AMEX:SPY January 3, 2024 Weekly. Uptrend intact. For the rise 218 to 480 AMEX:SPY retraced to 50% around 348 levels. Also for the two LLs around 362 and 348, we had good Elliott oscillator divergence. If we take the rise from 348 to 460 AMEX:SPY again retraced 50% of the move around 410 levels. For the last rise from 410 to 470 50% retracement is around...
Here I have EUR/JPY on the Daily Chart! Ever since price made its High on Nov' 15th, it has been in a decline. With current Price Action making a series of Higher Lows into Higher Highs all while the RSI is below 50 leads me to believe we are looking at a very convincing continuation pattern called a Bear Flag!! With the Bear Flag, we suspect Price will give us...
For this "Big W" pattern to be valid we have to assume the swing high, swing low pivot levels are valid in the context of Bulkowski's formula? Bulkowski's Big W Pattern :- thepatternsite.com
On the above 8-day chart price action has corrected by 95% since the sell signal (will show elsewhere). Today is great long opportunity. Why? 1) RSI and price action resistance breakout. 2) Multiple oscillators print bullish divergence across a 3-month period. 3) Seller weakness. Notice the long candle wicks into seller territory? 4) Price action prints...
On the above 5-day chart price action has corrected over 90% since Spring of 2021. Now is an excellent moment to be long. Why? 1) A strong buy signal prints (not shown). 2) A break out from price action and RSI resistance. 3) Multiple oscillators printing positive divergence over 12 weeks. Amazing. 3) The target is around $4. Some of you know why some of you...
Here I have GBP/JPY on the 4Hr Chart!! Price has given us 2 Lows both returning to a very clear Resistance Area! This price action could possibly be outlining a very strong reversal known as an Inverted Head & Shoulders Chart Pattern!! Now with the Lower Low or "Head" being followed by Higher Low or "Right Shoulder", this Price Action signifies that price no...
The market seems to be effervescent all of a sudden. What pops next? A number alt coins are showing overbought conditions, nothing is oversold at the moment. So what do I do with my profits from something that is knowingly overbought? (Dogecoin I’m thinking of you). That answer is I move profits into the next most bullish looking position that is yet to become...
Is Eth forming its own 4 year cycle like #Bitcoin The monthly stokes are positively crossed after a brutal (but much needed) bear market sideways action and bumps in the road are to be expected but DCA's on Red days will serve you well in the coming years.
Hello everyone . Today I would like to share my almost definitive view. In my opinion, the price will see 40543 before touching 44399. I will be happy to express your opinion. Thank you
I am suggesting we are on the brink of a larger move upwards for the LTC/BTC pair over the next couple of weeks. If you take a look at the move beginning Friday June 10th 2022, you'll see that we viciously broke through this weak resistance level.
According to my strategy, the price reduction signal has been issued.
Short / Bearish Bias on NASDQ100. Technical Analysis Explained: Highest normalized price reversal point exceeded (this is the highest red “resistance” zone) Price greater than all time high (22/11/2021) Z score and Price bearish divergence (week as z score has remained neutral rather than print a lower low) Price trading at approximately second standard...
We noticed rather strong resistance, which has been in decline here. The vision is clear here: we want to see another touch in the upper zones and a potential drop from there! EMAs are currently holding the price, which seems like a good spot to bounce toward resistance. Swallow Team
The memecoin gain oscillator (soon to be published) may indicate a current mania (12/28/2023). Care should be taken in the current market. Is the ETF speculation a sell the news event? Memecoin gains have been a signal in the past that the top is near. The indicator is detecting a high level of speculation currently.
Hello, We have seen how Gold reacted to the DXY fall, as DXY is expected to reach 98 areas and below, Gold is expected to rally as safe heaven, with some liquidity sweep here and there, I expect Gold to break the 1H Resistance today or this night, I expect more than 2100 by next year. Cheers, happy trading! RR 1 to 3
On the fourth day, we see another attempt towards that upper resistance zone. Never the less, we also sense demand in correction, where with every smaller push we are having, it is just not enough for a breakout of such a big resistance. As you know, we have already opened a position on BTC Short, so the gameplan is still the same. We might see very sweet gains...