I believe that the recent rebound of Nikkei 225 forms as A-B-C wave 4 where C wave is potentially an "ending diagonal". If that turns out to be the case, then the breakdown from the bottom trendline will be a sharp fall. Alternate Count: The alternate count to take note is that the 1-2-3 will become A-B-C and A wave becomes wave 1. As for the expected wave C, it...
Current Situation: NIFTY is trading in a tight range. Breakout Potential: Awaiting a breakout in either direction. Market Watch: Key levels to watch closely for the next move.
Looking for Sells today EUR USD Currently trading under the daily Pivot #EURUSD #sell #forex #DXY #Dollar
Asia-Europe session analysis on 12/08/2024: Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future. The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at...
The chart is screaming now or never for XRP/USD on the long term chart. We just had the end of the lawsuit (if no appeal within the 60-day window) and a breakout above the long term resistance.
We have just broken the lower trend line and now waiting to see if this is a fake out for a continuation of trend to the upside, staying inside the channel, to the next resistance. If the break of the trend isn't a fake out, and we are just having a retest of the trend line, I will wait for a break for structure to the downside to be sure of a sell down to the...
Comprehensive Analysis of XAU/USD (Gold vs. U.S. Dollar) Across the 1-hour, 15-minute, and 4-hour charts, the current market structure of Gold against the U.S. Dollar (XAU/USD) reveals a critical juncture, with several key technical patterns and liquidity zones influencing potential price movements. --- 1. Overall Market Structure: Large Ascending Channel...
Hello to all subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe. As concerns about a recession in the U.S. grow, expectations for a 50bp rate cut by the Federal Reserve at the September FOMC meeting have strengthened, leading to a weaker dollar. The yen’s strength, driven by the yen carry trade, also contributed...
Yuh-OH 😲 CRYPTOCAP:BTC Death-Cross playing out just as expected. Bulls better pray we don't break below $55k 🤓
The Walt Disney Co NYSE:DIS is wrapped up in bad press and is predicting a future decline in theme park revenue (recession red flag...). However, the company has historically had tricks up its sleeve to return to prominence in an ever-changing entertainment environment (last was streaming). The potential of AI and robotic technology benefiting Disney is huge....
NYMEX:CL1! “Those times when you get up early and you work hard; those times when you stay up late and you work hard; those times when you don’t feel like working, you’re too tired, you don’t want to push yourself, but you do it anyway; that is actually the dream. That’s the dream. It’s not the destination, it’s the journey.” -Kobe Bryant #24/8 I have a...
We need to approach this week with caution. On the daily timeframe, there's a clear upcoming buy movement. Whilst on the lower timeframes, there is bearish movement before the market potentially buys. I will discuss the buy here then on my next post. It'll be the sell setup(I don't like that one). 1. The market is at a resistance zone(M30 & M15) 2. A support...
One more corrective drive down, then up in September? Notwithstanding any random events or black swans, I think buying September lows will be very profitable.
Price Action: Trading within a range for the past few days Potential Move: Awaiting a breakout in either direction Breakout Alert: Stay tuned for a breakout soon
Breakout Alert: Bullish breakout confirmed Trend: Strong uptrend with increasing momentum Volume: Supported by strong volume, indicating buyer interest Action: It's time to join the ride!
Following up on gold this week, we have an area of demand relatively close to the current price action, near where it ended last week. We believe this area could be tested, and if so, we’ll look for either a decisive push back up or a failure. We are strongly bullish on gold and believe it is likely to run higher, aligning with the institutional liquidity moving...
Chart Pattern: Cup and Handle Potential Breakout: Awaiting confirmation of breakout soon Technical Indicator: MACD showing a bullish crossover Resistance Level: Stock is breaking a strong resistance level
This week in EUR/USD, we have liquidity placed above our highs in a bullish range. Last week, we played bearish within price action, ultimately putting in these highs to form liquidity. Based on this, we could run the liquidity coming into this week, or we may drop further into the range. We have met the 50% level of the range, so there is sufficient liquidity...