Possible 5% drop on Gold Possible 5% drop on Gold from $1775 to $1687.
After reaching top of the channel today 1st of December we might experience a fall for another 7-9days to retest 1700 and most likely 1687 mark.
High possibility doesn't mean 100% certainty so this is not a trade advice.
Happy trading everyone.
Ichimokukinkohyo
QQQ setting up ReversalQQQ has been downtrending however-
it broke through the mid-Fib levels which are now resistance
the Momentum Oscillator shows bearish momentum decreasing to nearly zero
the red dot on the center line suggests a squeeze is underway
recent candles are small range and nearly Doji
candles on the RSI Ichimoku are wide range and volatile
in general relative strength is rising in bullish divergence
Accordingly I will close the put options and open call options
with 48 hours of time to expiration at a strike 1% above current price.
AUDNZD Ichimoku Kinko Hyo AnalysisWeekly:
Tenkan down
Kijun,Kumo flat
Chiko below candles
Kyushu Ashi down
Daily:
Kumo down
Kijun soon will be down
Tenkan down
Chiko below candle
More likely the price will be down-sideway until Next Kihon Suchi in Weekly tf (12 Dec 2022)
Looking for the sell chance in LTF if the price breakout
CADJPY Ichimoku Kinko Hyo analysisWeekly:
Ichimoku:
Tenkan, Kijun dead cross happen
Chiko is breaking candles
price react Weekly forecast line
Kyushu Ashi:
4 down trend Kyushu Ashi appeared
Next Kihon Suchi will be 2 Jan 2023
Daily:
Kumo down (span A + B down)
Kijun down
Tenkan down
Chiko below candles
Note: Down Kyushu Ashi in weekly tf => the price most likely to be down until 2 Jan 2023
=> 50% down, 30% range, 20% up
looking for the sell chance in lower timeframes
Ichimoku Analysis for MATICClosing below the cloud and also lagging below it will be a good short signal.
CADJPY down after H&S neckline breakoutComment:
CADJPY is trending down after Head and shoulders neckline breakout as well as Ichimoku trend analysis.
Ichimoku Trend Analysis (KTS):
- Kumo (Senko span A and B) down
- Tenkan sen down
- Kijun sen down
- Chiko span below candles
Next Scenario:
Need to wait for today's candle close. And once the breakout is confirmed, look for a selling edge.
Target to be 102.582, then 101.413.
EURCAD is bullish nowComment:
EURCAD is bullish based on Ichimoku trend analysis.
Ichimoku Trend Analysis (KTS):
- Kumo (Senko span A and B) up
- Tenkan sen up
- Kijun sen up
- Chiko span above candles
Next Scenario:
Market is going up towards 1.39766. Once it breaks, it can reach 1.42354, then ultimate target to be 1.46381.
GBPCAD is continuously bullishComment:
GBPCAD is continuously bullish after my analysis yesterday.
Ichimoku Trend Analysis:
- Market is above Tenkan sen
- Chiko span above candles
Next Scenario:
Market touched the resistance of 1.61814 and retracing today. Better to wait for the breakout for the next buying opportunity.
GBPCAD about to break Daily resistanceComment:
GBPCAD is bullish and about to break Daily resistance level of 1.5975 level.
Ichimoku Trend Analysis
- Kumo (Senko span A) is up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
Candles also showing inside bar, so better to wait for 1.5975 breakout and follow uptrend afterwards.
BTC/USD - Will we see a Death Cross on the Bitcoin 1 week chart?Looking at the BTC/USD 1 week chart, we can see that the 50MA (Yellow Line) is now getting really close to the 200MA (Red Line). A crossover would signal a Death Cross on this 1 week timeframe.
Looking at the entire history and available data on this BTC/USD 1 week chart, we can see that the 50MA has never crossed under the 200MA on this 1w timeframe. Note that the 50MA did come very close to crossing under the 200MA around the week of the 30th Nov 2015 but in the end, it didn’t happen.
Other notes:
BTC is still in a Massive Ichimoku Y-Wave pattern.
BTC is also still in a massive Falling Wedge Pattern.
BTC is still under all 3 of its major unique Ichimoku Kumo (Cloud) patterns.
BTC is still under its Bollinger Bands Middle Band Basis 20 Period SMA.
Looking at the Chaikin Money Flow, we can see that we are still in the Distribution Zone traveling slightly upwards but would say more like 'sideways within a range' on this 1 week timeframe. Note that the CMF (Green Line) is still under its Least Squares Moving Average (LSMA) (Blue Line) which is a sign of continued weakness on this 1 week timeframe.
Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) but has starting to slope downwards. Note that both the MACD Line and Signal Line are still deep in the Negative Zone under the 0.0 Base Line. Note that the last green histogram had also decreased in size and this weekly one looks like it will also close smaller than the last indicating upwards momentum is weakening on this 1w timeframe.
Interesting times and potential opportunities ahead once this World Recession bottoms.
I hope this quick chart is helpful.
ADA/USD - still in its Falling Wedge PatternHere is a closer look at this ADA/USD 1d chart.
Just like BTC, ADA is still in its massive Falling Wedge Pattern.
Here is a closer look at the Average Directional Index (ADX DI).
Once this world wide Recession has fully bottomed, for those that are prepared, there will be truly amazing opportunities to acquire your crypto of choice at a real bargain price ready to ride the next cycle upwards.
BTC/USD - 1D Chart Update with Triple Ichimoku CloudsQuick BTC/USD 1D chart update.
A range of $12K to bottom $9K price target for BTC/USD is still in play. $9K will probably be hit with just a quick wick downwards from $12K.
V Calculation (Negative)
V= B-(C-B) = D
C $25,160 - B $17,538 = $7,622
B $17,538 - (C-B) $7,622 = $9,916
Note that the above calculation is from the 1M Chart but i have added it onto this 1D chart.
Note that BTC is still under our 3 unique Ichimoku Clouds.
Here is a closer look at this 1d chart:
If we look at our main Ichimoku Cloud we can see that:
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is sideways at the moment on this 1d timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment on this 1d timefram.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is sideways. Note that the Lagging Span (Chikou Span) is still under the past price.
End of the Bear Market will be signified when the price crosses back above our Leading Span B (Senkou Span B) of our third largest Kumo (Cloud) and all 3 Kumo Leading Span A (Senkou Span A) create a Kumo Twist turning all 3 green. Note that the Leading Span B (Senkou Span B) is near the trope of the Descending Wedge Pattern.
BTC is still in its downwards Pitchfork Pattern and is getting very close the its Pitchfork Median Line. Note that the Price found Resistance from its Upper Light Green Pitchfork Resistance Line.
BTC is still in a Descending Wedge Pattern and a massive Ichimoku Y-Wave.
Looking at the Bollinger Bands, we can see that BTC is still way below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that both the Middle Band and the Lower Band are still pointing downwards and the Upper Band is starting to curve downwards. So we could see some consolidation before the next big move downwards.
Looking At the Average Directional Index (ADX DI) we can see that the Trend Strength is strong with the ADX (Orange Line) at 39.04 and still above its 9 Period EMA (Black Line). Positive Momentum has increased slightly but is still low with the +DI (Green Line) at 9.47. Negative Momentum has dropped but is still dominant with the -DI (Red Line) at 29.95.
For your viewing pleasure, here is a look at the amazing accuracy of all 3 of these unique Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) Clouds (Kumo) as support and resistance levels.
This is all my opinion so i hope this has been helpful.
NiftyHello and welcome to this analysis
Nifty today activated not one but two bearish reversal signals.
First it activated a Bearish Harmonic Alt Shark (double confirmation if price sustains below 18350) for suggested downside levels of 17750/17250. This pattern would be considered negated above 18575.
Second it coincided with an Ichimoku Price and Time axis equilibrium date - (double confirmation if price sustains below 18360. The reversal as per Ichimoku will become invalid if a daily candle close occurs above 18450. Downside targets for Ichimoku are also similar to Harmonic ones.
Use the dips / correction to add stocks, corrections are healthy and a good opportunity to invest in growth stocks.
BTC/USD price target if it breaks below its Descending TriangleBTC/USD is still in a massive Ichimoku W Wave Pattern.
BTC is still in a Descending Wedge Pattern and a Descending Triangle Pattern.
BTC is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indication that the mid-point of the short-term momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indication that the mid-point of the mid-term momentum is sideways at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is slight upwards but overall ranging sideways.
If BTC breaks below its descending Triangle pattern Using Negative V Calculation a price target of around $9,916 is produced.
V Calculation (Negative)
V= B-(C-B) = D
C $25,160 - B $17,538 = $7,622
B $17,538 - (C-B) $7,622 = $9,916
The above V Calculation is taken from the 1 month chart but I have added it onto this 1 day chart. For your viewing pleasure, below is the BTC/USD 1 month chart.
Notice that we have a timescale pattern of 9 Bars and 17 Bars on the above 1 month chart. 17 Bars takes us to the month of 1st April 2023 but due to crypto volatility, the price target may be achieved much sooner. Note that 9 and 17 are part of the Ichimoku Kinkō Hyō Number Theory.
This is all just my opinion using the Ichimoku System. In any case, i hope this is helpful.
Potential upwards momentum Notice the Kijun-sen has pointed upwards while the Chikou-span has closed above its price 26 periods ago, if you drill down to the daily chart the price is above the cloud but the Kijun-sen points downwards, it's better to keep it in your watchlist to see how it unfolds in the coming days