since the strong breakout, the bullish gap, and the good efficiency of prices on Fibonacci levels during the range, the market is expected to reach the 1.618 Fibonacci level which is 23.84, the first target for NIO.
From a technical point of view, The Bitcoin is about to face a potential reversal zone which coincides with 61.8% Fibonacci level. The harmonic pattern also confirms that. Once hit the point D, the retracement could occur towards 9896.61 (38.2% Fibonacci level). If the market breaks the reversal zone, then it's a failing harmonic pattern, the next target of...
Microsoft (msft) is consolidating in a trading range between 198.64 (38.2% Fibonacci level) and 217.7 (50% Fibonacci level). - If it breaks from above , wait for the PULLBACK on the breaking line and BUY at the mentioned point, the next target will be 238.52 (61.8% Fibonacci level). - If it breaks from below , also wait for the PULLBACK on the breaking line...
Since the gold has corrected the increasing behavior last 3 weeks, the harmonic pattern tells us that It may retrace to the 0.382 Fibonacci level (The Fibonacci that works well when spotting the highs and bottoms), and join some previous supports and resistances ( the orange line is the mainline that tells us the history of gold for 20 years ). This is a pure...
since the ascension of bitcoin in 2017, it still respects the levels of Fibonacci, the most important one is the 50% level. After the breakout of the upper resistance of what seems to be a flap pattern, the market is following an uptrend. Now if the prices break down the red trend line, 8110.8 (Fibonacci level) is the next target. The most probable scenario is If...
The yellow line is the main line for Facebook since 2013, The dotted resistances and supports traced the important B point of the pattern. The latter candles (3 weeks) tested the 0.618 Fib level. There is still some potential that the market would reach the D point, then a correction or profit taking will lead the prices to the blue dotted line as a target (which...
Hello daytraders, intraday and swing traders! One of the best ways to make profits is to focus on the details of the graph. Find small patterns (like the 2 triangles and cup and handle pattern), define your target, and limit your stop-loss (I recommend 2%). Finally, think in terms of 100 trades and calculate your profit percentage, you may do 5 bad consecutive...
The stock AMZN is consolidating in an ascending triangle , it is most probable that the market will look for 4038.05 (1.618 Fib level). You need to wait for the confirmation of what I said by the breaking of the triangle from above. Be aware of the negative divergence of RSI, another reason to wait for the confirmation of the increasing movement. Finally,...
There is no doubt that for the moment an investment will be very risky, what you need to do is to wait for the breaking of the rectangle (trading range), and once it pullbacks, buy or sell at where the arrows point to. There is a high probability that it's right. Now don't forget that the trading range may last for long, the lines I drew are here to show you...
there are some chances that the ZN will go up after a consolidation in an ascending triangle form. we need some buying volumes and the ZN will break the triangle. BUT if you look at the ZB, it has broken down as I have mentioned in a previous analysis. so personally I will wait some times before entering the ZN, I will just intratrade it .
Hi traders, Focus on the breaking of 175.37 price line and sell then. Otherwise (as the green dotted arrow shows) the market could do a PULLBACK to the previous trading range. I would be glad if you share your opinion with me :)
Hi Traders, today the gold is confused in a trading range in the VWAP. Focus on volumes that will determine whether or not the trend would be below (bearish trade) the VWAP or above (bullish trade). Also, the rectangle I drew in the end, once broken, you have the best signal of trading. Good luck!
The VWAP has been broken with a strong candle, so an ascending behavior is to be expected, the market could look for the precedent tops of the trading range. But it has in front of it the historical trend line which works well (look at the ellipses), so maybe the support will be the resistance. wait for Chicago to open the market + volumes + confirmation of RSI.
For the next close days, I'm bullish on the Gold: there are still some buying volumes+ more than breaking the historical high in 2011, the gold broke the history line (orange line). So the market can go find the 78.6% Fib Level (2135), and correct after it. However, the last weekly candle is showing a long upper shadow, which means that sellers are here (or...
Hi trader, After the sharp crackdown of petroleum, it was obvious that a sharp correction will begin. These last weeks (days), candles, and volumes are small, which means a lack of strength in the move. 2 scenarios: - We can expect we will assist a correction of the move and then an ascending behavior will occur (red arrows). - We can expect some volumes that...
After a long flag pattern, The FGBL is facing a consolidation after testing two times a resistance on the top which allowed the BCD pattern to form an ascending triangle. If the volumes are important, the increasing behavior will continue until breaking the upper resistance (in black) to reach the target (point D) which is the intersection between a recent...
EURUSD chart retraced the same pattern that started 30 years ago, the lines are perfectly parallel (I copy-pasted them, and they work well). on weekly chart, as you can see, the last candle is facing an obstacle line that worked well for years.
I show you here the complete history of gold since1980 till 2020. After a long calm market, the gold (known as a safe investment when the inflation comes) began an uptrend behavior since the crisis showed up. Today with historical highs, The Fibonacci extension shows a possibility that gold could continue till 2223.3, we need to focus on volumes because a...