TheCryptagon

EURUSD Bottom formation and bullish reversal in progress. EURUSD capitalized on the 4hour Rising Support that flashed a Bullish Divergence, while the price was still declining. The Lower Lows eventually have now turned into Higher Lows and potentially a Channel Up. Since the May 31st Low, the Support has been holding so now is a low risk level to buy and target the bottom of Resistance Zone B at 1.08100. Previous chart: Follow us, like the idea and leave a comment below!!

LDOUSD Be ready to buy the pull back or the break out Lido DAO / LDOUSD is inside a short term Channel Down pattern that is within a larger Channel Up. The price is now near the top of the Channel Down. As long as it stays under it, short and wait for a lower bottom but at 1.5000. If it crosses above the Channel Down and closes a 1day candle, buy the break out. In both cases, target 3.5000. In 1day RSI terms the two bearish waves are identical and this implies that there is one last Low left to make. Previous chart: Follow us, like the idea and leave a comment below!!

NASDAQ May be entering a short term correction wave Nasdaq / NDX / US100 is near the top of the 6 month Channel Up. Since the middle of that pattern, it started to form a narrower Channel Up. So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous. The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of the Channel Up. Sell if the RSI crosses under its MA line. Buy a little over the 1day MA50. Target 15280 (Resistance A, High of March 29th 2022). Previous chart: Follow us, like the idea and leave a comment below!!

WTI CRUDE OIL Sell continuation at least to 64.50 WTI Crude Oil / USOIL is on a strong 1 week selling streak after the rejection on the 1day MA50. With the MACD on a Sell Cross and the price long broken under the Rising Support, every similar past sequence hit at least Support A. You can even sell on the current market price and target 64.50. The long term trend remains heavily bearish inside almost a yearly Channel Down. Every contact with the 1day MA100 is a sell opportunity. Previous chart: Follow us, like the idea and leave a comment below!!

DAX Critical junction on the 1day MA100. DAX hit today the bottom of the short term Channel Up. This is inside a larger Channel Up pattern that started during last year's market bottom. As long as it holds, especially the 1day MA100, buy and target 16600 on a +6.34% repetition of the first short term Channel Up rally. If the price closes under the 1day MA100, sell and target the bottom of the long term Channel Up at 15150. The 1day RSI, trading inside a Channel Down, gives a clear indication as to when that low may be achieved. Previous chart: Follow us, like the idea and leave a comment below!!

EURUSD Sell under the 4hour MA50, buy over it. EURUSD is trading inside a Channel Down on the 4hour time frame with the price near its top and the 4hour MA50. As long as it closes the candle under the 4hour MA50, sell and target Support at 1.06710 on the short term and the bottom of the Channel Down on a -1.17% decline at 1.06200. If it closes a candle over the 4hour MA50, buy and target the 4hour MA100 at 1.0800. Previous chart: Follow us, like the idea and leave a comment below!!

DOW JONES Trading approach going into June Dow Jones / DJI is trading inside a Channel Down pattern for more than a month. The price is now under the 4hour MA50 and as long as it closes there, sell and target close to Support A at 32600. A crossing (and candle closing) over the 4hour MA100 will be a short term buy signal targeting 33400 (top of the Channel Down). A crossing (and candle closing) over the 4hour MA200 will be a long term buy signal targeting Resistance A at 34260. Previous chart: Follow us, like the idea and leave a comment below!!

NASDAQ On a strong Channel Up eyeing 14400. Nasdaq / US100 is rising following a rebound on the 4hour MA50. The pattern is a Channel Up with the 4hour MA200 the medium term Support since March 16th. This rally can complete a +13.40% rise if it follows the March 13th - April 4th bullish wave. Buy on the spot and target 14400. Previous chart: Follow us, like the idea and leave a comment below!!

S&P500 on the 1day MA50 again S&P500 / US500 approached the 1day MA50 again. This level has been supporting since the March 29th break out (almost 1 month). Buy as long as it holds and target the dashed Rising Resistance at 4230. Sell if the price closes under the 1day MA50 and target the Megaphone's bottom at 4030. The 1day RSI is consolidating inside a Rectangle whose highs and lows give accurate sell/ buy signals inside the Megaphone. Previous chart: Follow us, like the idea and leave a comment below!!

DOW JONES Short term rise very likely Dow Jones is finding support on the 1day MA50, forming a Triangle pattern. The same pattern during the late December 2022 consolidation, broke upwards and reached the previous High. Up to this point, even the 1day RSI structures since the Falling Supports are very much alike. As long as Support A holds, buy and target 34200. If it crosses under the 1day MA200, sell and target 31700. Previous chart: Follow us, like the idea and leave a comment below!!