Bulls & Bears Fight Making Ranging Price Bulls need more power break resistance.if price can not break resistance price will decline again.
Happy Weekend fellows..cheers!!! .
Weekchart
Evening star on GBPUSDNice "Evening star" pattern formed on the Monthly resistance, in line with FIB 61.8 made lower high. As the rule of the trend we're about to see new lower low which I'm expecting to be at 1.42250 (confluence with weekly support and -0.27 FIB). Entering on the bearish close below the CTL on 4H.
usd jpy will take good shortas we see our chart it give us very respectful wave
we see that we have long before we see good short trend in D ( our target )
Happy Trading For All
Elliott wave analysis on oil (2016-01-31)Oil is in correction wave D and met a resistance at round 34.5.
The correction wave does not seem to complete from the bullish divergence of RSI. The bigger resistance is at around 37.7.
If 34.5 breaks, it will go up to 37.7.
For next weeks I would suggest to go long if 34.5 breaks and take profit at around 37.7.
If it rejets back from 37.7 afterwards, I will open a short position.
I have made a month chart and a day chart elliott wave analysis on oil in last weeks. This is a week chart analysis.
Month chart:
Day chart:
Good luck for everyone!
DAX: Bulls are you ready to go until 16.000?DAX weekly already begin to build a ascendant channel. A big up move will come in this next leg up. I can make a projection to 16.000 to achieve in the 1st Quarter 2016, many will call me crazy. For me this number (around) can be the Top of this HUGE Bull market.
