The silver price has reached a temporary bottom. It can be assumed that the price will run into the range between USD 24 and 24.20 in the short to medium term. Note the overriding short scenario, which is unchanged so far. After reaching the range around / just above USD 24, a further decline in the silver price is to be expected.
Like the other indices, the S&P 500 also corrected sharply. This was an extremely impulsive wave that failed to produce any significant corrections. Therefore, it can be assumed that it is a fake impulse, which will soon be bought. It is likely that prices will surpass their previous highs and the area around 4,685 will be targeted. However, the S&P 500 should...
While the further decline of the gold price seems to be unstoppable, the bulls are already scratching their hooves. Today's trading showed that the sellers are pushing a lot of volume into the market to make sure that no buyer is left alive - only to initiate a reversal towards USD 1,950 as soon as possible. Please note that this is a setup for a position...
WTI has stabilized around a strong support zone and is making its way out of the short-term downtrend that was visible in the small timeframes. This allows us to take a long position with a target just above USD 86 and an RRR well above 3:1.
All hope seems lost for the bulls. The NASDAQ makes one low after the next, the bulls resign. This capitulation is what the market needs to turn around and make new highs. Please keep in mind that this is a setup for a position trade. On shorter time units, there may be other setups with better CRVs. The basic message of my analysis is that the NASDAQ will not...
Just mark my words: S&P around 4,570 until the end of August 2023. Let's see ;)
While more and more investors believe that a sharp price correction has already started and more and more retail traders are opening short positions on the indices, divergence indicators suggest that the VIX could fall soon. The H2 chart shows the formation of a symmetrical triangle - a trend continuation formation when the bullish trend is in place. The price of...
Where I usually use divergences to identify reversals, I can use the opposite approach with gold. Currently, neither the volume nor other oscillators point to a weakening trend strength. On the contrary, a bullish order block has recently turned into a bearish breaker block - a clear sign for further price declines. We are therefore opening a short position with...
AUDJPY shows a clear inverse bullish divergence in the Cumulative Delta. The nMike divergence oscillators also signal this inverse divergence. This can be interpreted as the bears going all in, but not being able to push the price any lower. Therefore, we see a clear long opportunity with an RRR of 1.3:1.
While the price of the NASDAQ continues to fall, increasingly clear divergences are building up: H4 shows a clear bullish divergence in the Cumulative Delta and an even clearer bullish divergence in the RSI. The RSI and its moving average are clearly pointing upwards. In our view, it is only a matter of time until the short starts a massive rebound. This setup...
Sellers are throwing everything they have at this drop, yet the GBPUSD currency pair is not reaching new lows. The result: a strong inverse bull divergence in the CumulativeDelta. The ideal opportunity to open a long position with an RRR of 1.9:1.
Long trade based on a CumulativeDelta divergence in AUDUSD. The target is the NWOG of July 31. The RRR is not particularly high at 1.15:1, but positive.
Due to a very strong inverse bearish divergence in the CumulativeDelta, it can be assumed that the NZDCAD currency pair will soon lose value significantly. The setup shown here offers a good RRR of 2.5:1.
QQQ show massive bullish divergence in cumulative delta. Bull run ahead! QQQ show massive bullish divergence in cumulative delta. Bull run ahead! We refrain from giving a price target, as the NASDAQ tends to head for the recent ATH immediately after a correction. If this is not the case, the price should at least reach 382 and close the gap there.
In USDCHF, we have a clear inverse bear divergence in the daily chart. A normal divergence is present in H4 and H2. Given the overriding trend, the direction is clear: further down!
The inverse bullish divergence in NATGAS suggests that the price of the important energy carrier will rise significantly soon. To that extent, this forecast harmonizes with the seasonality. As a first target, we therefore choose the order block at just under 3,800.
Has Tesla's success story come to a halt for the time being? A look at the cumulative delta in the weekly chart answers the question in the affirmative. It can be clearly seen that the buyers are not able to lift the share price above the high of September 2022 despite great efforts. At some point, the bulls will run out of steam and, old stock market wisdom,...
Amazon's strong quarterly figures were convincing, and the stock consequently shot up. But will the rise be sustainable? A look at one of the most important technical indicators gives little hope: The strong inverse bearish divergence in the CumulativeDelta suggests that Amazon stock will soon correct significantly. I am not giving a price target here, as the...