fxinvestmk

fxinvestmk

Price of WTI OIL broke from falling wedge pattern and retested it. So possible further move up towards two Fibo clusters: - 50%+61.8% - at ca. 98.7 - 61.8+78.6 - at ca. 105. There might be short-term corrective move. Trade carefully!

fxinvestmk

Price is retesting neckline of double top pattern. We see rejection of this area. Possible some move down towards 1.3510. Trade carefully!

fxinvestmk

Price reacts on trendline and previous support level. Possible some bullish reaction towards neckline of double top pattern. Zone 0.9850-0.9870 seems to be interesting selling opportunity. Breaking trendline can cause further decline. Trade carefully!

fxinvestmk

It seems that Bitcoin found support at current price level. It now retests broken trendline and previous support levels. Possible corrective move up towards 20600-20800 <-- there is resistance level and 38.2 Fibo of whole bearish impulse. Alternatively, breaking below current price support will cancel this bullish scenario. Trade carefully!

fxinvestmk

Price is in interesting spot. It is currently testing neckline of potential head-and-shoulders pattern which usually changes the trend. Breaking below neckline may cause some move towards 6.50-6.60 level where is previous support and 78.6 of Fibo. Trade carefully!

fxinvestmk

On daily chart we see third pinbar in the row which is located at resistance level made of 50% Fibo and One-To-One correction. Possible move down after breaking trendline. Trade carefully!

fxinvestmk

Price moves within wedge pattern and it reacted on 50% Fibo level. Possible some move down towards 1.1900. Breakout from wedge pattern needed as confirmation. Trade carefully!

fxinvestmk

Price broke and retested wedge pattern and reacted on ascending trendline. From harmonic point of view possible some move up towards 78.6 or 88.6 Fibo of last bearish impulse to fulfill harmonic pattern.

fxinvestmk

Recently price moves within wedge pattern. So after breakout possible some corrective move towards 1.2200

fxinvestmk

On H4 tightening of price move within triangle pattern. Breakout will show the direction. Recently formed head and shoulders pattern, so breaking neckline support level is needed as confirmation of further down move. Trade carefully!

fxinvestmk

Very sharp decrease on Bitcoin. There was some slight reaction on 78.6 Fibo recently. If 17700 will be broken, there might occur fullfillment of Bat Pattern on 88.6. At that zone there is also former resistance level. Potential bullish reaction at 11200-12000 should be treated as corrective move (range indicated by rectangle). Trade carefully!

fxinvestmk

Price retest support level. Earlier there was a breakout of descending trendline and current move is a retest of the TL. So possible some move up

fxinvestmk

Price reacted on resistance at 1.0760 and made a pullback towards ascending trendline. Breaking trendline can cause test of support at 1.0645 and possibly lower. Alternatively, breakout above 1.0760 resistnace will open the way to 1.090-1.093 level. Trade carefully!

fxinvestmk

Interesting situation on Silver, H4. Recently we had head and shoulders (HSH) pattern. Now the same neckline is for inverted HSH pattern. Breakout of this neckline is needed as confirmation. Further uptrend can bring price to deeper Fibonacci levels - 78.6 and/or 88.6 where some reaction to the downside may occur. This would fulfill harmonic pattern. Trade carefully!

fxinvestmk

After strong impulse up, price made a pullback. Currently price is testing support level at 38.2 Fibo and trendline. Possible some move up towards 1.06.

fxinvestmk

On weekly chart interesting support area at round level 1.2500 & 61.8 Fib. Potential bullish reaction could be only corrective move as previously (corrections indicated by green lines)

fxinvestmk

Small consolidation on US100 creates inverted head and shoulders pattern. Breaking above 14300 should trigger move to 14800. If HSH pattern will be negated (breakout below 13900), possible resume of down move towards 13100-13200

fxinvestmk

On H4 chart we see that price broke up trendline and now retests it at support level. Possible bullish reaction towards 1.3150. Next lower technical support at 1.30000 round level