The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
It looks like wave X is finished. However, as long as we see too much overlap in the move up, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
It looks like wave X is finishing. We might be working on the final swing of the corrective move down.
It looks like wave W is finished and we can now see further downside as a wave X. It looks like wave X is missing two more swings to finish as a wxy structure.
For traders (lower timeframe): It looks like wave W is finished and we can now see further downside as a wave X. For investors (higher timeframe): In the higher timeframe, investors should wait till the higher degree WXY correction is finished.
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
dear fellows, we believe USOIL to fall in the near term. this would allow US10Y to fall, as well. as a consequence, EUR, GBP, JPY would rise against the USD. finally, it would lead these respective stock market indexes up. best regards.
UK100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 7647.16 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 7700.00 which is a level that sits above a Fibonacci confluence i.e. the 61.8% retracement and the 100.0% projection levels. Take...
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
Today's focus: UK100 Index Pattern – Continuation Pattern Support – 7629 - 7588 Resistance – 7720, 7916 Thanks for checking out today's update. Today, we have run over UK100, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The primary focus of today's look at the UK100 is the current...
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. It looks like the upward ABC correction is mature.
This is a macro outlook into late 2024. On the above 3-month chart price action has been trading under resistance since 1999. A significant development has now occurred. That resistance after 22 years has confirmed as support. Isn’t there a recession coming? Since the UK imposed economic sanctions on itself in 2016 (A world first believe?) there is a growing...
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
In this video, we undertake an extensive examination of the US100. In recent time frames, the NASDAQ has experienced significant bullish sentiment, leading to a substantial surge toward a crucial resistance level. Throughout the video, we explore the potential for a trade opportunity involving the FTSE. This analysis is based on a thorough evaluation of price...