


murattpics
With the bounce off of 16.60 being highly impulsive, and the pullback corrective, I’m suspecting the next leg is more likely to the upside, and am looking to buy.
Technicals is setting for a wedge pattern, fundamentally US stocks are over valued, fear and greed index indicator is more than 80.
Triangle false break, possible downside move.
Bitcoin descending channel, more room for downside?
Corn – Expecting A Bounce (daily chart)
It’s At the All Time Highs. Time to Sell? (monthly chart)
EURAUD – Broken Below Key Support - if we get weak pullbacks into a resistance level, possible bearish direction.
The long wick from the weekly candle suggests buyers are now involved at this key area and we can look for bullish opportunities.
We have finished triple cycle, best part of here all it happens on a psychological level 1.25. We have false breakout happening right on a bottom, buy retraces remains the plan.
We have finished the triple cycle, now we can get Corrective cycle, which means we can get two waves to the downside.
buy retraces on LTF will be the great plan here.
NASDAQ monthly chart - one more week it's what required here, if this monthly candle closes like this, sell the rallies is the plan.
If we manage to go below the trend line start looking to sell the rallies.
On the weekly chart we have bearish divergence on the histogram, sell the rallies with bearish evidences is the plan.
BTCUSD we have a breakout above resistance if we get pullbacks this resistance can act as support. If we see a quick return back below the resistance, we’d likely be looking for a false break setup.
Bears can look for possible shorting opportunities on weak pullbacks on lower timeframes.
USDNOK is approaching Resistance. Price can sell off towards 8.45 - 8.40. However A break and close above 8.82 would initially open up for a potential continuation towards 9.00.
Price is reaching the 50% Fibonacci retracement level, and also we have resistance which is a key decision zone for a bearish bounce.