Wolf

Wolf

Following a short term trade, it looks like this wave can reach to the top resistance line as part of the uptrend. We wiill later have to see if it continues to form a curved correction in the long term or if the bubbles continues

Wolf

Using elliot wave theory + Fibonacci trends

Wolf

Price can go up easily: Pullback from trend break up. Fibonacci correction of 38.2%. Touching horizontal support from previous high. Symmetrical upward trend formation.

Wolf

In the long term it might go up, however a minor failed to find a direct up-trend and it will try to make a double bottom. Technical Analysis: - Broken support of 3 lows - Fibo retracement of 61.8% - Pullback - Corrective wave formation

Wolf

Bad news, that's what he is telling us.

Wolf

I present you 6 stocks with the same pattern action. SPX500 AUS200 FRA40 GER30 UK100 FX:JPN225 Contrary to popular belief, I don't see any preference of expecting stocks to crash. I just see scared investors because prices touched the support levels, so everyone is panicking about it. This also happened last year on October, many people panicking that it...

Wolf

SPX500 jmike

Wolf

Head formation from a broken long trend line can break down to touch support line

Wolf

This pair completed the bullish bat pattern, following it's natural bullish result at .618 fibonacci level, it then stopped at .382 accompanied by a horizontal support + bounce on the breakout line. This pair seems to be going down after a clear stop on these resistance lines, a strong bullish breakout could occur.

Wolf

Long term support line touching 1998, 2001, 2009 and now a failed attempt to break the new 2015 test looks like it's going up: As we can see, after bouncing the long term support line, it tested twice, forming a head and now breaking above this recent year horizontal wave pattern. In the previous attempt of breaking (2009), it had a similar pattern of making...

Wolf

Good short opportunity, expect a little wave down here.

Wolf

On the last days of February 2015, this pair broke down a long term trend line started on 2008. It went up and now it's time to know if it really proved to be a break-down by bouncing the resistance line or get back in game with the up-trend line.

Wolf

In this chart I publish some perspectives based on different levels of support and resistance lines. In a general note: Bullish side: U shape testing a resistance line. Bearish side: Goes into the same pattern but in an inferior level attempting to break the top level.

Wolf

In my previous short-term idea, we can see how it broke and it went down touching a 61.8% support level + Support trend line. However, in a very long trend we see a possible change in direction. So, in the case of a break-down of the diagonal support line showed in the graph, we can confirm a break to 119.223 support line + Fibonacci extension of 38.2%, followed...

Wolf

This will be a directly fall in my opinion, but it can make another pullback to a larger trend in order to form a pattern.

Wolf

This pair is still fighting the long term resistance line. With confirmation with bullish signs, we can determine the current trend and see where it can go. If it goes down, it will try to test into what it would be a head support.

Wolf

The dollar can arise from the dead and now it's gaining power, it's finally time to detect a trend and as simple as it can get, we have a very possible correction before going up and decide whether it's going to beat the strongest resistance of all.

Wolf

With Oil almost touching a support level, the US Dollar Index touching a resistance, we might have two possible paths. US dollar remains bullish and would cause the continuation of the big fall of EUR/USD to a very important support line since 1985, or we follow the US Dollar Index bouncing downwards, and we take a break and EUR finally goes up.