aluchan01

aluchan01

A break of this trendline would signify a challenge towards the previous ATH A bounce here would mean another retest of 1800s optimistically. I am inclined on 2070s though

aluchan01

Weekly has formed an overextended W structure. This pair is in real need for a retracement as it is overextended on weekly and daily timeframes. The only issue we have right now is that the market is supported by 2 trendlines. Plus we have a daily horizontal resistance on 0.701 area. Once those supports are broken. We might retest the previous monthly resistance...

aluchan01

I do not believe we would break 1860s that easily. Plus we have a W structure on GOLD. However im on a tight SL on 1875 Target is the previous area of consolidation.

aluchan01 Updated 

We have an impulse to the upside, retracing here should be good. We also have an overextended W formation on a weekly TF, another reason for shorting. On a weekly timeframe, we have a confluence of support on 0.382 fib + neckline. Thats the main target. My order on 46.2 got filled. (Lucky)

aluchan01

Gold bullish and has retested 0.382 Honestly, i still want to see it 0.5 Reason being, theres an unrelated candle previously indicating a demand zone. But we broke through it and is now currently a supply zone. That is where my shorts would be.

aluchan01

Weekly W structure. We must see a retest of 382 or the neckline of the W structure before we can make a higher high.

aluchan01

Market retraced perfectly on 0.5 of the fib. and weekly close showed signs of a bullish movement. I expect to have a higher high next week

aluchan01

We have an unrelated candle on the daily impulse. I expect market to retrace to the 75.1area or 75.5area (minimum!) before we could actually make a higher high. 75.1 would be best for longs.

aluchan01 Updated 

We have an overextended W formation on USOIL. While sitting below the 0.618 monthly retracement on a monthly timeframe. Waiting for a good confirmation for a very nice short trade.

aluchan01

M structure completed on euraud and is currently having bullish signs. Good targets are the fib lines. And preferably up to the neckline of the structure

aluchan01

Clear W structure on daily. Waiting for a retest to the neckline before we make a higher high.

aluchan01

Targets reached on long oppotunity. Trade closed. Now waiting for an entry for short towards 1837 or even 1760 optimistically. My targets are the correction of the monthly impulse. Necessary before we have another move up to break ATH

aluchan01

Pair is currently decelerating. Waiting for a good entry for longs. If we see lower than this, this will make the trade for longs better. Basis for long: Overextended M structure, bottom of RSI, Macd converging slowly

aluchan01 Updated 

Expecting to see a good rejection on the retest of the demand area for SPX. Blue lines were my targets from the shorts i made. Targets would remain the same on longs.

aluchan01

Setup is following the ideal route from the bearish divergence. First target hit. Next up are 26.6k and 25.5k

aluchan01

W structure completed. Waiting for a weakness to enter a short towards the neckline.

aluchan01

Waiting for more confirmation before making an entry. But it is looking good for a short with HS formed

aluchan01

I expect DOW to be rejected in the supply zone. Bearish divergence on daily. Still looking good for shorts. If we move down, we might complete a good M structure. Targets are daily supports, monthly 0.236 (26600area) and 0.382 (25000) of the monthly fib retracement.