SedleyMcCaulsky
This relatively unspoken of index is fast making a name for itself. VIX broke downward structure and came back to test support at 23.55. It is expected that VIX will push next week to at 27.36 before potentially continuing downwards
After spending the last 3 weeks consolidating gold broke out on Friday pushing to 1948 before retracing to retest the level at 1939.157 before pushing higher. target for gold is 1958.804. Trade safely.
Oil continued in its downward trajectory this week to complete painting a bullish flag pattern. Oil bounced off a key daily support and in the coming week should be looking to push to 102.88 a barrel before retesting at 98.50 before pushing to 107.52. Have fun trading guys.
EURNZD has been in a downtrend which is expected to continue after retracing to 1.58988 coming out of a 4h order block. Price is expected to push to 1.55131. Recommended Risk is 3:1 trade responsibly.
AUDCAD has hit a broken its downward trendline pushed up to an area of significant resistance and is presently retracing to retest the daily trendline and support zone before pushing up to the 0.97100 region. Share your thoughts guys!
Price went up to 116.262 before breaking out of a bearish wedge and retesting the previous high. The movement has presented the opportunity for a double top to be formed which will push UJ to at least 113.262. Happy trading and please drop a line.
This pair complete the 8 wave pattern by entering the order block at 1.27955 before breaking the upward trendline and retesting it at 1.27848. Price is expected to the 1.24800 block. Happy trading and drop me a line.
Nas has completed 7 waves out of the 8 wave Elliott wave move. It broke the trendline rose to 15200 then sharply pulled back to test new support at 14433 . It will push to 15800 before pushing back down.
After completing 5 waves out of 8 waves EU has spent some time in consolidation as orders fill. I expect a push to the upside breaking the previous downtrend line before retesting and pushing higher. We are in the corrective phase hence longterm bias is short but the current short term bias favours a long. Happy trading.
Short long after breaking structure and retesting in the daily trendline and pushing strongly out of an order block providing strong confluence for a long up to 0.73299. Let's hear your take guys!
USDCHF has been obeying a strong daily trendline since January 2021 with no current signs of breaking as yet. Additionally we have seen the completion of 7 waves out of the 8 wave move. The final impulse leg favours an upward push after coming back to test the strength of the trendline or bouncing from the 0.91752 level. Short term bullish bias up to 0.94000
Gold has just pushed up out of an order block off the 1760 level. The final impulse leg C should push to 1900. Short term bias favors a long
We are seeing a push off a daily trendline out of a major order block. We also have seen the completion of the corrective wave B and the start of the final impulse wave C that will push up to 1.8900 before renewing the downward move to the 1.8200s. Happy trading
USOIL has completed a 5 wave cycle and has broken out of a down in the first wave of its corrective phase. Once complete, oil is expected to fall from $82.11 per barrel to retesting the $64.11 block
GJ has completed the 8 wave pattern i.e. 5 waves plus the corrective ABC wave. GJ is looking to short after the christmas and may see the strong zone at 149.491 retested.