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S&P500 is rising on its MA50 (1h) which has been holding for the 3rd straight day. On Wednesday it formed a Golden Cross (1h), a standard bullish signal on the previous 2 Channel Up patterns since the August 5th bottom. Trading Plan: 1. Buy on the current market price. Targets: 1. 6100 (+7.20% rise, similar to the previous Channel Up). Tips: 1. The RSI (1h) is...

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EURUSD got rejected today on the MA50 (4h), after the price bottomed yesterday near the lows of the Channel Down. The rejection could technically be a final buy opportunity similar to the October 25th rejection, which lated resumed the uptrend and completed a +1.64% bullish wave. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08550 (+1.64% from...

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Gold broke today under the MA200 (4h) for the first time since August 7th. So far that hasn't invalidated the 5 month Channel Up, in fact today's low makes a perfect Higher Low for the bearish wave. Trading Plan: 1. Buy on the current market price. Targets: 1. 2845 (+7.31% rally, which is the lowest it has so far inside the Channel Up). Tips: 1. The RSI (4h)...

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USDCHF is trading inside a (1h) Channel Down with the price currently rebound after a bottom test. This is a short term buy signal that will be confirmed upon a MA50 (1h) break out. Trading Plan: 1. Buy if the MA50 (1h) breaks. Targets: 1. 0.86650 (+0.67% rise like the previous three rallies. Tips: 1. The RSI (1h) is already over its MA trend line. Possibly an...

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Tesla crossed above the Falling Resistance on the (1h) time frame. The current MA50 (1h) rejection is serving as the last buy opportunity after the break out. Trading Plan: 1. Buy on the current market price. Targets: 1. $265.00 (Fib 0.786). Tips: 1. The MACD (1h) is on a Bullish Cross. The previous one drove the price to as high as 273.00. Please like,...

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Dow Jones is trading inside a Channel Down since October 21st. Following the rejection on the MA200 (1h), it started the new bearish wave. Trading Plan: 1. Sell on the current market price. Targets: 1. 41400 (-2.70% decline like the first bearish wave of the Channel). Tips: 1. The RSI (1h) is also printing a Rising Support pattern like the one during the...

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EURUSD is trading inside a Channel Up. The price has falled by -0.55%, same amount as the October 25th-28th pull back. That was a short term buy opportunity that targeted the 0.786 Fibonacci. The MA200 (1h) is supporting just below. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08750 (Fibonacci 0.786 level). Tips: 1. The RSI (1h) is about to...

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Nasdaq is trading inside a Megaphone pattern on the (1h) time frame. The price is very close to its bottom, which starts to signal a buy. Each of the previous two bottom rallies, hit at least the 0.786 Fibonacci level. Trading Plan: 1. Buy on the current market price. Targets: 1. 20450 (litle under the 0.786 Fibonacci level). Tips: 1. The RSI (1h) turned...

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WTI Crude Oil hit today the 7 day Falling Resistance. A break above it will be bullish as that has been the case on 2 similar patterns previously. We are ahead of a Golden Cross (1h), which on the 2 previous patterns, has confirmed the uptrend. Trading Plan: 1. Buy if the Falling Resistance breaks. Targets: 1. 77.50 (Resistance 1). Tips: 1. The RSI (1h) is...

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GBPUSD recently broke to the upside the former Channel Down of October and a Channel Up emerged from it. It already formed a Golden Cross (1h) today, technically a very bullish pattern. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.3035 (top of Channel Up) Tips: 1. The RSI (4h) is on low enough levels again to justify a technical buy. Please...

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USDJPY is trading inside a Channel Up. The price is repeating a 3 phase rise of cup patterns whose next High is on the 1.236 Fibonacci extension. We are currently on the new 2nd cup phase. Trading Plan: 1. Buy on the current market price. Targets: 1. 154.250 (1.236 Fib). Tips: 1. The RSI (4h) is also on a descending channel similar to the early stages of the 3...

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Gold has entered a consolidation phase through a Rectangle pattern that is almost identical to September 26th - October 8th. The MA200 (1h) hasn't been tested yet, so there is downside potential still. Trading Plan: 1. Sell on the current market price as we're forming a Channel Down like October 4th-8th. Targets: 1. 2725 (Support 1). Tips: 1. MACD (1h) sequence...

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EURUSD hit today its MA50 (4h) for the first time since September 30th. The pattern remains a Channel Down though, so the trend remains bearish unless a (4h) candle closes above the MA50. Trading Plan: 1. Buy after a (4h) candle closes above the MA50. Targets: 1. 1.09500 (Resistance 1). Tips: 1. The RSI (4h) is already on a bullish reversal and a Higher High....

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XRPUSD is trading under a Falling Resistance since July 2023. For the past 3 months the price has been consolidating. This is an identical price action to what produced the November 2020 bullish break out above the Falling Resistance. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.9750 (Resistance 1). Tips: 1. The RSI (1w) is also forming a...

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Silver has completed a Cup pattern with the price breaking above it this week. Yesterday's pull back may start a Bull Flag, delayed Handle of the Cup, same as the mid April Bull Flag that gave an excellent buy above the MA50 (1d). Trading Plan: 1. Buy on the 1.0 Fibonacci level. Targets: 1. 38.500 (the 2.0 Fibonacci extension). Tips: 1. The RSI (1d) is also...

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Bitcoin is trading inside a Channel Up pattern, which since Monday is correcting. We are already below the MA50 (4h). The previous correction found the first support on the MA200 (4h), just over the 0.5 Fib. It then broke slightly below it for the final bottom of the pattern. Trading Plan: 1. Buy on the MA200 (4h). Targets: 1. 71500 (just under the -0.236 Fib...

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USDCAD is on a continuous rise since the September 24 low inside a Channel Up. The pattern however broke this week sideways and is already showing the first signs of exhaustion as the RSI (4h) is printing a topping pattern similar to August 5th. Still though, the MA50 (4h) is supporting. Trading Plan: 1. Sell if the price crosses below the MA50 (4h). Targets: 1....

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S&P500 is pulling back intraday but remains over the MA50 (1d). The bullish trend is intact and is being guided by this long term Channel Up since the 2022 bottom. The price is right nowjust over the 0.382 Fib Channel level, which isn't overbought by any means. Trading Plan: 1. Buy on the current market price. Targets: 1. 6000 (the 0.618 Fib level). Tips: 1....