Ucef's Blog

Avatar

Bearish harmonic pattern

Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 14.303.
However, if bullish ca…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

XAGUSD forming a bearish harmonic pattern

Daily Vision
The XAGUSD trend is bearish in daily time frame. Vital resistance is present at 14.5658 price level. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame.
However, if bullish candlestic…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

XAGUSD head and shoulders pattern forming.

My bias is long with silver.
Here we can see a nice opportunity to join the rally.
A textbook inverse head and shoulders pattern forming.
Conservative entries above the neckline.
Details on chart.

Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários