Hi There, The price action over BTC H1 is a bit unclear. The current candle is bullish below a bearish trendline headed towards a bearish zone marked (Y). And if the price manages to reach above (Y) and break the 52773 area, then bears would have lost more weight. For now, the support level 51326, which makes the low of (A), needs to break for a bearish...
Hi there, The engulfing candle happens when the break-out low of the ABC pattern yields strong continuation momentum in a directional trend. There are minor and major engulfments, but the meaningful ones are the major ones. An engulf is at the sharp turning points or reversal areas of a trend and should complete the sequence of an Elliot wave and a Wolfe wave at...
Hi there, GJ appears to be in the downtrend from the high and resistance of 190.131, headed toward the 188.486 level to the 188 area range. If the price continues bearish in this area range, then there'll be a chance for the price to further drop to the 187 trend line for a bias of 184.154. If the price turns and breaks the 190.131 resistance then the setup...
Hi there, The price is neutral over the 268.71 low. A break of this low might encourage more bears, but the price can reverse to test the 280 area. 293.79 and 283.23 highs maintain the bearish momentum in this time frame, and as long as 283.23 is still active over the current price, the overall trend is bearish here. Happy Trading and have a great weekend K.
Hi there GBPNZD appears bearish at the H1 time frame, aiming for the 2.05487 area for a bias of 2.04275. The price came down from the 2.085 to 2.05154 low and then rose to a lower high in the 2.0800 range, making the current price movement a continuation of the bearish momentum from that high area range. Also, the price is below a minor supply zone, so there...
Hi there, ADAUSDT has a potential head and shoulders pattern forming, with the price possibly dropping to 0.5056-0.5030 or even lower for a bullish higher low to form the right shoulder. The key takeaway is that the right shoulder must be established for confirmation of the pattern. However, I am feeling impatient as the price is currently bearish towards the...
Hi there, USDCAD looks bearish at the M30 for a potential price target of 1.34213 with a bias of 1.33817 The price is pressed down by the 1.34800 area, and as long the price maintains below that area the bears have control. If the bulls manage to push and break the 1.3500 area then the setup will be invalid. We need to see a continuation of a lh to the current...
Hi there, EURUSD appears bullish at the M30 up towards 1.08216 for a bias of 1.08472 due to strong demand over the 1.07400 - 1.07200 areas. Monitoring will be required as the price pushes against a bearish price movement. Happy Trading, K.
Hi there, BTCUSD is in a downtrend from the 33K high and has remained below significant resistance at 42610. There needs to be a break of the low at 41847 for a bearish continuation. The engulfing candle at 40021 is the first target for a potential bias of 38000 due to a possible bearish pull in the 41500-4100 area. Happy Trading, K.
TSLA looks bullish at H1. The price has the potential to find meaningful resistance at the 260 area only to recover back up to the 280–290 area. Strategy: SND & Wolfe Wave K.
Hi there, BTCUSD is ranging between the 43103 high and the 41705 in the 3-hourly time frame. The candlesticks lack volatility in either direction, leading to uncertainty and potential guesswork within the range. It is the bearish candle that formed a low at 41509 to the lower high of 43785 that makes the price movement neutral, and what we hope to see is a...
Hi there, The price formed a high of 47642.22 after breaking out at 26549.29. As of right now, the price looks to be in a bearish retracement, with a potential target price of 37370.20 for its ABC bearish sequence. A proactive approach to trading that involves thorough assessment and evaluation of key factors such as price formation and volume-valued zones. Here...
Hi there, There's an ABC pattern forming in the USDZAR H1 time frame. AB appears to be a correction in a bullish trend that continues in higher time frames when viewed over a stochastic indicator. Therefore, BC is expected to continue the bullish XA wave, reaching an approximate price area of 19.31196, with 19.08984 as the first price target when applying a...
Hi there, There is a bearish trendline break and retest at the H1 EURGBP pair, and bearish pressure is high at the 0.86324 area. The setup will be valid as long as the price remains below 0.86535 for the major break of that low. The closest target is 0.85964, for a bias of 0.85670. Happy Trading K.
Hi there, XAUUSD is potentially bearish at the 3-hourly time frame. The price is currently challenging the 2066.63 area, but our bearish objective is the break of the 2010.70 area. If the price rises above the 2086.89 LH, that will invalidate the setup because a lower high typically leads to a series of lower lows. The first desired target area is 1970.32, and...
Hi there, XRPUSDT looks bullish at the M30, having completed the support area range of 0.56-0558. The momentum moved in a bullish sequence of 1 to 2, which indicates a minor retrace may occur to break the high of 0.5742. The price is attempting to change the momentum of the AB wave. The force of this change is from the low (Y), which forms a bullish pressure at...
Hi there, A look at the BTCUSDT chart at the 3 hourly time frame, we notice a price movement from the 40465.86 support line to high 1 to low 2, and the 2 was not broken by the high (A) forming a ll that is a hl to the retracement of 1. This indicates a bullish pressure at work in the 42K area and, with it, a bullish trend. (A) is, therefore, the high of 1 over...
Hi there, Fundamentals : Despite an unexpected surge in US crude, gasoline, and distillate inventories, oil prices experienced a slight increase on Wednesday. WTI crude futures stabilized above $73 per barrel, initially surging over 2% after government data revealed unanticipated rises in US stocks. Investors are now closely monitoring the forthcoming OPEC+...