Oil is breaking higher but we need confirmation Oil is bouncing off the long-term trend channel bottom 75. Looking at the long-term monthly chart you can also see a long shadow candle form from this level and an extension higher above the falling wedge upside resistance 81.600. You can […]
Oil is breaking higher Read More »
Elliott Wave technical analysis with trading signals for Gold, WTI Oil, SPX, NASDAQ, DJIA NASDAQ We have a break below 13800, and 5 waves upside is finished. Nasdaq is now in the third wave of the five waves down. This count is valid as long the NASDAQ is below
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USDCAD is extending lower USDCAD is rejected from 1.3700. Looking at the long-term monthly chart you can see a heavy resistance established in the 1.3700-1.3900 zone. Also, we have a broadening wedge with lower line support at 1.2710 which is the target for this downside rejection from a strong
USDCAD is breaking below the range Read More »
Elliott Wave technical analysis with trading signals for Gold, WTI Oil, SPX, NASDAQ, DJIA NASDAQ We have a break below 13800, and 5 waves upside is finished. Nasdaq is now in the third wave of the five waves down. This count is valid as long the NASDAQ is below
Elliott Wave technical analysis with trading signals Read More »
Oil is testing the critical support Oil critical support is 70.50. Looking at the long-term monthly chart you can see a heavy intersection of a 50% Fibonacci retracement and the uptrend channel. Also, we have descending wedge leading to this support which can be bullish in the medium to
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