FX:XAUUSD is testing the resistance of the range, the market maker is capturing liquidity around 2328 and is not ready to let the price go yet. Trading inside 2328 - 2300 continues. On Sunday we discussed the bullish trend, correction and the fifth wave that may get its start after the end of the correction. Yesterday price tried to form a confirmation of the...
FX:USDCAD touched the bottom of the ascending channel with the confluence of Weekly order block and multiple FVG. NFP was nicely used for the manipulation below PWL. Now can see displacement to the upside with H1 BPR. I believe next week will see a bullish expansion. In the COT we can see that longs are being added and shorts closed which are below the average...
I have observed a clear bullish signal on the USDCAD chart following a successful test of an important support level. The price has created an ascending triangle pattern on the 4-hour chart and has broken above its neckline. I anticipate that the price will soon reach levels of 1.3739 and 1.3800.
Market Observation: Amidst the ongoing meme coin frenzy, PEPE appears to be consolidating for a potential upward movement. With a recent higher high and temporary shift in structure away from the downside, there's anticipation for a higher low formation. Trade Setup: Entry: Consider entering the trade between $0.00000650 - $0.00000725, aiming for a favorable...
Here are some levels of interest that can help us find if we make a higher low, new low, or new highs in this weekly period. L3 to H3 represents projected range. L4 and H4 are breakout points to upside and downside.
Turbo is in the upward phase of its trend, and there is still room to reach the goals, based on the support and resistance points, the upward phase of Turbo can be well observed in the daily time.
On the above 2-day chart price action has corrected over 60% since the 200% move in September (idea attached). A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action backtest on past resistance confirms support. 3) Volume. Money Flow resistance breakout. I don’t know why, but more...
FET has hit a 6.85 just as it did in its last market cycle top. I think that from here there is a chance that it dumps down to the 2.618 area as an initial dump. This is approximately around $1.22. Once this initial dump takes place, it will likely do a nice bounce back upwards, which typically sets up another dump/short opportunity. This bounce will probably...
NASDAQ:META had a good run, but now that run is coming to an end. I started buying puts today when price was at $524. I bought 6/21 $300P. There's a chance price could break the current highs, but it wouldn't change my bias. I think starting later this month, we're going to start to see a large move down in META. Overall, I think there's a possibility that...
Market Structure Bearish on Higher Time Frames Weekly and Daily at the same AOi Weekly Rejection from AOi Previous Weekly Structure Point Daily Rejection Candles Daily EMA Retest Around Psychological Level 1.26000 H4 Candle stick Rejection SOS 1:5.26% Entry Signal 95% REMEMBER: Trading is a Game Of Probability : Manage Your Risk ...
A Dangerous Head & Shoulders Pattern is forming on Nifty charts.(Pending confirmation) If we get a confirmation candle tomorrow or if the support zones of 22240 to 22186 are broken and if we get a closing below 22186 there will be confirmation for the same. If we get a confirmation of Head and shoulders pattern bears will have potential to drag Nifty further down...
On the above daily chart price action has corrected 40% from the recent high of 20 cents. Price action is about to return there. Why? 1) Price action and RSI resistance breakouts. 2) Price action confirms support confirms on resistance. 3) Bull flag breakout forecasts a 50% move in price action. Is it possible price action corrects further? sure. Is it...
Rocket lab is recovering very fast from past week hard drop Closing a candle above purple trendline will start a new strong up move I think it will happen next week during earnings
It seems as if the SEC and government do not like crypto at all. Unfortunately, our bags aren't safe. Soon or later they will realize that they have to innovate and beat other countries to the punch when it comes to Crypto. For now we must bleed. It sucks but that is the reality, but as long as bitcoin can remain in these levels we can remain bullish for the time...
INTC Daily Chart Analysis INTC has faced significant challenges for investors. It remained in a sideways market from November 2017 to May 2022, lasting almost four years. In May 2022, its 'sideways' market became a 'Distribution' stage as the price broke down, entering a downtrend. The downtrend was sharp between May 2022 and October 2022, resulting in a 42%...
End of day update from us here at KOG: A quiet day today only allowing the red box scalping strategy to take effect while price ranged and accumulated through the day. Yesterday we said we would like to see this go higher into the 2330-35 region which was close and again was rejected. Our bias level target shared today was 2310 which was hit, with the bias...
On the above 2 month chart price action has enjoyed a 340% rally from the $7 lows of 2016. A number of reasons now exist to take a bearish outlook. 1) Broken market structure printed in 2013. Confirmation of broken structure printed recently in March 2022 (yellow arrow). 2) Trend reversal. Lower high replaces higher high. 3) The rising flag pattern is...
In this idea, I'll tackle the bullish pattern, inverse head and shoulders forming for $BINANCE:NEARUSDT. Currently, it is sitting on the neckline, and I've been monitoring this coin two days ago. I'm now lending this idea as it could have a potential for a breakout anytime soon. More details for the technical analysis for NEAR in my idea threads below. Stay tuned :)