dscharalampidis

dscharalampidis

GBPUSD has completed end ending diagonal and it is now bouncing after the initial drop. Despite the sharp bounce the pair is stuck against resistance and soon a match larger decline will follow. I am selling at market price 1.3370, with stops at the recent high 1.3530. My target is at 1.2850 Although price may move much lower.

dscharalampidis Updated 

EURUSD has been in a consolidation for quite some time now, but the recent price action suggests that a breakout to the upside is in the making. Various support & resistance reactions can be seen on the chart with rectangles and a channel. A break above 1.18 will suggest a continuation of the rally started in the beginning of the month which will drive prices much...

dscharalampidis Updated 

If you are looking for some shorts in US equities, TSLA is a good choice. The stock has confirmed a corrective Elliott Wave pattern and it is about to continue lower to complete it. Shorts are favoured on today's market open (2020-10-29) with a massive target at $295. Stops are places at wave B high at $465.

dscharalampidis Updated 

Precious metals are moving sideways for the last 30 days or so, unable to establish a clear direction. Silver, in particular, shows overlapping price action which suggests that the preceding immediate trend will continue. During the last few weeks, prices moved well within an upsloping channel. Looking at this channel we can see how well the mid-price of this...

dscharalampidis Updated 

Ever since it reached an important top at the psychological level of 1.20, EURUSD has been choppy and produces overlapping waves. There is no clear direction in the short term, however, the bull trend remains valid. Given the above, it is highly likely that the euro is about to form a triangle. Triangles are classical, corrective, but trend continuation...