Andre_Cardoso

Andre_Cardoso

OANDA:WTICOUSD We need to shift to the weekly chart to better understand the potential downside for OANDA:WTICOUSD Crude Oil. Crude Oil has already broken below the daily, weekly, and monthly fractal support levels. The drop below the monthly fractal support at $65.65 has opened up the potential for a significant decline. With this key support level...

Andre_Cardoso

PEPPERSTONE:GBPAUD Setup Breakdown: The recent completion of a bearish Alt-Bat pattern suggests a potential shift in market dynamics, signaling a possible downside move. While buyers previously maintained control, the emergence of this harmonic pattern indicates exhaustion. If selling pressure intensifies, the price could retrace towards key Fibonacci...

Andre_Cardoso

TVC:DXY The DXY has broken below the 106.96 support, establishing a new fractal at 106.14 while testing the major April 2024 fractal resistance forged at 106.51. This price action leaves the dollar in a critical decision zone, with two main scenarios in play: 1️⃣ Bullish Scenario: If the dollar holds above the newly formed support and reclaims the daily...

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NASDAQ:AMZN The stock broke key support at $216.20, confirming the potential for a deeper correction. This move follows the completion of a Bearish Shark pattern at $227.76, reinforced by a strong bearish divergence that has been unfolding since late June 2023. 🔹 Bearish Scenario – Fibonacci Targets Below: The Bearish Shark pattern has a default target...

Andre_Cardoso

NASDAQ:MSFT The stock broke key support at $404.37 in yesterday’s session, signaling a potential for further downside. This breakdown confirms the breach of a major consolidation triangle that had been forming since the August 5, 2024 lows, following a sharp decline from $468.35. 🔹 Bearish Scenario – Lower Levels in Focus: With the triangle breakdown...

Andre_Cardoso

NYSE:HPE The stock is testing critical support at $20.55 , which serves as the neckline of a potential double top reversal pattern . The stock remains in a broader uptrend since March 2020, but the current price action is showing increasing downside pressure, putting this key level at risk. 🔹 Bearish Scenario – Breakdown in Focus: A clear break below...

Andre_Cardoso

FX_IDC:XAUUSD Gold is currently testing a critical resistance zone near $2,947, where a Bearish Crab harmonic pattern has formed. This structure suggests potential downside risk as price approaches exhaustion at this key level. 🔹 Technical Breakdown: 📌 Resistance: $2,956 📌 Bearish Crab PRZ (Potential Reversal Zone): $2,947 📌 Support Levels: $2,916 →...

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BITSTAMP:BTCUSD Overview We explore the key resistance and support levels, potential pattern formations, and what we should monitor in the coming sessions. Bitcoin appears to be forming an expanding triangle within the broader range of its weekly fractals. Additionally, there is the potential emergence of a double top reversal pattern . This pattern has...

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PEPPERSTONE:EURAUD PEPPERSTONE:EURAUD is now trading below the double top neckline/support , increasing the likelihood of further downside pressure. The default target for this pattern sits at 1.6276, aligning with the 200% Fibonacci extension. At this stage, we are closely watching the 1.6357 support level —a break below this zone could trigger...

Andre_Cardoso

PEPPERSTONE:EURGBP The pair is showing signs of weakness, with price action flirting with a potential break below 0.8265. If this level gives way , the pair could retest mid-December lows and the weekly fractal support at 0.8222. We may see the formation of a bullish Crab pattern, projecting a reaction near 0.8237, just above key support. Should this harmonic...

Andre_Cardoso

PEPPERSTONE:USDCAD The pound has just completed the AB=CD pattern on the 4-hour chart, precisely at 1.2671, a level I highlighted back on February 13. With this textbook pattern now fulfilled, a retracement could be in play, potentially sending the pair lower toward key Fibonacci retracement zones below 1.2541. This move also aligns with a possible retest of...

Andre_Cardoso

FX:GER30 Current Market Overview Explore the latest insights into the German DAX index with a focus on pivotal support, resistance levels, and potential trading patterns. Support and Resistance Levels Support at €21,105: This level acts as a critical neckline for a potential Head and Shoulders pattern formation. We should watch closely for any...

Andre_Cardoso

OANDA:SPX500USD The SPX500 is currently displaying notable divergence on the daily timeframe chart, highlighting resistance near $6121 while the critical daily fractal support teeters at $5920. Key Levels to Watch: Support and Resistance Dynamics: The index faces significant resistance at $6121. Meanwhile, maintaining support above $5920 is crucial to...

Andre_Cardoso

NASDAQ:GOOGL The stock has been in a consolidation phase since reaching its peak on December 17, signaling a period of indecision in the market. This range-bound movement offers traders a critical opportunity to monitor key levels, as these could indicate the next significant price move. Let’s break down the critical technical aspects: Support and...

Andre_Cardoso

NYSE:BBU The stock is currently trading at $21.55, just above a key support level formed by the lower boundary of an ascending parallel channel. This channel has been intact since the lows of October 2023, and the current price is testing this critical level. Head and Shoulders Pattern Formation A head and shoulders pattern is developing, suggesting a...

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FX:NGAS In this Idea, we'll take a closer look at the key insights for NGAS, with a focus on the long-term bullish outlook towards the $4.70 target, which has been in focus since January 2023. Focus on the $4.70 Target: Why It Matters While it’s important to track short-term market movements, we should not lose sight of the overarching bullish trend that has...

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AMEX:UUUU After reaching a low of $0.78 in March 2020, AMEX:UUUU has been on a recovery path. Currently, it's forming an inverted head and shoulders pattern, with the key neckline at $7.47. A breakout above this level could signal a move towards $9.73. However, watch out for the bearish alt-bat pattern near $9.73, which could lead to a pullback. Stay alert...

Andre_Cardoso

CME:GF1! The recent breakout of cattle futures contracts above the $245 resistance, which had held since October 2014, has sparked significant interest. However, before this upward trend can continue, there are signs that a pullback might occur. With intriguing technical patterns unfolding, the question remains: Will the rally hold, or could the market face a...