@marketchartpattern

YouTube

Avg. Quality

78

Success Rate

32.00

Analysis

75
Correct
24
Fail
27
Pending
24
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Fail
EURUSD
Entry 1.1228 2025-05-08 21:41 UTC
Target 1.1021
Fail 1.1387 In 2 Weeks
Risk / Reward 1 : 1
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Final PnL
-1.42%
P/L:
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EURUSD
Fail
Forex
Technical
1H
Analysis Predict Bear Market
Body
The analysis begins with the Dow Jones Industrial Cash Index, suggesting a key timing around May 8th, with price action being closely watched. Transitioning to global markets, the analyst notes geopolitical tensions possibly affecting the Indian market, pinpointing the BSE Sensex at a critical 61.8% retracement level. Resistance is expected unless prices convincingly surpass this level. A similar pattern is highlighted for the Hong Kong Hang Seng Index, hovering around its 61.8% retracement. A potential resistance near old highs is observed. A similar pattern is highlighted for the Hong Kong Hang Seng Index, hovering around its 61.8% retracement. A potential resistance near old highs is observed at the German DAX. Moving to US indices, including the NYSE Composite, points to key resistance at the 78.6% retracement. In the bond market, the analyst reports strength in the US dollar and rising yields, noting range-bound conditions.
Principled
Comprehensible
Accurate
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