Price has been ranging between $35k & $45k, the more $35k rejects price the stronger it becomes. Making $45k weaker and easier to break. Price has been traveling inside this ascending channel since Q1 '22, I'm more interested in the resistance than the support of this channel because if price breaks above $45k it'll be easier to break above the $69k ATH. As...
Price started out with a Descending Wedge Pattern at the beginning of 2021, the breakout enabled the bulls to push price 30% higher to $57k from $41k. Seven months down the line and we're back where we started, $30k. The bears really tried their best to break below $30k but they just kept on liquidating their accounts & while all this was happening a 2nd desc....
I expect the greenback to head further downward to the 89 level.. how long will it take? I sincerely do not know but meanwhile it drops, I can guarantee that any asset class that was exchanged for USD will skyrocket in price.. whether it's XAU/USD, EUR/USD or DOGE/USD.
The dollar will just keep on losing it's purchasing power, no matter what.. the more stimulus is printed then the more the Almighty Dollar's buying power declines. Gold is ready for yet another shocking BULLISH MOVE, +$3 000/oz. Good thing my charts are self explanatory, should anyone anywhere around the world not understand a single thing about me Gold chart.....
Price made a peaceful retest on its break above this bullish pattern; Descending Wedge. From here on, the bulls will be responsible for driving price up to the 0.92250 region.
Price reached the 1.20000 terrain for the first time in 2years. A break out of this channel is surely promised, time & price action are responsible for delivering this promise. Albeit I remain neutral by trading within this channel. Since price broke below the dynamic support within this channel, the bears are ought to guide price further downward to the...
Price is ought to break below this bearish pattern, heading further downward to the 109.750 terrain. This is a 700+ pip move!
The bulls will resume momentum and head on up to the 0.70 terrain
I will be waiting this one out while watching 1. The $2 400 support, 2.The 11year trendline & 3. The $3 386 record high. Any violation by price at these 3 crucial levels will be an indication of the next big move, the waiting game is the only low-risk game to play right about now.
Bearish Harmonic Deep Crap Pattern on the H1 chart. I expect price to continue moving downard in respect of this pattern. A break and close below this dynamic support will enable the bears to push price down to the 1.38750 double bottom bull terrain.
The 0.91250 is the weekly chart's resistance, a very strong resistance at that too. Apologies on not posting it but please, do check it out yourself and you'll see what I'm talking about. This H1 Flat Bottom Triangle pattern confirms for us that the bears are indeed back in town. A break and close below .91250 will be the bears expressing their willingness to...
Yes, I am bearish on Pound pairs but I am also versatile to bullish presence. This is clearly a bullish pattern; Descending Wedge. A potential 200pip is loading.. once price breaks above 1.22500 then the 200pips will be ready to deliver. The bulls are ought to drive price up to the 1.24500 bear terrain.
This is a simple support and resistance analysis. A break below 1.18250 will be the trigger to the emerging 600pip move. Time & Price (especially price) will be our guide through this one. Heavy bearish momentum around 1.1825 will confirm everything. The bears will be responsible for driving price down to 1.11250.
As long as price remains below 1.72 then more lower lows are emerging.. until the dynamic support down there by the 1.68 terrain.
As seen on chart, 0.885 has been quite a very solid resistance along with its ranging buddy, the 0.86750 support. But now, it seems like price is ready for a breakout of this range.. a bullish breakout that is. A break and close above 0.885 will result in a push higher to the 0.90750 terrain.
Ascending Wedge Break & Close Below A break below 1.67 will enable the bears to push price further down to 1.655
Ascending Wedge (Bearish Pattern) 5 Impulse Wave Complete The bears are ought to push price down to 1.39 starting next week.
On this H1 chart there is a bearish pattern that has formed; An Ascending Wedge. (Along with bearish divergence) Price recently broke out below this pattern, after price breaks below the local support.. the bears will be responsible to drive the spx's price down to the $2 205.00 recent bottom.