Arabica Coffee (KC) slid another near 1.5% Friday, retesting the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58). With the weekly close near the 61.8% Fib, odds are elevated for a test this week of the 2022 low and the psychologically key 1.50 whole figure level…
TOP50’sTOP10 (LTCUSD, BTCUSD, ETHUSD, AVAXUSD, ATOMUSD, UNIUSD, MATICUSD, EOSUSD, BNBUSD, DOTUSD)
Nasdaq100 (NQ) is at elevated risk of a descending wedge extension (on the 4hr and weekly chart) in the next week. NQ appears less likely to bounce back by late January to descending wedge resistance (on the weekly chart) than it is to break in the same period below the 2022 low to wedge support…
Arabica Coffee (KC) slid just shy of 0.5% yesterday, and suddenly appears poised for a retest by the weekend of the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58). Any weekly close below the 61.8% Fib would dramatically increase the likelihood of a test of the 2022 low and the psychologically key 1.50 whole figure level sometime next week….
The AUDUSD has consolidated roughly a month around downchannel resistance (on the weekly chart), with rising odds for a weekly close by mid January, above the 50% Fib retrace of the slide from the April peak to the October low. With a retest of the psychologically key 0.65 whole figure level increasingly unlikely in January, the AUDUSD has all but made a major bottom in October, halting a slide since early 2021 (as can be seen easier on a monthly chart on tradingview.com)…
Arabica Coffee (KC) slid more than 3% yesterday, and suddenly appears poised for a retest this week of the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58). Any break below the 61.8% Fib would dramatically increase the likelihood of a test of the 2022 low and the psychologically key 1.50 whole figure level in the week after…
Gold (GC) is rallying to start the year, but likely to see consolidation in the next day or so as it nears upchannel resistance (on the 4hr chart), ascending wedge resistance (on the daily chart), and the 50% Fib retrace of the March to October slide. Regardless of any profittaking this week, GC appears poised to extend the Bull Flag (on the weekly chart) by mid month, with odds now elevated for a test of the psychologically key 1900 whole figure level sometime in January.。。
Arabica Coffee (KC) slid more than 0.5% yesterday, and appears vulnerable to a bit more downside as part of the consolidation after getting rejected at the psychologically key 1.75 whole figure level last week. Odds are decent that a major bottom has been made within the consolidation since February, with this low formed on the overshoot below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58)…
Nasdaq100 (NQ) is trying to edge higher to kick off 2023, but remains vulnerable to a descending wedge extension (on the 4hr and weekly chart). NQ appears less likely to bounce back by late January to descending wedge resistance (on the weekly chart) than it is to break in the same period below the 2022 low to wedge support…
Arabica Coffee (KC) slid more than 1.5% Friday, but managed a higher December low versus the November low. Odds are decent that a major bottom has been made within the consolidation since February, with this low formed on the overshoot below the 61.8% Fib retrace of the June 2020 to February 2022 bull market (near 1.58)…
