The war is on and Market knew that the war is starting in 12 hours. How? Let’s prove it through 4 charts viz. XAU/USD (Spot Gold), USDollar Index (USDollar or DX), EUR/USD (Euro) and NASDAQ as they behaved exactly on 06.10.2023 at around 23:35 hours.
The unexpected rocket and covert incursions on Israel coincidentally occur on the half-century mark of the 1973 War. The 1973 war commenced with a sudden onslaught by Israel’s Arab adversaries on October 6, 1973, exactly 50 years ago.
Various news outlets have covered the Israeli Prime Minister Benjamin Netanyahu’s declaration of war on Hamas following an unexpected assault. Here are some insights: PBS NewsHour discussed the occurrence in their piece, “Netanyahu declares war on Hamas after surprise attack,” but the Markets start its reaction much in advance. Similarly, The Wall Street Journal reported on the event in their article titled, “Israel Declares War on Hamas After Surprise Assault From Gaza”, but the Markets start its reaction much in advance.
Lets start with NASDAQ 15 minutes chart as below:
NASDAQ started reacting exactly since Friday, 6th of October 2023 23:30 in an 15 minutes chart after printing the ASO* Bar (*N P Financials’ Proprietary) as shown below:
In a Daily timeframe, NASDAQ started reacting exactly since Wednesday 27th of September 2023 with a “Harami” Bullish Candlestick Reversal Pattern (at Support generated from Friday 18th of August 2023’s Trough at 14,553.1) followed by “Morning Star” Bullish Candlestick Reversal Pattern on Thursday 28th of September 2023 from the same support level and also from monthly swing low printed on September 2023 at 14,430. This was supported by “Piercing” Bullish Candlestick Reversal Pattern on Wednesday 4th of October 2023 from the same support levels as shown below:
EUR/USD (Euro) started reacting exactly since Friday, 6th of October 2023 23:30 in an 15 minutes chart after printing the ASO* Bar (*N P Financials’ Proprietary) as shown below:
In a Daily timeframe, EUR/USD (Euro) started reacting exactly since Monday 2nd of October 2023 with an “ASO” Bullish Reversal Pattern (at Support generated from week 1 of 2023’s Trough at 1.0483) followed by “Engulfing” Bullish Candlestick Reversal Pattern on Wednesday 4th of October 2023 from the same support level and also from monthly swing low printed on March 2023 at 1.0516. This was then supported further by “3 White Soldiers” Bullish Candlestick Reversal Pattern on Friday 6th of October 2023 from the same support levels as shown below:
USDollar Index (USDollar or DX) started reacting exactly since Friday, 6th of October 2023 23:30 in an 15 minutes chart after printing the ABO* Bar (*N P Financials’ Proprietary) at resistance generated from 1989 yearly swing high at 10,650 followed by “Bearish Engulfing” Candlestick Reversal Pattern as shown below:
In a Daily timeframe, USDollar Index (USDollar or DX) started reacting exactly since Monday 2nd of October 2023 with an “ABO” Bullish Reversal Pattern (at resistance generated from 1989 yearly swing high at 10,650) followed by “Bearish Engulfing” Candlestick Reversal Pattern on Wednesday 4th of October 2023 from the same resistance level and also from monthly Fibonacci drawn from September 2022 to July 2023 at 10,692. This was then supported further by “3 Black Crows” Bearish Candlestick Reversal Pattern on Friday 6th of October 2023 from the same resistance levels as shown below:
XAU/USD (Spot Gold) started reacting exactly since Friday, 6th of October 2023 23:30 in an 15 minutes chart after printing the ASO* Bar (*N P Financials’ Proprietary) as shown below:
In a Daily timeframe, XAU/USD (Spot Gold) started reacting exactly since Monday 2nd of October 2023 with an “ASO” Bullish Reversal Pattern (at Support generated from yearly close of 2021 at 1,829.4) followed by strong “Engulfing” Bullish Candlestick Reversal Pattern on Friday 6th of October 2023 from the same support levels as shown below:
It is quite obvious from the above pointers, that Market know the war is starting.
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