Designed to track the performance of the S&P 500 market index, the SPDR S&P 500 ETF Trust (current AUM is US$529,081.40 million) is engaging with an interesting area of support on the 4h chart after gapping lower on Wednesday. This follows an all-time high forged last week at $534.00. SPDR Testing Support The uptrend in this market at the moment is obvious,...
Here is my ABCD idea for GBPUSD on H1. OB range are on 61.8% and TP target at -27.
Here is my ABCD idea for AUDUSD on H1. OB range are on 61.8% and TP target at -27.
Probability of the end of downtrend as formation of ABCD Pattern is completed. Price may get range-bound or an uptrend can begin. Watch out closely. Next week will clear the scenario.
Control changed hands in the gold space (XAU/USD) last week; buyers strengthened their grip, adding +2.5% and snapping a two-week losing streak a whisker off all-time highs of $2,431. Technicals Favouring Buyers Last week’s move was (technically) aided by support on the daily timeframe coming in from $2,280, a level which the Research Team were watching...
Treading lightly here as the SPY looks to be right at the end of a bearish rising wedge following a bearish ABCD Elliot Wave heading into a major week economically speaking. On Wednesday we have retail sales numbers, core CPI, and Core CPI YOY coming out, followed by jobless claims on Thursday. Will be watching closely, some support levels and RSI-based supply and...
ETHUSDT is trading in strong bullish trend and consistently printing HH HLs. and is about complete ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the buy momentum continues the next target could be 4500 What you guys think of this idea
1 - Bear Trend since Oct 2023 ✅ 2- Fibo retracement to 61,8 ✅ 3- Last 4 days price has closed under 200 EMA in the Daily ✅ 4- ABC pattern completed , waiting for last stretch C-D
AUDCAD is trading in descending channel and printing consistent LLs LHs. and it has also completed ABCD pattern at strong daily resistance level. Now buyers seems to be exhausted at resistance area and selling pressure seems to be activated. If the sell momentum continues the 1st target could be 0.8800 What you guys think of this idea?
FTMUSDT is trading in strong bullish trend and consistently printing HH HLs. and is about complete ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the buy momentum continues the next target could be 1.0800 What you guys think of...
GBPCAD is on an uptrend but we are looking for a sell here. This is a counter trend but here is why we are selling. Trend: W1: Up D1: Up H4: Up Moving Average: Above the Daily MA H4 pointing upwards Pattern: AD=CD on H4 Strong resistance at 1.7340 Double top on H1 and lots of divergence Stop loss of 40 pips and a target of 120.
In this chart we have spotted ABCD pattern with the help of fib retracement as it break Point D we also engage a SELL STOP order as well.
TIAUSDT was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price is been reached to daily support level , which also the completion of AB=CD pattern. The instrument also formed bullish divergence which is showing bulls seems to be interested in taking the control. If the bulls took control...
H4: Pointing Upwards (H1 is overbought) D1: Up (H4 is overbought) Moving Average: Against Daily MA H4 pointing upwards Pattern: M30 AB=CD Strong resistance at 0.6490 - 0.6510 30 pip stop loss. 60 pip target Why are we taking this? 1) H4 and H1 is overbought 2) Strong structure 3) Yesterday's high 4) Lots of divergence
Hi. ➡️ Due to the ascending structure of the chart - High potential areas are clear in the chart - You can look for reasons to enter according to your own personal strategy after approval. -AB=CD -Cup&Handle -Ascending Triangle -trend line 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more...
Entering hoping the reaction from the measured move will allow me to move my stop to breakeven. Also anticipating the stops behind the previous low will serve as a liquidity boost to move the price upwards. The risk to reward is just illustrative.
EURCHF is trading in ascending channel and printing consistent HH HLs. and is about complete ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the buy momentum continues the next target could be 0.9500 What you guys think of this idea?
MATICUSDT was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...