We appear to be in an Elliott "Wave 5". Wave 5's in commodities tend to extend. Likely a pullback first then next/last leg? . Here is a Near-Term plot of possible retrace to $2307 ===========================================================================================
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #SOL been awhile. Can see a possible additional wave 5 to come. Needs to prove it. Flipped $120 from resistance to support, good for bulls. Break below, not so good. Looking for a clean impulse up. $162 is my level to see if it...
NYSE:YPF breaking out from a massive pennant and doing new local highs, waiting for a pullback to 10 usd. Amazing opportunity to buy between 7 usd and 11 usd and hold very long term or sell at 35 or 50.
ZALANDO making a breakout of a two resistance, a nice bullish divergence working out aswell, looking forward for a higher high or a retracement to 10 usd to buy. Selling in 44 or holding until 80 usd.
All cycles consist of 3 tops. The first rally stays the same except for diminished returns and a lengthened cycle by 2 years each time. The last two tops don't stay the same and has different variations based on Convergence/Divergence, either price is diverging over all indications, or price may agree while technical indicators are not like seen with the 2021...
BINANCE:CTKUSDT has been in bearish trend. Currently, It's retracing towards fib 50-75% levels where we have confluence of descending trendline retest. We can look for short setups in that zone.
Pair: FX:NZDCAD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is at a resistance trendline & also a horizontal trendline (Demand zone) - Price is between the 61.8 - 78.6% Fibo retracement - Aiming for the 38.2% Fibo Retracement which...
Hello traders, AVAX has completed its first 5 waves, and now it's time for the completion of the ABC wave. Right after the completion of wave C, I combined harmonic patterns and made an analysis of both. I marked my target with yellow arrows on the chart after the completion of the harmonic pattern. If you want me to keep my analysis up to date, please don't...
Besides using the Fibonacci retracements in charting, the particular days that fall on the actual fibonacci day itself appear to be very good for catching big swing moves for entering and exiting on trades as marked for example. The 3rd 8th and 13th have shown to be entries and exits on the same day even.
On the above 4-day chart price action has corrected 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence with price action with confirmation. 3) Price action prints support on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it...
Barrick Gold, NYSE:GOLD , a prominent mining corporation, has recently achieved a noteworthy milestone by reclaiming a critical trendline on the weekly chart and stabilizing between the 78.6% and 88.2% Fibonacci retracement levels. Our initial investment was strategically placed at $14.77, located within the highest volume area observed since 2008 according to...
Volkswagen AG is currently a highly interesting stock for us, especially given that it is a massive enterprise and the European market has seen significant sell-offs, in contrast to most American automakers which remain relatively high. However, it's important to note that automakers are typically quite volatile. If not for the high dividend yield, which currently...
At Zscaler, we believe that the subordinate Wave 3 has definitely concluded at 259.61$. Currently, we are in search of Wave 4, which is turning out to be unusually long and has already dropped below the critical level that we had considered as the last reversal point. This significantly diminishes the likelihood of a successful entry, prompting us to refrain from...
On the above 3-day chart price action has corrected over 90% since the sell signal (not shown). Now is an excellent long trade. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Strong regular bullish divergence. 4) Price action prints a bullish engulfing candle on the golden ratio. Is it possible price action falls further? Sure. Is it...
🕵️♂️ Let's dive into analyzing and examining this popular cryptocurrency coin, which might give us another entry point for buying. 🌟 In the weekly timeframe, we're currently at the All Time High of this coin, witnessing another significant growth after breaking the last resistance at 0.7659. ⏳ In the daily timeframe, we've formed a new resistance after the...
The immediate resistance to break is 12.5 to $13 If price fails to get above $12 then we will consider it as DEVIATION at range high The next level of support would be the range quarter , around 10.80 to 10.40 Look only for LONG if this level hold
AMEX:SPY April 21, 2024 15 Minutes. As expected the downtrend continues. Two issues. It is coming to the lower parallel channel in the move. And oscillator divergence. I expect a retrace to 498-500 levels. As I believe once 492-490 levels broke I will have a target of 495 which is 32% retracement for the larger move 409 to 524. 409 I have taken because...
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