After the short term bullish rally above 4180, S&P500 then fell into corrective mode forming H4 bullish wedge in the process. Will this correction stays this simple "WXY" or develop into a more complex outlook in the future? For now, price is likely to retest the bullish order candle & if this is found to be strong enough, then the simple structure stands else, we...
There is a resistance level at 21800, and with bitcoin pullback; will there be reversal at this level for price to re-test recent high (at 24K and possibly above). BTCUSD monthly still bearish and price touch 18K later. N.B! - BTCUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments...
When NFP news wine down, gold will still re-test the swing high if the resistance is weak or strong! N.B! - XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
GBPUSD has created double top & a re-test of the bearish-order-candle likely to cause the pair to revert to its mean... N.B! - GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gbpusd #cableEEKLY
After many touches of USOIL and followed by rejection, the resistance level above 80.45 actually proved to be strong. Having created micro double top at the resistance level, USOIL is likely ready to re-test its support level. N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and...
Gold's pullback remains a BUY! N.B! - XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
Billionaire Ryan Cohen is reported to have built a huge stake in Alibaba which worth hundreds of millions of dollars and now pushing for the share buybacks. Alibaba Group on the other hand had spent $18 billion repurchasing its own shares in the third quarter of 2022 and was aiming to buy back $40 billion worth of shares in total, with the plan lasting until May...
With price rejection on the index observed last Friday, S&P500 bullish momentum is likely to extend into coming week which will cause the index to rally above the upper channel of the expending triangle. Another huddle for the index to overcome is the resistance at 4060 circa. Forecast is for the index to rise above the resistance level to re-test the swing high...
USOIL price closed above resistance level @80.48 last week and with increasing bullish momentum, price may likely re-test the next swing high observed @92! #usoil #crudeoil #wti #brentoil N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk...
A bullish weekly close on BTCUSD will establish the return of bullish sentiments in the crypto-market! NOTE: Bitcoin price might not actually follow drawn lines . Actual price movement may likely differ from the forecast. #bitcoin #btcusd N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
It's another bullish week for gold. Any pullback on the metal will then propel its price to re-test the April 2022 swing high at 2000 level. NOTE: Gold price might not actually follow drawn line; just a forecast. Actual price movement may likely differ #gold #xauusd N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After our December 18, 2022 post, it seems OPEC and allies are taking control of crude oil price. With oil price about to breakout from the corrective wave and resistance level; the price of this commodity is poised to hit another high... #usoil #crudeoil #wti #brentoil N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Bullish momentum has driven gold's price into Sellers' territory. However, bullish gold price and price actions so far indicate possible more room for price to move higher. A strong close above 1936 level with a further rejection of future pullback will indicate gold potential to create more highs. Dash line speculates possibility of "future" support level not...
After successfully forming inverted head and shoulders, S&P500 picks up bullish momentum and now on the verge of breaking downward trendline used to trace swing highs from early 2022. A break above "b" level of the A-B-C corrections will indicate possible potential of the index to re-test January 2022 swing high. IF perhaps the index then struggles breaking "b"...
There was inside bar price action on Wheat in the last 2 trading days at the support level. Will this cause more buyers into wheat? N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
GBPUSD! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Cable is now showing bearish outlook after breaking the ascending trendline trailing the pair bullish trend since Sept '22. Expected the pair to re-test recent high AND IF rejected, GBPUSD most likely will revert to its mean zone. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold's bullish rally likely to continue into January with another resistance level starring at gold at 1900! With a double top and break of swing low Sept/Oct 2022, gold structure on higher timeframe remains bearish... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades #gold