COIN Geometry analysis up 3 hours chartSTCK Coin is poised for upward momentum in the next few days. The price has shown strong support, and key indicators suggest a bullish trend ahead. Watch for a potential breakout as market conditions
Action
TRADE ASSESSMENT: March 23 EuroUSD - LOSSwhen price has made a sweep and is making higher highs on the 15min, look for 1hr FVGs to rebalance. that's your narrative. then look for context and entry. (POC+OTE+FVG)
when price has made a sweep and is making higher highs on the 15min, look for 1hr FVGs to rebalancewhen price has made a sweep and is making higher highs on the 15min, look for 1hr FVGs to rebalancewhen price has made a sweep and is making higher highs on the 15min, look for 1hr FVGs to rebalancewhen price has made a sweep and is making higher highs on the 15min, look for 1hr FVGs to rebalancewhen price has made a sweep and is making higher highs on the 15min, look for 1hr FVGs to rebalancewhen price has made a sweep and is making higher highs on the 15min, look for 1hr FVGs to rebalancewhen price has made a sweep and is making higher highs on the 15min, look for 1hr FVGs to rebalance
EUROUSD 4H LONG (ALL Targets DONE)This position worked perfectly.
Now it is important to wait for the correction structure, as it was indicated in the previous update post:
Considering the current formations on the 1D TF, the probability of price growth to the current maximum increases multiple times. Locally, I expect to see a price correction (a rollback next week) and preferably with a depiction of a bullish imbalance. After which, you can work long for a whole month until 1.12758
Different Shades of DisciplineIn my decade of trading experience I've come to realize through huge number of trials and errors that discipline in trading is a rather unique and not always universal beast.
While there are definitely broad categories of discipline trading like taking high-quality setups, correctly managing risk, taking profits, and so on; There are also many unique underlying reasons and mind-tangled cognitive dissonances that can become the cause of these lapses.
What I understood in my experience is that discipline seems to be transferrable from 1 area to another. Addicted to smoking? Perhaps, quitting can be beneficial to one's trading. However, not necessarily as some traders smoke (and can't quit that habit) for a different underlying reason and thus quitting for them might NOT be as beneficial for the former one. The devil seems to be in the details. Why one smokes? Is it a coping mechanism for stress, or is it a little ritual that one employs to consciously recalibrate themselves?
The key seems to be in action and number of trials and experiments. Attempting to try the routine of other people might not yield the best results for the expended effort. One person may run for many miles and enjoy that time, for another it will be excruciating agony to do that. The discipline required in that example would obviously be vastly different, and thus the effect that action produces also - different.
At the end of the day - the most important thing in trading is consistency, but coupled with PERSONAL unique discipline is something that gives us edge in the markets.
$LIPO went to the max target or +50% fastPremarket trade on NASDAQ:LIPO went to the max target or +50% fast 🏎️💨
Turns out max target was well placed as it ended the day back down near $4 👌
Nvidia. Analysis and Price Forecast: A Strategic OutlookIntroduction:
Nvidia Inc. (NASDAQ: NVDA) continues to be at the forefront of the AI and semiconductor revolution, showcasing robust innovation and a compelling business model. This analysis leverages advanced tools such as TheWaved™ and utilizes VSA Analysis, Technical Indicators, Price Action, and Fundamental Analysis to craft a comprehensive forecast.
Recent Price Movements and Key Patterns:
1. Candle Pattern Analysis:
From the provided patterns sequence data:
January 13, 2025, 14:00:
Pattern: "Increased Buy Volumes"
Movement: +6.69% from open to close, suggesting strong buyer activity and market confidence.
January 10, 2025, 16:00:
Pattern: "Buy Volumes Take Over"
Movement: -5.7%, indicating potential sell-offs after profit-taking.
These patterns highlight the recent tug-of-war between buyers and sellers, creating opportunities for strategic entries and exits.
2. Key Levels and Trend Analysis:
From technicals:
Current Price: $135.19
Resistance Levels:
Short-Term: $139.48 (MA200 on the hourly chart)
Mid-Term: $141.15 (MA100)
Support Levels:
Immediate: $127.30
Key Support Zone: $123.69-$127.30
Nvidia's price is trading below critical moving averages (e.g., MA50 and MA200), suggesting a potential rebound or consolidation phase before further directional movement.
Multi-Dimensional Analysis:
1. Volume Spread Analysis (VSA):
Analysis: Strong buy patterns are evident, with significant volume upticks near critical support zones. This implies institutional interest in accumulation phases.
Prediction: Anticipate continuation of buying pressure if price stabilizes above $135. Resistance at $140 may pose challenges in the short term.
2. Fundamental Insights:
Nvidia’s Q4 earnings report showed record revenue driven by AI GPU demand.
Major customers in cloud computing and automotive industries continue to bolster growth.
However, rising interest rates and potential geopolitical risks (e.g., China’s tech policies) might pressure valuations.
3. Price Action Analysis:
Recent bullish engulfing candles near $127 indicate buyer confidence.
Price may revisit $130 before testing $140. Breaking $140 could pave the way to retest $150 (January’s absolute high).
Projections:
Short-Term (1 Week):
Target: $138.50
Stop-Loss: $132.00
Rationale: A breakout above MA50 ($136.93) will signal short-term bullish momentum.
Mid-Term (1 Month):
Target: $145.00
Stop-Loss: $130.00
Rationale: Stabilization above $140 supported by institutional buying and potential macroeconomic support.
Long-Term (3-6 Months):
Target: $160.00
Stop-Loss: $125.00
Rationale: Continued demand for Nvidia’s GPUs in AI and automotive applications combined with broader tech sector recovery.
Strategic Recommendations:
Support Levels:
-
1. 127.3
2. 123.69
3. 113.9
4. 90.4855
5. 87.88
Resistance Levels:
-
1. 127.3
2. 123.69
3. 113.9
4. 90.4855
5. 87.88
Powerful Support Levels:
-
Powerful Resistance Levels:
-
1. 89.599
2. 89.599
3. 63.974
4. 63.974
5. 48.462
Above $160: Consider reducing positions to hedge against potential market corrections.
3. Stop-Loss & Risk Management:
Strict stop-loss at $130 for short-term trades.
Trail stops to lock profits as price moves favorably.
Tools and Insights:
Analysis powered by TheWaved™, leveraging decades of professional experience and cutting-edge analytics. Key insights have been shared to align with both retail and institutional perspectives.
Call to Action:
For personalized queries or deeper insights into Nvidia’s price action, feel free to reach out via direct message. Explore our tools and indicators through the link in our profile.
Concept of Rays
Explanation of the "Rays from the Beginning of Movement" Concept
Core Idea
My proprietary analysis method is based on using rays constructed on Fibonacci mathematical and geometric principles. These rays create a system of dynamic levels that help predict precise asset movements and identify key zones where price interactions occur. Price interaction with these rays signals probable scenarios: either a reversal or a continuation of movement, but only after interaction and the appearance of dynamic factors and patterns.
Why Predicting Specific Levels is Not Possible
Financial markets are nonlinear systems, where price movement is determined by numerous variables, including market volumes, liquidity, macroeconomic factors, and participant psychology. Instead of attempting to predict specific levels, I propose analyzing probabilities of price reaction at pre-calculated key zones. Price interaction with rays provides additional insights into the direction and strength of movement.
Disclaimer: This analysis reflects the author’s perspective based on available data and does not constitute financial advice. Trading involves risks; ensure proper due diligence.
Follow TheWaved for more actionable insights!
Act/UsdtBINANCE:ACTUSDT
📉 **ACT price analysis**:
- The current price is **0.2591**, which is holding at the previous resistance level. If it stays here, the price could try to move higher to these resistance levels:
1. 🔝 **0.2843**
2. 🔝 **0.300**
3. 🔝 **0.3454**
4. 🔝 **0.400**
- If the price **doesn’t** hold here and starts dropping, it might find support at the following levels:
1. ⬇️ **0.2445**
2. ⬇️ **0.2143**
---
🚨 **Disclaimer**: This is not financial advice. Always do your own research before making any trading decisions! 😊
GOOGLE INC. (NASDAQ: GOOG) ANALYSIS AND TRADING PLANWelcome to a detailed analysis of Google Inc. (NASDAQ: GOOG). Using advanced analytical tools, including the proprietary TheWaved™ platform, this report dissects recent market behavior and provides actionable insights for traders and investors. Let’s explore the technical and fundamental dynamics of the stock and forecast future price movements with key support and resistance zones.
Overview of Current Market Position
Ticker: NASDAQ-GOOG
Current Price: $193.52
52-Week High: $202.88 (28 days ago)
52-Week Low: $83.45 (803 days ago)
Key Indicators:
RSI (14): 54.92 (neutral)
MFI (60): 41.67 (indicating low buying pressure)
Moving Averages (Daily):
MA50: $183.31
MA100: $173.39
MA200: $172.54
Technical Analysis
Support Levels:
187.16 | 185.08 | 181.41 | 176.09 | 173.53
Resistance Levels:
202.88 | 197.62 | 194.55
Moving Averages Insight:
The stock trades slightly below the MA50 and MA100 on the daily chart, indicating a potential bearish short-term outlook. However, the long-term trend remains intact as the price remains above MA200.
VSA Patterns:
Recent trading sessions highlighted critical Volume Spread Analysis (VSA) patterns:
Sell Volumes Max (2025-01-13 14:00 UTC): Increased sell volumes pushed prices down by 4.42%.
VSA Buy Pattern 3 (2025-01-13 10:00 UTC): Signals potential for a rebound after testing lower supports.
Trendline and Channel Analysis:
GOOG’s price action is constrained within an ascending channel since October 2024. The lower boundary aligns with the $188.00 support zone, while the upper resistance lies near $202.00.
Price Action Insight:
The recent lower highs and consistent rejection at $194.71 suggest a strong overhead supply zone. A break and close above $195.00 will be a decisive bullish trigger.
Key Oscillators:
RSI indicates no overbought/oversold condition, leaving room for directional moves.
Stochastic cross above 50 strengthens the probability of an upward trajectory.
Fundamental Analysis
Google continues to show robust performance driven by its advertising and cloud businesses. Recent developments include:
Q4 Earnings are expected to show a revenue growth of 11% YOY, boosted by robust ad demand and cloud service expansion.
Strong financial metrics: Cash reserves of $130 billion with minimal debt.
AI innovations: Google’s advancements in AI-based ad targeting offer a competitive edge over rivals.
Market sentiment: Increasing institutional accumulation as hedge funds position for long-term growth.
Forecast and Trading Plan
Short-Term Projection:
Price action indicates consolidation within $188.00-$195.00. Traders should monitor the $195.00 breakout level closely.
Medium-Term Projection:
Given the strength in fundamentals and supportive technicals, we anticipate an upward breakout, testing $202.88.
Long-Term Projection:
Once the stock decisively clears $202.88, a rally towards $215.00-$220.00 could unfold, aligning with the next Fibonacci extensions.
Trade Levels:
Entry: Buy at $188.00-$189.50 after confirmation of support.
Stop-Loss: Place at $185.00.
Take-Profit Targets:
Target 1: $195.00
Target 2: $202.88
Target 3: $215.00
Bearish Scenario:
A breakdown below $185.00 could accelerate selling pressure towards $176.00. In this scenario, adopt a defensive approach or short-term bearish bias.
Risk Management:
Maintain a risk-reward ratio of at least 1:3. Leverage smaller position sizes when trading near key support or resistance levels.
Conclusion
The technical and fundamental landscape for GOOG appears balanced, with bullish potential outweighing downside risks. Short-term traders can capitalize on the current consolidation phase, while long-term investors may find value in accumulating positions near support zones. Using TheWaved™’s advanced analytics, we’ll provide real-time updates as price action unfolds.
Concept of Rays
Explanation of the "Rays from the Beginning of Movement" Concept
Core Idea
My proprietary analysis method is based on using rays constructed on Fibonacci mathematical and geometric principles. These rays create a system of dynamic levels that help predict precise asset movements and identify key zones where price interactions occur. Price interaction with these rays signals probable scenarios: either a reversal or a continuation of movement, but only after interaction and the appearance of dynamic factors and patterns.
Why Predicting Specific Levels is Not Possible
Financial markets are nonlinear systems, where price movement is determined by numerous variables, including market volumes, liquidity, macroeconomic factors, and participant psychology. Instead of attempting to predict specific levels, I propose analyzing probabilities of price reaction at pre-calculated key zones. Price interaction with rays provides additional insights into the direction and strength of movement.
How Rays Work
Fibonacci Rays: Each ray corresponds to a specific angle of inclination, which is mathematically significant and correlates with natural proportions and the start of movement.
Primary Advantage: Rays are constructed from the beginning of a movement pattern, rather than traditional extremum points commonly used in classical technical analysis. This allows for the rapid and accurate accounting of new trend or corrective movement phases.
Adaptability: When a new pattern emerges, rays are automatically adjusted to show the potential movement range. Price may exit this range and enter another, interacting similarly with a different ray.
Rays are Ascending and Descending: They define the boundary of the movement channel.
If you have questions or need personalized analysis for other stocks, feel free to reach out in direct messages. All indicators and tools mentioned are available via our profile link.
Thank you for reading, and as always, trade safely and strategically!
Denis Mikheev - TheWaved™
Act / UsdtBINANCE:ACTUSDT
Act not a clear sign to buy wait for confirmation
Disclaimer : Not Financial Advice
Quantum Mechanics & Market Behavior At this stage of my research, I would like to share the primary inspirations behind my style of analysis. As you've already noticed, I don’t create forecasts, as they are subjective and inherently disconnected from the objective nature of markets. Instead, I focus on predictions grounded in the captured dynamics of market behavior in order to actually get closer to its causality.
"QUANTUM MARKET"
In the unpredictable world of trading, price action often mirrors the strange principles of quantum mechanics. Concepts like wave function collapse, entanglement, chaos theory, the multiverse, and even the double-slit experiment provide a unique lens to understand why markets behave as they do—particularly when they defy the majority of forecasts and move in unexpected directions.
The Collapse of the Market Wave Function
In quantum mechanics, a particle exists in a state of possibilities described by its wave function until it is measured. When observed, the wave function "collapses" into one definite outcome. Similarly, in markets, price exists as a spectrum of probabilities, influenced by fundamental data, sentiment, and technical levels. These probabilities reflect the collective forecasts of traders, analysts, and institutions.
The "collapse" of the market wave function can be likened to the moments when price unexpectedly moves against the prevailing sentiment, proving the majority wrong. For instance, when experts predict a bullish breakout, only for the market to reverse sharply, it resembles the moment a quantum system resolves into a state that surprises its observers.
This metaphor highlights the fragile relationship between market expectations and actual outcomes. Just as the act of measurement influences a quantum system, the collective observation and positioning of traders directly impact market movements.
The Multiverse of Price Action
The Many-Worlds Interpretation (MWI) of quantum mechanics posits that every possible outcome of a quantum event occurs, creating branching universes for each scenario. This offers a useful metaphor for the multiverse of market possibilities, where price action simultaneously holds countless potential paths. Each decision by traders, institutions, and external forces influences which path the market ultimately "chooses," much like the branching of quantum states into separate realities.
When the market takes an unexpected turn, it can be thought of as moving into a "branch" of the multiverse that was previously considered improbable by the majority. For example:
A widely anticipated bullish breakout may fail, with the price collapsing into a bearish reversal. This outcome corresponds to a "parallel universe" of price action where the market follows a path contrary to the consensus. When they say market has its on path, chances are they're definitely referring to approach from Fractal Market Hypothesis.
The moment traders observe the market defy expectations, their reality shifts into this new "branch," leaving the discarded probabilities as theoretical relics.
While traders only experience one "reality" of the market—the observed price movement—the multiverse perspective reminds us that all potential outcomes coexist until resolved by market forces.
Chaos Theory: The Hidden Order Behind Market Behavior
Markets may appear chaotic, but their movements are not entirely random. Instead, they follow principles reminiscent of chaos theory, where complex systems display patterns that arise from underlying order.
In trading, this hidden order emerges from the entanglement of price action—the intricate relationship between buyers, sellers, sentiment, and external events. Counter-oscillations of opposing forces, such as bullish and bearish sentiment that has stake in patterns. When these forces reach a critical point, they can produce dramatic reversals or breakouts.
A fascinating aspect of this hidden order lies in the measurement of cycle intervals, which can decrypt the path and stops of price action. These intervals, often influenced by Fibonacci ratios, reflect the inherent chaos of the market while maintaining a surprising consistency. In chaotic systems, the ratios of results inherit the domestic chaos properties of the system itself. This means the measured intervals not only explain past behavior but also project future movements, where price has no option but to adhere to the golden ratio in its path, regardless of direction.
Tools like Fibonacci Channels on TradingView combine these ratios with the angle of the trend, revealing fractal-based timing measurements that highlight potential trend shifts. These tools demonstrate how price action, driven by the chaotic yet structured forces of the market, aligns with these self-similar patterns over time.
Entanglement and the Double-Slit Experiment in Markets
Einstein described quantum entanglement as "spooky action at a distance," where the state of one particle instantaneously influences another, no matter how far apart they are. Markets also mirror another iconic quantum experiment: the double-slit experiment, which demonstrates how particles behave as waves when unobserved but collapse into definitive points when measured.
In the double-slit experiment, an electron passes through two slits, existing as a wave of probabilities until observed. Without observation, it creates an interference pattern, suggesting it travels through both slits simultaneously. However, when measured, the electron collapses into a single state, taking a definitive path through one slit and landing at a specific spot on the detector.
Price action behaves in a strikingly similar way. Just as an electron "feels" it is being observed and alters its behavior, ongoing price action appears to respond to the collective observation of millions of traders. Despite this intense scrutiny, price action frequently surprises both bulls and bears, defying expectations as if reflecting the duality of probability and definitiveness.
When unobserved or in a state of uncertainty, markets exhibit wave-like behavior, oscillating between potential paths. Trends consolidate, creating a balance of opposing forces. However, as traders act on their observations—placing bets, setting stop losses, or predicting breakouts—price "collapses" into a definitive state, choosing a path that often defies the collective expectations of the market.
Logical Deductions
Understanding the market through the lens of quantum mechanics, chaos theory, and the multiverse offers valuable insights for traders:
Expect the Unexpected: Just as a quantum particle's state cannot be precisely predicted, markets are inherently probabilistic. Even the most widely expected outcomes can collapse under the weight of unforeseen variables or simply change of incentive during overheat volatility.
Beware of Herd Mentality: When the majority aligns behind a forecast, the market becomes entangled in their collective assumptions. This might create conditions for a dramatic reversal, much like how a quantum system shifts into an unanticipated state.
Recognize Counter-Oscillations: Price action is driven by the push and pull of opposing forces. Trends often mask the tension beneath, and understanding these dynamics can help traders anticipate critical turning points.
Measure Cycles with Ratios: Fibonacci-based tools, when combined with trend angles, reveal fractal rhythms and the frequency of reversals. These measurements help traders predict price shifts with greater accuracy.
Embrace the Multiverse: Just as the Many-Worlds Interpretation suggests all outcomes coexist until resolved, traders should recognize that multiple possibilities are always present in the market. Being prepared for alternative scenarios helps mitigate risk and improve decision-making.
General Interconnectedness:
Markets are a dynamic interplay of order and chaos, shaped by the entanglement of opposing forces and the constant tension between consensus and contrarian dynamics. The collapse of the wave function—those moments when price defies expert predictions—reminds us of the deep complexities underlying actual behavior of masses.
Through the lens of the multiverse, every market outcome can be seen as a branching reality, where the price action we observe is just one of many potential paths. By embracing this perspective, traders can better navigate the intricate dance of probabilities and entanglement, understanding that markets are not linear systems but ever-changing, interconnected realities. This mindset empowered me to thrive in the environment of duality, where adaptability and probabilistic thinking are the actual keys to understanding price mechanism in Financial Markets.
Disclaimer:
You don’t have to accept these observations as true. Always trust your own judgment and cultivate independent thinking. Personally, I find that the behavior of particles at the quantum scale is the closest phenomenon that mirrors the chaos of the market.
Bitcoin ATH: Potential Retracement Zones and Key LevelsBitcoin current price now is 76k surpassed ATH at 14 March 2024, after surge more than 13% we may see increased speculation and bullish momentum driving the price higher. However, if Bitcoin struggles to maintain upward momentum near this level, we may witness a retracement before the next significant move.
Retracements are a common and healthy part of price movement, providing the opportunity for consolidation before the next leg up. On the chart, we observe several retracement levels marked by Fibonacci retracement levels, as well as Fair Value Gaps (FVGs) that may act as areas of support if Bitcoin's rally takes a breather.
1. The first potential support level sits at the 0.5-0.62 retracement level. This zone represents a modest pullback and would allow Bitcoin to establish a higher base without losing its bullish structure. This level falls within an FVG, which might reinforce the zone as a strong support if Bitcoin pulls back to this area.
2. A deeper retracement could see Bitcoin testing the 0.705-0.79 retracement level. This level could attract more significant buying interest, as it represents a meaningful correction or extreme discount zone that provides an attractive entry point for new buyers.
3. Green zone (OB) signaling areas of potential liquidity where buyers might enter aggressively to capture value.
Trendline Support and Horizontal Levels
Trendlines provide insight into Bitcoin's directional bias. A rising trendline, indicated in yellow on the chart, has been guiding the recent rally and could serve as dynamic support in case of a downturn. If Bitcoin respects this trendline, it would suggest a continuation of the uptrend, with the trendline acting as a safety net for any dips in price. This would allow BTC to pull back and consolidate while maintaining its upward momentum.
Another significant level is marked as "rH" around $73,787, a former resistance level that could now act as support. If Bitcoin retraces to this level and finds support, it could reinforce bullish sentiment and potentially lead to another rally attempt.
Volume Analysis
We also see moderate trading volumes, indicating sustained but cautious buying activity. An increase in volume at higher prices would strengthen the case for a continued rally, as it would demonstrate robust market interest. Conversely, if the volume decreases during a pullback, it may indicate that sellers lack conviction, suggesting that the retracement could be brief and limited to consolidation.
Nas100 Bearish IdeaOnly going off of what information the chart has showed and in no way trying to predict anything. This week I'm bearish on Nas100 looking for it to retest the new resistance that was once support to see if it will hold. If price can stay under that resistance I will be looking to enter a trade at that level and targeting previous support. I try to keep trading simple by letting the charts show me the levels they want to go to and me reacting. Any feedback is appreciated :)
EURUSD UPWARD MOVE After the US elections, price is finally consolidating and the EURO is on it's way back up after it retests key levels.
Bitcoin, What's Next After "Almost" Hit ATH?After significant rally, Bitcoin price action recently approached its all-time high (ATH), signaling significant bullish sentiment. However, the price is now showing signs of potential retracement. Currently trading around the 72k USDT level, the price could either dip into a fair value gap (FVG) or descend further into the highlighted green box, where a trendline provides support.
This retracement would allow for consolidation and might attract new buyers, offering a more solid base for the next upward push. As the price potentially reaches the green box or bounces off the FVG, there could be an increase in bullish volume, pushing it toward resistance zones marked above. If the trend holds and the bulls regain control, Bitcoin could break through resistance, potentially pushing beyond 74,000 USDT to reach new highs.
In this scenario, this temporary pullback serves as a healthy correction within an ongoing bullish trend, building momentum for the next leg up in the journey toward breaking the ATH.
Stan Weinstein Theory on NetflixThe 4 Market Phases
Stan Weinstein describes the evolution of stocks in four main phases:
- Phase 1: Accumulation
The market is flat after a prolonged decline. Smart investors start buying.
- Phase 2: Uptrend
The price breaks a key level and rises above the 30-week moving average, which is rising. This is the ideal phase to buy.
- Phase 3: Distribution
The market stabilizes after a rise. Big investors sell, and the moving average stabilizes. This is the beginning of the end of the uptrend.
- Phase 4: Downtrend
The price breaks a key support, the moving average goes down. Avoid buying or selling to limit losses.
Key Indicators
30-week moving average: In an uptrend, the price is above. In a downtrend, it is below.
Volume: Increasing volume during breakouts confirms the strength of the trend.
Weinstein advises buying early in Phase 2 and selling early in Phase 4 to follow major market trends.
Analysis made in collaboration with @Yannick1961
Four elements for sales analysisAccording to the ict look at the chart
which hits the harmonic line with hunt sell stops and moves down with order block OANDA:XAUUSD
SNOWMAN LOOKING BULLISH SNOWMAN IN WEEKLY 📈
Snowman looking Bullish 💹
In few weeks price can travel 100+
As per price action behaviour
So am bullish on #Snowman
Take Profit hit, Swing High Taken !!!Do something once, it's luck. Do it multiple times the same way and it's what ?... we call it consistency !
attached to this idea is the link to the analysis and the reason for the Setup explained in detail even at the comment section...
Take Profit hit, Swing High Taken !!!Do something once, it's luck. Do it multiple times the same way and it's what ?... we call it consistency !
attached to this idea is the link to the analysis and the reason for the Setup explained in detail even at the comment section...
NZDCAD LONGBased of the monthly.
What we call a V-formation, followed by a test.
The test comes in with weak sellers and very slow.
Followed by strong buying power, where sellers can't do much.
Price has turned in a range, where the buyers seem to be stronger.
Entry will be based of a mix of Daily, 4H and 1H
I found a wedge that ends around thanksgivingThis wedge would appear to indicate another trip to 56ish territory for this month, and up again from there. Whether it will rise up (or down) out of the wedge before Thanksgiving is the question. Anyone have evidence either direction?
