At 6am we witnessed a bullish breakout candle breaking past the 0.67572 resistance zone. Before price continues in a bullish continuation trend, there will be a retest of this key level along with the 50% Fib level.
Price should retrace from this level and continue heading up. We have two targets in place:
Target 1 is placed at 0.67876
Target 2 is placed at ...
Last post: April 19th. See chart.
Review: Price was approaching the resistance level from the April 2015 high.
Update: Price is now above the resistance level.
Conclusion: If price can remain above the resistance level then we may see the start of another bull trend in this stock.
Any comments or questions, do not hesitate to leave them below. Give us the ...
we are approaching a strong demand zone as shown on the chart. we can look to open long positions from 1.13604 and 1.13061.
Best option and the safest option is to wait for price action confirmation before taking longs at either of the levels mentioned.
In the screencast I show hard evidence from the chart refuting media reports which say that a bull market on Wall Street is back. This evidence is available to everybody.
There has been a bull rebellion over the lat 4 weeks but that doesn't mean that this is a bull market - at all!
If you're a forex trader or stock trader this is important. Why because what ...
Price currently hovering at the 0.38 fib retracement zone, looking for further bullish price action on this pair as per long term key support and resistance zones on higher time frames on Weekly, Daily.
Allow for confirmation of price before entering.
Target 61.8 Fib (142.325) following to next Resistance zone 144.507
Stops - no more than %2 of capital risked ...
Breakout of the range this pair was trapped in since October and price retraced to the 61.8 to retest 1.15 psychological level and should bounce back to the upside.This zone holding as support and price action currently consolidating on the lower timeframe, implying a potential bullish impulsive move. Clean charts giving importance to pure price action and market ...
Rally from Jan 17 to Jan 18, now a 61.8 % fib retracement of that. March 15 and Dec 16, double bottom plus positive divergence RSI and price (i.e. lower price but RSI nog making new low). In Elliot wave terms could be Jan 17 to Jan 18 Wave 1, retrace to 61.8 % wave 2 and now wave 3 unfolding.
This should be evident fairly quickly
If not then something else is ...
On the audusd there seems to be a strong support on the weekly so I decided to head over to the daily and I noticed a downward channel has been created consisting of lower highs and lower lows.
Hoping for price to retest previous support structure so I can go long.
Use lower timeframes to monitor movement and enter trade if necessary.
In the area of around the 1,12700 looks to have a large amount of Buyers waiting to get price cheap and take long positions. Price has already bounced into this area before, price could be set to do so again. A the Bulls will be ready.
It seems as though the 61.8% retracement level is holding. Time will tell until we can determine whether this level is the final low before a correction upwards, past previous short-term highs.
This level is also key support and past resistance which adds to the strength of this level and its chances of holding.
On the ...
Triple hit of support with RSI divergence.
Using heikin ashi smoothed (2-2) waiting for confirmation green candle.
Health and momentum is weak
Simple analysis but don't need to overthink this one.
Enter trade on 4 hour for tighter stop loss VERY important you know how to do this right.
What's you think Bearish or Bullish please leave a comment and explain why
Bearish trend and tight squeeze this is going to have a big move but what direction?
I will wait for a confirmation candle on 1d then take the pull back on a lower time frame
Following a bullish breakout of a descending channel pattern my price prediction for bitcoin of around USD $4000, and then some retracement can be expected, but it looks like the bulls are gaining strength once again. Most of the panic sellers have probably sold their bitcoin now to institutional investors, and the remaining HODLers are optimistic that prices will ...
We have seen bullish pin bar and market is in uptrend on weekly , daily and 4hrly time frames. In addition we have seen a ringed low formation with second candle have lower low and lower high below the previous candle. In addition 10 EMA is above 20 EMA. All this 3 signals are in favour of bullish move of this market and we would be looking going long with entry ...
Ok, for me Neo still may well fall back again but i think here would be a good risk reward scenario, against btc neo broke through the moving averages i use on the 144 minute interval, so it stands a good chance of good performance against BTC ...