AES made a "golden cross" on 9/1 and the daily candle made a bullish engulfing candle. In addition the Bullish Engulfing candle closed above the (weekly) descending trend line of the triangle. OBV crossed above its 9 day EMA and the 13 day FI recently crossed zero suggesting momentum is accelerating. Stop: 2XATR ($24.59) Target: $28.89 (prior resistance)
Top-down analysis on S&P500 index. Price action / key levels / thoughts. Potential scenarios & trading plan. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Our SHORT PROJECTION has ended with a deep 78.6% Retracement. With the New Month. We are looking to LONG the Pair. Looking for best entry most likely coming week. We have Tweezer and Doji on MN.
Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Basing for the past ~6 months * Coming up on the right side of its base * Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume * Printed an inside day with higher than average volume * Bouncing off of...
Details on chart - entry once price closed bearish below supply zone
We have had the pair ranging for two month forming two Doji Patterns on MN and a inverted hammer last week. Possible swing long for the pair.
My idea here is that GU is likely going short from sell (1.1561) down to(tp 1.1499 and 1.1408.) Just my idea. More likes and comment from 👉.
Pending order ready to go with sell stop below sideways consolidation channel. Market is in downtrend. 4h below 200 SMA. Price is rejecting golden fib zone. Must break below the 4h and daily support to continue to the downside. NFP news today, so please be careful.
Banknifty is in a tight consolidation range in the higher as well as lower timeframes A breakout above 39450 - 39470 zones can bring a very strong upmove, However a buying can be planned at 39220 - 39250 levels, keeping an Stoploss at today's low for targets of 39400/39500/39650 levels Let me know if you have any questions in the comment Be active on this post...
After retracing 61.8% of the recent AB up swing (that lasted 2 months from 17 June to 16 Aug), the market finally seem to be finding support yesterday, forming a bullish pin bar and a potential bullish divergence between price and stochastics. However note that a bullish divergence usually signify a SHORT TERM trend reversal (lasting only several candles) and may...
Hey traders, Silver remains under a strong bearish pressure: the price broke and closed below a key daily structure support cluster this week. The next support that is spotted is 17.0. I believe it is the next goal for sellers. I will be waiting for an occasional retest of a broken structure to short from there. ❤️If you have any questions, please, ask me...
Here's another look at EURUSD. Keeping it simple. Since I'm expecting short continuation, I will specifically be looking at this unmitigated supply zone. 1:3 Risk to reward here
still bearish overall since we have been dumping with tomorrow being NFP i am looking for the 1H IMB to get filled up and then show evidence towards the downside but could blast through that and head towards the upside seeing that the 4H has now been fully filled up so who knows, just gotta wait and see what happens
Key intakes: 1. Gargantuan bearish down thrust back in March 2020, giving away the bears' whereabouts. 2. Price retraced to the range where the bears are stationed, with weak momentum. 3. Trigger candle confirming the set (so far), in June 2022. Powerful break below the previous structure. 4. Price retested previous support/new resistance + EMAs, which held...
The price is now on a support zone. We saw a bullish candle with a big shadow: this is a signal of rejection. I used the ATR to put my SL and TP. I doubled the ATR's value to put my SL and I put my TP two times the SL.
Bearish sentiment going into NY session based price action and sentiment from london session hypothesis for bearish direction was confirmed once price closed below DBA's and doji rejection on 5 min tf. Entered once price went below bod of bearish doji. TP:1692.75 Took some scalps on the 1 min once price gave me the indication that price wanted to go lower...
Before I say something no bug wants to hear, let my first say, I don’t care which way the market goes. The only care is, which way is it going and how can I profit from it? On the above 2-month chart (Yes each candle is 2-months of data) the months of March and April have printed a Gravestone DOJI candle. Make no mistake how powerful this is on this time frame....