highly important Support level as it has been tested 4 times in 2024 and held (even closed the 1W candles above it) on all occasions. Naturally, as long as it holds, we remain bullish targeting 96.8000 (1.236 Fibonacci...

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Palladium (XPDUSD) is in the process of forming an Inverse Head and Shoulders (IH&S) pattern as it approaches its 1W MA50 (blue trend-line), which has been unbroken as a Resistance since the week of October 10 2022. Once the 1W MA50 breaks, we will have a confirmed buy signal, whose first emergence was when the 1W RSI formed Higher Lows against the price's Lower...

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The USDSEK pair hit the 0.786 Fibonacci retracement level of the previous Lower High of the long-term Channel Down and has immediately reacted with a rejection. This rejection is the ideal short-term sell entry for a 1D MA50 (blue trend-line) test, which the current Bullish Leg hasn't tested since March 21 2024. Our Target is...

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Ontology (ONTUSD) is testing its 1W MA200 (orange trend-line) for the first time ever following a very impressive rally since the June 05 2023 market bottom. The 1W RSI was on a Higher Lows bullish divergence before the bottom, signalling the reversal to come. THe 1W MA50 (blue trend-line) has turned into Supportsince the October 23 2023 1W candle and no candle...

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Apple (AAPL) completed yesterday 3 straight green 1D candles, the longest such bullish streak in 3 months (since January 25). The rebound has been initiated inside the Lower Highs Zone that started after Apple's former All Time High (ATH) on January 04 2022. The are a lot of recurring patterns involved as well, with one being that the current Channel Down that...

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Bitcoin (BTCUSD) has successfully tested and held the Mayer Multiple (MM) Mean (red trend-line) and is now consolidating. As you can see by the green arrows, this is the point where historically the most aggressive part of the Bull Cycle begins, as even in the occasions where the MM Mean broke marginally (July 2013), the rebound that followed was even more...