didacbague46
Gold dropped to the 61% Fibonacci retracement level, aligning with the long-term ascending trendline, where it showed a strong bullish rejection. Currently, price is breaking out of the descending channel and the 200 SMA, and is beginning to form a potential bullish spike formation. If this pattern completes and breaks to the upside, we would have three...
We're currently sitting at the lower boundary of a large descending channel on AAPL in the daily timeframe. After completing what appears to be a 5-wave Elliott bearish structure, the price made a strong bullish rebound. Since then, it has been consolidating in a mid-range zone, forming an ascending triangle, which could signal a continuation of the recent...
On the 4H chart, XAUUSD is currently forming a bullish flag with an upside projection towards the 3580 USD area. Following the breakout of the flag, a rising channel has developed. Price is now testing the lower boundary of that channel — a key area from which a bounce could occur, potentially targeting the upper range. Adding confluence, the current price...
The US30 is currently forming a bullish flag on the 4H chart. A double bottom has developed around the 61.8% Fibonacci retracement level, measured from the most recent bullish impulse — providing a strong point of confluence that adds validity to the pattern. Should price break above the flag's upper boundary, it could trigger a continuation to the upside,...