It's crucial to approach trading with a discerning eye. The KAS token has recently formed a significant rising wedge pattern, a bearish indicator, and to add to the complexity, it's showing signs of a bearish divergence. This double whammy serves as a warning to traders to exercise caution. 📊🚫 The Rising Wedge Pattern: Rising wedges are typically bearish...
We have been bearish on S&P since April 2022. The bearish outlook is even more evident now with a HUGE DOUBLE TOP in the 3 months chart. This is the first time we have analyzed this pair in the 3 month chart and the divergence is obvious. What does this mean for the S&P? 1) It is very unlikely it can move above 4600 to 4800 in the near future 2) There is...
Hello traders, last week in the beginning price saw little bit of a retracement higher and we took the liquidity above a short term high than we had a big impulse down due to CPI, coming to this week we may see some retracement into the daily FVG on monday and tuesday before expending lower
Very nice delivery in price lately. Wednesday reached into the Weekly Sibi and 4-day Sibi which coincided with a bearish Mitigation Block's wick. Thursday pushed up one more time to trap buyers, as well as touching the bottom of a NWOG. CPI on Thursday trapped and liquidated many buyers with it's immediate drop lower. Friday continued lower, leaving a Daily Sibi...
We can see the mirror structure of candles, this is confirmed by the volume holding the price, which indicates an increase to the previous high and a local rollback down, so we can open a short position at the top. The intersection of the MA 200 and MA 50 lines on the 4H timeframe and 2 touches of the bottom with candles, which hints at further growth ☝️
KUCOIN:FLOKIUSDT The price, after breaking the trendline, couldn't establish itself above it. Currently, after a pullback to the trendline, it's poised for a drop.
Hi trader, Maria would like to share opinion: GBP/USD/b] The British currency, Pound Sterling (GBP), experienced a decline from its recent peak of two weeks as the economic prospects of the United Kingdom weakened. This decline was triggered by a contraction in factory output for the second month in a row. As a result, the GBP/USD pair relinquished most of its...
#Gold remember gold is in gold is in downtrend 👇 and this maybe a correction of previous rally to the downwards in my view gold has completed ✅ 68% of Fibonacci retracment another thing which i am noticing here is price is moving in a channel and not broken this channel till now we will wait for price to break channel or move back from the resistance level as we...
The world of crypto can be full of surprises, and today, we're looking at the TWT token. It recently took a steep plunge from a colossal rising wedge pattern. However, before considering a short position, it's crucial to remember that trading is not just about patterns but also about market manipulation. 📊 The Rising Wedge Pattern: Rising wedges are typically...
Possible Sell Limit Orders Sell Limit 1 @ 95.82 SL : 96.82 TP : 94.53 Sell Limit 2 @ 96 SL : 96.83 TP : 94.53 - 93.582 Sell Limit 3 @ 96.8 SL : 97.8 TP : 96 - 95.6 , 95.6 - 94.53,
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
Hi Guys. This is a Technical Analysis Update on Oatly, (OTLY). On the 1 Week Timeframe. We are in a critical area for OTLY. We have continued our DECLINE from the REJECTION area With last weeks candle close, We have CLOSED BELOW the "MAJOR SUPPORT" Area. This candle close isn't enough information to assess what comes next. The next week or the next couple...
Eth formed descending triangle pattern and breaks it down. Price will continue to go down by following blue arrow.
GBPCHF Channel: RED WK Pivot: RED AOB: EMA10 CON: SBB SELL Stop: 1.10807 Stop Loss: 1.11289 TP01: 1.10325 TP02: 1.09361 DWR present as a sell setup on 12 OCT, with Channel and Pivot are red bouncing off EMA10 However, trade is not taken/considered as my analysis shows to sell risk-off currencies SPX500: BUY DXY: SELL OIL: BUY GOLD: BUY
If we encounter a gap that needs to be filled, we opted for a 1:4 trade, indicating the necessity to address this gap. This decision was prompted by our deviation from the established sideways trend and supported by several technical confirmations that guided us to follow and stay informed.
There's a notable pattern emerging on the MATIC (Polygon) weekly chart that's raising eyebrows – an inverted Cup and Handle. This pattern is not to be taken lightly, as it signifies a strong bearish signal. If traders are considering short positions on this coin, they should watch for a retest of resistance and set their stop-loss orders above the pivot level....
(Refer to my Weekly analysis for US30 and DXY) On lower timeframes I have 3 areas I want to anticipate a long to go to the short POI. Ideally, we don't see a daily close out of that thin yellow box (Daily Bisi). There are 3 lines of defense for price to reach to and find support. 1st line of defense is a Breaker with CE of a wick and a gap, which looks very...
We just had a clean breakout of a wedge to continue a strong downtrend - will look to short if we mitigate our supply zone on a retest of the wedge and create a LTF CHoCH Coinciding with my previous post, we have been sustaining a healthy downtrend while mitigating our intended supply zones. Price has now shown higher time frame signs of reversal and created our...