CCJ Potential Breakout Analysis Cameco Corporation ( NYSE:CCJ ) is currently showing signs of a potential breakout back into Stage 2. Breakout Confirmation The stock price of Cameco ( NYSE:CCJ ) is approaching a critical resistance level. The trading volume is increasing, indicating growing investor interest. Key technical indicators suggest a bullish...
Regrettably, our Tesla trade within the 2-hour timeframe faced an unexpected stop-out. The anticipated completion of Wave 2 hasn't manifested, evident in the broader timeframe. Initially, we presumed it concluded at 50%, specifically at Wave C around $195. This presumption was invalidated post the recent earnings call, signaling a potential double correction....
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
100 pips bagged successfully. LDN session confirmed.. profits taken. NY session open in a jiffy, whats next for PA?
Based on the time the price stays below 18464.70, we will be able to understand which cycle's degree is on the edge. Given that the time for a T+5U is not over yet, we expect to return to the absolute top in the next months (> 18464.70), but before we have to close a potential T+3/T+4 downward cycle.
In our exploration of the stock market, we don't limit our analysis to just short-term charts; we delve into the longer horizon as well. Ford has particularly caught our attention. Our initial entry into Ford was at $10.30, a point which, upon reviewing the broader picture, appears to have been very close to the bottom—hopefully, the lowest point it will...
4H is swing bullish M15 is swing bullish => current is pullback dow We will buy up when the price passes through IDM and approaches the OB zone, then in the 1 or 5 minute time frame there is an increasing CHOCH signal.
The show must go on. For gold, we are witnessing further all-time highs. However, we also expect a reversal soon because we don't have much room or options upwards unless we've made a significant miscalculation. We are considering the level between 161.8% and 227.2% as the maximum for the subordinate Wave (iii) we are currently in. We are still working to complete...
Could this be a possible sell for USDCHF? Based on what the market is showing, i see a daily double top forming at a major zone, the market is currently at the fib zone, let's see if the news will favor the anticipation to the downside. feel free to share your views.
The trade is developing very nicely according to my previous idea. I´m looking for retracements to add new positions along the way. Retracements may happen soon as we broke structure (taken out previous lows) and are getting into oversold territory.
Here I've established a downwards channel on the four hour chart of Bitcoin. I'm attempting to time the breakout of the current potential consolidation channel. The white line with question marks added, is to illustrate the need for a new low, so that we might establish the change in sentiment visually, when it happens. The low, will provide us with critical...
As we can see in this picture the bullrun keep on going but the lastest impulsive wave which drove the market to his previous ATH seem to be exhause so we will start the retracement which is going to be our corrective wave and it will retest the OB arround 35000 DOLLARS and go back to the moon 100000DOLLARS . @CHARLYSMC
NVIDIA is a clear sell at this stage. at the brink of a significant timely price correction.
GBP/USD is trading above 1.2650 early Thursday, finding support from a broadly subdued US Dollar. Mixed US data, dovish Fed commentary and an upbeat market mood continue to act as a headwind to the US Dollar ahead of more statistics and Fedspeak. The 50-day SMA, the Fibonacci 38.2% retracement of the latest downtrend and the 200-period SMA on the 4-hour chart...
I'm observing a promising ascending triangle pattern for the foreseeable future. As evident, it has encountered resistance on three occasions, indicating a potential breakout. However, before the breakout occurs, a correction is anticipated. The pattern provides insights into our projected targets.
Week is swing bullish The price has passed the Strong Swing peak of the weekly frame We buy and wait for the price to rise to the top of the weekly frame
Price in my area 4h trendline bounce Multiple divegences Market structure break AI trending Accumulation and double bottom formation Got buy signal from scanner
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...