1st - Bearish Divergence: RSI & MFI on 1D & 1W chart
2nd - Wyckoff Method: Distribution TR phase C (UTAD TEST) more pronounced in the 4&1H charts.
Analysis:
There seems to be weakness in the stock, and despite the recent highs and uptick in volume the exhaustion can be seen per the TA presented. BUT REMEMBER, the AI craze is still on going and this could be...
Seasonal favors downside in crude oil. Market presented a new setup.
IQ has always and will always, get all the praise; but discipline gets the job done ~Mark Ritchie
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
As expected in the last post(linked), we have seen further weakness in the stock and still, the price structure of the stock does not look promising.
Immediate resistance for the stock: 705-720
Immediate support at 655-650
Sbi card is moving with lower highs and lower lows formation since August 2021.
The stock has broken its important support levels around 800 and is resisting it for the past two weeks.
This week it opened with the gap on the downside and saw follow-up weakness.
Going ahead, the 770- 800 zone would act as a strong resistance for the stock and we could also see...
BTCUSDT anatomy of a bulltrap
* Heikin Ashi bearish;
* Show of weakness on volume / institutionals sell-off;
* RSI (overbought), Awesome, Chaikin Money Flow, all bearish triggering;
* Moonbois triggering;
I saw the moves of good on buy few days ago then I published it if you have had made that moves you will be over 80 pips...
Watch out for retest on 1801 and 1807 area... then look for potential moves to 1834...
Hello guys, in this technical analysis I found up a another armonic figures a BAT, So, the target is reach at 1.618% of Fibonacci, now, we find up with bearish candlestick pattern and so, it's mean a possible manipulation of this zone, I use my secret Fiboancci called Shark Hunters, well, it's never get us this pattern when we do in the morning a possible buy...
