MukhtarTecnicals

MukhtarTecnicals Jul 7, 2024

Weekly TF shows Bearish Divergence and hidden bearish divergence on 1 hour time frame. ABCD pattern completed on weekly charts.

MukhtarTecnicals May 5, 2023

The pair shows bullish momentum in Daily and 4 hour time frame. Trendline resistance is also broken. only concern is the RSI bearish divergence. Entry should be on testing of trendline support.

MukhtarTecnicals May 3, 2023

The pair is making HH and HL. Took support from 0.618 Golden pocket where Trendline support lies as well. Also there is a Bullish engulfer candle that pushed the price above. Now the price is testing Resistance zone for correction. We can enter the trade either break above of the resistance or after the resistance is respected then at any Green candle.

MukhtarTecnicals Apr 14, 2023

Bulls Points: 1. No Bearish Divergence on RSI or MACD Bears Points: 1. LHLL in Daily and 4 hour 2. Price is at Downtrend Resistance line 3. Price is at Resistance zone 4. Bearish Engulfer candle in 4hr and 1hr TF and at Resistance 5. Rejection from 0.618 Fib 6. BC leg completion of ABCD pattern

MukhtarTecnicals Apr 14, 2023

Hi mates, hope you are doing great and had a profitable ride. As you can see the price is moving in a zone now and for those who could not take the trade, Here is an opportunity. Gold is still in uptrend with no signs of weakness. You can enter the trade on break above of this channel with your stop loss slight below the bottom of channel.

MukhtarTecnicals Apr 11, 2023

Gold is still holding its breath for a long haul, If break above this support zone Gold can fly to test its previous high of 2075.

MukhtarTecnicals Jan 22, 2023

TRADE PLAN: Wait for any rejection from Resistance zone and Bearish Candles formation then enter the trade. Bulls Points: 1. HHHL Bears Points: 1. Resistance at 81.90 2. Fib Resistance 0.5 at 81.90 3. RSI Regular Divergence

MukhtarTecnicals Jan 22, 2023

Gold has been in a long trend for quite some time and there seems to be no major technicals against this rally. So my bias is to ride along.

MukhtarTecnicals Jan 22, 2023

Wait for Bearish Candlesticks signal then enter the trade. Bulls: 1. Resistance broken 2. Lower high broken Bears: 1. LHLL 2. Trendline resistance 3. Fib Resistance 0.236 4. Last time fall after 43% gain, Now again at 43% gain 5. Time cycle of 60 days rise is completed 6. Overbought on RSI 7. RSI Divergence on 4 Hour TF

MukhtarTecnicals Dec 13, 2022

Gold has been in uptrend but now it seems to be losing its momentum. According to cyclic patterns it top to top duration is completed so now the bulls should take some rest. Enjoy the ride Bulls Points: 1. UPTREND Bears Points: 1. 1800.00 Resistance level respected 2. Fib Resistance level 0.5 at 1807.55 Respected 3. Three black crows 4. Time cycle from TOP to...

MukhtarTecnicals Oct 9, 2022

The pair is in downtrend. Support has been broken and no divergence on the charts so we can expect further depriciation of the price towards downward channel support.

MukhtarTecnicals Oct 8, 2022

Bulls Points: 1. Fib 0.5 2. Parallel channel median support 3. Price action support 4. RSI divergence Bears Points: 1. Dow

MukhtarTecnicals Sep 25, 2022

Bulls: Bears: 1. LHLL 2. Inverted Hammer, 3 black crows 3. Support broken 4. Rejection from trendline resistance 5. Rejection from Moving average 20,50 resistance 6. Rejection from Fib resistance 7. CD Leg is in progress Neutral:

MukhtarTecnicals Sep 18, 2022

There is bearish momentum in this pair as the double top pattern is formed and there is also bearish divergence on RSI and MACD. If the trendline, fib supports are broken, it will further add to bearish momentum. Happy trading.

MukhtarTecnicals Sep 17, 2022

The pair has gain respect from trendline support and price action support level. There is also bullish divergence on Daily and 4 hr time frame. It has also completed cup pattern on daily time frame so we can expect some bullish move to complete its handle before depreciating further. Entry exit levels are mentioned on chart. Happy trading.

MukhtarTecnicals Sep 17, 2022

BTC is in bearish momentum now but we can expect a little bullish activity from here to break the Trendline resistance. Bulls: 1. Bullish Hammer 2. Respect 0.5 Fib Support 3. Price Level Support respected Bears: 1. LHLL Entry, Exit, TP levels are mentioned

MukhtarTecnicals Aug 29, 2022

Bulls: 1. Bullish Divergence on RSI Bears: 1. LHLL 2. Rejection from trend line Resistance 3. Bearish Engulfer 4. Rejection from Resistance level 5. Rejectioj from Fib 0.786 6. Major support level has been Rejected

MukhtarTecnicals Aug 28, 2022

Bulls: 1. HHHL 2. Bullish Engulfer on Trendline support 3. Trendline support respected 4. 50 MA support respected 5. Crab pattern CD leg in progress Bears: Extra: 1. Testing Fib 0.786 Fib Resistance