- Seems volume coming in - Healthy retracement approching MA20 - Becareful fundamental company not so good - Had higher chance to make one more move - Careful wuth market depth too volatile - Price can go as projection
Hourly plays here that could transition to days. The EMA has held strong on this bull move. Buyers stepped in to move price, and sellers faulterd. There was not much of a battle here at all this time.
According to the current market structure, My forecast based on market structure which will lead the market to uptrend direction.
Since February, the price of natural gas has increased by more than 50%. It seems plausible that this upward trend will not continue at this pace, especially with the warmer season approaching. Seasonally, it's worth noting that natural gas often experiences cyclical highs in the spring, which are rarely sustainable. Based on this premise, supported by technical...
Since its inception, it has created a very large falling wave, and now there are only three corrective upward waves that end in the region from the two above, and then the decline will continue to test its historical bottom or break it. The data is placed on the chart
5 star Setup for Swing. Trendline Support on Daily TF And Clear RSI Divergence. Recommended in futures next month expiry with definite SL.
Going over the morning session ES looking for clues and how we could have traded better today.
Costco’s stock price has seen a significant increase recently, and there are several reasons behind this rise to $820: Strong Sales Performance: Costco posted net sales of $19.8 billion for April, up 7.1% from $18.48 billion in the year-earlier period1. Net sales for the fiscal 35 weeks were $166.44 billion, up 7% from $155.62 billion a year earlier. Shift in...
As I mentioned in the related VIX analysis where I called the VIX from $19.50 to $12 we went sub-$13 but with a fall in many non S&P500 stocks falling and not benefiting from this. Therefore the risk reward of my play is higher but I remain bullish over the short term but bearish on all risk on assets including crypto in the intermediate to long term. I still...
A generic idea. Ethereum might bounce from this area. Definitely, support this idea with MACD and/or RSI for validation of reversal. Follow me for more ideas.
The long-awaited approval of a Bitcoin exchange-traded fund (ETF) in late 2023 undoubtedly marked a turning point for the cryptocurrency. However, with this institutional influx, concerns regarding increased market manipulation have also surfaced. Let's delve into whether these concerns hold water and what the future might hold for Bitcoin's volatility. Pre-ETF...
Taken a small scalp short to finish the week on US 30. Entry 39427 TP 39461 SL 39480 We are trading within the 15min FVG (red box) and we've partially taken the sellside (red line). Just keep a close eye on how we play from here and finish the day from here. Hope you guys had an amazing week in general and enjoyed your trading. As always regardless of the...
Bitcoin (BTCUSD) broke again below the 1D MA100 (green trend-line) after the 3rd rejection on the 1D MA50 (blue trend-line) in almost 1 month (since the April 13 bearish break-out). If it stays unbroken, it is a far from ideal development as the 1-year price action has shown us that such a pattern risks making a Lower Low. The technical structure since April 08...
BITU - channel resistant , short to target 28 where 4h demand exists. Not look for staying short too long on this one. It will eventually break the channel to the upside. Will update chart when long signal happens.
BINANCE:SUSHIUSDT breaks out of the immediate resistance at 1.0719 and is currently retesting the same area as a new found support. If the zone holds, we just might see new highs. However any further dip will present another opportunity to go long for me. #SUSHIUSDT
This is the EOS weekly chart, side by side with a re-distribution schematic. If you zoom out you'll also notice that I highlighted the 5 wave impulsive structure to the downside that we had during the bear market, and how this ABC correction took out the wave 4 highs, exactly how it's supposed to before a continuation would begin. The monthly indicators all look...
Breaking through prior support, turns resistance. We are still in a bullish channel. To validate the short trade, BINANCE:TRBUSD must close below $127 on a significant time frame in order to confirm the downward trend. Until then we are awaiting confirmation, but pressure to the downside seems imminent. More explanation on this trade later.