Corn The decline continues, since trading is less than the top of the B wave at 699.75 prices, and this decline continues to lower to the end of the III wave, targeting 585.75 prices in the medium term as well as in the long term
WTI, as always, did the same movement. Price broke the pattern, retested it and reached our supply zone.
Gold finally finished its "choppy" movement. What will happen now?
US30 perfectly went through our liquidity level. Once reached, the short happened.
G/U perfectly reacted to our key level. After reached it, the short happened!
As it can be clearly observed from the 3H timeframe graph, after breaking out of the ascending channel illustrated on the chart, the price has managed to re-test the area of the 0.618 Fibonacci retracement level and complete the break+retest pattern. At the moment, the price is trading within the borders of the rectangular range portrayed on the graph....
DB. commodity index We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started declining in waves (3). We expect prices to drop to 2.618% at 20.02, but for now,
soybean We expect a drop in the soybean commodity in the coming period since trading is less than the crucial point 1509. Currently, we expect to complete the correction in wave ((ii)), which may reach prices of 1471 or 1480 before declining again.
GOLD Volatility Forecast 19-24 Sep 2022 The current implied volatility is +-36.6$ from the current opening of the weekly candle, 1674$ With this in mind, we have a 80% chance that the market is going to stay within the range: TOP: 1711 BOT: 1637 At the same time, we can see that the average weekly candle, is around 1.5 - 1.75% From the technical analysis POV,...
WTI, after the breakout of the pattern, reached without any problem our target, the supply zone above it.
Gold, after a huge bearish trend, started a consolidation period. The consolidation period was our key level to identify a new possible trend. Price thanks also to fundamental analysis, started an uptrend.
the short move is started, and it is a great opportunity to move with it. good luck Arya The Trader
WTI, after the breakout of the pattern drawn, made a retest before the beginning of a bullish trend .
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for GOLD. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
WTI amazing setup. The price, once broke the pattern, made a retest on the demand zone before starting the uptrend.
It has formed a simple Head and Shoulder pattern in a 1 Hr time frame, we can look for retest entries in the lower time frame for going long. Here I went long at the retest of break out entry and booked 1:4 profit.
Wheat's setup looks great on the daily chart. Bouncing off of dynamic support (depicted in orange) nicely. MACD turning positive. Next target is 937'6. As always this is not financial advice. Good luck.
WTI has been amazing. After the breakout of the pattern, price bounced on the demand zone and a new uptrend started.