easy long position. flag. you get the drill. tradingview wants me to make the description longer so heres the fil --------------------------- Stop over complicating it
easy wedge break from a HTF cup and handle keep it simple. stocks only go up - atleast until Q4 earnings come out...
clear break of structure here, higher highs and higher lows, following my fib levels for possible targets. European inflation came down this last month aswell, perhaps europe is healing? 2hour chart! not calling a perma bull or perma bull market. cheers
very clear cup and candle on the monthly chart, i think theres more downside first and naturally would need a juicy geo-political reason or some big fundamentals to move this. Ps - did you lads know that last year and this year central bank gold buying hit new highs, with purchases doubling since 2020... probably just a co-incidence
clear higher lows on trendline. break and retest forming. pinbar candle forming. bull flag forming. would be looking for longs into the extension of the fibonacci trace
Monthly chart showing clearly that old resistance is becoming new support level, is it that simple? i've seen people comparing DXY current price action to the late 1970s when inflation had 3 waves, implying we could begin the 2nd wave soon. i think the fundamentals are different, inflation reduction act etc etc. what do we think, is it this simple?
lets see if NFP can take us there on friday
@ T K T R A D I N G T E A M
Trading the trend, keep it simple @ T K T R A D I N G T E A M
Will the spring load here?
lovely cup & handle forming, price is still relentlessly in an up trend and not trying to go against it. (although a correction to 1860-1880 before going higher is over due)
let me know what you think in the comments.
very basic retrace & price action, Enjoy! 1:4 RR
Multiple sell indications, waiting for confirmations before entering anything. drop a comment and let me know your outlook! TK TRADING TEAM
potential scenario from XRP, HIGH RISK - all depends on the fundamentals around who wins the SEC court case Ripple (XRP) are dealing with at present. looking to retrace the buy i caught before the infamous "Pump XRP Telegram Group" incident. classic example of buy the rumour, sell the news. - i wonder if the current structure could be exactly the same, if XRP...