Fibonacci tool is the basis of my analysis.once we achieve a double top at 18444. It is a major drop to 12000 and a possible 7000. A crash I would call it.
Speculative bubbles excite traders and investors alike. NVDA is the absolute winner of the AI craze. Craze is the sentiment of the market cycle peak. After craze and euphoria, fear and denial will inevitably flood our minds. It is nothing more than the never-ending cycle of the economy. A simple line drawn on a chart spells the ultimate demise for...
Aurora shares have almost reached our turquoise Target Zone, which is located between C$8.39 and C$5.63. We primarily assume that this Zone should be approached next in the course of the current wave C. The low of wave C should also mark the end of the higher-level wave (2) in magenta, which will then clear the way for the subsequent wave (3).
Tencent Music Entertainment Group, (NYSE: NYSE:TME ) a Chinese audio entertainment platform, beat Q1 revenue estimates by a steady rise in paid subscriptions and advertising services on its Spotify-like music streaming platform. The platform reported revenue of 6.77 billion yuan ($935.9 million) for the quarter ended March 31, beating analysts' expectations of...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a long time ago reached a resistance level, which coincided with the seller zone, and then made a downward impulse to 56500 points, thereby breaking the 60200 level. But later BTC turned around and made a strong impulse up to the resistance level, breaking...
The EURUSD pair completed on Friday its first Golden Cross on the 4H time-frame since February 29. Technically that is a bullish pattern but we are only willing to treat it as a buy opportunity if the pair closes a 4H candle above the Lower Highs trend-line). If it does, we will most likely have a bullish break-out like March 06 towards the 0.618 Fibonacci...
Technical analysis on the GBPAUD breaking down a potential bearish trend continuation opportunity & showing you the process that I go through to make my directional prediction as well as how i predict potential target taking locations. Any questions or comments, please leave them below. I hope you guys have a GREAT week of trading! Akil
Upcoming Earnings Release: Baidu, Inc. ADS (ticker: BIDU) is scheduled to report earnings on 16 May before the market opens. The consensus EPS estimate for the fiscal quarter ending March 2024 is $1.90. The reported EPS for the same quarter a year prior was $1.81. Bulls Starting to Show Ahead of Earnings There is some interesting price action on the daily...
In this chart we clearly see the uptrend in it nd buy opportunity in part because of project is gem base on Noechain
EURUSD is moving in an ascending channel near the upper boundary. The chart is under the resistance coinciding with the 50% retracement level of the last bearish impulse. The price is under the supply zone. We expect a pullback from the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
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Bitcoin continues to hold the 60k levels, and by the weekly candles, any and all dips are being bought up. However the market does not feel over exuberant and so in my opinion there is room to run here. The next level of importance is around 92-95k, so for me I am slowly stepping in for the next move to the 90's. Any move into the mid to low 50's is an area...
the stock is ready to go up to the next Target : 1- analysis with harmnic pattern 2-trend analysis 3-wyckoff Good luck
Hello traders. Taking a look at the hourly chart, I have marked where I sold from last night...I am up 143 pips thus far.. Securing profit as of this writing, moving my SL to my entry point and leaving a runner running. Very thankful to Big G. Let's see how things play out over the next few hours. NY volume could correct this move down, or continue the bearish...
BTCUSD is exhibiting signs that it may be forming a head and shoulders pattern, a critical development that could indicate a potential reversal in the current trend.
In this chart we have observed that BTC is printing newer Lower high's (LH) & Lower low's (LL) and there is no sign of breaking previous lower high (LH). we have assume it can reach a new LL at 55500 price. We take a short entry at this point. Short Entry =62000 Tp = 55500 SL = 68000