Now that we have completed 3 waves up and a historic over 12% move up, I am looking for a retrace as recently buying failed to make new highs and the price sideways. We have ES/MES futures roll over in 5 days so we should expect volatility. and a slow creep down to lower prices as a retrace. I still think the prices will make new highs into the last week of the...
Price now trapped under the RED TrapZone and UMVD also shows selling in the market. So TREND NOW is lower wait for green TrapZone and green UMVD to signal up moves
Hey traders! 👋 H1 ICT short setup Let’s take a look at the USDJPY H1 chart, which performed LG and Displacement + Choch after the last NY session and Asia AM session. Our AI screener shows that the JPY has slowed down the weak strength (turning to the strong side gradually) and the USD is increasing momentum to the weak side, which makes USDJPY drop as well. If...
Looking at this Rising wedge on SPY 1hr that has formed after breaking down out of the massive ascending channel it had been in. If NVDA breaks it's ascending channel, it may assist with this wedge breakdown on SPY. Looking for an 8 to 10 point gap down on the hourly. Stay tuned!
So, admittedly, yesterday I made some Bear-trend PTSD induced paranoia, apparently and made more than one bad call. I apologize for this and am hoping to make up for it and with any luck redeem myself some. This is the reviewed TA. It's good. I endorse it and am kinda betting my reputation on it, if that counts for anything. Not making excuses, but I'd like to...
So, it's happening.. Finally.. This is not farewell, just g'bye for a bit.. Retracing from what has really been an uncharacteristically stable rise for weeks. It completed the obligatory double-top 5 days ago, and is about to start the descent. Usually a slow, steady trend in one direction is followed by a violently aggressive opposing movement, so keeping my...
NYSE:CVNA Carvana Co. found a bottom at the all time low of 3.57 on Dec 7, 2022 after a significant decline from all time highs above 375 in August of 2021. The boom was largely driven by economic factors, there was a booming Used Car market with ultra-low interest rates and a desire to stay indoors with the pandemic that pushed people to use the new type of...
Lol.. Couldn't have timed my experimental previous post worse. Immediately after I posted it, ORDI creates a double-top and starts retracing. This doesn't look like the end-of-run pattern I'd have expected, so not going to suggest that it's entirely done. It is retracing some, though, so, enjoy.
If you've followed the previous two shorts in the series, you'll be aware that this little whiteboy's got a 100% hit-rate on dem targets.. So, maybe time to sell a little WLD? ENTRY: $3.71 TP: $2.915
Despite prevalent negative sentiments surrounding the Dollar's bearish outlook, I maintain a bullish bias on USDJPY. I perceive the recent bearish move as a retracement within a longer-term bullish trajectory. For those inclined towards catching the retracement, the Bearish Fib-3 Bat Pattern on the 1-hourly chart might provide an entry opportunity for shorting at...
As the title says: It's run is complete for now. This is a good opportunity to ride this little dump from the current level, $30.50, to at least the 50% retracement line, $23.75.
After a sharp increase during the FOMC news the index continued the upward rapid movement until it found resistance close to 16700. It is possible that we see the retracement today as the arrow depicts, and the Fibo tool. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
Today Crude’s price went even lower than yesterday reaching 68 USD/b and it now seems that this is the turning point to the upside. We might see a retracement completed after this long and rapid fall, back to the 61.8 Fibo level as depicted on the chart. __________________________ Information Regarding Important News and Figures can be found here in our...
this would be a little long idea, I'm sincerely asking you to read until the end with all the comments to understand my idea completely. I'm gonna analyze the bitcoin chart from weekly to hourly time frame and using some kind of different indicators to see as much reaction and knots as we can to find the proper behavior of price since the last dump. generally, I...
The U.S. benhmark indices are currently experiencing high volatility and large deviations from the mean. Yesterday the S&P500 dropped heavily and has not retraced fully after reaching the important support at near 4550 USD. This might be completed today with the index price reaching the 61.8 Fibo level at least as indicated by the...
Due to the fact that the current prices have large previous transaction volumes we are held tightly to narrow swing ranges. When previous order volume on the price scale is removed, price will move faster up and down the scale looking for support. Lack of price history allow for larger price movements and retracements. Notice the zones highlighted in this chart...
Good afternoon traders, Although the trend for Gold is bullish as the weakening US Dollar is seemingly more and more bearish with all the dovish signs from the FED, gold has met resistance at the 1945 area and may be showing signs that it is over extended and is going to need to retrace to the nearest support areas, (2035, 2030, 2015, 2005) before continuing up...
- Everything is in Chart. - Actually TheKing entered a a correction phase. - We climbed for 4 Months Straight. - This kind of retracements are just normal. - if TheKing still bullish the maximum correction will hit -38.2% Fibo (around 25k$). - if Theking get hurts by a bad news (FA), the correction could bring the price around -61.8% FIbo (around 21.5k$). - The...