Today I've noticed two bullish confirmation which gives a high probability of trend reversal. 1. Hammer candle - This shows buyers start to take control over shorts, confirms 19 areas successfully acted as support. 2. Green volume picked up - buyers are increasing, another confirmation that many traders believe 19 is bottom. We may see a reversal...
VIX is forward-looking data that tracks the premium of S&P 500 index options which expires in the European way. It does not necessarily move the opposite direction of the S&P, but it historically mirrored the movement of the S&P. Looking at SPY, in the 1-hr chart, it's trending down, lower highs and lower lows. 50-SMA acted as resistance at the last lower...
TSLA enjoyed run fueled by Robbinhooders and Vision fund, but the glory days will be doomed. I believe the gap between fundamental and the price will be reduced this time, by around 50% decline at the current price level. If RS 1 acts as resistance on Tuesday market open, we may be able to take it as a confirmation to the downside. Possible price target...
Possible GBP long, Demand zone is acting as support (not confirmed yet). we may see short term reversal If Cable hold this area.
The candle sits on 8/21/50 SMA, typical bullish pattern.
Hi all, UVXY formed three white soldier candle pattern today. This is a bullish candle pattern, which demonstrates there's a high probability of continuous uptrend. We may or may not see a double top depends on S&P's volatility, which I think very possible.
New all-time high means time to consider shorting the market especially there is so much gap between fundamental and equity. Usually, this is the time when institutions and big banks take their profit and dump all the leftovers to retail. VIX will be a good hedge to an unexpected fall in the market. UVIX recently got out of the falling wedge, which can be a...
Hi traders, Possible 100% technical Gold long opportunity is seen, Entry reason: Right shoulder is acting as support TP: the technical point where RS1 crosses DT 1 GL !
Short-term profit target : Demand zone
Expected XAU to retrace back to 1910 level and retest, The short-term resistance was established based on the below reasoning. **50 Moving average acted as resistance in 4 hr chart ** 61% of fib level reached from previous high Short-term profit target : Target : 61% fib level from supply zone
USD is still trending downward, expected to deepen further as more QE will be taken in place. Long - term Trend: downtrend Trade setup - RR: 1:4 Expected CAD to retrace back to supply zone level and retest, The short-term bottom was established based on the below reasoning. The long-term uptrend line from 2017 acted as support. Short-term profit target...
Russia's vaccine news erased huge gains in the gold market today. it was panic sell, but momentum is still bullish. We may see magnificent volatility in the gold market in coming days. Expected XAU to retrace back to 1910 level and retest, The short-term bottom was established based on the below reasoning. **200 Moving average acted as resistance in 4 hr chart...
reached 1.618 fib extension level, we'll see short-term retracement demand zone level. The Cable is still in up-trend.
TP at point D reverse position from long to short @ D
GBP is strengthening as Brexit is brining positive UK economic outlook. It's now time for the retracement, both scenario 1/2 both provides 100+ pip opp. Suggested entry is a demand zone.