On the weekly chart, there was a sideways movement from May 2022 to June 2023. It had a breakout with an upward trend (two impulses). The price returned to this sideways range six weeks ago. For the past four weeks, it has been hovering near the upper boundary of the sideways range, unable to close any weekly candles above it. There's a high probability that the...
Especially for my beloved brother, who likes Microsoft (MSFT) stocks. On the weekly chart, we have a sideways pattern. The price has played out vector 10-11 and is currently forming a bearish vector 11-12 within the sideways range. The daily chart also shows a sideways pattern. The bearish vector 9-10 has been technically played out. However, a significant...
As you see here on Lowes, we are entering a demand zone. I will be looking to see how the heikin ashi candlesticks react to this level. I will also look for a bounce with high volume to validate my entry. Thank you as always for checking out my analysis.
The pair jut landed on a strong support zone. I just opened a long position, I know there is no price action yet but I prefer to deal with a tight SL, also It could shoot up overnight while I'm sleeping :D. On the other side, the Dollar looks strong among other pairs.
Following the significant downturn of the S&P500 yesterday, the forecasts I set out on October 23rd are taking shape. I had hinted at the potential outlook of a market correction in the last week of October, and now, we find ourselves in a critical zone that could signal a reaccumulation period for institutional investors. Below, I illustrate the technical and...
On the daily chart, the price is in a sideways range. The short vector 5-6 has been played out. Yesterday's candle broke the test level (84.39) of the daily buyer zone on volume. On the hourly chart, there is a trend. The level of 86.3 serves as support for the short trend. After breaking the daily level of 84.39, accumulation takes place. Since the short vector...
On the daily chart, the price is at the lower boundary of the sideways range. Yesterday's trading day favored the buyer with decreasing volume. On the hourly chart, the buyer resumed from the key impulse bar and twice attempted to breach the level of 4259.2 on volume but failed to do so effectively (failed to close an hourly candle above the level). The buyer...
On the daily chart, the price interacted with the lower boundary of the sideways range on decreasing volume. The buyer has not yet made a strong presence. On the hourly chart, a buyer's zone has formed at the lower boundary of the sideways range. It is more favorable to seek short positions from the daily candle of October 19, 2023, as previously mentioned....
The daily candle on October 22, 2023, closed above 29695, making it more favorable to look for long positions at the beginning of the week. As a result, on the daily chart, the price has effectively exited the sideways range. As long as the price on the daily chart remains above the boundary of the range, it is preferable to seek long positions, assuming that the...
Weekly analysis indicates a sustained bullish trend for EURUSD. Trading Strategy: Monitoring the 1-hourly chart for a potential Bullish Bat Pattern with an entry point at 1.0533. Cautionary Note: It's crucial to observe that point C touches point A in the formation of the Bat Pattern. This warrants caution and prevents me from placing a...
On the weekly chart, there was a sideways range from which a trend emerged (two impulses). Price returned to this sideways range five weeks ago, and no weekly candle has managed to close above the range boundary. There is a high probability that the price will test the lower boundary of the range at 3636. On the daily chart, the price is within a sideways range,...
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As you can see here we have approached a demand zone at immense speeds. I am looking for a breakthrough of the demand zone, retest and a flush down possible on monday. We are in an overall down trend on the 15-minute chart.
Spy is a buy right now. We are in a demand zone and heikin ashi candlesticks have turned green. I would wait to enter until we have a strong green candlestick on the 15 minute with high volume. #SPY
In keeping with the idea outlined in the linked post, I wrote about the possibility of an aggressive short trade from the 4340.75 defense. Such an opportunity did indeed arise. Explanations for the diagram. After the seller defended the level, the price updated the local minimum, which means it reached the mandatory target for a short trade. Since the deal was...
1) Following H4 structure. 2) Liquidation zone. 3) Unmitigated zone. 4) Expecting at least a reaction towards the H4 high.
Price is reacting to H4 demand, the goal is to follow it. If it breaks this level, it will increase the chance of a deeper pb on the daily timeframe. If that's going to happen, I believe it should be during major high impact news, such as CPI next week. THIS IS NOT FINANCIAL ADVICE!