AUDUSD, Massive Double-Bottom To Complete, Solid Potentials!Hello,
Welcome to this analysis about AUDUSD on the 4-hour timeframe perspectives. As I detected AUDUSD in recent times is showing up with a considerable formation that has a high likelihood to move into a great opportunity with solid potentials. Therefore as when looking at my chart we can watch there how AUDUSD moved on to build up above the 0.7 level and form a double bottom formation above this level now already bouncing several times in the range and forming the first bottom as well as the second bottom. Furthermore, AUDUSD manages to hold up above the 300-EMA as well as the 65-EMA and form a local triangle-formation above these zones. For now, there is a high possibility given that AUDUSD stays above this area and continues to build up above the main support-base marked with the blue box in my chart, in this support-base there are coming several supports together and increasing the possibility for a bounce in this zone especially as the point-of-control support determined by the most volume in the volume profile marked in red in my chart is holding up the whole bullishness in this range. Once AUDUSD manages to settle above the neckline as shown in my chart the whole double bottom formation will be completed and AUDUSD will activate the double bottom target zones. Once the final targets as marked in my chart have been reached the situation needs to be elevated again and AUDUSD needs to show how it continues from there on, for now, the whole double bottom formation has great ability to complete and point to the further determinations.
In this manner, thank you for watching the analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
Vinceprince
AAPL; Major Descending-Triangle, Main Potentials Given!Hello,
Welcome to this analysis about AAPL on the daily timeframe perspectives. When considering the individual stocks within the stock market we can watch very different developments currently with stocks such as PYPL or FB showing up with huge declines to the downside while there are others that are holding their ranges as also building up solid potentials. Therefore it is necessary to differentiate the market and look on where are potentials given. Therefore I detected the main formation forming with AAPL that can show a worthwhile opportunity in this market once completed. When looking at my chart now we can watch there how AAPL develops this major descending-triangle-formation with the coherent wave-count in the formation and the wave E remaining to be completed, besides that AAPL has great support in the structure established by the major support-cluster which is marked in orange in my chart, there are coming several supports together in this cluster and this is why there is an increased likelihood given that AAPl bounces in this cluster. When AAPL manages to bounce in the support-cluster and finally settle above the upper boundary of the descending-triangle-formation this will complete the whole formation and AAPL will set up for further continuations. Once the whole formation has been completed AAPL will activate the main target zone marked in my chart, once this zone has been reached the situation needs to be elevated again and AAPL needs to show if it manages to built up further from this point on, it will definitely be an interesting development and for now, AAPL is showing some great establishments that can convert into a fruitful opportunity.
In this manner, thank you for watching the analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
GBPUSD, Bear-Pennant To Setup Next Impulse!Hello,
Welcome to this analysis about GBPUSD on the 4-hour timeframe perspectives. In recent times I detected a pivotal formation developing for GBPUSD. As when looking at my chart now we can watch there how GBPUSD is forming this main bearish impulse development to the downside in which it just broke down below the ascending-resistance-line, this ascending-resistance-line was support previously and now it is a strong resistance. Below this line GPUSD is forming a bear-pennant as seen in my chart, this bear-pennant is signaling the continuation of the bearish trend. Once the pennant has been completed as shown in my chart this will be the setup for further continuations and GBPUSD will activate the lower target-zone as marked in my chart. Once this zone has been reached it will be highly crucial how GBPUSD continues from there on because when GBPUSD forms a next formation in this structure this will lead to the continuation into the bearish-continuation-zone marked in red, for now we need to see how the dynamic evolves.
In this manner, thank you for watching the analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
BERKSHIRE HATHAWAY, Massive Bull-Pennant On Huge Earnings Boost!Hello,
Welcome to this analysis about the Berkshire Hathaway Stock on the 4-hour timeframe perspectives. As I detected the stock has shown up with great earnings numbers recently with the earnings showing substantial percentages upward, besides that I spotted a main pivotal formation forming here. As when looking at my chart now we can watch there that the stock is building this massive bull-pennant formation with the coherent wave-count within already completed and the stock recently showing up with great bullish volatility penetrating the upper boundary and staying above the 100- and 200-EMA to mark them as support. The whole pennant will be completed when the stock finally breaks out above the upper boundary as it is seen in my chart, this breakout will activate the upper target zone marked in my chart between the 525000 and 530000 level. For now, there is a high likelihood given that this whole formation completes in the near future and once this happened the further volatilities as well as targets will be activated.
In this manner, thank you for watching the analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
EURUSD, It Is A Huge BROADENING-WEDGE-CONTINUATION-FORMATION!Hello,
Welcome to this analysis about EURUSD and the daily timeframe perspectives. If you never heard about a Broadening-Wedge-Formation I highly recommend to watch my tutorial about it to have a in-depth overview as EURUSD is forming such a formation:
Therefore, looking at my chart now we can watch there how EURUSD is in a broader downtrend with major lower lows formed in this trend, and EURUSD also setting up the further continuation formation now which is actually a massive broadening-wedge-continuation-formation as marked in my chart with the black boundaries. Within this formation, EURUSD has a coherent wave-count and the waves A to C are already completed. Now as EURUSD recently pulled back off this massive resistance-cluster which is marked in red in my chart where several resistances are coming together this is pointing to the final completion of the whole formation when EURUSD breaks below the lower boundary as seen in my chart it will be the origin for further continuation and approachment of the lower target-zone marked in black. It will be highly crucial on how EURUSD approaches this zone and if it manages to hold this zone or just sets up for further continuations because when EURUSD moves below this zone it will be the origin for a bearish extension, for now, we need to keep the bearish scenario in mind and do not underestimate it before moving to further conclusions.
In this manner, thank you for watching the analysis, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
AMZN, Decisive H-S-FORMATION, Setup For BROADER PULLBACKS!Hello,
Welcome to this analysis about AMZN and the 4-day timeframe perspectives. Since major stocks in the stock market such as PYPL or FB recently showed up with heavily increased volatility bearish pullbacks to the downside the advance-decline line of the whole averaged stock market is declining which means that a pullback in the other bigger market cap stocks such as AMZN is increasing the more other stocks follow these developments, this can also lead to increased volatility to the downside in which the whole market turns to the downside. Therefore it is necessary to do not keep this scenario from the desk and consider the technicals to rightly prepare and also possibly catch opportunities in this market environment. Therefore when looking at my chart, we can watch there how AMZN is now building this main head-shoulder-formation with the left shoulder and the head already completed. Now with forming the right shoulder, AMZN has a huge resistance within the main Upper-Resistance-Cluster which is marked in red in my chart, in this case, there is a high possibility given that from there on AMZN pulls back to the downside which will show the origin of final completion of the head-shoulder-formation. Once AMZN has completed the head-shoulder-formation bearishly below the neckline as seen in my chart this will activate lower target-zones shown in my chart at the 1980 level marked in black, once these levels have been reached it will be determining on if AMZN holds these levels or just sets up for a continuation. If AMZN breaks below these targets and into the Bearish-Continuation-Zone marked in red this will lead to a Wave-C-Extension down the line, in any case, it is necessary to keep the bearish perspectives in mind and be prepared on these dynamics.
In this manner, thank you for watching the analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
USDCHF, Massive BROADENING-WEDGE, Determinations Ahead!Hello,
Welcome to this analysis about USDCHF and the 4-hour timeframe perspectives. When looking at my chart we can watch there how USDCHF in recent times has formed this massive broadening wedge formation, in this broadening wedge formation USDCHF already completed the coherent wave count reaching from A to E, and with the completion of this wave count with the wave E USDCHF has shown up with this massive bounce off the lower boundary of the broadening wedge formation till the breakout above the upper boundary emerged. Now as USDCHF has shown up with this breakout this completed the whole broadening wedge formation and USDCHF from there on activated upside targets in the structure. In the next times there is an increased possibility given for USDCHF to bounce off the upper boundary as it is seen in my chart, in this zone USDCHF has also coherent supports determined by the 65-EMA in red and the 35-EMA in green, taking these factors into the consideration with USDCHF bouncing in these levels there is an increased likelihood given for USDCHF reaching out further targets in the structure especially as the high bullishness already settled there is good potential given for this determination, it will be an interesting development ahead.
In this manner, thank you for watching the analysis, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
SPX, Massive Breakdowns, Formation Completed, Crucial Sights!Hello,
Welcome to this Update-Analysis about the S&P 500 Index and the 12-hour timeframe perspectives. Since my last idea about the Index, the whole H-S-Formation that I mentioned has been finally completed and the Index heavily increased with bearish volatilities. The breakdown emerged after the FEDs announcement to possibly decrease their balance sheet which currently has a total balance of 8.7 Billion US-Dollar, also the FED is looking to increase interest rates, there was no action taken yet however the sheer announcement of it already caused turmoil in the market. Now the index already moved into the initial target-zone that I mentioned, if you did not see the analysis already I highly recommend it to watch as this one is building a coherent follow up on the previous analysis, therefore I am looking at all the important levels, upcoming determinations and structural formations we need to consider here.
Structural Developments:
As when looking at my chart we can watch there how the Index is now moving and testing the remaining supports at the 4380 levels which are also the first head shoulder targets nevertheless according to the high bearish momentum with which the Index showed up here there is an increased likelihood given that a bearish continuation is indicated. Therefore, currently, it is likely that the Index shows up with an initial bounce which moves on to test the 85-EMA in red and the 45-EMA in green which are currently still resistance. How the Index moves into these EMAs will determine upon the outcomes of either a bearish continuation or a reversal. Therefore when the Index shows up with an increased bearish pullback this will likely lead to a bearish continuation and wave C extension within the bearish continuation zone marked in my chart in red.
Upcoming Determinations:
When this does not happen and the Index somewhat manages to stabilize in the structure within the potential reversal zone there is also a reversal possible however due to the fact that the Index already heavily increased bearish volatility there is a higher possibility given that the bearish continuation will emerge. In this case, targets of 4150 to 4170 will be indicated. Taking these factors into consideration simultaneously it will be also important what the FEDs decision will be next week because when the FED comes up with a decision on increasing the interest rates this will be a high likelihood indication for further declines to follow up in the market. A similar indication will be given when the FED decides upon decreasing their balance sheet, such a development will lead to similar bearish causing, it will be a crucial dynamic ahead.
In this manner, thank you for watching the analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
SPX, Major H-S-Formation To Crucial Reversal!Hello,
Welcome to this analysis about the SPX and the daily timeframe perspectives. In recent times many indices within the market already showed up with precarious pullbacks in the structure that should not be underestimated so also the SPX. As when looking at my chart we can watch there how the Index is forming this major decisive head-shoulder-formation with the left shoulder and the head already completed. Now as the right shoulder develops in the structure this is a likely setup for the completion of this whole formation which will happen when the SPX finally breaks down below the neckline as it is shown in my chart. Such a setup will be the finalization of the whole head-shoulder-formation and the SPX is likely to follow up with a bearish continuation till reaching out to the 4.380 zone from where the situation needs to be elevated again. If the SPX in this case does not hold this level and do not shows up with a reversal in the structure the possibility of a continuation-setup increases in which the SPX will form a bear-flag or similar continuation formation. If this completes a continuation will move on within the bearish-continuation-zone marked in my chart in red. Currently we should not keep these determinations from the desk and be prepared on upcoming volatilities, it will be an important journey ahead.
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"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
FB, Precarious In Range, Bear-Flag Indicated!Hello,
Welcome to this analysis about the FB - FACEBOOK (META) STOCK and the weekly timeframe perspectives. Since Facebook rebranded itself to Meta it showed up with some declines that should not be kept by the side at this point and in the current structure, FB is showing a development that can be a pivotal indication for further bearish continuations downward. In this case now as when looking at my chart, we can watch there how FB initiated this wave-count with the first bearish impulse-wave to the downside with which it tested the 300 to 310 range together with the ascending-trend-line marked in dashed black. In wave-B now FB is building this main channel-formation in the structure in which it has a coherent wave-count and resistance within the upper boundary also matching with the 15-EMA in red and the 35-EMA in cyan. This now means that there is a higher likelihood given that FB pulls back off these resistance levels and when this happens a continuation will follow and especially an completion of the channel as a bear-flag will set up when FB pulls back below the boundary as it is seen in my chart. Once this whole channel has been completed as a bear-flag facebook will point the main dynamic-support-line and the target within the 250 level which will show completion of this whole wave-count after which further crucial developments will come. When FB manages to hold this structure and bounce in the support this can mark a important reversal otherwise when this does not happen and FB bounces below this zone it will show a bearish continuation in the red bearish-continuation-zone. For now we need to be prepared on upcoming volatilities and increased bearish price action before moving to further conclusions, it will be a important development ahead.
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"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
AUDUSD, To Complete Broadening-Wedge And Point Target!Hello,
Welcome to this analysis about AUDUSD and the 4-hour timeframe perspectives. When looking at my chart we can watch there how AUDUSD is building this huge broadening-wedge-formation in the structure marked with the blue boundaries. Besides that AUDUSD has begun with this major wave-count to the upside and the wave-A already established. The wave-B is now consisting of the broadening-wedge-formation and also a coherent local wave-count within this formation which already completed from A to C. Now AUDUSD is building up above the 100-EMA in red and the 200-EMA in cyan, above these levels AUDUSD is forming this confirmational-flag-formation. Once this formation completed with a breakout to the upside and AUDUSD continues to breakout above the upper-boundary of the broadening-wedge-formation this will complete the whole formation and AUDUSD will continue with this dynamic to reach out the target-zone marked in my chart, after that the situation needs to be assessed anew, it will be an important development ahead.
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"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
DXY, Huge Drop Incoming, H-S-Formation Completion!Hello,
Welcome to this analysis about the DXY US-Dollar Currency Index and the 4-hour timeframe perspectives. In recent times the Index is forming important developments that should not be underestimated as inflation pressures on fiat and there is an inflation rate never seen since more than 35 years the DXY is setting up for a dump to the downside. Looking at my chart we can watch there how the Index is building this main head-shoulder-formation in the structure, with the left shoulder and the head completed and now in the right shoulder the Index is forming this bear-flag-formation-channel of which the right shoulder consists. In this case now when the Index finally breaks down below the neckline this will show the confirmational completion of this whole formation and the Index will set for further continuations as well as activate the target zone seen in my chart. Once the target zone has been reached it has to be elevated how the Index moves further and if there comes a potential reversal or just a devastating bearish continuation, it will be an important development ahead.
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"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
NASDAQ INC, Precarious H-S-Formation To Complete!Hello,
Welcome to this analysis about the NASDAQ INC Stock and the 12-hour timeframe perspectives. In recent times we see inflation increasing to highs last seen over 35-years ago and the money press moving on like this is not a reality to consider. In fact, we should not underestimate the possible devastating outcomes that can conclude absolutely destructive in this economical situation especially when a black swan event happens. In this case, we see several stocks and indices turning to the downside so also the stock by the NASDAQ exchange in which I discovered a decisive formation right here. Therefore, as when looking at my chart we can watch there how the NASDAQ INC is building this main head-shoulder-formation with the left shoulder and the head already completed, now when the NASDAQ INC also completes the right shoulder and shows up with a pullback below the neckline this will complete the whole head-shoulder-formation bearishly to the downside and the NASDAQ INC will continue with highly bearish pressure down the line till the 179.5 USD level has been reached, when the NASDAQ does not hold this level substantially and pulls back below this zone this will lead to a bearish-continuation in the bearish-continuation-zone marked in my chart, for now, we should not underestimate the bearish alignments here and be prepared on upcoming increasing volatility, it will be an important development ahead.
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"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
DXY, Decisive Drop-Down Incoming With Pending H-S-Formation!Hi,
Welcome to this analysis about the US-Dollar Currency Index and the 4-hour timeframe perspective. The index in recent times moved into a highly decisive determination-structure and as I discovered is forming an important formation that should not be underestimated here. Therefore, as when looking at my chart we can watch there how the DXY is forming this huge head-shoulder-formation with the left shoulder and the head already completed, now the DXY is about to finalize the right shoulder which will complete the whole formation once DXY has formed the breakout below the neckline as it is marked in my chart. When the breakout and completion of the formation finally showed up this will lead to a bearish continuation and activation of the target-zone marked in red in my chart. Once these targets have been reached the situation needs to be elevated again and if the DXY forms a bearish continuation formation or manages to reverse, if the DXY just breaks below the target-zone this will lead to the bearish continuation right away. For now, we should be prepared for incoming bearish volatilities, and in this case, if the DXY increases bearishness this will be a bullish indication for antyciclical assets such as Bitcoin.
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"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
EURAUD, Broadening-Bear-Flag-Formation, How It Completes!Hello,
Welcome to this analysis about EURAUD and the daily timeframe perspectives. As I discovered recently in the forex market EURAUD is forming a important formation that is likely to complete within the upcoming times and show up with important determinations. Therefore, as when looking at my chart we can watch there how EURAUD initiated this main ABC-wave-count to the downside with the first major wave A already completed from where on EURAUD continued with forming the wave-B in the structure and within this wave-B EURAUD is now developing a main broadening-bear-flag-formation simultaneously. In this broadening-bear-flag-formation EURUAD has a coherent wave-count from A to C already completed and now approaches the upper-boundary of the formation from where a bounce to the downside is likely to come up. When EURAUD then moves on further to breakout below the lower boundary of the formation this will be the setup for the main wave-C to emerge in the structure and the further continuations till EURAUD reaches out the dynamic-target-zone marked in blue from where the dynamic needs to be elevated again. When EURAUD approaches this target-zone there is the ability given to a appropriate reversal, how this develops then needs to be shown, it will be an important journey ahead.
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"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
OMICRON And The Markets, NASDAQ Builds Massive Reversal-Pattern!Hello,
Welcome to this analysis about the stock-market-index NASDAQ and the 2-day timeframe perspectives. When considering the stock market overall and the current developments it has to be remarked that we are in a precarious situation as the real economy is still damaged by the corona pandemic which began last year, while the stock market recovered exceptionally and in a fast pace there are still many businesses suffering from the crisis and when looking at the current dynamic we can watch that with the upcoming omicron variant of the coronavirus it should not be underestimated that a dramatic increase of pandemic activity can also lead to shacky grounds in the stock market setting up for a much bigger bearish pullback. We also see accelerating inflation which in fact is a result of the huge amounts of money printed over the route of last year 2021 in which the money stock increased exponentially this gave fuel for this increasing inflation and therefore when it goes on like this the inflation can increase further, all these factors should not be kept by the side and as when looking at my chart we can watch there how the NASDAQ Index is building this main ascending-wedge-formation with the coherent wave-count within the formation and the waves A to D already completed, now with the last wave-E remaining this is likely to finalize the whole wave-count and move into the upper resistance-cluster from where a pullback to the downside will be highly possible, when this pullback sets up and the index moves below the lower-boundary it will be the confirmation of this whole ascending-wedge and the index will move on further to the downside to reach out the target-zones from where the dynamic needs to be elevated again, if the index forms a new bear-flag in this zone a bearish continuation is also possible.
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"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
DOW JONES; Main ASCENDING-WEDGE, Crucial Completion Incoming!Hello,
Welcome to this analysis about the DJI - Dow Jones Industrial Average Index. An important index in the stock market and as we have seen an absolute recovery since the heavy corona breakdowns that hit global financial markets at the beginning of the corona pandemic last year there developed unhealthy movements within the market as the stock market moved to the upside with a vast majority of indices while the real economy still not recovered that fastly and in this steep manner as it was the case in the stock market, in fact in many places the real economy is still heavily damaged and besides that there is a accelerating inflation going on that can be a source of a potential bear market to set up, especially when looking at this whole determination the possibilities for a pullback scenario are quite high in this measurement. Therefore, when looking at my chart we can watch there how the DOW is building this main ascending-wedge-formation which is certainly a bearish reversal formation and as the DOW already completed the whole wave-count within this formation and after that completion pulled off the upper-boundary there is not much remaining for a completion of this formation which will happen when the DOW bounces below the lower-boundary and from there it will be the origin for a continuation to the downside with the DOW pointing the 32500 USD level marked in my chart in blue, when this level has been reached the situation needs to be elevated again and the DOW needs to show if it manages to reverse from there on or just sets up for a bearish continuation to the downside.
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"There are many roads to prosperity, but one must be taken."
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USDCAD, Potential BULL-FLAG, How It Completes!Hello,
Welcome to this analysis about USDCAD and the 2-day timeframe perspectives. In recent times USDCAD showed up with an important first impulse to the upside which has formed the first wave A from where on USDCAD moved on to continue forming this main descending-channel-formation in which it is consolidating and established a wave-count reaching from wave A to C which has almost already completed. Now as USDCAD showed up with this great bounce off the lower-boundary to the upside and now continued with a breakout above the upper-boundary of the descending-channel. This breakout now completed the whole formation as a bull-flag-formation from where USDCAD has the ability to build up on and continue further bullishly to the upside. When this happens USDCAD will appoint the upper target-zones within the 1.34 USD level marked in blue, once this zone has been reached the situation needs to be elevated anew and USDCAD needs to show if it manages to continue further bullishly or firstly shows up with a reversal, it will be an important development ahead.
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"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
AAPL, Develops Paramount Channel, Potential Bull-Flag-Formation!Hello,
Welcome to this analysis about AAPL and the 3-day timeframe perspectives. In recent times AAPL is forming an important development as the zero interest rate policy by central banks is moving further and the money press is flooding the market with cheap money this comes around especially in stocks where we see new all-time-highs in several major stock indices and stocks while the real economy is still not growing in this similar pace. Therefore, with AAPL I discovered a pivotal formation that is likely to complete within the next time. Therefore, when looking at my chart we can watch there how AAPL is forming this massive ascending-channel-formation with the coherent wave-count within the formation and the waves A to D already completed. When AAPL now moves forward to finalize this whole wave-count with the wave-E it will also be simultaneously the origin of the whole bull-flag-formation likely to complete which will happen when AAPL manages to breakout above the upper-boundary. Such a breakout will activate the upper-target-zone at the 280 USD level marked in blue, when this level has been reached AAPL needs to show how it is moving forward from there, it will be a central development ahead.
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"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
AUDUSD, Develops MASSIVE Head-Shoulder-Formation, Objections!Hello,
Welcome to this analysis about AUDUSD and the 2-day timeframe perspectives. As I discovered AUDUSD in recent times is developing a massive decisive formation that will determine the upcoming establishments in a profound manner. Therefore as when looking at my chart we can watch there how AUDUSD is forming this huge gigantic head-shoulder-formation with the left shoulder and the head already completed. Now as AUDUSD proceeded with this it is continuing with the right shoulder which is likely to complete the whole formation which will happen with a breakout below the neckline as it is shown in my chart, such a breakout will be the origin for further continuations to the downside and will activate the lower target-zone within the 0.64 USD level marked in blue, once this level has been reached it has to be shown if AUDUSD manages to reverse in this structure or just sets up for a bearish continuation to the downside, it will be an important and interesting development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
S&P 500, Ascending-Wedge-Formation, Crucial Determination!Hello,
Welcome to this analysis about the SPX 500 index and the 2-hour timeframe perspective. In recent times the index moved into a crucial determination as it is already overbought on the higher timeframes I also detected this main formation here that is likely to indicate a decisive reversal in this whole structure. Therefore as when looking at my chart, we can watch there how the Index is building this main ascending-wedge-formation marked with the boundaries in black and the coherent wave-count within. In the ascending-wedge the Index has already completed the waves A to C and is now about to complete the wave-D on which the wave-E follows up, when this wave-E has been completed in the upper resistance-cluster marked in red this will be the setup for this whole wedge-formation to complete which will happen with a pullback and when the Index then finally marked below the lower boundary of the wedge it will be the origin for further bearish continuations to the downside and appointing of the lower target zone between the 4525 and 4540 zones, once this has been reached it has to be elevated if the S&P 500 manages to reverse in the structure or just sets up for further continuations to the downside.
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"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
AUDUSD, In Descending-Channel, Flag-Formation To Complete!Hello,
Welcome to this analysis about AUDUSD, we are looking at the 2-hour timeframe perspectives. In recent times AUDUSD moved on with important determinations as it pulled back in the structure and as I discovered how it is forming not only one decisive formation that will be an important factor in the next times. As when looking at my chart now we can watch there how AUDUSD has formed this major descending-channel-formation with a coherent wave-count within and the wave A already completed. Now as AUDUSD bounced within the lower boundary of the channel it moved on to develop this bear-flag-formation in which it has a wave-count within as well. When this wave-count has been completed and AUDUSD showed up with a breakout below the lower boundary this will mark the continuation to the downside and once this happened AUDUSD will point to the wave-count-target-zone marked in my chart in blue. Once this zone has been reached it will be decisive on how AUDUSD reacts into it and if there comes an appropriate bounce in the structure or not, when a bounce comes up this can lead to a great reversal and potential completion of this whole descending-channel with a breakout to the upside as well, it will be an important development ahead.
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"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
AUDUSD, Pullback Off Resistance, Likely Continuation Ahead!Hello,
Welcome to this analysis about AUDUSD and the 12-hour timeframe perspectives. In recent times AUDUSD showed up with crucial bearish encounters as it pulled back from this main descending-resistance-line in red and increased with bearish volatility after it. Besides, that as I detected now AUDUSD in this whole structure here is now forming this massive bear-flag-formation in which it has the resistance-cluster within and the coherent wave-count in the formation is almost completed. In the near future now as AUDUSD pulled back bearishly from the upper resistance-cluster it is likely that a bearish continuation will follow up in which AUDUSD approaches the lower-boundary of the ascending-channel and when this zone does not hold with AUDUSD closing below the lower boundary this will be the completion of the channel as a bear-flag and AUDUSD will move on with further bearish continuations to approach the initial bear-flag-target-zone marked in blue in my chart, once this zone has been reached it has to be elevated if AUDUSD manages to hold this zone and back-up or it just sets up for further movements to the downside, it will be an interesting journey ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.