expect big up from that big week support area in green inside green
Expect complete wave up before any further decline on Dax. Expect Also close the month above that green area i have drawn. No matter any decline im long as long as prices stay inside that area, of course any decline from there can be bearish, but not expected for this month.
Carefull taders wh expect bearish below the big gap. Gaps make support, and not allways clsoe completely, sometimes half and done. Sometimes they never close.... and people loose all they got because start sell on rise wich never ends... my recommendation with gaps, better wait, hedge and wait for the next day close, this way u stay protected. If u dont like...
NICE INVERTED H/S ALLMOST PERFECT WATING DAY CLOSE TO LONGTHERM LONG :D
we might have another retest of resistance before the big drop, this or next days
this same pattern repeats on all bearish crashes, or most of them u can find 2 trianfgles devided by middle sifeways, then boom down. if break low big drop 110300 - 109.300 today-monday sl at top of highest triangle.
If gold breaks 1220-1212 this month can make gold to colapse fast
Expect a decline below 0.76150 tgt 0.75970, followed by a strong up move to retest resistances 0.765 - 0.768 levels. Wich will be more ranging move so my view is for long. But u can safe short below 0.76150
Expect prices to tend be bullish following obamaCare failure for Trump, then start bearish trend. We have Strong resistnce still on week chart and prices can stay low or break it and test higher near the 112 pivot, from where, prices can start its decline towards the Old week support 110.300 - 109.300
Bottom of this area of prices stay at 46.98 any break lower can crash oil deep. Good news is this month is only testing deep, and prices this week will tend to go up, and retest 50+. Not expected break 46.98 at least this month. Longer therm if prices hold above 46.98 this year we can see a retest of 51-52 Next Month. So if we buy and target 49.5-50 we can be 98%...
longer therm is bull but this next week expect correction week
My sl is 112.000 tp 110.300
According to ZUP pattern software, you can find it by google, we are on strogn bearish pattern on m4... so my bearish view is not bad at all. Only problem with patterns, is that they tend to be too volatile, i dont like them.