XOM appears to be trading in the 5th wave of a five-wave advance. The 4th wave looks over at 114.10 after having retraced 38.2% of the previous 3rd wave. We can buy here, with a stop below the aforementioned support targeting at least 123.75. For conservative traders, we can wait for a confirmed move above 121.87 to enter with a tighter stop loss.
after completing correction in 4th wave share making higher low and looking for breakout of contracting triangle accumulate for a longer period of time for higher return. Icing on cake is 8.50 rs dividend which translates into approx 4% yield.
👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Short setup in BTCUSDT for scalping. Please refer to the details Stop loss, FVG(Supply Zone),open for take profit. BTCUSDT daily chart is in uptrend or ranging market, this is just a retracement trade idea and you could consider buy BTCUSDT after reaching the demand zone marked with a reversal to...
Hello everyone (an update for my last idea of SPX) I do not agree that SPX rally has been over and and this correction is the start of a reversal trend although I accept every surprise in this market. One of tricky ways that most of traders chose is to walk in the middle line and talk about both bullish and bearish scenarios in the same time. It really works for...
ZIG has so many confluences to long from here. 1. Breakout from Head and Shoulders on 1D Time Frame done. 2. Market Structure is super bullish. 3. Higher Lows retest done. Now let us fly together on same boat.
Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and...
Today price fell over 5% to the downside. It was a pretty strong move and not one I would expect to happen during a c wave. This has me wondering if we have officially finished (B). We could still get another high to the 0.618-0.786 area @ $246.64-$263.82 as the micros suggest a move up soon. How high that raise will be, idk. It could be extremely minimal and just...
According to the analysis presented in the weekly time frame, Bitcoin registered a new ATH and is currently facing selling pressure in the lower time frame. Three movement scenarios can be considered for the next movements of Bitcoin. 🔰 The first scenario : if it is not able to break this ceiling in the weekly or daily time, it can continue its growth with a...
after what was measured by Xrp angles and its previous fractal, which hit the target 100%, I can only think that this can be repeated again but less than less in Bitcoin, well yes, BlackRock had +500 ETFs presented and recently denied only one, ONLY ONE! yes of course it was only the BTC ETF, remember that the etfs can be presented after a few weeks, and currently...
Short Term Elliott Wave in Tesla (TSLA) suggests the rally from 4.22.2024 low is in progress as an impulse. Up from 4.22.2024 low, wave (1) ended at 198.90 as the 45 minutes chart below shows. Wave (2) pullback is currently in progress. The internal subdivision of wave (2) takes the form of a double three Elliott Wave structure. Down from wave (2), wave (i) ended...
- I believe BTC is currently in the fourth corrective wave of the full Elliott Wave cycle (highlighted in light blue). - After a short-term correction (yellow line), it will enter the final hype phase. - The buying opportunity is around the 65-66k level. - Watch the trend line would supports the price, but keep in mind that this process will take time.
Skewed Triangle If a very strong trend takes place, we could face a Skewed Triangle, its wave D is longer than wave B. So. It’s the only type of triangle, which has a direction towards the main trend. This pattern is rare and we should mark it as the last possible scenario. The following Nifty 50 chart represents a Skewed Triangle, which pushed the price higher...
Here I have EUR/USD on the 4 Hr Chart!! Upon deeper analysis of EU, the LOW created on Apr. 16th happens to be a NEW LOW since the LOW back in Oct. of 2023!! Since that low, price has been in an UPROAR! Moving fairly Bullishly! Not to mention that it seems we could be seeing the end of an Elliot Wave!! Price is currently at a STRONG ZONE tested Multiple times...
BUY GBPUSD for uptrend continuation STOP LOSS : 1.2637 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
4H swing is bullish => current it is pullback The current 15-minute timeframe shows a bearish CHOCH signal The current price is in the Demand zone, we can look for buying opportunities in the 1 minute time frame, giving a bullish CHOCH signal.
This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....
K3 break up the upper limit of a potential bullish triangle pattern under increased volume, It reversed the larger scale horizontal trend. So, I bought it at 8.06. If the following candles consolidate here for days, It is still a good place to increase long positions. The potential support at about 7.74-7.86. Long-8.06/Stop-7.5/Target-16 Long-7.86/Stop-7.5/Target-16
Hello,Traders! SILVER is going down To retest a strong key Level around 29.6$ Which is now a support And from where we will Be expecting a local Bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!