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W1 - Price is still in the zone of a triple cycle ending up with resistance, we have a possible double top. We may now look for a correction in the form of two waves or a range. As long as the last top holds, we may look for a retrace to happen towards the 50% retrace zone. D1 - Second false break with divergence. Band to band movement. H4 - Triple cycle, the...
buy retraces on LTF will be the great plan here.
D1 - False break with bullish divergence H4 - Bullish convergence. H1 - Currently it looks like a pullback is happening, we may now look for evidences of bullish pressure in order to join the bulls.
BTCUSD we have a breakout above resistance if we get pullbacks this resistance can act as support. If we see a quick return back below the resistance, we’d likely be looking for a false break setup.
Bears can look for possible shorting opportunities on weak pullbacks on lower timeframes.
Notice the DAX's chart During the last two months, not only that it has recovered the majority of its losses, but its price also climbed back up above a weekly trend line. Basically, this is a potential false break (monthly) If this trend line will now HOLD as support again... there's a chance that we will see new record highs for the DAX before the end of...
USDSEK (4 hour) we have a false break with bearish divergence , if we get weak pullbacks I expect more downside.
H4 - As long as 125.70 holds (false breaks are acceptable) we can be looking for sell setups. The hidden divergence started turning into continuing divergence – bottom line is, there is bearish pressure. Testing the 125.40 level would be ideal. H1 - We can see bearish divergence already forming and the price is inside the resistance zone.
The bulls are losing steam after the breakout of the parallel channel
D1 - Double wave up, price reached 61.8 fibo zone and is moving lower. We also got false break of downtrend line. H4 - Bearish convergence, we may now look for pullbacks and sells with more bearish evidences. Invalidation: If the price moves higher and break above the last high (marked in yellow line) with momentum then this sell setup will be invalidated.
We just saw the false breakout of $71 price level. Now we're drawing right shoulder and there is a huge chance to see the big short movement here. Good risk/reward ratio. 1) Clear false break of the price level 2)Global trend: SHORT 3)H&S pattern 4)FIBO 61.8 from previous monthly downside movent 5) Price reached all the fibo goals from the local uptrend 6)Good...
H4 - We have a critical zone that has formed based on the top of the channel and a strong resistance zone. We may now expect one more push higher from the current zone towards this critical zone. We may then start looking for sells with bearish evidences. We already have two false breaks with bearish divergence so alternatively if the price moves lower from the...
XRPBTC has never been so oversold ! This is a false break down ! I bet XRP will snap back with vengeance and eventually take the lead in the cryptocurrency market ! I could be wrong but this may be the moment to catch some falling knives !!
Main balance range: 0.8471-0.9725 Mini balance range: 0.8471-0.8750 Priority H1: bull Level H1 for change the priority from bull to bear: 0.8050 If this level will be break down BCD will fall to 0.7065 Enter points: 1. 0.8750-0.8800 area after true bull breakout mini balance 2. 0.8050-0.8248 after false breakdown Targets: 1. 0.9120 2. 0.9720 3. 1.2220 Stop...
Pay close attention to XLF today (FOMC) - Although it is currently testing support there's an option for a false break signal here. If XLF won't close in green today after Powell's message, this can be a trigger for another short term wave (and potentially even a strong one) in U.S stock markets.
H4 - False break with bullish divergence followed by higher highs, thus forming a bullish convergence. We also have bearish hidden divergence. H1 - Price reached the critical zone, bearish divergence. We may now look for pullbacks and then possible buys with bullish evidences. Invalidation – This buy setup is valid until the low shown in the H4 chart (marked...
H4 - Price broke below the uptrend line, false break with bearish divergence. If the price moves lower and breaks below the level at 110.50, we may then start looking for sells with more bearish evidences.