DeGRAM

DeGRAM Updated 

UKOIL bounced off the resistance at 84.00 and the 127.2% fibo extension level. Price created the bearish harmonic pattern after breaking out of the descending channel. The current trend on the D chart is a pullback against the major trend. We anticipate a pullback and bearish move. ------------------- Share your opinion in the comments and support the idea...

DeGRAM

GOLD is currently trading in an ascending channel, making higher highs. It broke and closed above the resistance level at 2048, which became the support level. The market is consolidating following the bullish move. We anticipate a retest of the major resistance and a bullish move. ------------------- Share your opinion in the comments and support the idea...

DeGRAM

NZDUSD is moving in an ascending channel. The market has dropped from the major resistance level. The market is creating a bearish harmonic pattern, which is additional confluence. We expect a pullback from the resistance since the market is moving sideways on the 4-hourly chart. --------------- Share your opinion in the comments and support the idea with...

DeGRAM

EURJPY is approaching the upper border of the descending channel. The market bounced off the resistance level by making a pullback. Price action is printing lower lows and lower close, indicating a bearish trend. The trend is bearish , so the price is likely to test the support level . ------------------- Share your opinion in the comments and support the...

DeGRAM

GBPUSD broke and closed below the consolidation zone, which became the resistance level. The market created a resistance level, which is a consolidation border. Price tested this level multiple times, creating structure shelf. We expect a bearish trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!

DeGRAM

EURAUD broke out of the descending channel and is testing the resistance level. The market created the bearish harmonic pattern. The market overall is in a bearish trend.  Price is likely to go down from the resistance level and retest the channel border (support). We expect a bearish move from the conflunnce level. ------------------- Share your opinion in...

DeGRAM Updated 

AUDCAD is retracing back from the support level. The market created the selling opportunity at resistance and a 50% fibo level. Price action is making lower lows and lower closes on the 4-hourly chart. We expect a breakout pullback and continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!

DeGRAM

GOLD spiked up, tested the resistance, and pulled back, indicating the bears are in control. Price is testing the resistance level where price dropped before. It is coiling up. We anticipate a bearish move following a breakout of the dynamic support level. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!

DeGRAM

EURNZD made a pullback, and it's going down with a major trend. It is trading in the descending channel, making lower lows lower closes. There's a kill zone to short at the resistance level, 38.2% fibo level. We expect a bearish and complete completion of the potential AB=CD pattern. ------------------- Share your opinion in the comments and support the idea...

DeGRAM

GOLD broke the descending channel. It had higher lows. Price  is consolidating at the resistance, meaning there is no selling pressure. The market in anticipation of the US news report. We expect the price to move higher if it breaks above and closes above the consolidation zone. ------------------- Share your opinion in the comments and support the idea...

DeGRAM

GBPNZD completed the AB=CD pattern, which is essentially a complex pullback against the major trend. The market rebounded from support and a 141.1% fibo extension level. We expect a retest of the resistance level since the major trend is bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!

DeGRAM

AUDNZD created the nice equal highs. It is trading in an ascending channel and has bounced off the support level. The market is completely in the consolidation zone on the D chart.  We expect a pullback to support a 50% fibo level and move up to retest the equal highs. ------------------- Share your opinion in the comments and support the idea with like....

DeGRAM

GOLD tested the upper border of the channel and fibo cluster. The market created a bearish harmonic pattern at the channel border.  Harmonic patterns are prolific in consolidating markets. We expect a test of the 50% fibo support level and further consolidation until the new trend is confirmed. ------------------- Share your opinion in the comments, and...

DeGRAM

USDJPY moved above the descending channel, creating the AB=CD pattern. It broke and closed above the channel. Now it has pulled back to the 38.2% fibo retracement level. The market created a buy opportunity at the support level: break and retest. We expect a completion of the AB=CD. Breakout, pullback, and continuation trade. ------------------- Share your...

DeGRAM

DXY is in an ascending channel, making higher highs and higher closes. It is in the consolidation zone. If price pullbacks to the support level and the fibo 38.2% level, the market will probably go up to retest the consolidation zone. We expect the trend to continue and retest the highs. ------------------- Share your opinion in the comments and support the...

DeGRAM

The "boom and bust" cycle in trading is a period in a trader's journey when significant gains are followed by periods of significant losses, which can lead to financial consequences and emotional burnout for traders. Breaking out of this cycle is not easy but very important for long-term trading success. When a trader doesn't know what he or she is doing, but is...

DeGRAM Updated 

GBPUSD is trading in an ascending channel, making higher highs. The price is trading near the psychological support level of 1.27000. Price action printed a bullish harmonic pattern, and it's creating an AB=CD pattern as well. We expect a buying opportunity at the confluence level: bullish harmonic pattern and a 50% fibo level. ------------------- Share your...

DeGRAM

GOLD dropped from the resistance level, rejecting it. The market made a sharp move, then created a consolidation zone. The breakout of the consolidation might create another drop.  We anticipate a break through the consolidation zone. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!