/YM hit the first target of 32650 shared in my previous idea (see below). The next target is 32900, followed by 33200, 33500 depending on how price develops. I have sketched two scenarios of equal probability. 1) Price finds resistance at the channel structure and pulls back before a push to 32900 T2 2) Price breaks channel resistance and makes a straight push...
Oil dumped off premarket right into the previous demand zone . I am long from 75, stop below the lows. Expecting upside if buyers can hold above 74.5.
/YM may find buyers at the 50% retracement level. Looking for longs with resistance based targets at 32650, 32900, 33200, 33500. Will update as this price action develops.
Cloudflare has held firmly above the $40 demand zone. If price can hold above $37 I expect upside to at least $50. Invalidation below 37
Strategy test: ABC correction. Expecting upside--invalidation below 5.80.
Over the past year Ethereum has corrected over 81%. Weak and greedy hands have been shaken out. We can see price form a relative bottom here and move to the upside. Invalidation below $800.
If the Russell holds above ~1700 I expect further upside. ABC strategy invalidated if break previous lows.
ABC correction completed on the 4H timeframe. Expecting bounce.
BTC might find a bottom at the previous 2018 highs. Watch for bottoming action--will start accumulating long positions.
After breaking out of a triangle consolidation last month price has retested the upper triangle structure as well as horizontal support level. Watch for a bounce to the upside.
After breaking out of a triangle consolidation last month price has retested the upper triangle structure as well as horizontal demand zone. Watch for a bounce to the upside.
Previous price action patterns suggest we will see a rejection around 4710-4720. Look at the similarities between current price action and price action in May 2012 and September 2021. May 2021: September 2021: Compared to now: I plan to sell the 4710-4720 zone unless price action strays away from the pattern.
Bitcoin weakness persists. If price loses 39k I think 30k-33k is in play for downside targets/buy zones. Not seeing many buyers at current prices so would remain skeptical of longs for now.
INTC price action is very similar to 2020. After 2 consecutive gaps down, price bounces to fill the first gap, then we see a sharp retracement to the lows. In 2020 this sharp retracement was followed by a very strong push to the upside. This company is undervalued + there are a few bs catalysts like the new line of processors, new CEO, mobileye whatever its...
XLM completed an ABC correction and is consolidating at the lows. Watch for a breakout of the consolidation to the upside If price can break the channel structure & key levels expect price to move even higher
BTT is consolidating & looks ready for a push to the upside. Watch for a breakout of the green key zone as initial confirmation. Targets on chart, good luck
Bitcoin completed an ABC correction & is consolidating within a bullish wedge. Watch for a breakout to the upside. Planning to take initial long entries in blue zone.
TRX broke out of a bullish falling wedge. Looking for a push to the upside from here. Might see price chop around the recent lows before making an impulsive move.