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382

GOLD - Deeper correction coming!!FOREXCOM:XAUUSD had a nice $100 drop on Friday with a further correction likely of the next week, but with Inflation data & Interest rates this week it could get wild. Firstly i'm looking for a low to come in then I will look to Sell on the first decent PB. First target is the ABCD from the top @ around 2250 but then we could hit the 382 from the October low last year just above 2200. This is the key level for the bullish continuation. Enjoy the week. Shorter TF levels to watch posted later with points to watch this week.
FOREXCOM:XAUUSDShort
by L_F
ETH - Patterns and Time repeating??COINBASE:ETHUSD A long term look at ETH. Are we repeating patterns in time and price? After the 2018 top and 90+% drop there was a 382 rally which we have had from this recent low but this time we have hit it twice. There is also an ABCD pattern higher at 2200. If we look at time now. From the 2018 high to the 2021 high there are about 1400 days, so if we use that as a tool then could it be possible that this weak rally that is going on is coming to a near around the end of April with near 1400 days from that 2019 high?? If we go a bit deeper then we look at the next 70+% drop from the June 2019 high to the March 2020 Low that gives us a early Jan 2024 possible low before we go parabolic again.. Just a few thoughts on the longer timeframe using the same tools on a bigger outlook. I will watch this and see what happens over the coming weeks. Enjoy the week.
COINBASE:ETHUSDShort
by L_F
6
S&P500 - Bullish Corrective??OANDA:SPX500USD is starting to clean up and give us a real clue as to whats coming in the next few weeks. If its really bullish it needs to hold this 78% level and head up to new recent highs. Due to the drop in yesterdays session we now look lower towards the 4k level and even as low as 3980. An Ideal Scenario sees us getting a retest of 4100 which has been support through Feb and then dropping from here to the lower targets. Being a friday we look for a bullish day followed by Selling coming in next week. Also with Time and Price, if we go below 4030 before Wed 22nd then 4k will be the target. Key Date.. I hope this helps. Enjoy the Day!!
FOREXCOM:SPX500Short
by L_F
2
ETHEREUM - 2000 or 700?COINBASE:ETHUSD seems to be in the final stages of this correction. It mightve already topped out if we look at the Monthly AI or there could be one more high up towards 2000 to complete multiple patterns and the 382 from the April 3 High. Weekly AI has a High/Low late on the 9th of August. Keep an eye out for this to play out. If we are at a high then we will look for short opportunities and if its a low we will look for longs. A different look at the market. I hope this helps. Enjoy the week. 👍👍
COINBASE:ETHUSD
by L_F
1
CARDANO - ADA. Gartley completion.COINBASE:ADAUSD has completed a Gartley pattern to the downside. This is the first break from the ABCD running over the last 3 weeks. If this is going to be bullish then it needs to go higher past 0.64 and then 0.69 to start to look bullish otherwise it could be heading lower with the rest of the crypto market. For the Intra day we have an expected turn point at 15:00 so watch for a high into this time to sell or look for a low to buy. Ideally with an ABCD pattern. I hope this helps. Enjoy the day. 👍👍
COINBASE:ADAUSD
by L_F
2
XAUUSD - GOLD - At critical level!!A look at OANDA:XAUUSD this week and we find that we are still looking for more down side. There has been a 120+ point drop into 1872 and the first decent rally back has seen it stop right on the 382 and fall away into the 50-61.8% area from that rally. We are now at the point where we have 2 options. 1. It continues lower from here towards 1820-1830 completing the bigger pattern @ the 61.8% level from last years August low. 2. It bounces up from here back to the 1950 area where it would turn to create another ABCD pattern finishing at the 1820-1830 area again. The other option is that we break those levels and head towards the high 1700s, but I will look at that later once we get the info in to make that call. Also on May the 9th there is a Major CIT window which is likely to decide the direction for the rest of the month. So a move up into that time would start the move lower and a move lower into that date would see a reversal higher. Something to keep an eye on over the coming weeks. I hope this helps. Enjoy the week!! 👍👍
OANDA:XAUUSD
by L_F
1
🚨 ETH ENRTY (rangebound) - MAJOR MOVE IN 2 DAYSHELLO AGAIN TRADERS, As predicted in my last two posts, it is taking a few attempts to definitively break through the DOWS THEORY level (50% retracement) of $3124 and leg up into .5/6.18 range and continue the upward trend. As mentioned previously, looking left on our chart we see the last time we were rangebound in this area following the MAY 2021 crash, it took us nearly 12 days to definitively leg up into the next range between $3124 & the $3428 (.618 fib retracement). WELL, it has been 10 days that we have been attempting to break this overhead resistance and it is my strong belief that we are still in a bullish trend and should break through this overhead resistance in the next few days. The RSI is nearing oversold areas and the macro BITCOIN is still holding above $40k, which is the best indicator that we are still in a bullish range. ENTRY: RIGHT NOW First target: $3124 Second target: $3428 Third target: MOON IF YOU AGREE, PLEASE LIKE AND FOLLOW FOR FUTURE POSTS AND IDEAS!!! (THIS IS NOT FINANCIAL ADVICE)
BITSTAMP:ETHUSDLong
by CLTullmann
SPX SELL ABCD 3 DRIVEThe S&P500 is at the critical of 4800. At this level we have an ABCD completion from the mid May low. This is a major multi month pattern with the added confirmation of a 3 Drive ABCD at the same level. If we expect the same move lower as the previous September retracement then that brings our target to the 382 of the ABCD pattern around 4500 which is a Major level. At this level it could be good buying opportunity. We will see how the next few weeks play out.. A.I has a major Low/High in Feb but I will need to see how Jan plays out to see what it will be. I hope this helps.. Enjoy 2022!!
FOREXCOM:SPX500Short
by L_F
SPX To Retest Highs From Early June At .618 Fib Level To Go LongWe've seen a steady increas of SPX (S&P500) Over the last few weeks, This particular level is of great interest as it not only retests the highs from early June and is less than 20 pips from the 618 level of the fib retracement of the most recent higher high and higher low. All whilst still following the channel. If this comes to fruition, we could see a steady climb back of domincance in the SPX/S&P. Added Plus: President Trump speaks today after market close so we could see this news push it in the direction intended for these purposes. Really keep an eye out on this one. A lot will ride on it.
OANDA:SPX500USDLong
by BodiesXWix
Near term price action using fractals and POC analysis. According to my analysis, Bitcoin should breakdown sometime tomorrow or Thursday, testing demand at the previous range highs of about $8,350 and consolidating again around that level before a quick recovery back into the current range. A successful recovery would mean that it becomes highly likely that we break up towards the $9,400 levels, which is the .382 level from the 20k top to the 3k bottom. As you can see, in the white bubble I have drawn, Bitcoins breakdown last night was simply another typical test of the range low after failing to break the POC in its current channel. We just had a break back into the range which means that we will be testing the POC again ( point of control, which is the mid line in my parallel channels). Watch for fake breakouts of the range, we should get one within the next few hours, and another one sometime tomorrow. Currently scaling out of my alt coins, and looking to buy the bitcoin breakdown around $8,350. Remember, when Bitcoin starts to make moves, it could be because people are scaling back into bitcoin, which also means we could get another impending pump. Also, Litecoin typically pumps before bitcoin, so I might be looking to long Litecoin in the coming days on a successful recovery back in the current range, if indeed bitcoin follows my fractal play. This is not financial advice! Just a chart junkie babbling on!
by markmaking84
GBPNZD Reversed Off .382 Fib Retracement, Head and ShouldersHere we have an opportunity to sell GBPNZD after it reversed off the .382 fib retracement and formed a head and shoulders pattern, which has been confirmed with a bearish break of the neckline. At the current moment, you should wait for a better opportunity for entry as price is sitting on both a horizontal support (highlighted in green) and a ascending support (highlighted in blue) A better view of the blue ascending support level is shown here: We MUST break these two key levels for price to continue its move downward. Good Luck Traders!
Short
by AidanMDang
3
aud/jpy short set upOn the aud/jpy short set up, I see a potential bearish reversal. Price seems to be in contact with the resistance zone several times so I'm going to go ahead and suggest price will be driven lower hopefully towards the newly formed lower low. Fib shows 0.382/0.618 retracement depending if you've used the lower low body or wick. Delving into the lower timeframes, price has yet again touched the resistance zone forming a double top which should ALSO lead to a triple top if price decides to drop lower than the resistance zone. All this will be shown through pictures of the 4hr/1hr timeframe.
Short
by chiefcapitalfx
2