A lot of identical setups as we are breaking a lot of bearish structures here. On FTM we have had a Supply Breaker now after it seems we have concluded a wave 4 now. Going to target the imbalances on the way up. Bigger RR on this one, as always take your profits as you wish. Looking for the support of the MDAY-H here and the volume. ✅
Analysis on USDT.D chart (1H) suggests that a falling wedge pattern is being formed(other confluences such as divergence also hint at this pattern). if confirmed (breakout from above the pattern), market can dump for a day or two. Remember that a rise in USDT.D means a dump in the BTC and the crypto market. if the pattern fails, the current pump in coins shall...
Weekly timeframe Price has massive rejection with wick on top so we could see price retrace to 31.8% fib as it broke the structure H4 Timeframe Price has broken the wedge to the downside and now the price has retraced to the 61.8% fib level and we see weakness on momentum to upside, so price is forming downward trend so we shall see a continuation to fill...
Daily timeframe We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too. Follow and comment below for more break down analysis
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Looking at TOTAL chart in 1H timeframe, it's possible that a rising wedge pattern is being formed. if confirmed, market can dump a little for a couple of days. in case the pattern fails and TOTAL crosses above the resistance zone, the current pump in the market shall continue with a better momentum.
I am going to bid SAGA on the retest of the FVG top at $3.415 Eyeing $3.94 to $4.44 here. Should get some more momentum after the pullback ✅
We're eyeing the Fair Value Gap at $136 👀 Solana seems to be maintaining its position well above the Monday Low and the $130 mark. Additionally, the Point of Control (POC) should provide substantial support here. If not for BTC's fluctuations, this could be an ideal setup since we are stabilizing at wave 4 around $118.77 - indicating potential for an uptrend.
I'll feel more confident about a potential uptrend if we can surpass the ~67k mark, where Monday's high range lies and from which we were rejected on our first bounce. If not, we're likely to continue experiencing volatility in this zone, potentially dipping to yesterday's lows around 61.5k. The 60-59k range—a critical support zone, that should mark the end of any...
Price has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA. Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern. These indications suggest the possibility of a bullish continuation move, potentially driving...
A dark cloud hangs over the seemingly sunny skies of the stock market. The culprit? A valuation metric known as the CAPE ratio, which is currently hovering near its third-highest level in history. This has some investors spooked, whispering fears of a potential market plunge. But is this cause for panic, or simply a cautionary sign? The CAPE ratio, or cyclically...
The plan for ETH, Wave 4 should be completed now after the Buy Side Liquidity got grabbed and a continuation sell off occured. Anticipating an Change of Structure (COS) and a supply breaker. Going to bid the retest above Monday High. We shouldn't be falling below the current wave 4 at $2791 I am going to send out more Low Time Frame (LTF) thoughts and setups in...
reason market structure bearish break of structure fair value gap
Last week was marked by the aggressiveness of sellers and the resilience of buyers. On Monday Buyers were ideally positioned for another break out but they didn’t have enough steam to accomplish it. Sellers, long awaiting their opportunity, pushed the price down, breaking the weekly support. However, they couldn’t develop this into something more significant, as...
reason market structure bullish clear fair value gap break of structure
The price visited below the npoc level as I’m pointed before. From this point I’ll look for one more LH to drop to the VAL and then it can go to the pWO / purple box zone.
reason break of structure fair value gap market structure is bearish
due to multiple break of lows happening on the euro/usd its indicating a strong bearish momentum i will be waiting for a pull back to the supply zone for me to take advantage of another run to the downside