WTI is going to the hell after a short corrective wave to the upper resistance
GOLD after a good week reached its major resistance... it is more possible to touch the support bottom again then go up.. another reason is that DXY reached its support and possibly bounce back to the top...
to me, it is more likely to retesting the bottom...it takes much more time to move out of this hell for BTC...
Each upward or downward movement will end.. From my point of view the end is near for DXY.. clear divergence in weekly timeframe... overbye on almost all higher timeframe... reach a strong resistance of the massive channel... and a candlestick pattern which is near to complete... All of this sings warn us to be careful of possible pivot creation...
after massive melting of all currencies, I personally believe that it is time to change... GBPUSD reached its support and create an ending wedge.. as RSI is confirm that, a break out to the next resistance is possible...
DXY after a massive upward movement needs to correct at least to around 105, considering RSI on higher timeframe downward trend is inevitable... finally, an ending wedge has been created during last weeks and we are ready to short USDJPY after possible break out from downside...
Again SMS 200 and Massive trendline, due to crisis in EURO GOLD and XAG start strong upward movement but it seems that it reached the end, I know that the main trend will be UPWARD for the following year but another leg to the downside is inevitable..
As we anticipated dollar started another and its last impulsive wave... from now until touching the trend line dont trade FOREX paires at least dont pick buy on dollar just waiting until 98 and after that looking for SELL on dollar paires... this year dollar will go to the hell..
WTI has massive move throughout last couple of days because of some geopolitics reasons, but technical vividly warn us about a massive downward, a clear divergence is RSI at weekly timeframe simultaneously reaching the trendline resistance and over bought in lower time frame, all that said, if dont pick sell plz dont pick by
SILVER rejected from the trendline resistance with massive move and consolidate in this wedge and in my opinion near to the fed meeting it is going to break this wedge ad it is more likely to break from below... be careful and keep an aye on it.. it will be a massive move to
next week we have huge news and SILVER reached this massive trendline, every time it reached this trendline rejected heavily, so a short position here would worth it... as next week it is possible that federal reserve gets hawkish and it has major impact on commodity
despite buy pressure on WTI, it is ready to start at least correction to the downside, RSI in all timeframe say that, and price fluctuating in an ascending channel which breaking of this channel will be the start of the new trend... HENCE, LOOKING FOR BREAK OUT
RSI divergence in almost all timeframe, and reaching the resistance on trendline on RSI, and WTI chart seems to create a 3 drive pattern which is a pattern create at end of a trend as it was happen on BTC AT THE LAST YEAR.. so, a crash on CRUDE OIL is inevitable, however we should wait until creating a top which probably will be around 86 or 89... as it 85 is a...
Hello all... as we expected GOLD start a downward movement and it is not finished yet.. in my opinion it is just a retracement and it can go up to 60 percent of last wave even higher, hence, it would be a good opportunity to open a sell WITHIN THE RED BOX with stop above the last high...
as we expected GBP rise to the resistance level.. here as resistance cluster we anticipate a correction for absorb energy to breaking the trendline...
As I expected GOLD start a downward movement, of course there is no certainty in trading, however I wana share my point of view... in my opinion GOLD after finishing its 5 wave correction to FIBO 61.8, will continue its movement to the next support zone at least...
As I expected and mentioned earlier gold reached this level, here we have 61 percent retracement and horizontal resistance level, so I think it would reject gold to the support levels which shown on chart... KEEP THAT IN MIND that GOLD can go the last high then go down so manage your positions and stop loss... gold main trend on following year will be upward and...
from my point of view, a impulsive move to the resistance level( and off course final kiss to the massive trend line) will happen on following week.. consequently, It would make sense to go short to dollar pair and certainly GOLD... BE CAREFULL probably we are in the las days of the strength dollar, it is clear that the momentum is low, so do not open long without...