Eri_X

Eri_X

The trend ended up in a very tight corner. The price moved down to the support, and instead of going up and going to form a symmetrical triangle formation, it decided to suicide by dropping below the support line. Now is a matter of how many bounces is going to have during its descent.

Eri_X

Strong support at 116 value, much weaker the current one that the trend is fighting with. The possibilities could be 2. The price is rejected, so it will retest the resistance of the current downtrend (in light blue), or the price will break down, till the previous support (circled in green). Is easy to take a chance on this one. If it goes up, is up, if down is...

Eri_X

From a daily perspective, is clearly visible that the price is making an Head and Should formation, with the bottom on a very strong support. The first rejection of the support was excellent, the price moves to the lower Fib. value. This mean that the next move could be to upside, filling up the rest of the retracement values. For now is just about waiting for a...

Eri_X

Like in the past, Oil had a rejection around 50.47, during a major breakdown. The possibility that it can repeat is still there (mirror) . Waiting for future movements; if bearish, possible opening with high reward in long position.

Eri_X

Big head and shoulder pattern for the AUD/JPY has finally completed. looking forward for up price movement.

Eri_X

A very long Cup formation of the GOLD price movement the comes from 2012. Currently we are setting up the Handle pattern. Possible move to the up in the next weeks.