📉Hi Traders, Investors and Speculators of Charts📈 If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. Monero / XMR is an altcoin that still has massive upside potential for the coming bull season. But when analyzing Monero, I...
EURUSD fell from the Resistance Zone into a two-legged pullback around the Daily 30EMA. There isn't much for bear strength, so are we in a position to long? How do we trade this? 🤔 A long could definitely be justified if we get a strong bull close above the Daily 30EMA. We have a two-legged pullback from the Resistance Zone, several doji and weak bear bars...
📉The GBPUSD pair has been trading in a large sideways range for over a month. However, it recently broke below a significant support level within this range on a 4-hour chart. This indicates that sellers have gained strength, suggesting that we may see a downward movement in the pair, potentially reaching a minimum target of 1.2500...Trade safely 👍✅
Have you seen a better #BullFlag set up? Look at this bull flag on the weekly time frame for none other than #AMP Let's get straight into it. You can see the pole portion of the bull flag on two candles which are December 4 2023 and December 11 2023. which went from .00249 to .00477 within a two week span. After this swing high portion of the flag pole at .00477...
Intel is gaining its share back in chip manufacturing. It is getting orders from various countries Technical points: Volume is increasing month on month basis Bouncing back after hitting bottom and consolidating there for a while. Big bullish candles on monthly chart 50% price correction is done along with PE RSI is above 60 which is again bullish...
Nifty today confirmed the 50 EMA Mother line support and raced ahead only to be stopped by resistance zone near 21950-21964. Crossing and closing above 21964 will unleash further upside and can take Nifty towards 22063 or 22127. Peak of the rally based on the current trend lines can be near 22357. Supports for Nifty are now at 21819, 21779 and finally 21561....
📈 Gold failed to break the 🔴 Resistance zone($2,052_$2,043) 🔴and finally lost its Uptrend line. 💫 Gold has completed its pullback to the Uptrend line with an Evening Star Candlestick Pattern . 🔔I expect Gold to continue falling after breaking the Support lines , at least to the 🟢 Support zone($2,010_$2,004) 🟢. Gold Analyze ( XAUUSD ), 4-hour time...
Multiple time frame analysis for Gold. Price action & structure analysis. Potential scenarios. Trading plan explained. ❤️Please, support my work with like, thank you!❤️
Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long? How do we trade this? 🤔 My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This...
The Japanese yen may have weakened following the BOJ’s latest ‘non decision’ regarding monetary policy, but markets clearly weren’t surprised enough for it to extend its bearish moves today. Not a single xxx/JPY pair managed to break above its cycle highs, and momentum is now turning lower on these pairs to show a strengthening of the yen. But what has caught...
Trading conditions have been choppy over the past week and a half for currency traders whilst the US dollar index has remained trapped between its 50 and 20-day EMAs. But USD/JPY shows the most promise for a breakout, which we suspect could be to the upside. A false break below 147 last week suggests the corrective low could be in, and a 3-day bullish reversal...
AUD/USD fell from the late-December high to mid-January low in a fairly straight line, so it is no surprise to see prices have consolidated. However, the consolidation cannot last forever so we're looking for its next directional. Given the Aussie has failed to rally despite 'good news' from China, perhaps a spell of bad news could send it lower. That, or a...
Weakness was seen in Nifty after a strong start perhaps due to situation in China and developments in the Middle East as tensions are escalating to a certain extent. Purely on Technicals there was a shooting star daily candle formed on Friday and today on the hourly chart a miniature sort of Head and Shoulder pattern is formed. These to formations indicate...
NASDAQ:GOOG had a mega gap down on earnings news. The stock was simply over-speculated. The price of this stock was way above the true fundamental values. So the stock gapped down to its current fundamental value level. See the chart attached. The green rectangle outlines the last range where there were Dark Pool Buy Zones. Indicators like...
1. we have market structure shift. 2. we have price hitting a major high of 0.55 - institutional key level. 3. we have draw as the old low and fvg 4. we have a breakaway gap which i would like it to be left unfilled.
1. We are above previous week high. 2. We have mss. 3. We have a run on stops. 4. We have an immediate rebalance hence indicating strength. 5. We have our draw as the volume imbalance.
CADJPY may drop from a key daily horizontal resistance. The price formed a double top on that and violated its neckline. Goals: 109.86 / 109.6 ❤️Please, support my work with like, thank you!❤️