DRDollFace

DRDollFace

This forex pair has made a nice inverted H&S on 4h. TM. If the neckline will hold possible to add long ,it could retest above146.000 levels. I do not like, that so far it have rejected purple marked zone, where is previous low and current new resistance ,if it will fail to sustain above we may see another dip. Daily chart is starting to show a bullish divergence...

DRDollFace

At 4h.chart copper is in consolidation zone atm. There is a potential ABC pattern upwards and potential DT downwards. I am waiting for a breakout to one or another way. Possible scalping between two red zones I have marked.

DRDollFace

4h.time frame had a breakout of the descending wedge ,also if you will take a look you will see that there is a fully formed diamond pattern. Those two patterns are bearish sign, so could be a retest of the wedge and then further move downside. But keep in mind that so far it does look also as a perfect Elliot Wave. I have marked wave 5 with a target of red...

DRDollFace

Copper has made an inverted H&S,if this pattern will succeed I have marked possible targets. Longs only if the neckline will break and price sustains above it. So far it has broken immediate downtrend.

DRDollFace

Next week should be interesting for oil. So far it have finished last wave of EW witch happened to match top of the ascending wedge and retesting point of the trendline. Possible correction to red zone what I have marked and a breakout to a HH,or it just going to carry on with a rally towards north. I'm quite bullish on Oil, I think on bigger charts it really has...

DRDollFace

Forex pair has formed a descending wedge. Even if this pattern considered bullish - there should be a strong breakout. If black marked zone will become a support - possible to enter long, if there will be a rejection - price most likely will drop where it was.

DRDollFace

Cocoa potentially is making EW. So far it have made wave 1 and correction ,now it's potentially on wave 2. Immediate downtrend was broken- retested and price bounced to north. On daily chart price is staying in the symmetrical triangle. I would like to see on 4h.chart price sustained above ema200. Cocoa is driven mainly on fundamentals, so price jumps could be...

DRDollFace

Descending triangle is getting narrow ,soon should be a breakout to one of the sides. I have shared 3 posable scenarios. One bearish and two bullish. I would like to think that EurUsd pair will have a breakout towards north. So far price have defended 0.5% of fib retracement, what matches ema200 as well. There could be not only a descending triangle, but perfectly...

DRDollFace

4h.TF has made inverted h&s, so far a successful breakout we saw, possible buying entries if neckline will be retested and price will sustain above it. Also please keep in mind that finally it have a breakout of the downtrend channel. So far all the charts turning into bullish . Daily is also forming a morning star. This month targets could be 2.4-2.7$

DRDollFace

We can see that so far Oil is forming a symmetrical triangle, breaking downwards could make a bearish pennant - in that case price could well drop to 67$,if it would break upwards - we could see a recovery. So far Crude on 4h.TF staying above ema20 what indicates a strong trend. I have shared few possible scenarios.

DRDollFace

Possible W recovery. Daily has made hammer, rsi also is forming a bullish divergence

DRDollFace

Hourly chart has a good chance to form a DB, there are two possible different scenarios. Daily twice have rejected ema200, so there is a chance for silver to recover slightly.

DRDollFace

On daily chart Silver has made DT, next week neckline should reject for a further drop. Once a bearish pennant will break downwards, possible short entry on retest.

DRDollFace

Next week's short trade possibility. Technically making descending wedge , breakout could take price towards 2.100. Also it could be a short term trend reversal as diamond pattern is forming too. Fundamentals need to support technicals.