TWC Market Breakdowns and Analysis
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| 4 | NASDAQ has broken out of a Long term Bullish Wedge and retested support turned resistance.
It has been moving sideways over the past 2 weeks despite us having a Bearish outlook due to the Wedge
Based on Elliot Wave Theory, we could potentially see an expansion to (C)
Stay disciplined, wait for the market to come to you, and trade with confidence! | 501 |
| 5 | NASDAQ has broken out of a Long term Bullish Wedge and retested support turned resistance.
It has been moving sideways over the past 2 weeks despite us having a Bearish outlook due to the Wedge
Based on Elliot Wave Theory, we could potentially see an expansion to (C)
Stay disciplined, wait for the market to come to you, and trade with confidence! | 1 |
| 6 | Gold remains in a strong bullish trend, driven by escalating geopolitical tensions.
We've seen multiple all-time highs forming as bullish momentum continues.
Currently, we’re focusing on the symmetrical triangle and the bullish channel that has formed.
Given the price action, a pullback or retracement is likely, especially as the price tests the upper boundary of the channel.
A strong rally followed the bullish breakout from the triangle, suggesting that this Long-term surge may be reaching its conclusion. | 699 |
| 7 | New week, Let’s go 🚀 | 663 |
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| 9 | US30 at a multi-day resistance level of a previous bullish channel that it had broken out of.
It’s also at the tip of a Supply Zone making it a strong confluence zone.
If both the resistance and Supply Zone (S1) holds, then we could fall to Demand Zone 1 ( D1) or Demand Zone 2 (D2) or (D3)
If the Bulls disagree and push the price higher, our pattern formation would be invalid.
Stay disciplined, wait for the market to come to you, and trade with confidence! | 735 |
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| 13 | GBPJPY has a potential Bearish Butterfly Pattern Formation.
If the Current Supply Zone (S1) holds, then we could fall to Demand Zone 1 ( D1) or Demand Zone 2 (D2) or (D3)
If the Bulls disagree and push the price higher, our pattern formation would be invalid.
Stay disciplined, wait for the market to come to you, and trade with confidence! | 681 |
| 14 | High Impact News for the USD today at 4:45pm
Flash Manufacturing PMI is an estimate of manufacturing for a country, based on about 85% to 90% of total Purchasing
Managers' Index (PMI) survey responses each month.
Any reading of the Flash Manufacturing PMI above 50 indicates improving conditions, while readings below 50 indicate a deteriorating economic climate.
Flash manufacturing PMI is a forward-looking estimate of a country's manufacturing sector and is intended to provide an accurate advance indication of the final PMI data.
Source: ForexFactory.com 👈 | 612 |
| 15 | Eurusd has broken out of its Falling Wedge Pattern formation.
If the Bulls keep the momentum it could potentially continue rising to Supply Zone 1(S1)
Stay disciplined, wait for the market to come to you, and trade with confidence! | 681 |
| 16 | GBPAUD has been in a tight range for the past few Days
If the current Demand Zone holds, it could breakout Bullish and rise to the Supply Zone (S1)
If the current Demand Zone Breaks, it could fall to the Second Demand Zone (D2)
Stay disciplined, wait for the market to come to you, and trade with confidence! | 656 |
| 17 | NASDAQ is showing strong bullish momentum, after failing to break bellow support levels during the Donald Trump Inauguration.
We are currently in Supply Zone.
If the current Supply Zone Breaks, Price could potentially rise to Supply Zone 2 and Supply Zone 3.
Stay disciplined, wait for the market to come to you, and trade with confidence! | 634 |
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