Waiting for this low to come in and give us our next sell level. Multiple corrective patterns over the last couple of months followed by a sharp drop has set up more downside. It could get back down below 20 again before the next decent rally. Ideal scenario would see a rally back to the 38 area in an ABCD pattern over a week. Lets see how this one plays out..
Hello,Traders! AUD-JPY is trading in a local downtrend And is now breaking out of the Bearish wedge pattern So I think that pair will keep falling Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Daily chart I will be looking for a long position potentially at the 61 fib / key level /right shoulder area also if price comes up to the red zone I will also take a short position
EUR / USD 1 hour chart Here I will looking for a short position if we get the Head and shoulders play I will be looking for I will be looking for a bear flag pattern potentially to create the right shoulder then look at taking the trade down to my green box area for a buy also looking for another short position from the purple zone as a break retest
Hello,Traders! USD-CAD was trading in an uptrend For a long time and the pair was Clearly overbought so after the pair Established a triple-top pattern The price went down and broke The local key level signifying The beginning of the bearish correction Which I think will continue Sell! Like, comment and subscribe to boost your trading! See other ideas...
FOREXCOM:SPXUSD Has some nice symetry and patterns working in the longer TF. We have the smaller cycle looking for a low around the end of October with the larger cycle taking us into Jan next year. This could also be the start of a 2-3 year cycle taking us down to below the Covid low. But one step at a time. Looking for a rally over the next few days to sell...
#AUDJPY AUDJPY is going down a bit due to MARKET RISK OFF in the previous days. But even now we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. The dollar should continue to strengthen in this way. If...
Hello Traders, Here is my analysis for Bitcoin. Let me start by saying that BTC is in a very precarious position. Heres why... 1) It's just barely above major support at $17.6K - If (most likely when) it breaks, there is no doubt that we will see massive capitulation. Potentially seeing a double digit % move down the day it breaks. 2) The descending trendline...
Hello Traders, here is my analysis for AMD. - I apologize for the crammed chart, I did the best I could to keep the chart as simple yet detailed as possible. - Onto the analysis... First off, if you're a new trader, this chart is an example of what the planning process for a swing trade could look like. Of course there are many different strategies, but for me...
Disclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome! Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July. A clear base has formed at the 0.041 level during this consolidation period....
Hello Trader, here is my analysis for the QQQ. This week is a big week with the FED meeting on Wednesday. Pay close attention to price action leading up to that event. - If price comes into a key level the prior day, there is the potential for another large sell-off if institutions don't like what they hear. - It's also possible that we don't see much action...
Not much has happened over the last week but a very weak rally which is looking corrective. There might be one more low to the 78% around 19237 then I will be looking to short a rally back to the 22-23k area chasing the final move lower towards 12k. Just an update for today, no trades as it is I will just wait for the pattern to show itself and go from there....
Hello Traders, here is my analysis for Tesla. Listed on the chart are the Bullish and Bearish signals that I will be watching for. - At the moment, a trade setup has not formed that I would be interested in, however I am keeping an eye on the price action to see if pattern forms that I can play. Price is either going to breakout and Bulls will take price...
Hello Traders, Here is a quick update on BTC Since my post yesterday, BTC broke lower to the Major Support level at $19.5K. If this level fails that will be very Bearish for BTC. If the Bulls can hold and break above this level, then that is a strong signal for the Bulls and they will have temporary control. However, If the Bears can break price below this...
As you know, I have these setup 4+ years out into the future and continue to identify new RARE and UNIQUE patterns as time allows. I'm even up to 5~6 bar setups in some of them. Yet, next week shows a very interesting set of Cycle Patterns... 9-19: Inside/BreakAway 9-20: BreakAway 9-21: Carryover (Possible Reversion) 9-22: Inside/BreakAway 9-23: Momentum...
In this chart you can see the Channel in which we are and the price playing in triangle form Along with that you can see the channel high and the lows of it which we are expecting Support is 1677 which is strong and most of the time from year 2020 its bouncing back for upperside. Let see if this time it breaks or not.
Today will likely be a carryover of yesterday, setting up tomorrow's TOP pattern. Because of this, I expect a bit of a rally phase today (rebounding off the lower support channel) and possibly attempting to move above 395 if there is substantial buying activity. Yes, the Fed decision is near, but traders are still using the US equities market as a hedge against...
Hello Traders, Here are the the support and resistance levels for Tesla. Enjoy, and best of luck trading!