DX1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci, Pitchfork , Cup and Handle - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational,...
$TRU has been pumping since last one week now. After breakout from pennant price has made a 50% pullback on Fib and a rebound from resistance-turned-support zone, giving us a perfect confluence entry. I am targeting TP around 0.16 which is at next weekly resistance zone. Hope this plays out well in this choppy market.
Hi All, On the 4hr chart we see a CMF bullish divergence which could be an indication that Aragon is preparing to break out from it's descending triangle and head back up to retest the previous highs. There's a good Risk Reward ratio even with a conservative stop loss, I'd usually have this tighter but we're seeing big volatility at the moment. Feel free to...
Price is attempting a retest of the white 2022 trend line. There’s a confluence of the trend line, the green parallel channel, and price level 3880. 3880 is a level I’m watching due to similarities between now and 2011 which turned out to be a fake crash year. That idea is linked as a related idea below. The confluence occurs on Friday of this coming week. ...
Solana after bringing us a Weekly Double MACD Bullish Divergence Below Support has managed to Spring Back into the Major Support Zone that is confluent with a 1.618 Bullish Shark and is now Preparing to Bullishly Engulf the previous weekly candle in an attempt to hook on to the zone. This can lead to us confirming the Old Support Zone as Support Again where we...
Reading price action we can see that USDJPY has shifted up in momentum creating higher highs and higher lows. The price has now broken previous areas of interest and is now testing as new support. Reading the structure we can see the price is creating an inverted head and shoulders in confluence with a flag formation. Notice how the price has failed to break this...
Hello guys, I've put ghost candles on the chart to show you what I want to see to support my Gold, EU, AU long setups. So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA. Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to...
Gold is currently in a bullish trend, as evidenced by the ascending megaphone pattern on the 4-hour chart. The ascending megaphone is a bullish continuation pattern that occurs when prices are making higher highs and higher lows, and is characterized by converging trendlines that form a megaphone shape. The upper and lower trendlines of the megaphone can be used...
Reading the daily time frame we can see price is on an uptrend creating higher highs and lows. Price has broken above a previous area of resistance and is now holding at support with signs of rejection. If the price manages to hold above 1.09000 we can see the price reach 1.11500 key psychological. If the price manages to break we must reevaluate price...
another one for the resistances wing of the future of finance gallery could dump anytime, i think by the 20th, maybe tomorrow along with a dxy bounce from the debt ceiling soiree trying to learn timing as a hedge against volatility and hunting (circle = radius is 2021 tops; spiral = original radius is june 2022 triple bottom. visually fit)
this is why i'm macro bull *reminder to pinch/squeeze scales to snap shapes back into place, shoutout to my fav tradingview glitch* i'd posted an idea like this before when i was just a baby, monthly spiral made from 21 tops then visually fit, but i jumped the gun and didn't consider diff orientations, or fit to wicks...so i tried to be more careful here. could...
price confluence trading, trend analysis, beyond technical analysis
multiple corresponding indicators are pointing to 5.50 being our next TP with nothing to stop us between here and there
CURRENCYCOM:US100 Nasdaq is moving bullish after breaking out of a resistance level and retesting on the same resistance it broke out, turning it into support. Price retraced at the 38.2% Fibonacci retracement level and a bullish engulfing candle to create a high confluence setup for a buy on Nasdaq.
Hello,Traders! Here is another dimension To the NG bullish forecast That I posted last week. In there we established That the price is about to retest The long-term rising support line From where the rebound is almost Inevitable. Now, the price has indeed Almost reached that support and today We are taking a closer look at the gas chart. As you can see the...
I could be dead wrong with what I'm about to say but trying to take a short even at 1800 doesn't match up with the rate hike next week. Tomorrow's JOBS # is the final piece of the puzzle; we'll know what's going on once the dust settles. But if the criteria (see image) is met, I'm definitely interested in going long into next Wednesday (FOMC).
XPEV is presently finishing out a falling wedge pattern. As shown on the 30-minute chart, exponential moving averages are falling and converging in the narrow area where VWAP is trending. At lower time frames a "Golden Cross pattern" A stop loss can be set under the double or triple bottom with a target being the 1/2 of the way to swing high about 10%...