Daniel_Kostecki

Daniel_Kostecki

In previous analyzes of the German stock exchange index DAX, we pointed to the possible significance of the area of 8400 - 8500 points. An expansion of 161.8 percent measured for wave A as a potential extended target for the downward wave C was in this area. The market has tested this area and seems to be turning back. Therefore, in the best scenario for bulls,...

Daniel_Kostecki

It seems that the price of gold ended the five-wave upward impulse, which began in August 2018. This impulse wave could last until early March 2020. In turn, the potential target for a fifth wave also does not seem accidental, because this is the upper limit in the main upward trend channel. Meanwhile, its lower limit has already been broken. Hence, it is...

Daniel_Kostecki

The potential harmonic pattern has been creating on the weekly bitcoin chart. It is a structure reminiscent of Gartley pattern, where the CD wave stops inside the XA wave. In theory, this is a bullish harmonic formation that could herald a new upward impulse. It is also worth paying attention to the defense of support in the area of the lower limit in the...

Daniel_Kostecki

Looking at the chart of the futures contract for a barrel of WTI oil, we may spot that from 2016 to mid-2018 the first part of the large potential head and shoulders pattern could have formed. Then by the end of 2019, the right arm could appear. After this time, there was a strong decline in prices, which seems to lead to breaking the potential neck line in the...