The commodity has registered a notable pullback from last month’s record highs and has now moved below the pivotal EMA200 (black line) and 38.2% Fibonacci of this year’s advance. This pauses the bullish momentum and exposes Copper to the ascending trend line from the 2024 low and the daily Ichimoku Cloud. However, this region could contain the correction and...
Bitcoin dominance. 26 day chart. It seems clear now that the dominance has fallen from the ascending diagonal it has been travelling on since November 2022. The wave trend gives an indicator of a probable downward reversal (the red dot corresponds to the blue candle). Heikin Ashi also gave a red candle. I will update the idea later this summer. For now I am...
SNAP had a mild top and bottom line beat with last week's earnings and the price fall. Given SNAP's mediocre social media interface, I think the earnings were decent but I suppose most traders felt otherwise looking for more. Technically on the 1H chart, price is sitting at support at the bottom of the fair value zone. PVT and the Gaussian Awesome...
Part XIII - Failure At New High I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves...
I've used divergence analysis on this setup looking to get a long position that TP point. Thanks
On the above monthly chart price action has grown 200% since May 2020. A number of reasons now exist to consider a cautious outlook. They include: 1) Bearish divergence. 5 oscillators now print negative divergence with price action as measured over an annual period. This measurement is equivalent to previous corrections. 2) Three rising wedges are shown. The age...
Penny stocks are excellent fun during market volatility, they move as fast as crypto charts. Thusly chart patterns reveal themselves with pace. On the above 2 day chart price action has corrected 90% since October and even more so since Oprah Winfrey decided it was time to exit. Now is an excellent long trade. Why? 1) Price action and RSI and MFI resistance...
On the above 3-day chart price action has corrected 96% since the awesome sell signal back in March 2021 (not shown). Now is an excellent moment to be long. Why? 1) A break out from price action and RSI resistance as price action falls on historical support. 2) Multiple oscillators printing bullish divergence over a 7 week period. Amazing. 3) The target is $8....
OPEC and allies including Russia, have been implementing a series of supply reductions since late-2022, which have helped support oil prices and on Sunday they agreed to prolong those curbs . Around 3.66 million barrels (mbpd) of cuts that were due to expire at the end of the year were rolled over into 2025. The most recent tranche of 2.2 mbpd that would expire...
After increasing sharply last week, Shiba Inu (SHIB) turned bearish as its price started to drop. The price decline pushed SHIB towards a critical support level. The memecoin’s price surged substantially on the 29th of May, allowing it to touch $0.00002924. But SHIB couldn’t sustain the pump and fell victim to multiple price corrections. The analysis of the...
UNG on the daily chart has put in another monthly low similar to that of December after falling from a double top in early January. Gas production may be low. Storages may be depleting as demand is steady even in mild winters. The indicators show mild bullish divergence on the zero-lag MACD and volatility compression on the Fibonacci levels with low...
🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions. 📆 Coin of the Day: SOL About the Project Solana (SOL) is known for its high-speed blockchain technology and increasing adoption. It remains a significant player in the crypto space with a strong ecosystem. 🧩 Technical Analysis 4-Hour Timeframe This...
On the above 2-week chart uniQure N.V. price action has corrected 90% without the aid of share splits. A number of reasons now exist to consider a long position. They include: 1) Price action returns to legacy support. 2) RSI resistance breakout. 3) Strong positive divergence as measured over a 2-month period. Look left. 4) No share splits. 5) Price action...
Friday's candle was a strong blue candle that has potentially charted the lowest low in a three candle cluster. If today's candle closes above Fridays' high then it will be bullish with a potential swing low locked in. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM...
CAPITALCOM:UK100 has been in a strong bullish trend. Following retracement, price has formed an inverted head & shoulder pattern indicating potential bullish momentum!
Hi guys Considering the consumption of the specified range, the probability of reaction to the specified price range is very high. On the higher time frame, the probability that a higher ceiling will be formed compared to the previous ceiling is very weak. As a result, our bullish view is short-term for now. What do you think?
I will be waiting for a potential Higher low to execute my entry as NAS has completed its Fib retracement on daily time frame Last week end and gave a bullish closing. Now after the opening of this week 1 hourly chart has printed a new Higher High Now I will wait for 1 hour Fib retracement to execute a precise entry. What do you think. Thanks
Yatharth Hospital & Trauma Care Services Ltd, listed on the National Stock Exchange (NSE), presents an attractive investment opportunity for those looking to capitalize on the growing healthcare sector in India. The company's financial performance, technical indicators, and positive reviews all point towards a promising future for investors. Financial...