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The S&P500 index broke above the Rising Resistance that was the top trendline of the Rising Wedge. This transitions the price action from that pattern to the Channel Up, which has significant upside potential at the moment. Trading Plan: 1. Buy on the current market price. Targets: 1. 6080 (+7.25% rise, same as the last rally). Tips: 1. The RSI (4h) is...

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Nasdaq has been trading over its MA50 (1d) for almost 1 month, establishing it as the new support level. The long term pattern is a Channel Up and every time the price stayed that long above the MA50 (1d), is has already starting the new bullish wave and spend at least 3 months above it. The previous two buy waves grew by +48% and +49.90% respectively. Trading...

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Gold is trading inside a Channel Up since July. Breaking below the MA50 (4h) set in motion the bearish wave correction but since yesterday it managed to find support exactly at the bottom of the Channel Up. The MA200 (4h) is right below and has been the key support since July. Trading Plan: 1. Buy on the current market price. Targets: 1. 2800 (+7.60% from the...

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Ethereum has crossed above July's Falling Resistance and has started a new bullish phase. A crossing above the 0.5 Fibonacci level, confirms the bullish extension. This is the pattern that was followed last October (2023) right when the mega rally started. Trading Plan: 1. Buy if the 0.5 Fib breaks. Targets: 1. 4600 (the 1.5 Fibonacci level, in line with the Dec...

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Dow Jones topped on its 6 month Channel Up, turning sideways for the past 2 weeks. As long as the price trades inside the Channel, this is a sell signal Trading Plan: 1. Sell on the current market price. Targets: 1. 41150 (potential contact with the MA50 (1d) and inside the dashed Channel Up). Tips: 1. There is a huge Bearish Divergence on the RSI (1d), similar...

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EURUSD broke below the MA50 (1d) for the first time since August 2nd, which is a technical sell signal. The MA50 (1d) has been the pivot of the Ascending Triangle and every break below it has delivered more downside. Trading Plan: 1. Sell on the next rebound to the MA50 (1d). Targets: 1. 1.078000 (Support A). Tips: 1. The MACD (1d) is posting the same pattern...

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Bitcoin tested and held the MA50 (1w) twice in the past 2 months. Based on the last 2 Cycles and in particular October 2020 and 2016, such a rebound on the MA50 (1w) initiates the parabolic rally of the Cycle. Trading Plan: 1. Buy on the current market price and hold until maximum August 2025. Targets: 1. 100000 (minimum psychological target for those who don't...

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Russell 2000 reached the bottom of the (1d) Channel Up on a symmetric -9.20% bearish leg, like the one before. It is holding above the MA100 (1d), same with August 25th 2023, which was also a -9.15% decline but the rebound failed to close over the MA50 (1d) and resumed the downtrend. Trading Plan: 1. Buy on the current market price and as long as daily candles...

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The S&P500 index is trading inside a Channel Down. Every break over the MA50 (4h) forms its Lower High and is a sell signal. Trading Plan: 1. Sell on the current market price as it is over the MA50 (4h). Targets: 1. 5125 (expected contact with the MA50 1d). Tips: 1. The RSI (4h) is on a Rising Support, which is a Bullish Divergence in contrast with the Channel...

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Bitcoin is trading inside an Ascending Triangle pattern. The price is currently supported on the MA50 (4h). The next long term Support is the MA50 (1d). The most efficient buy signal inside this pattern has been when the RSI (4h) crossed under (even marginally) the 30.00 level. Trading Plan: 1. Buy when the RSI (4h) breaks under 30.00. Targets: 1. 85000...

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EURUSD is trading inside a Bearish Megaphone with the price very close to its top. This is still a sell unless it crosses over the top of the pattern. Trading Plan: 1. Sell on the current market price. 2. Buy if the price crosses over the top of the Megaphone. Targets: 1. 1.09800 (Resistance A). 2. 1.07000 (Fibonacci 0). Tips: 1. The RSI (1d) crossed over its...

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Nasdaq crossed yesterday under the MA50 (1d) for the first time since November 3rd 2023, as well as the 5 month Channel Up. This is a major sell signal as last time it did that coming on a Channel Up (August 9th 2023), it initially dipped to the 0.236 Fibonacci level. Trading Plan: 1. Sell on the current market price. Targets: 1. 17450 (Fibonacci 0.236 as well...

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Dow Jones reached the top of the late 2022 Channel Up and is already on a 3day rejection. If it crosses under the MA50 (1d), the strongest short term sell signal emerges. Trading Plan: 1. Sell if the price crosses under the MA50 (1d). Targets: 1. 38050 (Support A). Tips: 1. The RSI (1d) is testing the 58.47 level. Past breakouts under this level have coincided...

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WTI Crude Oil reached the top of the December 2023 Channel Up as well as the dashed Channel Up that started after it crossed over the MA50 (1d). This is a double sell opportunity. Trading Plan: 1. Sell on the current market price. 2. Sell again if the price closes a (1d) candle under the dashed Channel Up. Targets: 1. 82.00 (bottom of dashed Channel Up). 2....

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Gold is trading inside a Channel Up, making today a new Higher High. This is a sell signal, as long as the price doesn't break higher. The minimum decline/ Bearish Leg inside this pattern has been -2.30%. Trading Plan: 1. Sell on the current market price. Targets: 1. 2215 (-2.30% from the top). Tips: 1. The RSI (4h) crossed under the MA trendline. This has been...

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EURUSD is on the 2nd Bearish Wave of the Rectangle since the start of the year. That is in the form of a Channel Down, so far identical to the 1st. This, along with the Fibonacci retracement levels offer stable entries for both buying and selling. Trading Plan: 1. Sell on the current market price. 2. Sell on the next MA50 (4h) rejection after that. Targets: 1....

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The S&P500 index hit yesterday the top of the 19 month Channel Up. That was the first time since it started trading. This is a strong sell signal and considering that the MA50 (1d) has been intact since the November 3rd 2023 bullish break out, we expect to cross under it now. Trading Plan: 1. Sell on the current market price. Targets: 1. 4950 (-6.00%, 0.618 Fib...

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Nasdaq broke and closed today a (4h) candle under the MA200 (4h) for the first time January 8th. By doing so it completed a Head and Shoulders formation, which is a bearish reversal pattern. Its target is technically the 2.0 Fibonacci extension. Trading Plan: 1. Sell on the current market price. Targets: 1. 17200 (the 2.0 Fibonacci extension, located between...