Kyrean

Kyrean Updated 

Hallo everyone, markets are crazy lately and beside the fact, that Germany is in a recession period the DAX were climbing up for several ATHs in the last weeks. I think this should find an end very soon, as we are testing the ultimate resistance area formed by trend lines from ATH prices in the past. Also my wave count is pointing to an fifth wave of a fifth...

Kyrean

Hello everyone, I would like to share my long term view on the NASDAQ with you. Feel free to tell me your opinion in the comments.

Kyrean Updated 

Hello everyone, price action in Gold continues to be very strange and we saw a significant move to the upside after a bear trap formed below 2000. The move went directly to the 2088 resistance (and orderblock) and a correction from the local overbought conditions is likely. The elliot wave count at this stage is very unclear, but I left my count on the chart....

Kyrean Updated 

Hello again, GBP is quiet strong across the currency board and was able to break out of the strong downtrend dominated by CHF. After some days of consolidation it seems like the last resistance turned into support. Target area is the red resistance zone.

Kyrean Updated 

Hello everyone, I've been watching NASDAQ closely as I expect to end an elliot wave count around the 18k area. If the level will be reached soon the chance for a correctional move is high, where we could anticipate in. To make it short, the psychological level of 18.000 will be very interesting, but there is also the channel trendline above, that should form...

Kyrean Updated 

Hello everyone, this is not a usual trading analysis. So don't take any trades from monthly levels, as you can't manage the risk at all. What you can see is my try to figure out how the DAX went through different states of price development and really interesting to see is, that every big crisis ended one phase and opened a new one. In my point of view we are...

Kyrean Updated 

Welcome everyone, GOLD made a lot of weird moves in the past weeks and is still not showing a clear direction at all. Beside the strong bullish trend, there was a massive sell of from the ATH and we are close to an important decision. As you can see in orange the price tested the upper boundary of the consolidation range for the 4th time and got rejected, but it's...

Kyrean Updated 

Welcome back, some times it's nice to just browse through the charts and find interesting patterns. There is no guaranty that chart history repeats it self, but, there is a chance to. In this chart I'm observing a pullback to 20k-30k area for the bitcoin in case the ETF approval which everyone is waiting for within the start of 2024 will be a sell on the news...

Kyrean Updated 

Welcome back everyone! Gold followed my long term view and could have finished the wave B pullback within a wave 2 according to Elliot wave analysis. We are now at a very important important resistance zone 2072 - 2090 and got a first bearish reaction from here. The long term idea is that Gold ended impulsive wave 1 with the new ATH and now started an ABC...

Kyrean Updated 

Gold created a new ATH and was faced by a massive sell of during this week. The fundamentals don't support gold anymore, as the war is no longer impacting the price development and the high interest rates are likely to stay for a while. Beside of that, there is a chance that we ended the impulsive rally with the new ATH and a correction wave two could already have...

Kyrean Updated 

Hello everyone, against all fundamental backdrop the DAX has created a new ATH, which is inline with my elliot wave analysis. To make it short I want to trade against the strong trend movement to catch a correction back to the 16k area . Confirmation will be the break of the current area of 16750 . If you want to scalp this you can just set your SL over the...

Kyrean Updated 

Hello everyone, Gold currently confusing traders as it switches between correctional movements and speculative pullbacks. From a technical point of view the 2067 level is now very important for the next move, which I expect to be a short one. Only a daily candle close above can invalidate the short scenario which would have the targets 1980 , 1920 and 1895...

Kyrean Updated 

AUD against NZD was supportet by the rising Trendline in Oktober and broke the upper boundary of the global triangle. There is was facing selling pressure and have been corrected to the 0,5er fib level. Today we saw a bug bullish movement and it seems that the weekly candle will close as a bullish engulfing candle. The movement startet at the high volume support...

Kyrean Updated 

As you may noticed, after reaching the round 17k level, the DAX reacted more corrective than usual and fell back to the trend line. If you want to get in a short position, you can look for the trend line to be broken and retestet. This move could be interpreted as a 1, 2 setup for a decline back to the 16k area.

Kyrean Updated 

Hello everyone, after a predicted pullback from 1980 area Gold reached it's highest point at 2088 and turned bearish again. To be honest I didn't expect the move to extend so high, but these things can happen. Finally it's likely that Gold topped out wave B at 2088 and started wave C with the main target at 1920. So far nothing new (check my latest analysis). ...

Kyrean

Hello everyone, I decided to start a idea series on how to use Indicators helpfully. It's important to understand how a specific indicator works to interpret signals in the right way. Weekly EMA Crossovers EMA Crossovers are important events for price building, showing a possible change in trend or trend continuation. In general two signals in a short period...

Kyrean Updated 

So far gold dropped nearly 8% from the new ATH without any significant pullback, bringing a lot of money to market makers, who created the fake move. At some point a pullback should happen, but it's hard to tell when. The first structure support at 2000 was already violated today and we reached to 50% retracement within a really short period of time considering...

Kyrean Updated 

Gold found support in 1995 and formed a double bottom. There is a chance that the price could rise to 2020 today, which is the key level considering a bigger pullback towards 2050 or more direct movement to lower prices in the 19xx region (explained in my last analysis). The break of the asia session high will confirm the double bottom pattern, but because of the...