Since the recent news relative to the authorization this past week, price has been making higher highs and lower lows. Only 6 times this year price played around in the $54 -$56 area. I'm banking on price exhaustion from the recent "good" news this past week. Daily is overbought as well. Maybe we can get a bar close or two this week lower than previous to give us...
The last two times price touched $42 was in August ($42.10) and December ($42.03). Price hovered near $42 highs in November but didn't hold. Could also be a start of new impulsive wave to the downside. Might wait til the fed decision and cpi reports pass next week to get a second look.
$41.48 to $42.36 were two recent noteable highs since September. Price rejected the $41.50 area twice in November. Daily is oversold so we still need to be a bit careful here for the type of range trade we are looking for. Might wait til the fed decision and cpi reports pass next week to get a second look.
$24.17 was the high since consolidation started late September. Price has been trading in a range since. Might wait til the fed decision and cpi reports pass next week to get a second look.
Possible "ABC" forming if price doesn't break previous high. RSI isn't oversold but is nearing the 50 level. Looking for 25% to 50% retracement of the previous low (bottom horizontal line) What do you think?
Price trading sideways since 1PM CST today. RSI Overbought Shooting star forming on current candle. Current candle near a trend line high. 30 and 10 HMA Cross. Look for 25% -35% retracement from where current price is.
Potential Double Top (Rightmost Triangle) RSI Oversold Current candle is near trendline Looking for 25% from current price to previous low
Heavy resistance area. Looking for 25-50% of previous low (horizontal rays w/price labels). RSI overbought (hid indicator for more room on mobile chart publish).
Double top at resistance level? Price trading sideways since Dec 7th. Overbought RSI.
Currently USDOLLAR index are formed descending triangle in 1H. Afterbreakout I expect downward. And after upper breakout above the triangle I expect upward movement.
In today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis. = since it is a very short-term time frame, I will not comment further. = the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective -...
I really like this setup here. I started a leg a few moments ago. Price could go a bit lower but the narrative stays the same. Price did not break lower than the start of wave 1 yet. It usually retraces 61% from what I've seen. If price doesn't break the recent low, we could be headed for a wave 3 extension. Not sure if the full impulse wave will play out....
Let's keep this simple. Price may very well be exhausting still to the downside. A higher high has been made recently. The recent low hasn't made a lower low although it still could in the near future. Looking for price to test the recent high. What do you think?
Let's keep this simple. A new high has recently been made. Price did not break previous high. It still could by the way. There is a lower low that has recently been made. Looking price to retest the previous low that has been made.
Let's keep this simple. New high was made recently. A higher low is forming. Can price retest the previous high? I can see it rejecting the previous high and going lower. What do you think?
Xauusd reached our position in long action from yesterday But to be honest my first action for buying gold was field but i wrote a comment on my past idea that i will get in at new position for long as you saw in chart but there is NP at this cause all of trading stands on risk management…. Stay tuned for more trades as this (400pips) Follow for more…
Let's see if price continues to melt down. Let's see if price reaches 38 to 50% retest of recent low. If price reaches 100-123%, we will look for short term long depending on price action.