Time Frame: - Weekly & Daily for analysis - 4 Hour for execution Trend: Currently in a LTF uptrend (pullback) within a HTF downtrend - Weekly = Down - Daily = Up My hypothesis for this pair (orange price prediction) is for this daily pullback to continue in order to sweep further liquidity from the larger (green) trend that had been in control since mid-2021...
(W) Chrt Anlyss/Current Opportunity & Longterm View with 4$rule for New Comer's. Aug 3rd week Price Rejection at 1808 from weekly low of 1681, where Bullish run was from 1681 to 1808 = 127$ Opportunity arise after bullish rejection with Bearish Trend For :- 1st Tp at 1729 2nd Tp at 1711 3rd Tp at 1690 With Hedge point at 1752 ( Strong Major Support is...
Long above 318, T1 - 328.25, T2 - 338.40, T3 - 350.80...... SL 296.95-290 Short Below 290 - T1 - 282.75,T2 - 274.65, T3 - 268.90...... SL 318
If this line is supported today, it will have an upward trend But the rising flag indicates a price correction
This is not financial advice. I'm just starting to post stuff more frequently. Hopefully the first of many.
In a market where most stock valuations have skyrocketed to Mars, Lumen Technologies is one of the bright exceptions, being perhaps one of the safest investments available, for the investor to sleep soundly at night. LUMN has great fundamentals and is a much underestimated VALUE STOCK, ready to change the declining trend of many years to rising. In an article...
MACD going upwards Maybe there is a retest, then we go upwards again We can also go down ALTS are bleading
I have now been thinking since the 12th that a retest of that Marabozu was needed before we could move higher. I did not expect to go as high, and I am highly suspicious of the neck-breaking pace of sentiment change in the space. Too many loudly bullish peeps out there for my liking, and this is an indicator as good as any other so I keep thinking this could turn...
We're currently testing the 23.6% Fib support level, which if broken can cause the price to fall to the neckline. The second shoulder shouldn't top the first one. A further correction downward could face two possibilities, a rebound around the 2 stdev Bollinger band followed by a retracement once the 1 stdev Bol Band is hit, or straight to the lower trend line.