NVDA Can Fall: NVIDIA hit the 161.8 Fibonacci extension and took a little correction. It has been consolidating for some time but also forming a diamond pattern. Although this pattern is not one of the strongest, if it plays out, the market can fall below the FCP zone. Or even the previous high level with a 200sma (daily time frame) confluence and trend line....
Traders and Investors, No matter what the media and general consensus say, simply look at the charts and trade what you see. The dollar made a huge sharp move down recently which made the majority think and post about the "Dollar Crash". I saw 1000s of posts on social media including some from institutional analysts. But almost immediately the dollar has...
Traders and investors, Bitcoin has been causing a lot of confusion among traders and investors. So let's break it down and understand. 1. in June 2022 (1 year ago) Bitcoin broke out of the 30000 price tag but never retested that. 2. This year it formed a W pattern to reach that level and retest it. 3. The price reached 30000 this year and completed that W...
Traders and Investors, EURUSD has been falling after reaching one of our long-term targets. Now it is at a junction from which it can make a little jump. The price action is still weak, so we must be watchful and wait for good confirmations. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a...
Traders and Investors, Let's talk about the crypto market. There has been a lot of discussion lately about each and every little move that Bitcoin makes. A little move up sends bullish sentiments and over-the-moon projections across social media. Whereas a downward move creates despair. 🙂 This has been going on for weeks and months. So let's see what has been...
Traders and Investors, Tesla has been in a downtrend and is looking weaker at the moment. It is forming a potential M pattern which can push the price down. A good confirmation may be needed to initiate a position. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on...
Traders, EURCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time. Beware that this can still form an extended M pattern as we have a trend lines cross. So trade what you see and only with a...
Traders, We have been bullish since the last quarter of 2022 on this market. NASDAQ now is reaching a point of a possible breakout. Short term it can go a down a bit but on this higher time frame, it is still forming a bigger W FCP Pattern which means that it is still on its target to reach higher levels. Please note that the chart is Weekly timeframe. Please...
Traders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a...
Traders, EURGBP last week showed a rejection from the 200 sma. It fell a bit from there. We have a potential M pattern forming on the daily time frame. So it can continue to fall until it reaches one of the FCP zones where it can bounce upward again. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a...
Traders and Investors, It is still consolidating. I tried to go higher in the last week of the last month but failed to keep the breakout. There is a double bottom below which can target liquidity but trade what you see. It may or may not happen. Below this, we have 100 as the psychological level. A possible W pattern is also forming. It is not confirmed yet and...
CADJPY has a similar pattern as USDJPY. Please see the attached USDJPY analysis: Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other...
Traders and Investors, GBPUSD has been very bullish but the recent price action has started to show signs of fatigue. So watch these 2 zones (as marked on the chart) for a possible correction downward or trend reversal. A proper confirmation will be needed as the trend has been strong. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never...
Traders and Investors, Overall on the monthly and weekly time frame, it is still bullish although it fell down from the 150 level. Once this sort of thing happens, it is natural for the price action to revisit areas around previous highs to form a W pattern. USDJPY created a double top this week and fell down. now we are watching a few zones and the trend lines...
Traders and Investors, USDCHF has completed a weekly M pattern as we approach the end of this week. Remember this is a weekly time frame pattern so may take days and weeks but we can expect USDCHF to rise upward because of the M pattern and trend line. This can impact EURUSD inversely and also can give strength to DXY (USDOLLAR) which in turn can impact all asset...
USOIL May Target 103 At Some Point. An M pattern has been completed but because the price jumped sooner than expected from 76.48, this FCP zone is left with less strength. Because of that the market is finding it hard to make a good bullish move and is simply consolidating. Right now it is in a consolidation phase but has started to show a bullish structure. If...
Traders and investors, DXY (Dollar Index) is still bullish and may continue to rise up. In the coming days or weeks please pay close attention to the price action before making sort of decisions in the market. Irrespective of the asset class or the market that you are trading, make sure that you are watching dollar as it can change impact your trading plan. In...
Traders and Investors, there is a lot of joy, speculation, excitement and nervousness in the Indian stock market as it makes another all-time high today. This however can be very deceiving or a good opportunity. Depends on how to see and interpret it. 🙂 If you think this is way too high and it should take a correction or dump then it may just give you that sort of...