mohemati

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A clear 5-wave bullish move has formed, with the fifth wave taking the shape of an ending diagonal, or what could also be termed a rising wedge pattern. Regardless of terminology, this is a bearish pattern with a high potential for reward. Further confirmations include a bearish divergence between price and the MACD oscillator during the formation of wave five,...

mohemati

Here’s what we could expect from DXY in the coming days: This extended bullish move is likely wave A of an ABC corrective structure to complete wave 4. Given the clear bearish divergence between price and the oscillator, we are likely nearing the top of wave A. From here, we could see a bearish move, which would be corrective in nature and related to the higher...

mohemati

Hi folks, hope you're doing well. Looking at oil, we can identify a clear 3-wave bullish move. In my view, the price is currently forming a wave C of wave 4. Following this, we can anticipate the start of wave 5. Historically, in commodities, wave 5 is often the extended wave, which means, if we're correct, this setup offers a favorable risk-to-reward...

mohemati

A clear 5-wave bearish impulsive move, followed by an ABC bullish correction, sets the stage for a potential bearish wave C or wave 3. From a trading perspective, it’s not crucial whether the next wave is C or 3, as both scenarios indicate a likely bearish move. Additional confirmation comes from the bearish divergence between potential waves 3 and 5 in the...

mohemati Updated 

As seen in the chart, silver has formed a 5-wave bullish impulsive move and has since begun a bearish move, which could be labeled as wave A. As we know, corrective waves typically occur in three waves. I believe we are nearing the completion of wave B, which could lead to another bearish leg to complete wave C. This entire 3-wave bearish move could then form...

mohemati Updated 

In this chart, as you can see, we might be dealing with an inverse head and shoulders pattern. If confirmed, this pattern could lead to higher prices. However, before taking any positions, it would be prudent to wait for a shift in the lower timeframe market structure toward a bullish trend to ensure stronger confirmation of the move.

mohemati Updated 

From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4. Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the...

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Based on this Elliott Wave analysis, we are likely at the beginning of a bullish wave 5. This suggests that corrective wave 4, which formed as a regular flat pattern, has concluded, and a new bullish move is set to begin. As a result, any bearish corrective move should be viewed as a potential buying opportunity. Let me know if you like Elliot wave analysis.

mohemati

As you can see in the chart, we might be observing a potential Head and Shoulders pattern forming on the 1H timeframe in GBPCAD. Given the bearish market structure on the 4H timeframe, this 1H bullish move could be viewed as a corrective rally within the larger downtrend. Additionally, there is a bearish divergence between the left shoulder and the head, further...

mohemati

we are clearly seeing a bearish move in 1H timeframe market structure and therefore I am only interested to sell this pair for the moment. Price is below 1H timeframe EMA, and also printing consecutive lower lows and lower highs. Price target could be around bearish channel lower line.

mohemati

We can clearly see a higher timeframe bearish move and lower timeframe corrective bullish move in this pair. Therefore, I am only interested in selling unless price manage to break structure to the upside by closing above 1H timeframe lower high. Other bearish confluences that we have is a bearish divergence in 1H timeframe and also hidden bearish divergence in...

mohemati

We are in overall in EURAUD in a bearish move so we could plan to go short at the end of a bullish corrective move. Here I believe that in this pair we are at the end of bullish corrective move and if price could close below the arrow then we can go short.

mohemati

The price of copper has reached the upper boundary of a long-term bearish channel, which is currently acting as resistance. Additionally, the recent bullish move failed to break above the previous high, indicating that the bulls may be losing strength. I'm looking for a minor bullish corrective move in this asset to potentially short it at a more favorable price level.

mohemati

It seems that the price has reached its peak, completing a 5-wave bullish impulsive wave in a higher degree. As a result, we could anticipate at least an ABC bearish corrective move to the downside. A signal to take a sell position or close previous long positions could be when the price breaks below a lower timeframe low, indicating a shift in market structure...

mohemati

As observed, the SPX and Copper have shown a strong positive correlation over the past few weeks, often forming tops and bottoms simultaneously. Given that Copper recently failed to break above a long-term bearish channel upper line and has broken its structure to the downside, we might expect a similar move in the SPX. However, when trading SPX based on this...

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After an impulsive bearish move in the GER30 last week, the price is now forming a bullish corrective move and a rising wedge pattern, which typically has a bearish bias. Additionally, the price has reached the 1-hour 200 EMA, which could act as dynamic resistance. There's also a bearish divergence between the price and the momentum oscillator on this...

mohemati

After a bearish impulsive move, the price appears to be completing a bullish corrective ABC pattern. So far, it has completed waves A and B and is currently in the midst of the bullish wave C. This bullish move could take the price back to the previous lower high, as highlighted in the chart. From there, we could anticipate the start of another bearish move.

mohemati

As can be seen in the chart, the price appears to have completed a bearish corrective move, signaled by a change in market structure to the upside and the formation of a bullish divergence. Now, we could look for buying opportunities during minor bearish corrections.