Is this the beginning of a right shoulder on a Reverse Head and Shoulder Pattern? If so, this looks like a tremendous opportunity to catch a good Risk vs Reward Trade
By examining the ORDI waves, it seems that the large and upward wave C has ended and the price has entered a large correction.
The supply range is the range where we expect downward price rejection.
The target on the chart is the SS line (Static Support).
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please...
Trading Plan: Long Position Entry..!
1. Market Situation:
- Currently heading towards the 1w +fvg (insert specific market or asset).
- Anticipating a price action to reach the 4h fvg (four-hour Fibonacci retracement level).
2. Expected Scenario:
- Anticipating a potential rejection at the 4h fvg level.
3. Response Strategy:
- If the expected rejection occurs,...
Doximity shares ( NYSE:DOCS ) surged 18% after the company beat quarterly earnings forecasts, provided a better-than-expected current-quarter outlook, and unveiled a share buyback program. The provider of curated medical news and telehealth tools reported adjusted earnings of 25 cents per share for the fiscal fourth quarter ending March 31, comfortably topping...
Woodside Energy is Down -21% from the last POI.
But Double Bottom is Seen.
A good Dividend Payer Also.
One to always have a 3% portion in your bottom drawer as a consistent dividend income earner.
However, also getting in at the right price is difficult, and this could be an opportunity with the Double Bottom seen. I am Nibbling.
As always, please get a few...
📈💼 DXY Update! 💼📉
Hey there, traders! 🌟 The dollar index, DXY, is in the spotlight once again! 🚀 Currently, it's cozying up to a crucial support trendline after some recent rollercoaster rides. 🎢 This area has become a hot topic, especially after a quick dip and an even quicker recovery. 🔄 But hold your horses, we're not out of the woods yet! 🌳 The upper...
We have been expecting the Inverse Head and Shoulders (IH&S) to break-out above the Lower Highs trend-line since May 06 (see chart below) and Bitcoin (BTCUSD) dully delivered:
In fact, what we will do on this idea is simply update the Bullish Megaphone of May 02 and chart it inside a more fitting Channel Up:
The previous two IH&S bottom formations...
Hello dear traders what do you think about this analysis please comments..!?
🚀 Ethereum Alert: Brace for Potential Market Shift!
Attention, Ethereum enthusiasts! 📈 In the 4-hour Ethereum chart, excitement is brewing as the price inches closer to engulfing the swap zone, hinting at an impending change in market dynamics. Traders are on high alert, gearing up to...
Gold rose strongly today, reaching its highest level near 2419. It has now fallen back and is trading near 2406. I have been emphasizing since yesterday to close all short positions in the 2380-2375 area and commit to long gold. After going long gold yesterday, we continued to go long gold near the 2382 position today and successfully hit TP: 2390. .Today...
We are the #1 meme coin on AVAX. Founded by well respected members of the community. They took no distribution and put the entire supply of the coin with 150 avax in initial liquidity. The contract has been fully renounced and liquidity burned.
This might be the explosion that will kickstart the silver stocks. This chart is showing a possible W formation that's about to break out... as well as the 25 weekly crossing the 52 weekly, which is usually pretty significant. Lastly, if it can break above the ichimoku cloud, then this ride might take off.
time D1 and W1, after supporting in the green box area and breaking the swing and pullback, it is now ready to continue growing and has the ability to move to the specified areas. The most important resistance in the weekly time is the range of 0.012210, the breaking of which and its high stabilization will continue the upward trend until the area of the weekly...
📈✨ **Gold Market Outlook:** ✨📈
Gold wrapped up the week with a strong bullish momentum, hinting at a potential breakthrough of a significant daily resistance cluster. 🚀 Looking ahead, a bullish breakout above the **2361 level** accompanied by a daily candle closing above it could fuel a powerful uptrend, aiming for the **2391 level**. 💰💪
🔍 However, if the market...
Dogecoin is trading under the 1D MA50 and just turned bullish on its 1D technical outlook (RSI = 58.834, MACD = 0.000, ADX = 43.260). This is the same accumulation process that took place in Jan-Feb and before that pre October 2023 that initiated the bullish phases of the Megaphone pattern. We expect the new one to have began by June, targeting the top of the...
DeFiChain (DFI) is a blockchain platform built with the mission of maximizing the full potential of DeFi within the Bitcoin (BTC) ecosystem. The software platform is supported by a distributed network of computers and is designed to facilitate fast and transparent transactions. The development team positions DeFiChain as an innovative blockchain project and offers...
Since publishing the long idea in late August at $4.29 (orange circle) price action has zoomed up 1000%. Not bad. A number of reasons now exist to be short. They include:
1) Price action has arrived at significant support and resistance, $41.
2) RSI is @ 95 on the 5-day, 97 on the weekly chart. The highest in the history of this chart.
3) Price action is four...
