marcyacoub

marcyacoub

Looking at GBP/NZD from a bigger picture, GBP/NZD finished 5 waves up and is currently trading inside its big ABC corrective cycle. Zooming in a little bit, we can spot a bearish continuation to the downside towards retesting the critical area around 1.8366. If the price manages to break below this area, then we expect further continuation for more downside...

marcyacoub

Looking at the 45 min timeframe, XAG/USD is currently trading inside an ascending channel which might signal a small reversal in the short-run. Additionally, we can spot a smaller ascending inside the bigger ascending and breaking this smaller channel may push the price towards retesting its beginning at $21.7400 which is going to be our first target for this...

marcyacoub

Analyzing Apple Inc. from an Elliott Wave perspective, the stock may have reached its peak at $183.00 and is currently looking for a deep corrective cycle. How did I spot that $183.00 may be the peak? By combining the Elliott Wave principle with the Fibonacci Extension tool, the price managed to break above the 100% level but not above the 161.8% Fibonacci...

marcyacoub

Looking at XAG/USD weekly chart, silver looks like it finished 3 waves up and is currently trading inside its corrective wave 4 near the 50% Fibonacci Retracement level, looking for a possible move up. However, the price broke below the 22.00 critical zone yellow, and not breaking above it again will keep silver under bearish pressure. If the precious metal...

marcyacoub

Simply, GBP/NZD reached a very high key monthly resistance area at around 1.9454 with a rising wedge formation on the 4H timeframe. Look for a great short opportunity as soon as the pair breaks out below the lower trendline. My 1st target for this swing trade is 1.92021. Breaking it will push the price for more downside towards 1.8954 and 1.8741. Breaking 1.8741...

marcyacoub

Looking at USD/CAD , from an Elliott Wave perspective, we can see that this pair may have finished 4 waves down with wave 4 being an ABCDE continuation pattern for more downside towards wave 5. Additionally, the price broke below the bearish continuation and is currently retesting its lower band. If the price manages to continue going down, our first target will...

marcyacoub

Remember when everyone was saying BTC to $100,000, I was the only one who sent a short opportunity at $67,000, yet turned out to be a brilliant trade. Looking at BTC/USD (weekly chart), we can see that BTC broke a very critical weekly trendline, retested it, and now it's looking like it is continuing its way down for more downside. From a price action...

marcyacoub

Drew this scenario 6 months ago and sent it to my community members showcasing a possibility of future rates hikes and that is exactly what ended up happening. Additionally, keep in mind that there is always a negative correlation between bond yields and bond prices and when rates go up, the shares 20+ will continue going down. Bond prices will plummet. Note...

marcyacoub

If you are part of the community, you definitely capitalized on the short position we took on US30 at the peak of the retest at 35876. From a technical perspective, we can see a beautiful ascending formation that was broken, got retested, and further continuation to the downside is expected. My first target will be the 33700 area. Breaking below this zone will...

marcyacoub

Looking at Gold (4H chart), we can spot a beautiful retest to the broken ascending formation at around the $1,821 area. Not breaking above this area could be a great opportunity to short Gold for a retest towards the $1,792 critical zone. If gold manages to go down and break below $1,790, we may see a continuation for more downside towards the beginning of the...

marcyacoub

EUR/AUD is retesting a critical Daily trendline with an ascending bearish formation that was broken. Currently, we are looking forward to capitalize on the retest for a short position targeting further downside for this pair. Targets for this trade: 1.5837, 1.5818, 1.5722, and the beginning of the ascending formation at 1.56030.

marcyacoub

Looking at EUR/NZD (4H chart), it seems that EUR/NZD has finished 5 waves up and is currently looking to start its intermediate corrective cycle. Additionally, wave v of (v) looks like an ending diagonal pattern which is considered a reversal pattern to the downside. However, be careful! Only execute the trade if the price ends up breaking below the lower...

marcyacoub

From a technical perspective, Gold may have finished 4 waves up (Grand Cycle), and looks like it is preparing for an impulsive wave for big wave 5 that is currently missing. Additionally, wave 4 looks like it has finished five ABCDE waves with wave A being complex WXY inside this triangular form which is also known to be a continuation pattern for more upside....

marcyacoub

Keeping it simple, GBP/NZD broke the ascending channel and is currently retesting it. Additionally, we can see that the price may have finished 5 waves up and started with its intermediate corrective cycle. Thus, staying below the trendline will be an amazing opportunity to sell GBP/NZD. Our first target is 1.94100. Breaking below it will signal a great...

marcyacoub

Looking at the 2H chart, we can see that USD/CHF finished 5 waves down (forming big wave 1) and is currently retesting the previous wave (iv) of wave 1 critical area with a triangular continuation pattern (intermediate wave 2). Not breaking above the 0.9264 area could be an amazing sell opportunity towards new lows for USD/CHF. Aim for 0.9207 as our first...

marcyacoub

After studying VIX's behavior for a long time, I've come to the conclusion that the VIX always consolidates creating a falling wedge formation before breaking out strongly to the upside while reacting to a certain event or economic news/data. Thus, the VIX managed to break this descending formation, retested it, and now looking to continue its way up for another...

marcyacoub

From a technical perspective, the price is currently retesting the lower weekly trendline that was broken in January 2021. Additionally, using the Elliott wave principle, it looks like we have finished 5 waves up for wave C which indicates that the big ABC upside correction may have come to an end and that it is time to see the Dollar continuing its way to the...

marcyacoub

Looking at Gold (4H CHart), the price finished 5 waves up and is currently retesting the previous wave 4 at around the $1,760 zone. As you can see, the correction was also made of 5 waves down with wave v as a leading diagonal or a falling wedge formation which is known to be a reversal pattern especially if the price doesn't manage to break below $1,760. Be...