WXG is currently in an ascending wedge with bearish RSI divergence with the MACD rolling over and on a smaller timeframe has formed another ascending wedge also with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $1.74, moving SL to BE when safe to do so.
hey traders this green demand zone worked as support and push the price up to the upper supply zone as we expected Now we can take this zone as a potential resistance area in first touches u can use DCA at the upper fib lvl above the zone wont b valid if price break up the upper fib in daily TF what u think ? share ur chart and leave a omment
I'm looking for ever opportunity to be short in this market after a large run up last week. Taking this newly created breaklevel at 4370. Hoping it respects that breaklevel and continues downward. Putting my stop at the next breaklevel above at 4374.
Howdy friends, I can't seem to figure out why I would want to post something bearish right now. It doesn't matter if you bought coins a week ago, or yesterday, you'd be in profits! When this market is high trending its beautiful. But two things I can't seem to get over: One, the fact that this totally looks like a wedge or channel depending on where you place...
The Red Pitchfork is a Pendulum-Fork. It grabs the biggest Swings and projects the most probable path of price, like in this chart. The Count starts at P0 and relies on the REAL Swings that I teach you guys & gals. Therefore the Bump from the green Support-Line is NOT a Up-Swing. It's just the center part of a Sine-Wave. Then P3 is created, breaking the Support...
its time !! Sell after 12 pm Easter Time London Closes . Data Plus technicals Working Do not over trade do not follow market let market come to you !! CAFE CITY STUDIO 2024
🔅Intriguing developments on the USTECH100 chart are worth a closer look. Firstly, two key Fibonacci resistance levels, at 341.4% and 78.6%, have acted as strong barriers, indicating robust bearish momentum. 🔅Further dissecting the trend, we've noticed a clear pattern of forming lower lows and lower highs, emphasizing the downtrend's persistence. USTECH100 is...
Last weeks high: $36088.7 Last weeks low: $35064.8 Midpoint: $34040.8 Last week price consolidated after it's considerable rally the week before, we have a mini range between 34k as support and 36k as resistance. As price has stagnated profits have trickled down the crypto ladder towards strong altcoins such as SOLANA, and more recently lower cap plays which is...
Break of the Asian range to the downside. Trading with the #trend. Entry: R1 @ 2245 TF (Time Frame of Entry): 15M Trend (Y/N): Y L50: Bearish. EMA's: Bearish AR: Broken within momentum. ADR: Space OB/OS: No Divergence: No Grade: B, middle of run momentum could be slowing.. Result: Exit:
I am still long-term bearish on EURUSD until proven otherwise. With the current global climate, unprecedented events can occur at anytime and change everything on a dime. My initial target for a reversal back to the downside is a 3-Week Sibi residing just above the current Monthly Sibi. It is salient that the 3-Week candle does not close in the upper quadrant...
As you can see here, we are approaching a major imbalance on the hourly chart. I will be looking on the 15 minute chart for a heavy bounce off with good volume and hold it until close for a day trade. As always, thank you for viewing my analysis. #macys #puts #scalp
There is a pattern on H4 and H1, There are multiple tops wit divergence, and the market sentiment for next weeks seems like it has to fall, this trade is with the daily trend so it should fall to the bottom.
Thanks for reading this update. Bake shows on the TA side a fall trend, what does this mean exactly the next time frames should confirm it.
Starting off this week with Euro to the US dollar we saw a clear bullish trend established last week and we had some very strong bullish moves from our later session. We're looking for this move to continue forward as until we see a change in direction or a shift in narrative expect the same trend to continue we've broken down our 5 minute high establishing our...
Hello, fellow traders and investors! There has recently been a leg up in our bearish channel creating what we anticipate to be a lower high. There is plenty of uncertainty in the economy at the moment whether it be the wars in Russia/Ukraine or Israel/Palestine, upcoming interest rate decisions, the fed's approach to their balance sheet and applying quantitative...
This analysis outlines a potential short trading opportunity for the GBP/USD pair based on current fundamental, technical, and sentiment factors. The pair has been on a downward trend, with a further drop anticipated if certain psychological levels are breached. Technical indicators align with a bearish outlook, encountering significant resistance levels. The...
This Is A Possible Bearish Pattern For DogeCoin. Please Let Me Know What Yall Think ^.^
It's been a pleasure exploring such a unique financial asset class. Nevertheless, we are moving into a political & economic direction in which crypto cannot coexist with the financial system and have any value in the long term. There are many reasons for this outlook. Join my channel for more: Telegram: @DeltaS7