As you see on the graph we have a triple top , a rejection from a huge major resistance after my analysis was shared for a sell opportunity from the second high ! We can see that the market could continue his huge correction with the same past scenario as shown on the graph(rectangles), a rejection from 0.5 Fibo retracement is a sign of bullish opportunity as a...
Its clear that we are in bullish trend on the medium-Long term market , but the graph have shown a great major gap resistance that leads an opportunity for a bearish people to take the markets by their hands. The best opportunity is to wait for the breakout of the area shown on the graph.
The scenario of H&S is still live in near-term to enter short is waiting for the best opportunity to SELL, I've already shared a chart that give us a good looking of nice timing to open a position. Please check it:
I expect a new shoulder to test my next gap support Target as shown on the graph.
GBPUSD Timeframe : Daily ( 1D) Position; Short After watching the DowJones, i saw that it is in bullish situation, so the dollar actually is strong in the medium Term. Technically as I indicated in the chart, the market has a very strong resistance, which may have left the market in long term in a bear market, I am convinced to sell under the resistance...
On attend qu'il teste le support majeur, on verre si ça casse ou pas , sinon le mouvement sera toujours dans un canal baissier, la tendance est toujours baissière pour un moyen et long term,
On attend la confirmation de la cassure dans la resistance ou y'a notre STOPLOSS !
Short sell opportunity for WTI Crude OIL, take profit at 42 LEVEL , Stop loss at 47 Level (Majors support and resistance) Good entry at 44 Level , be careful of Corrections and some rebounces .
Next resistence will be 114.35 , RSI AND MACD show perfectly the uptrend as we can see on the chart , the downtrend was broken due to NFP Data released today (Friday,7th july)
Our pivot point is : 113.12, and we have a long positions above 113.72 and 114.10 in extensions, wherever below 113.10 our supports would be 112.80 and 112.45 as targets
Pivot Point : 109.95 Our objectif Short positions below 109.95 with targets at 108.70,108.30 in extension. Alternative scenario: Above 109.95 look for further upside with 110.35,110.80 as targets.