It is important to know when the NASDAQ:NDX and a few of its components are overextended and that a minor correction, aka retracement, is imminent. It doesn't really matter if you can guess the exact day, but it does matter that you can see the risk coming so that you can plan to take action on open positions and plan ahead for new positions for swing or...
Hi Traders, There is a short opportunity on the USDCHF 1D chart. The market is currently in a retracement wave of the bear flag break, and there is an opportunity for a short entry to target the demand zone to take profit. The demand zone area is 0.88600–0.88202. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for...
On the 2 hr chart, PG was fighting heavy resistance for month. The supply /resistance zone is on the chart from the Luxalgo indicator. Multiple touches but the zone was not broken. Price has retraced down beyond the 0.5 Fib level. PG is tracking well with XLP the consumer staples ETF shown as a thin black line on the chart. The Luxaglo Echo indicator,...
NSE:CARBORUNIV made all time high previous week but couldn't sustained above the previous ath and closed below. Now expecting some small correction before make a new high. marked short term retracement/demand zones. Disclaimer - This chart analysis is only for educational study purpose. Do proper research before trade/investment or consult with your financial...
This is a total break down of my EURUSD analogy of the coming movements in the market. Key Zones of liquidity is crucial to be tested again watch closely.
Trade Looks solid! You can see what to do. This is my plan for AVAX short term. Hopefully this isn't a full reversal and just a retracement but time will tell. I would much prefer being short at this time and this level then opening a long. Lets see how it plays out. Good luck Not to be mistaken as financial advise, this is just me testing out a trade idea...
Monero KRAKEN:XMRUSD continues to outperform the other major cryptocurrencies through this crypto bear market cycle. Last week Monero entered a bullish trend when both price and Momentum (Lagging Span/Chikou) closed above the Daily Ichimoku cloud. This is the confirmation of a new bull trend starting. Momentum has since gotten back inside the cloud but over...
Today those day trading the Nasdaq futures could clearly observe the classic "Yum" pattern emerge on the chart of CME_MINI:NQ1! Nasdaq future. This follows a touch of major Resistance; the 50% Retracement of the August high to October low following a major JPow rally from yesterday setting up a double top at said Retracement level.
This morning's 10am scan yielded bullish price action spikes on both AMD and INTC. I like the level that Intel NASDAQ:INTC is holding to for a swing trade. The first target will be a retest of this week's high. In the longer term after a very long bearish trend the chip makers have begun to turn. It is somewhat "late" in the turn from October but there are...
FX:USDCAD USDCAD on the 15-minute chart in the past week fell in a breakdown from an ascending wedge and is now sitting on support. I anticipate a reversal to retrace that downtrend with targets at the Fib 0.5 and Fib 0.618 levels ( also confluent with some horizontal pivot point resistances ). Targets just below these points of interest are 1.3083 and...
RIDE has finished a downtrend the past ten trading days and now appears to a retracing that downtrend. The upside here is about 16% to the mid Fibonacci level. The MACD shows an early K / D line crossover as a lagging indicator. The RSI is in midrange being neither oversold or overbought. I see this as a setup to trade a swing long trade or a call option...
Primary Chart: Showing Major Retracement Levels for BTCUSD's Entire Bear-Market Decline with Accompanying Down Trendline Since November 2021 to early January 2022, equities and cryptocurrencies have experienced a bear market. The selloff has been more pronounced in crypto assets than in equities generally, although certain segments of equity markets have...
According to my analysis, the fifth wave of the downtrend on BTC should be complete and now the wave A scenario should playout. I have taken into account two possible retracement level of the 5th wave. Price maybe heading to a 38.2% retracement ($39,805)before continuing downwards or a 50% retracement ($ 40,200) before continuation. Lets see. N.B. This is only...
The price got a rejection from the M's neckline as I told on the previous analysis exactly on 2830$. On the daily timeframe, the price is still inside a descending channel above an important support 2400$. The market printed a double top on 3250$. On the lower timeframe, the price is testing the 0.618 Fibonacci level as new support after the breakout from the...
ACC took support @ 50% fib retracement level i:e 2238.10 & made low of 2239 & reversed. ACC could be bought with mentioned stoploss & target.
Hello everyone Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! I label possible Elliot count on the chart. The price finished a 5 waves pack and now, I expect at least a bullish corrective wave. the target and the stop loss are shown on the chart. I use...
CME_MINI:NQH2022 - PR High: 15248.50 - PR Low: 15192.50 Evening Stats (As of 12:00 AM) - Gap: = N/A - Session Open ATR: 336.40 - Volume: 61k - Open Int: 234k - Trend Grade: Neutral - From ATH: -10.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 16677 - Mid: 15333 - Short: 14961 Keep in mind this is not speculation or a prediction....
updated shorter time frame fibs to color instead of all green lines so you can correlate what fib levels are to what and realize chart is busy but if you can simplify it to support and resistance i think it starts to make sense. squeezed frame to include more of past and drew out exact path per fib levels btc would travel if it followed the longer term fib. long...