ziadaq

ziadaq

The chart is drawn inside a Gann Square from the 2020 low (March COVID bottom) to a projected 2030 high, mapping both time (X-axis) and price (Y-axis) in 1:1 ratio (Square of Time & Price). The blue ascending diagonal (45° line) represents the ideal balance of time and price (1 point per unit of time). A break of this line is often seen as a major trend reversal...

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The current pattern suggests a large cup and handle formation, which is generally a bullish continuation pattern. The highlighted yellow areas indicate a possible cup formations between 2011 and 2020. Support and Resistance Levels: $2330: Previous resistance, now turned support. $2410: Intermediate support level. $2650: current resistance level. $2730: Next...

ziadaq

negative divergence major resistance around 19000 decreasing in volume the most estimated scenario support the droop to 18300/17600

ziadaq

I do not realize how realistic this analysis is...but it may seem that there is a crazy scenario that the Dow Jones may choose and it remains possible as long as it maintains levels of +34000.

ziadaq

The time from Sep 6 to Nov 5 will be a major and critical factor in determining the next movement

ziadaq

It seems that we still trading within the 4 wave and the final 5 wave of this major correction could be close to $25,000

ziadaq

Initials Target is $38 and then to $46

ziadaq

HOLDING ABOVE $1820 MAKE THE POSSIBIITY TO REACH TO $1873 VERY HIGH

ziadaq

After falling to breakout the resistance close to 8640p , the index started a new correction wave could find a first support near 7625p

ziadaq

It will be most likely as long as the index is trading below 24100 !

ziadaq

what do you think!

ziadaq

1940 is a major resistance inside the minor up trend channel, if its breakout then we can estimate a short term target close to 2040p , but the other 2 scenarios could be correct , the 1940 could be a double top , also all the levels above 1940p could be a bull trap !!!

ziadaq

any trade below 33$ will consider that the confirmation reversal pattern still not confirmed

ziadaq

GBPUSD has a target at 1.22

ziadaq

if the index breakdown 25400p the more drop toward the first support area 24800p-24500p will be expected , the bullish cypher pattern will be confirmed if we close below that support !!!

ziadaq

The fail in breakout the last peak @2944 was the an enough signal of weakens rebound !!!!!!!!!!!!!

ziadaq

BITSTAMP:BTCUSD

ziadaq

Watch the most real test of the importance of the golden ratio 62.8% !!!