If we can get a retrace up to the 1.2825 area, I'll be looking to sell down to the 1.2700 area based on selling pressure and confluence of the 4hr supply zone, 50 ema and descending trendline. If that area is broken to the upside, we may be looking at a potential short opportunity at the Daily supply zone above.
Alright, so I was actually expecting Heating Oil to go higher, however this didn't happen. I believe that prices could potentially go down to lows of 1.8800 however I would be very careful as prices are approaching our ''V'' Have a strong look at your volume indicators guys as prices approach our key level (1.9000) We could see a sharp reversal as prices...
I was really close to predicting the complete bottom of Ethereum a couple months ago. Seeing how things are going, we are going to see a little bit more fall for ETH.. My Previous buy signals are for the current price of Ethereum at $380. This I knew would happen inevitably at some point as it has just done. Just stay patient. There may be a pump here soon, but...
Welcome traders! Today we're seeing the SPY go in for a retest of the upper part of the descending triangle once more. The key level to watch today is between 266.23 - 264.83, depending on how the chart reacts to this area it can give us an idea of what to expect for tomorrow and the upcoming week. Seeing a break through and maybe a bounce could signify some...
Short term I am neutral. I mainly am posting this idea to make traders aware of a huge resistance area that bitcoin is now once again approaching. The last 5-6 posts, I have put myself out there and made price predictions that have been largely contrarian, but fortunately for me, spot on! I am grateful for the good trading fortune. Not wishing to push my luck, I...
BTC has bounced nicely from a higher low and broken the linear downtrend on my graph once again. Unfortunately there are many ways to plot the current correction/bear reversal which do not all indicate a bullish breakout yet and this linear resistance has previously been broken and fallen back through showing that uncertainty and fear still weigh strongly after...
There is a possible head and shoulders forming which would prompt EURUSD to go significantly up. Very tight stop loss On the other this pair has been making significant lower lows and lower highs and with a breakout of the trendline I will wait for the retest and then sell. I am currently in the buy with positive 13 pips at the moment
It is following the 1/2/3/4/5 pattern, and broke trough the support area it had in jan/feb. Crypto will continue to go down, stay strong and short positions at these market conditions. HAPPY TRADING FOLLOWERS!
SHORT TERM TRADES. A BREAK DOWN OF THE ASCENDING TRIANGLE SHOWS THE BEARS ARE IN CONTROL. I AM EXPECTING PRICE DROPS TO THE FOLLOWING LEVELS WITH BOUNCES ALONG EACH ONE. MEASURED TARGETS FOR THE FIRST TWO PRICE BOUNCE LEVELS FOUND BY MEASURING APEX'S INSIDE TRIANGLE AND IF BEARS REMAIN IN CONTROL FINAL PRICE DROP IS MEASURED FROM THE POLE OF THE INITIAL PRICE...
My timing might be off, but my story stays the same. Nostradamus was a great historian, and Brittney Spears did make a comeback. BTC is definitely a sour patch kid. What else is next?? Between lines A and B is a good buying area. The closer you buy towards Blue Line A the safer your buys will be. There is a possibility that this trend is creating a double...
Although price is still above 200SMA, we may be a bit concerned with the lower low that reached 94% FIb from 7023 to 6164. This is a warning sign that a top may be forming. However, as long as price stays within 6164 and 7023 bracket, I won't be looking for opportunities in Tech stocks. Standing aside. Of course other traders may have different opinions, but it is...