LinkUSDT double-topped in a potential final phase of this bear flag. Target at 14.6% Fibonacci Retracement maintained for that swig downward expected..
It’s a new trading month and GOLD is on the move. Prices have broken hard beneath April’s low and are now searching for a short-term bottom. Here is one level worth watching for the immediate future: Monthly 78% Fibonacci Retracement, 1821.01 Here is the trade: 1) Buy @ 1826.00 2) Initial Stop Loss @ 1794.00 3) 1:1 Risk Vs Reward, profit target at...
At press time, the US30 is off more than 1% and a macro support level is coming into view: Weekly 78% Retracement, 33,023 If the bearish action continues, the 33,000 handle isn’t a bad place to go long: 1) Buy @ 33,029 2) Initial Stop Loss @ 32,994 3) 1:1 Risk Vs Reward, Profit target @ 33,064
Hey Traders, As you can see on the daily chart of Binance Coin (BNB). There is a very important visible descending resistance line, if we break this the breakout could be the orange level but in the rare case the green level. Once this resistance line is broken the trend will have been reversed! Safe trading, -Pulkanator
This would the bullish way to look at the Qs, if the 100week moving average, where we are currently is considered value by the market and we really turn around here. Double bottom at the .786 from the low exatly 1 year ago to the All time highs with classic triple bullish divergence in both the MACD and RSI It doesn't get much better than this tbh, if we just...
LINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook...
Standard Fib Pull from ATH to Covid Low PA sitting at .382 fib level and the POC of the entire range . Loss of the .382 and we descend to the levels below , alternatively we stay within the current range inside the descending channel . I have marked an area of resistance for a potential short if the opportunity presents itself where Its possible we...
Following the RBNZ raising interest rates to 1.00%, the Kiwi broke to the bull. Now, a key daily Fibonacci retracement level is coming into view: Daily 78% Fibonacci Retracement, 0.6813 Here's the trade: 1) Sell 0.6812 2) Stop loss @ 0.6837 3) Profit target @ 0.6787 4) 1:1 risk vs reward ratio
OANDA:GBPUSD GBPUSD formed a double top, and broke structure(NECKLINE/SUPPORT) and retraced at 78.6% and has created confluence with a resistance line and a bearish engulfing candle formed creating a high probability confirmation for a sell on GBPUSD.
Gold sells into the FVG. Entry is a on a wick rejection from the 78.6% retracement after the BOS to the downside. Another confluence was that our entry was inline with the current OB in the market for the last downside push and we just broke the daily low which has invalidated the current range and presents a bearish outlook to me.
We witnessed over a 9,000pips move since my last publication on this pair (see link below for reference purposes) and the present structure reveals that price has continued to find higher lows since it hit bottom at $1,720. The Demand zone around the $1,770 area appears to be getting stronger as it continues to reject the sellers in the last 2 months. It is...
FX:GBPNZD I was doing an GBPNZD trade one morning and came across a formation that I knew would earn me a decent amount of points - and one that would make a great GBPNZD analysis video for the trading community. This GBPNZD trade analysis video mainly revolves around the use of Fibonacci, Regression Lines and Bear Flag formations. But I guess the most important...
An echo of the larger 4 hour pattern, support was lost with the failure of the neckline to the 78.6% level. .786 is the Square Root of .618; The Golden Section.
With over 150pips move in our direction since my last publication on this pair (see link below for reference purposes); the price appears to be back at our previous Key level @ Fr0.91950 (see link below for reference purposes) with multiple rejections emphasizing selling opportunity for me. It is obvious that the Greenback rose during the last three days before...
OPGN has slowly crept up ever since that insider buying in June. After meandering around the 786 fib line for weeks, the stock finally headed back toward that 618 fib line and...yet again...was rejected at that level. In general, momentum has been building in the stock but now with some attention, this 618 fib level could be an important one to keep an eye on for...
A quick attempt to try to catch a Bearish Gartley the stoploss isn't too wide so if it fails you wont be down much.
It has been over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and the pattern of consolidation above our previous Key level @ Fr0.91500 (see previous publication) coupled with the significant Breakdown on the 8th of July 2021 informs a Bearish perspective that could either be a long term or most likely...