WEEKLY
DAILY
4 HOURLY
Our Technical analysis are based on Cloundra Propriety system, which has proven 85% accuracy in providing the next market movement. Readers need to learn Cloundra Trading System for them to understand this technical analysis.
Weekly: The weekly chart is not giving any clear direction just yet, however; if WKLY GREEN Trendline breaks then we can expect an upper COD. Right now we can expect the market to retrace to the south for a week or so before it can head back north for trendline break.
Daily: The market will continue to move down to 38.2% of the previous move. once this is achieved we can expect a higher move for leg b/2 and then again to the south for C-3 type trade.
H4: The Market on 4 hourly charts is in alignment with the Daily Time Frame, where it's required bear trend to continue to the 38.2% on Daily.
Next trade setup: We will be aiming to focus on H4 for short term trading, wait for the market to retrace on H4, before entering Short on 1 TFL. Once this Short trade is completed, wait for the market to complete leg 2/B to the up then we will trade C-3 type trade short again.