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Weekly Review: XAUUSD, #SP500, #BRENT | 16 October 2026 $25 for a risk-free start! Register, complete verification, enter promo code INDOINVEST10 in your Personal Area, and get a trading bonus with no deposit required. XAUUSD: BUY 4202.88, SL 4142.88, TP 4334.88 Gold starts the week with support from a weakening dollar and falling oil prices. Cheaper energy reduces fears of an immediate Fed tightening and improves the position of the metal, which does not yield interest income. At the same time, uncertainty in the Middle East maintains interest in safe-haven assets, despite reports of an energy truce in Europe. The main test will be US inflation data: a slowdown could ease yield pressure and support XAUUSD. However, the October Fed pause is already largely expected, and the probability of a December rate hike remains high. Therefore, the growth idea assumes a calm reaction from the bond market to the statistics; accelerating prices and a strengthening dollar could cancel it out. Trading idea: BUY 4202.88, SL 4142.88, TP 4334.88 #SP500: BUY 7836, SL 7766, TP 8011 The corporate earnings season becomes the main test for US stocks. Results from major banks are scheduled for Tuesday, and the current valuation of quarterly profit growth for index companies stands at 29.6% year-on-year. This supports demand for stocks, but strong expectations require confirmation: past results are important, but so are company forecasts. Falling oil prices can ease business costs and reduce concerns about further rate hikes. The limitation remains the high yield on US bonds: it raises investors' requirements for corporate profits. If earnings meet expectations and inflation data does not intensify the pressure on the cost of money, the weekly scenario allows for #SP500 growth. Trading idea: BUY 7836, SL 7766, TP 8011 #BRENT: SELL 101.36, SL 104.36, TP 95.36 For oil, the main change has been expectations of supply expansion. US statements about supplying Russian diesel and stopping attacks on energy facilities weaken deficit fears. However, the durability of the announced truce has not yet been confirmed by both sides. Pressure on #BRENT arises through reduced disruption risk, not through proven production increases. At the same time, attacks on tankers and the expansion of the conflict in the Middle East maintain the threat to export flows. Therefore, the weekly downside idea depends on the emergence of confirmations regarding supply availability and the absence of new serious disruptions. While the market assesses the possibility of a deficit reduction, selling #BRENT remains the base scenario; worsening transport security could cancel it out. Trading idea: SELL 101.36, SL 104.36, TP 95.36 Up to $20 per lot with real funds - get guaranteed income by joining the promotion Cashback! You can find more analytical information on our website.
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roboforex Market Fundamental Analysis by RoboForex
RBFX Support replied to RBFX Support's topic in Fundamental Analysis
The Fed and US inflation will determine BTC's direction Bitcoin is strengthening ahead of US inflation data, with the price currently hovering around 83,555. BTCUSD forecast: key takeaways Investors are awaiting the release of the US Consumer Price Index on 14 October On 5 October, the CFTC proposed establishing a federal oversight framework for cryptocurrency trading platforms BTCUSD forecast for 12 October 2026: 85,300 Fundamental analysis The Federal Reserve remains a key factor for Bitcoin. Investors are awaiting the release of the US Consumer Price Index on 14 October. An acceleration in inflation could reinforce expectations of further interest rate hikes and reduce the appeal of risk assets, including BTC. Escalating tensions in the Middle East and attacks on energy infrastructure are making investors more cautious. Although Bitcoin is sometimes regarded as an alternative to traditional financial assets. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the authorās private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team- 576 replies
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AllForexnews replied to AllForexnews's topic in Fundamental Analysis
[B]Date: 12th October 2026.[/B] [B]Dow Jones & Gold: Whatās Driving the Rebound.[/B] Gold and the stock market are declining after originally increasing during this weekās market open. The u-turn comes as the US Dollar and Oil prices rebound. The recent key drivers are Russia and Ukraineās energy ceasefire and also the tensions between Yemen and Saudi Arabia. However, markets expect more volatility and greater clarity following the release of US consumer and producer inflation data later this week. This week will also see the start of earnings season, with major US banks making their earnings reports public. So far, the Dow Jones is the best-performing US index, while the NASDAQ is witnessing the strongest decline. Dow Jones - Earnings & Inflation The Dow Jones rose 0.35% during this morningās opening hours, rising to its highest level since 25 September. The upward price movement potentially may have been due to the better market conditions, including the weaker Dollar, lower oil prices, and the decline amongst bond yields. Investors may have also been continuing last weekās trend as the market gets ready for this weekās earnings data. However, as the European open edges closer, the positive market conditions are fading. The US Dollarās decline has come to a halt, and oil prices have risen 2%. For this reason, markets are becoming cautious, but the VIX index remains 1% lower, maintaining a ārisk-onā sentiment. The main market pressures are currently coming from high bond yields and the Middle East. The geopolitical tensions in the Persian Gulf and the risk of Houthi disruptions to the Bab-el-Mandeb Strait, a key oil shipping route, remain in the spotlight. Meanwhile, easing Fed hawkishness, stabilising inflation, and signs of economic cooling weigh on prices. Currently, 82.8% of the market believes rates will remain unchanged in October. This is likely to remain the case unless inflation rises higher than the current expectations. For this reason, this weekās events will be vital in determining how the index will move in the upcoming days. Markets expect the US inflation rate to rise from 3.4% to 3.6%. If the inflation rate rises above this level, the Dow Jones can come under pressure, particularly if oil prices also remain above $90. However, if inflation does not rise to 3.6%, the Dow Jones may continue to rebound higher. The possible rebound will be particularly strong if supported by positive earnings data. Goldman Sachs Earnings Report The Dow Jones will be strongly influenced by the earnings reports of Goldman Sachs, UnitedHealth, Johnson & Johnson and JPMorgan. However, the strongest driver will be the earnings report from Goldman Sachs. Currently, Goldman Sachs stock is the most influential for the index as it holds a weight of more than 10%. This year, the stock has risen almost 6%. Analysts expect earnings per share of approximately $12.90 and revenue of $16.87 billion, representing an estimated 11.1% annual revenue increase. The bank is expected to benefit from stronger investment banking activity, particularly mergers and acquisitions, corporate advisory services, and underwriting. However, trading revenues could face seasonal pressure following an exceptionally strong second quarter, while rising operating expenses may weigh on profitability. The fundamental outlook for Goldman Sachs remains cautiously positive, supported by continued demand for investment banking services and corporate transactions. The bank has exceeded earnings expectations for four consecutive quarters, increasing expectations for another positive surprise. However, tomorrow's market reaction will depend not only on whether earnings exceed forecasts but also on trading performance, cost management, and management's outlook for Q4. If Goldman Sachs shares increase in value after tomorrowās earnings release, the Dow Jones can also find major support. However, the upward price movement will also depend on the US Consumer Price Index as well as the less important earnings reports. Will Goldās Rebound Continue? Gold, which has been struggling since late August, rose in value at the end of last week, taking the price to a key resistance level. The increase was partly driven by investors taking advantage of lower prices following Wednesdayās sharp decline. Additionally, expectations that the Federal Reserve will keep interest rates unchanged in October provided further support. So far this morning, the price has seen an impulse wave in both directions. In the medium term, the Consumer Price Index and Producer Price Index will help determine Gold's price action. Whereas, in the short term (Monday alone), markets will continue to monitor developments in the Middle East, bond yields, oil prices, and the US Dollar. If the US Dollar Index remains above 102.00 and bond yields record a daily gain, Gold will struggle to maintain bullish momentum. In the medium term, higher inflation rates could result in an October rate hike and potentially weaken Gold prices. Key Takeaways: Russia-Ukraine Ceasefire: Prospects of a ceasefire remain a key factor influencing global market sentiment. Corporate Earnings: Upcoming earnings reports could drive stock market volatility and influence investor confidence. Fed & Inflation: Stabilising inflation strengthens expectations that the Federal Reserve will keep interest rates unchanged in October. Middle East Tensions: Escalating geopolitical tensions raise concerns over oil supply disruptions and increased market uncertainty. [B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business.[/B] [B]Please note that times displayed based on local time zone and are from time of writing this report.[/B] Click [URL='https://www.hfm.com/hf/en/trading-tools/economic-calendar.html'][B]HERE[/B][/URL] to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click [URL='https://www.hfm.com/en/trading-tools/trading-webinars.html'][B]HERE[/B][/URL] to register for FREE! [URL='https://analysis.hfm.com/'][B]Click HERE to READ more Market news.[/B][/URL] [B]Michalis Efthymiou HFMarkets[/B] [B]Disclaimer:[/B] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. 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Market Technical Analysis by RoboForex
RBFX Support replied to RBFX Support's topic in Technical Analysis
USDJPY poised to extend its gains in line with the broader trend The USDJPY pair retains upside potential amid a record rise in government bond yields, with the rate currently standing at 158.40. Technical outlook On the H4 chart, the USDJPY pair has formed resistance at 158.45, while the nearest support lies around 156.65. On the daily D1 timeframe, the key support level is located at 155.30, with resistance near 159.00. The broader trend remains bullish, although the price is currently consolidating within a sideways range. In the short term, the USDJPY pair retains the potential for further gains, bolstered by a strong US dollar and the substantial interest rate differential between the US and Japan. Read more - USDJPY Forecast Attention! Forecasts presented in this section only reflect the authorās private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team -
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James Dalton: Live Markets Seminar - Shadow Trader
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I just shared it in the VIP Vault "Forex" section..... https://indo-investasi.com/forum/256-forex-education-for-vip/ -
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Fundamental Market Analysis for October 12, 2026 USDJPY USDJPY: $25 for a risk-free start! Register, complete verification, enter promo code INDOINVEST10 in your Personal Area, and get a trading bonus with no deposit required. After raising the rate to 1.25% in September, the Bank of Japan remains on a path of policy tightening. Expectations of another hike by year-end support the yen, although the dollar's interest advantage persists. Japanese markets are closed today for a holiday, so reduced liquidity may amplify the currency's reaction to external news without changes in the domestic economic picture. The decline in oil prices at the start of the week potentially eases Japan's energy import costs. This is a favorable factor for the yen, while for the dollar, reduced energy pressure diminishes the urgency for further Federal Reserve tightening. In the current session, this combination allows for a reduction in demand for dollar positions, but it does not itself prove a reversal of US monetary policy. High yields on US assets limit the scope for a bearish USDJPY idea. A resumption of oil price growth could again worsen the yen's position, and the risk of action by Japanese authorities cannot be considered confirmed intervention. With a calmer energy backdrop, expectations of a Japanese rate hike provide grounds for moderate yen strengthening. Trading idea: SELL 158.20, SL 158.50, TP 157.60 Up to $20 per lot with real funds - get guaranteed income by joining the promotion Cashback! You can find more analytical information on our website.
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The AI race is going into debt: the market starts counting the cost The US stock market remains close to record levels, but one of its key growth drivers is beginning to create a new problem. The massive construction of data centers and purchases of artificial intelligence equipment are increasingly being financed not with companiesā available cash, but through new borrowing. In the current session, #NQ100 is trading around 31,118 points, following a recent rise above 31,200, while #SP500 is trading near 7,794 points, retreating from levels above 7,830. So far, the move looks more like a minor correction after a strong rally. However, the increase in corporate debt has coincided with US Treasury yields remaining near multi-year highs. Want to protect yourself from a stop-out? If you lose your deposit, FreshForex will compensate 50% of your insured funds! Learn more $25 for a risk-free start! Register, complete verification, enter promo code INDOINVEST10 in your Personal Area, and get a trading bonus with no deposit required. Why Is AI Becoming More Expensive? Technology companies are increasingly borrowing money. Over the past year, Alphabet, Amazon, Meta, Microsoft, and Oracle have issued around $220 billion in bonds, directing a significant portion of the capital toward data centers, computing capacity, and other AI infrastructure. Debt is starting to compete for investorsā money. At the same time, the US government is issuing huge amounts of debt. The more new securities enter the market, the higher the yields that need to be offered to investors, making it more expensive to finance further growth. High yields are already weighing on stock indices. Rising borrowing costs are particularly sensitive for technology companies, whose valuations are largely based on future earnings. As a result, #NQ100 is becoming increasingly dependent on whether the debt market can stabilize. #Oracle Shows the Other Side of the AI Boom Oracle (#Oracle) is a good example of how the market has started to assess not only the prospects of artificial intelligence, but also the cost of financing them. The company is aggressively expanding its cloud infrastructure and data centers, but this requires it to significantly increase borrowing and long-term financial obligations. At the beginning of September, #Oracle shares rose above $165, before pulling back and now trading at around $143.59. This means that despite strong demand for computing capacity, the stock is approximately 13ā14% below its recent high. For traders, this is a telling signal: the market is no longer willing to automatically reward every new AI investment if it comes with rapidly rising debt. The situation becomes particularly important against the backdrop of high interest rates. The yield on 10-year US government bonds remains above 5%, while the technology sectorās enormous capital requirements are putting additional pressure on financing costs. According to FreshForex analysts, in the short term, increased pressure on US indices is more likely than another rapid move higher. #NQ100 has so far failed to firmly break above the 31,200ā31,300 area, while #SP500 has retreated from levels above 7,830. If borrowing costs continue to rise, #NQ100 could correct toward 30,700ā30,900, while #SP500 could move toward 7,700ā7,750. The performance of #Oracle around $143.59 further shows that investors are already becoming more selective when it comes to companies financing their AI expansion through debt. Our trading terminal offers 250+ instruments, including CFDs on stocks, indices, and crypto assets. Follow the trends and seize the opportunities! Profit from the AI race
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roboforex Market Fundamental Analysis by RoboForex
RBFX Support replied to RBFX Support's topic in Fundamental Analysis
US Tech rises as expectations of a Federal Reserve rate hike decline The US Tech index maintains its upward momentum, supported by declining expectations of a Federal Reserve rate hike. The price currently stands at 31,016. US Tech forecast: key takeaways The yield on 30-year US Treasuries reached 5.618%, the highest level since 2000 The US services PMI stood at 58.8 Fundamental analysis The published services PMI data indicates that the US economy continues to expand at a strong pace. The actual reading came in at 58.8 points versus the forecast of 58.7 points and the same reading in the previous period. The index remains well above the 50-point threshold that separates expansion in economic activity from contraction. Yesterday, the US Treasury placed 30-year Treasury bonds worth a total of 22 billion USD. The auction yield reached 5.618%, the highest level since August 2000. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the authorās private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team- 576 replies
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AllForexnews replied to AllForexnews's topic in Fundamental Analysis
[B]Date: 9th October 2026.[/B] [B]Gold and S&P 500 Rebound: Can the Rally Continue?[/B] The market risk appetite is improving on Friday as President Trump indicates that the US will not strike Iran before the midterms. The US blockade of the Strait of Hormuz will remain intact but the US military is likely to remain inactive unless serious threats arise. Political experts say the White House will look to lower oil prices as the US midterms approach. This would be three weeks of possible calm in the Middle East. As a result, oil prices, along with bond yields, are falling slightly, allowing for ārisk-onā market conditions. The best-performing assets of the day are currently metals and the stock market. In addition, a key factor is earnings season, which is only a few days away. Earnings Season - OpenAI Eyes $70 Billion in Revenue by Year End The quarterās earnings season will start on Tuesday 13 October, with major US banks and the healthcare sector announcing their reports. On Tuesday, JPMorgan, Goldman Sachs, Johnson & Johnson, and UnitedHealth Group will make their third-quarter reports public. The release will mainly impact the S&P 500 and Dow Jones, but could also affect other stocks. The S&P 500 and Dow Jones are more exposed to these sectors, but the results can impact investor sentiment in general. As a result, all global indices could experience volatility and new trends. The technology sector will start releasing quarterly earnings reports on October 21 October with Tesla and Lam Research Corporation. The three main US indices, the NASDAQ, S&P 500, and Dow Jones have struggled in the past two days, but are quickly rebounding as earnings expectations boost demand. Of particular interest are OpenAIās latest statements regarding its revenue expectations. OpenAI expects its annualised revenue to reach or exceed $70 billion this year, compared with approximately $50 billion at the end of September. The change represents a potential 40% increase. This growth is expected to be driven primarily by rising demand for its enterprise AI services as businesses increasingly adopt artificial intelligence. The company is also reportedly seeking to raise $30 billion in new funding at a valuation of $1.4 trillion. The announcement follows concerns over OpenAIās revenue figures, which contributed to selling pressure across technology and AI-related stocks. Despite these concerns, the latest projections highlight the rapid expansion of the AI industry and its growing importance to investor sentiment. S&P 500 Rebounds As Earnings Edge Closer The S&P 500 is trading close to 0.30% higher during this morningās Asian session, but is still forming lower lows and lower highs. For this reason, investors will be cautious about the indexās direction and market signals. Currently, all indices are trading higher with the Nikkei 225 and NASDAQ seeing the strongest gains, while the Dow Jones is recording the weakest increase. The fact that gains can be seen across all global indices remains a positive indication. The VIX Index is trading 1.30% lower, while index components are trading higher in pre-market trading. These factors indicate a possible rebound, however, the put-call ratio and McClellan Volume Summation Index are indicating weakness in market demand. For this reason, the short-term indications remain positive, but medium-term risks remain. The medium-term outlook will also largely depend on earnings reports. If earnings fail to impress, the index could fall, particularly as its trading very close to all-time highs. HFM - S&P 500 15-Minutes Charts In the 5-minute timeframe, the price is trading above the VWAP and the moving average. This is providing a bullish indication, however, if the price falls below $7,781.50, these signals will fade. Gold Rebounds, but Will It Be Limited? Gold is seeing a strong rebound after declining on Wednesday to the lowest price since 4 August. Slightly lower bond yields and weaker US Dollar are allowing Gold to rise. However, investors should note that both the Dollar and bond yields remain extremely high, which may limit the bullish trend unless market conditions change. According to the September FOMC minutes published yesterday, all 19 Fed policymakers supported an interest rate increase, with over 60% anticipating another hike this year. The probability of a year-end hike reached 69.3%, its highest level this year. The likelihood of rates remaining unchanged in October stands at 81.2%. However, most economists believe nothing has changed in the longer-term interest-rate outlook. As the price rose 2% on Friday, Gold is now trading at a key resistance level. However, as Gold rises, the US Dollar Index is not continuing to fall. If the US Dollar Index remains above 101.80, Gold may struggle to continue the current trend. HFM - Gold 15-Minute Chart Key Takeaways: Reduced geopolitical tensions in the Middle East, alongside lower oil prices and bond yields, are supporting risk appetite. Major US banks and healthcare companies begin reporting on 13 October, with results expected to influence broader market sentiment. Global indices are recovering, supported by earnings expectations and OpenAIās projected $70 billion annualised revenue. However, medium-term risks remain. Gold is rising 2% as bond yields and the US Dollar weaken. However, expectations of another Fed rate hike and key technical resistance could limit further gains. [B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business.[/B] [B]Please note that times displayed based on local time zone and are from time of writing this report.[/B] Click [URL='https://www.hfm.com/hf/en/trading-tools/economic-calendar.html'][B]HERE[/B][/URL] to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click [URL='https://www.hfm.com/en/trading-tools/trading-webinars.html'][B]HERE[/B][/URL] to register for FREE! [URL='https://analysis.hfm.com/'][B]Click HERE to READ more Market news.[/B][/URL] [B]Michalis Efthymiou HFMarkets[/B] [B]Disclaimer:[/B] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
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Market Technical Analysis by RoboForex
RBFX Support replied to RBFX Support's topic in Technical Analysis
EURUSD stabilises as US bond yields hit new highs and problems in France and Germany intensify The euro has stabilised, with a sideways trend forming ahead of a further decline. The EURUSD rate is currently trading at 1.1230. Technical outlook On the H4 chart, the EURUSD pair maintains a downward trajectory. The nearest support level has formed at 1.1160, while key resistance lies around 1.1265. On the daily D1 timeframe, the technical picture also indicates prevailing bearish sentiment. The fundamental outlook for the EURUSD pair remains predominantly bearish. Read more - EURUSD Forecast Attention! Forecasts presented in this section only reflect the authorās private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team -
which cycle analysis do you use in this graph?
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Fundamental Market Analysis for October 9, 2026 GBPUSD 17:30 EET. USD - University of Michigan Consumer Sentiment Index GBPUSD: $25 for a risk-free start! Register, complete verification, enter promo code INDOINVEST10 in your Personal Area, and get a trading bonus with no deposit required. The Bank of England remains focused on inflation: yesterday, Chief Economist Hugh Pill emphasized the need to curb price growth. At the September meeting, he and two other participants advocated for a rate hike. For the pound, this supports expectations of policy tightening, although the majority's decision to hold rates shows that the next step is not yet predetermined. UK budgetary risks limit the strength of this argument. Andrew Bailey highlighted the importance of credible fiscal policy amid stress in debt markets. Rising bond yields may reflect an increased risk premium rather than improved prospects for the pound. Therefore, confidence in funding government spending is crucial for sustained currency growth. In the current session, the pound is aided by a slowdown in dollar strengthening as US yields decline. The University of Michigan report could amplify this effect if it confirms deteriorating consumer sentiment. Conversely, a strong result alongside rising inflation expectations would support the dollar. With the US interest rate momentum weakening, BoE expectations provide grounds for moderate GBPUSD growth. Trading idea: BUY 1.3240, SL 1.3210, TP 1.3315 Our company provides the opportunity to earn income not only from your trading. By attracting clients within the affiliate program, you can earn up to $30 per lot! You can find more analytical information on our website.
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I don't trade Nifty and this is the first time I am seeing a Nifty chart. A little surprised that it has many price gaps. I have traded Chart Patterns about 15 years ago and was only mildly successful. But this chart is interesting. Here are my comments purely from a Chart Pattern trading point of view. PLEASE NOTE THAT I AM NOT AN EXPERT NOR DO I CLAIM TO BE. THE FOLLOWING ARE JUST MY COMMENTS. The Double Bottom (DB) is still in a pending state as the price can go down further although it appears to have reached a S&D zone. It is a M shaped DB instead of a W shaped DB. Increases the possibilities of some Harmonic Patterns forming that will provide some confluence for the turning point. If the price does go down lower than the left trough and then goes up again and then form another pivot, it shows possibility of stop loss and sell stop hunting. (liquidity sweep?). This shows the possibility of Smart Money is in play and increases the possibility of Smart Money will bring the price up. The last downward wave shows a possible Elliott Wave 5 wave Impulse. Wave 5 of this 5 wave Impulse also shows that it has its internal 5 wave near completion (5 wave of 5). To test the completion of Wave 5, you can check (using the daily chart) if there is a divergence between price and indicator, possibly using an ElliottWave Osc or any Oscillator ie Stochastic. Because of the existence of this 5 wave Impulse wave, it might be preferable to trade from a Elliott Wave methodology while having the knowledge that Double Bottom is providing some support to the price movement. If Harmonic pattern is also detected, it increases the potential of a possible reversal. If Wave 5 is deemed to have completed (via a divergence), trader may choose to enter (per AdancedGET style), a Linear Regression channel is plotted for the last wave. Enter when price crosses over the Linear Regression upper band. To find tune entry, go to the H4 or H1 to enter. This reduces the risk and increase the R:R SL is set as below the trough and 1xR is calculated from SL to Entry (on Daily chart). Money and risk management is dependent of the trader's personal preference.