DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, SPDR S&P 500, BANK OF AMERICA CORPORATION COMMON STOCK, TOP SHIPS INC. - COMMON STOCK, HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
USOIL went for a deeper correction and reached 61.80% retracement of its setup bull leg. Bears look very convinced at this point and going lower here could initiate a swing break that would put a lot of pressure on the longterm bull trend. Judging from previous behaviour, market inertia should take hold here and demand should be flowing in anytime. Higher TFs are ...
As predicted in our analysis over the last 2 day, there was a very strong bullish pinbar candlestick off of a key level, and then on the hourly charts there was a very strong bullish double bottom pattern. You can see those previous analyses here https://www.tradingview.com/chart/AUDUSD/bml1HIla-A-strong-bullish-pin-off-of-a-key-support and here ...
As we can see here, a 123 reversal pattern is forming, BTC can not make it to break the new level at 9188 (marked with number 1).
So we wait for price to go down below 8515 to confirm a new downtrend.
Additional, MACD below shows a signal for short orders, I think a bearish trend is possible.
Price may bounce back at strong support zone at 61.8% fib and go back ...
QQQ is not a safe buy here. We have a bearish normal TK cross in the cloud and a clear rejection of the Kijun line on the 4 hour chart. Cloud is also twisting red which is another indication of a more downware movement ahead. A second item to note is the DMI. The (DMI-) is at 33 with the ADX at 43. Both are indications that the bears are still in control. We ...
Price channel that has been verified by 123 rule. If it holds true, price will begin to drop to bottom of channel at $367 then rise back up, unless it breaks the resistance, which is unlikely because of overbought conditions shown on RSI.
Pretty simple guys :)
Swing trading is really one of the best methods i ever saw!
The reasons for entry are supportive trendline, ema 36 and structure!
Wish you nice week!
Break of trendline with ABC pattern, Also H4 candle pattern looking nice :)
Wish you all the best :)
Forex Swing Traders
Broken trendline and recent structure!
EMA 200,36, recent structure are acting as a resistance + we got nice rejection candle.
The risk on this trade is small because we are on D1/W1 structure, overall D1 formation looks promising.
It is also a hedge form GBP/JPY and GBP/CHF long.
Nothing fancy isn't it?
Looks like it will be breakeven month :) A lot of ups and ...
We are going against D1 timeframe, but still it looks ok. Risk is small
EMA 200 acting as a S/R, horizontal S/R as well
We have also resistance trendline
Rejection candles in place
Pretty simple price action trade...nothing fancy!
Reasons for setting buy orders:
- D1 support area + bullish candle (D1)
- H4 Divergence
- H1 break of nice trendline with strong impulse leg
We are waiting for retracement!
Keep it simple :)
Good Luck :)
Forex Swing Traders
We can look for short opportunity if the price retest the FIBO 0.618 level near 123 pattern KEY level, just WAITING 4 CONFIRMATION - Pullbacksell!
Nothing is more difficult than to make a good count inside a handle and try to identify the waves correctly (especially with a BTC like the one we have lately), so I went to my old Elliot teacher. The B wave was formed a few days ago and now we are on our way to C.
All within the consolidation phase. The BTC is on its way to retesting the 780/700 range (-25%) ...
Simple observation - most recent consolidation from end of Aug till now resembles a classic flag pattern (at least to me). Recent Friday close broke below the flag boundry - continuation???
Further market hesitated at SELL ZONE that I marked in red rectangle
1-2-3 SET UP
Simple classic set up that has many variations - here is the simplest one that I know.
BBY still has to hit L3 marker for the HVF to complete. So there is a strong probability for a short setup. In contrast, there might be a possible Long 123 setup forming down the road as well. For a long position, entry might be @ prior resistances level round 35.44, otherwise if price action compromises support then further downside is expected. Note that 32 ...
Possible 123 pattern. Earning announcement in Sep 8th. If your looking for a quick trade best to wait for 4th pattern to develop as an entry point to go long. 2nd options is aggressive and its shorting at the resistances level 3rd pattern, then exiting near (or reaching near) 4th pattern. Anomaly movement is no rally to the 5th pattern point, consolidation ...
Good time to go long, see 123 bottom pattern. Going in a uptrend to retest resistance. Target is at 420'0 on resistance line.