Boeing loosing momentum and buyers are leaving the table
Due to the Coronavirus Oil has become a commodity with a high volatility. In this scenario the the market has lost momentum and will take a downturn
Mc Donalds seemed to be loosing momentum and heading for the summer lows again.
Volkswagen reaching the end of bullish move from the last two weeks and sets to drop to June levels due to fear of Coronavirus Pandemic as end of year approaches.
S&P 500 Set for another correction as fear of Coronavirus pandemic and end of year approaches.
Fear of the CoronaVirus DAX is loosing steam til the end of year
There is no more strength in this market and investors seem to be nervous as the end of year approaches.
Support Zone has been reached and a reversal might be imminent. Consolidation phase during November and the TP could be reached before the year is over.
There is a possible channel forming . Sell and buy Zones identified.
US Dollar is ready to break out of this wedge. Price has been pushed higher and higher until full contraction probably around December 19 or January 20. Supply got verified 3 times while all the demand zones seemed to be holding for the last 12 years.
Due to Fibonacci levels rejected the price might come down to 11357 by July 21th 2019
After a great rally usually comes a consolidation phase. Let the price come up all the way to 55. This might last until end of May or mid June. Once the buyers have left the table and no new buyers will be found the price will reverse back to the 47.30 price. The idea is that Oil will stil be in oversupply and production with non OPEC countries will pick up...
After Tuesday opening hours there will be a dip slightly below the demand level of 12064. Which then shoots up straight to the first supply bank around 12096 possibly even to 12124 the second or 12134 all depending on how greedy the banks might be after an Easter break. After the supply has been reached and many buyers have been lured into this the price should...
I think this is yet another failed breakout and the price will reverse all the way back to the support levels and will continue even lower.