Price is now hovering in a Fib from the previous high on the Monthly TF. It has reacted to it and dipped but I'm not too sure how it is going to continue reacting for the time being. I only trade 1 or 2 pairs max at a time and GJ is one of them but i won't be entering until it breaks out indefinitely or shows me some kind of direction/bias. It can either respect...
Happiness is like a butterfly: the more you chase it the more it will elude you but if you turn your attention to other things, it will come and sit softly on your shoulder.
I believe the crash in June 2022 was premature, much like the new ATH in Nov 2021. I think Eth has it's targets set for that $2500 area to complete the gigantic pennant and then to pick a direction up/down from there. Good luck!
I've been frustrated trying to figure out what the s&p500 is doing as it won't crash and won't recover. I think it might actually be forming a diamond bottom pattern: thepatternsite.com This is a pretty accurate sign of a bottom. It's likely to fully recover, so if it starts breaking upward don't question it. Good luck!
chart patterns don't come to everyone you need to have a certain eye for design capture the big picture and ride the trends among the range trade the range among the trade
Looks like Bitcoin is up against resistance and could fall back to test the lows near 18K. If this resistance breaks then 30K is the next target.
Hello traders! Welcome back to another post with Analyst Aadil1000x. Today I analyzed the Gold chart and look what I found. There are non-stop bulls in this pair. It is aim to break the trendline which started in Sept 2011. Even after breaking that level it will not stop and will skyrocket and can break 2500 easily. The world should get ready for this. Don't...
Are you following my research yet? Check out my SPY Cycle Patterns and decide for yourself if my predictions are accurate: SPY Cycle Patterns for this week: 1/15/2023 GAP Potential 1/16/2023 GAP-Reversal 1/17/2023 Breakdown201 1/18/2023 POP 1/19/2023 1/20/2023 BaseRally301 1/21/2023 Break-Away 1/22/2023 Rally-111 1/23/2023 Carryover 1/24/2023 ...
USDCAD has formed a Rising Wedge on its daily chart. The price is trading below the EL: 1.35629 and below the Pivot5 Rising Wedge Floor. The price on the Wed 4rd '23 has formed a (MSH) Market structure Hight taking the previous lows signaling a Short outcome for the pair. Also the price on the Friday 6th Jan '23 session has supported the idea taking new...
Bitcoin hit 20k as I told you in my previous analysis after a clear breakout and retest of Ascending channel. Now the price is testing the key level, where this dump began, and where the market printed the previous HL on the daily timeframe. On the Daily we can spot a clear W pattern, usually, the market wants to retest its neckline. In that case, the neckline is...
Why such sentiments. The monthly stochastic is oversold. At 4 h, a double bottom is possible. On D1, if the double bottom works, then the scheme with inverted H&S will probably work. Which can be considered if zoom out chart. Overbought on the D1 chart as a whole with a strong uptrend does not say anything. You can look at the last bull run. I don't trade by...
On USDJPY, we are on a bearish trend which indicates sellers existence in the market. Price is currently retracing to a resistance level correctively in a channel which was a support at 138.00. We will look for shorts once the channel breaks with some sellers momentum
XAUUSD is trading a Cup & Handle Pattern on its daily chart . The price is trading above the breakout:1808.170 and approaching the 38%: 1884.238 Tartge1: 62% 1930.601 79%: 1962.026 Tartge2: 127% 2057.654 162%: 2124.224
Price was moving in a Descending channel but currently price has broken the channel from 1HTF perspective, looking for valid Retest of the structure before going long. My Target is to 1.58560 Feel free to.share your thought with me
In the previous post we explained how Bitcoin is changing and showing some range pattern instead of a bubble behaviour. It's important to adapt your trading style to market style, if you are still expecting crazy rallies in BTC you can be stuck here for months or maybe year. Today we show you how we analyze the prices between long term ranges (green lines) and...
Buy reliance at 2575 Target 2639 2665 2694.5 Sl 2500
I recently started looking at Fibonacci arcs and circles. I see them as something similar to support and resistance lines. Charts have an uncanny way of touching support and resistance lines. I've drawn arrows where the chart touched or came very close to touching the two circles I drew. I noticed that ROKU is very close to reaching an inflection point where the...
A long term down-trending pair with a larger pull back on the higher timeframes. Currently sitting at a support level with the indicators suggesting the pair is currently overbought. Looking for a break to the downside and then react. Follow for more.