Monitoring this pair all week to see if we could get a spike to the upside to try and test this obviously downtrend we are currently in. The latest news that came out for the US gave us this spike with a perfect touch of the 61.8% fibonacci retracement level and a close below the trendline. This looks to be a perfect short entry. I would wait for a 4HR close but I...
1. Nice Structure level
2. 618 Retracement
3. Top of Channel
4. Monthly Fib R3
5. Daily Bearish Engulfing
Don't expect a full reversal for now, but a move down to the 50% with structure confluence is looking probable.
The main reason that cause Genting Singapore gapped down when open today is due to the increase of casino tax. Good news is government allows expansion of its business.
Suggest to look for opportunity to long
around 0.96 will be a good area to long
SL : 0.84
TP : Follow arrow
Found this potential Long setup - Falling wedge developing now and slightly lower is my Daily Bullish Bat Pattern coupled with my Demand Zone .
Wait for price to show, if it breaks out from the wedge , looking to buy the pull back since RSI already showing oversold and divergence.
If price goes lower, look to buy after bat completion at PRZ and near 61.8...
Se observa en la grafica ne los 1ros circulos el 0% y el 100% del impulso, con un retroceso a la zona 61.8% del Fibonacci el cual testeo en 2 ocasiones para extenderse a la zona 127.2% del impulso, con un total de 288 pips en el lapso de 13 dias y 20 horas.
Support at the 61.8% level from the latest low and high is being tested as support. Daily momentum is posting weak signals and likely not enough to push price through the golden ratio.
The ADX is still in a trend strength zone, and the directional index lines are flattening out. This looks lie a picture of a correction against a new near-term bullish...
Here we have bullish price action looking really nice with a bullish pin bar forming right on the 61.8% fib level. Prior to that, price respected support between 76.36 and 76.215 and now we have what obviously appears to be a completed C leg for a potential AB=CD harmonic pattern, which means I would look to take profits at 79.50 as it is aligned with the D leg extension.
Buying here near the blue 61.8% level could be a good play with news from Coinbase possibly coming out any day.
However, watch the internal indicators.. the price could drop through support to set up a full retracement into the highlighted area.
INTC NVDA AMD
Advanced self-driving cars will need processors and GPU's, which means Intel and NVDA or AMD likely. Would you put another brand in with that risk?
Intel as at 618 Fib Retracement near 48.48, actual 48.53 right now and hitting resistance today. Expecting midterm election will drive this up to 500 or higher retrace soon.
4h, day and week are...
This pair gave us 2 weeks worth of indecision candles at the top of this wedge pattern signalling that sellers have entered and buyers are losing strength.
Current trend has produced 3 lower highs and 2 lower lows. Next we should be expecting a 3rd lower low.
100 SMA has just crossed over the 200 SMA to the downside adding confirmation of long-term trend...