From 2023 going into 2024, market conditions has been rangebound, with daily sell stops and buy stops being attacked but if we have a look at the PD arrays, discount prices are looking more probable, just like cable, targeting the yearly equilibrium @ 1.04059 and 1.01963 - 1.00572 bullish monthly order block if the downtrend continues but I will take things one...
On the appearch of the TOTAL crypto chart the 10 day moving average and the 50 day moving average are crossing. The 10 day line is crossing over the 50 day, as in going under.
On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Confirmation of support on past resistance. Horizontal blue channel. 4) The flag pattern flagpole...
With minor accumulation, huge manipulation up to 18,350.75 during Mondays trading NQ closed out, distributing below the weekly sellside @ 18,004.50, trading into the daily bullish order block plus liquidity void which seems to be respected today @ 17,837.25 - 17,802.25. Today is supposed to be a volatile day with 9 red folder events and 7 gold folder events which...
A big thank you to all for helping me reach the 8k follower milestone.. On the above weekly chart price action has corrected over 90% since February 2020. A number of reasons now exist to be bullish, including: 1) You know why.. 2) Price action confirms support on past resistance. 3) The support is on the Fibonacci 0.236 4) RSI resistance breakout. Is it...
H1 - Bearish trend pattern. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Price in the end of the move, but the OF still bearish. It's hard to decide to continue with the OF or wait for structure shift. -I see to continue playing shorts from decent POIs.
This is my Intraday analysis on EURUSD for 16 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish Internal Bearish Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the...
SNGP displays a promising bullish reversal pattern characterized by the formation of an ADAM and EVE pattern. Our plan entails accumulating the stock within the designated buy back zone (64-65.50 range), while setting stop loss orders below the bottom of EVE to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the breakout from...
This is my Intraday analysis on EURUSD for 18 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish Internal Bearish Swing Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill...
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this...
Fundamentals: I am not relying on fundamental analysis for this stock, but only technical analysis. Technicals: Daily: Inverse Head and Shoulders pattern Stage 3 uRd Weekly: uRd
Expecting ROI - 30% As mentioned in multi time frame analysis charts, 1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months, now ready to move out of the consolidation zone. 2) Compressing at major supply region with minimal sellers strength 3) Expecting BO soon, SL at prev week low.
Look for the trail downwards Rectangle Top Reversal Downwards move back to support
Hello traders and investors! I've seen several ideas for selling based on different patterns, but I'm not seeing the context for selling just yet. On the daily timeframe, we still have a sideways range. The seller's vector 9-10 has hit the obligatory target, but it hasn't reached the lower boundary of the range at 59005. This lower boundary represents a buyer's...
So, I would like to give a more updated view and opinion on Bitcoin from the weekly perspective. Bitcoin's price has been in a range since June, which can be seen from the H4 & Daily time frames. Suffice to say, it's bullish, but for how long is the question. I say that due to the fact that there's huge barriers up ahead waiting for price action to enter. Even...
Please refer to my monthly analysis for Cable as this is an extension of my weekly and partial intra-day projection. In regards to the daily timeframe, I expect minor relief rallies with the bearish order block being my last line of defence. In fact, it would be a perfect area to capitalise on shorts with a tight stop. 1.23623 weekly order block next in line. My...
Looking at GBPUSD on a larger timeframe, cable has been bearish for the past 4 consecutive months with no signs of slowing down. price action is currently trading in premium territory but with 1.23035 yearly equilibrium looming down below, there's a high probability chance that cable will continue to selloff into a discount. Over the course of 1 1/2 years, the...