GBPUSD price retraced to the 0.618 - 0.786 area 📈after a Monday rally, almost reaching my POI at around 1.37600. The Stoch enters the oversold area on 30m and 1h. With a small re-accumulation 📊around 1.37000 the price broke that level and is currently heading higher. It can retrace back to around 1.36800 and head even higher to >>POI<< and 1.38000. I'll be...
ROKU looking very interesting here- Double top played out as expected, however, ROKU held the longer-term uptrend quite nicely- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish - Falling wedge (bullish)...
EURUSD had another bearish week right after a short recovery from the week before, essentially breaking new low again. While reviewing our past weekly forecast, it actually followed an ABCD pattern based on the weekly timeframe and shall be completed this week should the price drops further into the demand level at 1.16. The dollar has been strengthening weeks...
WTI just recorded another record-breaking drop in a week, showing no sign of stopping even in the last trading day. The oil price has definitely reached an extremely overbought level and it should not be any surprise to see major correction like this. Do keep in mind that oil is still in a bull market and it's very likely that oil demand will reach another...
$BABA is simply being sold for one reason right now, fear that the Chinese Communist Party (CCP) policies will do "something". That "something" ranges from nationalizing large companies in China to banning profits and foreign investment to the more standard communist practices of wealth redistribution and an inefficient government bureaucracy amongst widespread...
Great news! The long-term value and ethics of Honest is immense, and it’s currently oversold, a perfect opportunity to catch some Honest gains! This is a long term hold, PT: $42 or more. Could have Etsy- like expansive growth. The decrease in share price after an IPO is common. Don’t be discouraged, and HODL! Have fun! Be safe! “Not investment advice” (legally...
Look where it rests and think again about selling short at support. Just an observation! Pivoting soon to new ATH IMO; Oversold.
At lower support, way oversold, red volume dropping here, sellers near exhaustion. Maybe an exhaustion gap down?!
✅NZD_CHF has reached a support level And we are already seeing a bullish reaction I think that the pair is oversold And thus a bullish continuation is a likely scenario With the target being the supply area above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello All and blessed. Since price failed to break the top trendline there can be some downside to 149. Also RSI is not yet oversold, and has not reversed. Price also has to break below the 149 to continue head and shoulders pattern. If there is a break above the top white trendline then we see a big major move up. Note that in weekly time, there is a cup...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 16, 2021 with a closing price of...
Cup and handle pattern approaching IP was highly oversold in the last couple of months connected to a general small cap drop News situation is promising and I expect some more NR's connected to the international soccer business and other partnership or customers I expect a reversal from the current level with significant gains in the next weeks
Broader market conditions permitting, will be looking for a breakout from this falling wedge- just some support and resistance levels and some RSI based supply and demand zones to keep an eye on- bullish
Broader market conditions permitting, will be looking for a breakout from this falling wedge, just some FIB levels and some RSI based supply and demand zones to keep an eye on- bullish - Bollinger bands are squeezing - Oversold on the RSI
Possible ascending triangle forming on PYPL and currently sitting right on its 100-day EMA at the moment. Keeping an eye on PYPL here for a long-term entry. RSI is in the oversold range on almost every timeframe and has a big gap to fill on the upside after selling off after earnings. Will be looking for a breakout (broader market conditions permitting) Bullish -...
FUTU is resting at its historical support and is also showing signs of bouncing off of this place allowing for major gains to be had. Our Bullish Signs are the %R oversold oscillator about to create a crossover buy signal and the squeeze displaying a reduction in selling momentum. Bullish Signs -Oversold, on oscillator -Squeeze indicator -historical support ...
Amazon has been consolidating for a great period of time indicating that a big move may occur. Using the 4hour time frame, we can preemptively dictate that we may see a move towards the upside. Selling momentum has been reducing while the VPCI has had a buy signal as seen by the crossover. Not only have we seen a buy indication from the VPCI on the 4h but also...
Stoch RSI on the 65 min chart looks very oversold - once it crosses back up we should see a nice healthy bounce assuming the market cooperates. I took a healthy position on 116c 8/20 exp.