4H CHART EXPLANATION: On the last retest of the Resistance Zone price tried to break it but it couldn't and retraced. We consider that the long vision is still valid, so, if the resistance zone is broken we will consider taking long positions. However it is necessary to wait for a clear confirmation (candlesticks, pullbacks, etc.) MULTI TIMEFRAME ANALYSIS:...
Main items we can see on the 4HS chart a) Price has broken a major descending channel b)After the breakout, the price found resistance at 1.140 c)Currently, the price is on a consolidation wave, between the resistance level and a Support/Resistance zone at 1.135 Based on this we will wait for the formation of a corrective structure on this area, and then we...
1H Chart Explanation: - Price is currently on an Ascending Channel. - Price is against an important Resistance Zone. - Bearish Divergence on MACD. - If price breaks the Channel, it has potential to move down towards the Support Zone at 0,687. Check out our last prediction on this instrument in the Related Ideas! Also, there you will find our Top and Bottom...
4H CHART EXPLANATION: On this timeframe price is making a clear corrective structure on a pullback to the last broken Support Zone. If this structure is broken downwards, we expect the bearish movement to continue towards the Weekly Support Zone. MULTI TIMEFRAME VISION: -Daily: -Weekly:
4H CHART EXPLANATION: Price is on a clear downtrend making a corrective structure. We expect this movement to reach the Support Zone. MULTI TIMEFRAME ANALYSIS: Daily: Weekly:
Main items we see on the chart: a) Price has broken a Wedge formation b) After the break out, the price formed a pennant pattern c) Pennant patterns are considered continuation structures d) If the price breaks down the pennant pattern we will use Fibonacci retracement levels, to define our TP1 and TP2 Based on the previous items, if price breaks down...
4H Vision Explanation: - Price broke the Descending Trendline and started an up move. - It has potential to go up towards the Major Resistance Zone at 2,96767, being careful with the Middle Support Zones. - However, the Bearish Divergence on MACD could be anticipating a Pullback to the broken Resistance Zone that is now a Support Zone. We are also long in our...
4Hour Chart Explanation: - Price broke the Descending Channel. - It is currently on a minor Ascending Channel. - It has potential to move up towards the Resistance Zone. - After that, we think the down move may continue. Weekly Vision: Daily Vision: UPDATES COMING SOON!
4HS CHART EXPLANATION: a) Price is inside an Ascending channel since December 2018 b) Currently, we can see a small channel (dot lines) in which we will wait to see the resolution of that structure, we think it can bounce on the Ascending trendline or in the support/resistance zone. c) we will only look for long setups above 7.9450 because at that level the...
4H CHART EXPLANATION: At this moment we observe that price is facing a confluence zone between the top of the weekly descending channel and the previous max making a double top. The previous upside trend showed MACD Bearish Divergence at the last part of the movement, so we consider it is time for price to consolidate and make a correction. MULTI TIMEFRAME...
4H Chart Explanation: - Price broke the Bullish Corrective Structure. - Price broke the Weekly Descending Trendline. - Price made a pullback to the BCS and to the Descending Trendline. - Now, it has potential to move up towards the Fibonacci Levels at at 0,52996 and 0,53393. We are also long in our Long Term View. You can check our Top and Bottom Analysis on...
1H Chart Explanation: - Price broke the Descending Trendline and is currently on a Bullish Corrective Structure. - If it breaks it, potential to move up towards the Resistance Zone. Check out our Top and Bottom Analysis on the Related Ideas. Updates coming soon!
4H CHART EXPLANATION: a)Price has broken the descending channel, that was the main structure for all the previous bearish movement b)We can see similar behaviors in other currencies related to the dollar, that confirms the current bullish movement. c)We would be looking for a corrective structure ( Flag patterns / Pennants / Triangles ) on the current area,...
4H CHART EXPLANATION: Price is on a bearish trend since March '19. It seems that this trend is finishing, since price started moving in a range with some indicators showing bearish weakness. Regardless the GBP vision, our technical analysis on USD pairs are also showing weakness on the Dollar, so this vision is supporting the long on GBP/USD. We will wait for...
1 Hour Chart Explanation: - Price broke the Descending Trendline. - Bullish Divergence on MACD - Price bounced on the Support Zone. - Potential to move up towards the Resistance Zone at 0,70034. Check out our Top and Bottom Analysis on the Related Ideas. Updates coming soon!
DAILY CHART EXPLANATION: We observe that price broke strongly the Weekly Resistance Zone (now support zone) with the actual daily candlestick. At this moment it is facing the 1.272 Fibonacci Extension Level of the previous daily impulsive movement, and also the 1.618 Extension of a lower timeframe impulse (explained on the 4h chart). Due to this, price may...
Today we are going to explain the 3 different scenarios we have for E-MINI S&P 500 futures First, let's analyze the Daily chart. Main Items we can see there: a)Price is inside an Expanding Triangle, this type of structures are considered continuation patterns after the 5 waves inside are complete, now we have A/B/C/D and E is remaining, so by Elliott Wave...
Daily Chart Explanation: - Price broke the Ascending Channel in which it was in since 2017. - Price may have potential to go down towards the Support Zones. Weekly Vision: However, we found out that the Weekly Ascending Trendline have not been broken yet. That why we are waiting for a confirmation before taking long term positions. UPDATES COMING SOON!