Looking into buying position with a target at 0.87
Dear Esteemed Members, TSLA is mostly bearish within the resistance of the red triangle. As long as it remains below the trendline, bears can enjoy better risk-reward ratios. Some traders wait out the price's rejection at the falling line to open their short positions. Others wait for a confirmed breakout through the resistance to open a long position. Now, both...
Dear Investors, Chart Explanation I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the...
Integrated Analytics 💲 Unveil Dollar Trends Dear Respected Members, Speculators, and Traders, My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's...
December E-mini Dow Jones Index futures continued the uptrend that saw a break above the resistance line formed by connecting the high in January 2022 with the high in July 2023. With CPI, PPI, and a Fed announcement this week, there are certainly enough possible catalysts to turn this market to the bearish side. The MACD showed a bullish cross about a month ago...
What is a Regular bearish divergence? A Regular bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. What is a Hidden bearish divergence? This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). What is a Regular Bullish divergence? A bullish...
Ready to embark on the hunt for the next trading ventures? AUDCAD offers an array of possibilities to satisfy that desire. For those eyeing buying opportunities, the 4-hourly chart displays a potential Double Bottom retest around 0.8922. Alternatively, a Bullish Shark Pattern might complete around 0.8878, presenting another entry possibility. On the flip...
NZDJPY reveals a promising Bullish Shark Pattern, presenting a potential trend trading opportunity. While waiting for a 3-bar reversal offers further confirmation, it's prudent to engage post a weakening of the bearish move. For aggressive traders, immediate entry might be considered, with a crucial emphasis on identifying stop levels to mitigate risk. What...
The 4-hourly chart showcases a compelling Bullish 5-0 Pattern retest accompanied by an RSI Divergence. While direct engagement in the trade is an option, I'm personally inclined towards waiting for a Bullish Gartley Pattern retest around 186.39. This approach significantly mitigates risk while still allowing for favorable profit potential—a strategy centered on...
Despite GBPUSD showcasing a bullish trend, I'm eyeing a shorting opportunity on this pair. The daily chart signals the completion of a Bearish Bat Pattern, yet a direct engagement at this level poses considerable risk. To mitigate this, my strategy involves patience, awaiting a market retest on the 1-hourly chart. Coincidentally, this timeframe also displays a...
CRYPTOCAP:SOL moving toward approximately $60.50. The precision of its recent respect for the 0.786 Fibonacci retrace level is phenomenal. See the touch down at three points marked with the yellow trend line. It literally closed on the daily candle a mere $0.20 from the level two nights ago. Also see the trend intact as this recent price action aims for $60.50....
NZDJPY presents an intriguing trading setup despite being a counter-trend trade. The observation of a Bearish Shark Pattern checkback on the Weekly Chart , along with RSI Divergence , adds weight to this potential trade opportunity. I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup , intending...
USDJPY is currently demonstrating a Bullish Trend . For traders preferring long positions, the Bullish Deep Gartley Pattern on the 4-hourly chart might serve as an attractive opportunity for going long. As part of the strategy, waiting for the market to retest the support level on the 1-hourly chart at 149.26 before entering could be a wise move. Each...
A retest of previous resistance on the daily chart combined with a strong bullish candle movement (an engulfing candle) is an intriguing setup. The observation of RSI Divergence at these levels serves as a significant indicator for a potential reversal. Regarding the recent deviation from the PRZ zone of the crab pattern on AUDUSD, it seems it hasn't reached the...
This week, GBPAUD introduces an element of confusion into the FX market. On the Daily Chart, two opposing trading setups vie for attention. There's the Bearish Flag Pattern, offering a shorting opportunity, yet simultaneously, a Type2 Bullish Fib3 Bat Pattern emerges. With the right filter, one can discern which trading setup is likely to be the more profitable...
HEYYYY I like bullish divergence. The SAFEST Way to play this is to buy shares and do some covered calls. It will chop around a bit. In STRONG power down-trends; you want to be really careful selling puts or doing bull put spreads. But - as long as you are comfortable with the risk. I do not buy call options on stocks that are in strong downtrends. Unless...
We see a hidden divergence in RSI so we expect the price go up!
disney coming back down to the 3M VAL, with liquidity resting just below. more importantly the 1Y rsi is now approaching the 50 midway (ultimate buy zone for disney) ...as bad as it looks, as long as the $80 area holds then we should see some respite