Step to identify the beginning of a reversal and making a decision for a trade. 1. Draw/mark the current trend based on HH/HL/LH/LL, and use the trend line at those points. 2. If the current price crosses the trendline, that's an early signal for a reversal. 3. confirmation of a reversal when the price breaks the structure/pattern (bottom/top). 4. After the above...
XAUUSD broke and fixed tow important area 2050 and 2030.i LOOK for selling signal, because price returns to the descending channel and testing local lows on the back of a rising dollar Resistance levels:2024-2030 Support levels:2017-2013-2010
Gold is currently reacting on a key level (1925) which has the Daily EMA-50, 4Hr EMA 200/50/20 on clusted there. The 4hr candle closing below these EMAs could spark a short to the next liquidity zone (1915). The 4Hr candle closing above the EMA-200/50/20 could spark buys to 1952 potentially but before the market will buy, i will expect some liquidity drops to...
The price suffered a major decline between 22nd February 2021 (0.99901) to 10th October 2022 (0.86040) and the market bulls took over to correct the price to 0.95489 on 23rd January 2023. Since then, price has been a decline for the past consecutive 8 months in a descending channel. Price is nearing a yearly trendline support level which the bulls are...
Last Thursday, gold price attempted to make a correction towards the $1930 PER ounce but was quickly rejected by the EMA-200/100 on the 4Hr time frame at $1929.814 which signifies that the bears are still in control in that region. Last Friday, the price declines to 1919.085 at the time of market closure whereby the last two 4Hr candles closed below the trendline...
We can expect to sell continuation on GOLD, we are in the last leg of the correction pattern. We are in a wave C of a Y leg. A Zig-Zag is a simple correction where waves A and C are equal.
Price action has been channeling in a zigzag pattern. Micro bearish impulse downward leg in development. Just pointing out levels to watch.
BTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C...
SP500 is making a sharp reversal, so it appears it was failure break higher after that overcrowded trade when everyone expected 4200 to be a major breakout point for the bull run. We also see USD still in bullish mode which can extend gains much higher now if stocks will be in risk-off mode. Looking at the SP500 price action, we see price falling below the...
I see a long-term sol 5-3-5 zigzag structure in the chart It seems like a good investment enjoy
A potential bullish scenario : 1st ABC correction zigzag pattern with upcoming wave 5 of c-leg targeting 0.382 retracement of previous 5X motive wave move between 24-25K However, wave 1 and 3 in c-leg are extended, wave 5 can be the shortest wave and truncation is still possible. Action: A safer long entry can be placed when breakout downtrend line 2-4 or above...
After the formation of the triangle, Shiba should move up from the triangle, the final correction of Shiba is up to 780, and then it will go up to the areas I specified in the picture.
Our Pattern Piper found a downward zig zag (USD/JPY) to closely resemble Coinbase's downward zig zag. What do you think?
Eu Supply Zone Short. Important potential reversal zone...
EurGbp Liqudity, Supply Short Setup. Important zone reversal potantial...
Considering the strength of growth and strength of fall in the previous wave, we are probably witnessing the formation of the ABC pattern The end of C is suitable for buying ⚠️ This Analysis will be updated ... 👤 Banipal : @hosseinbakrani 📅 02.12.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
EurCad Long Setup, Harmonic, Important reversal zone, change market structure..
USDCAD will go down tomoŕrow, because in 2 days daily candle no power to go high. TP at support 22 nov, and SL at fibo 61%.