Hello,Traders! WHEAT was trading above a Key horizontal level But now we are seeing a breakout attempt So IF the breakout is confimed Then we are likely to see A further move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Everything is as it appears on the chart. This is actually my first Wyckoff. Therefore, be sure that my technical knowledge is very weak. Just wanted to share because it looks nice. My humble advice is to keep your trades very safe. Everything is possible right now... None of the content I share is investment advice.
Link attempting a breakout above a longterm channel
This attempted fib levels show the 7th March top prive on the 6 hourly, lines up with the 0 level on the fib retracement* tool, and furthermore the pump price which happened on23rd April at approx. 18:00 UTC.
MCD is struggling to form a short-term bottom at a non-support level. The stock had been under heavy distribution which triggered High Frequency Traders selling short as well as Pro Traders selling short, even while new Retail App Broker Investors were buying into the downtrend. Buy on the Dip strategies are in play, but the large lots overwhelmed the retail small...
Learning how to apply S&R on this gold chart. After reviewing, I have come to the conclusion that this is forming a bearish momentum. It can either; retest at the level and bounce up temporarily or remain in the downward trend until 1400 zone.
ATVI has been in a long-term rounding bottom formation. The first attempt to complete the bottom failed, but another attempt is underway. Normally, it takes 3–5 attempts to complete a bottom of this duration.
MMM continues to show weakness in the attempt to bottom. Currently, the trend is at risk of continuing to move downward. The stock has failed to break through weak resistance in recent runs upward.
Good day and night, All! The gold is approaching the previous major resistance area around 129x/130x and is forming the new bearish wave. If the resistance withstands this 3rd breakthrough attempt again, it can become a very attractive opportunity for shorts to be opened. If successful, most likely this will happen in next few days after the peak formation around...
Since there is significant pressure in the cryptos until Aug 1st, I expect ETHUSD to sell a bit more. Not that it is not enough. There is significant buying at 180s, and orders at 160s. Scenariocast is: The key levels of significance 120 and 220 to become a band whilst keeping its move within the falling wedge until reaching August 1st.I find it likely to see a...
The price has touched the resistance and bounced on this first candle. Wait for a possible new attempt to achieve resistance. Be aware recoil
Last post I made a mistake that offset my bias. Learned, won't do that again. So here's a new -hopefuly spot on- analysis.
Crab with 2.24AB=CD (the 1.618 is way far behind to be at any importance) , 3.14BC projection and 1.618XA extension in the PRZ. SL @ 1.07. The RiskReward ratio is good standing at around 3.7. Since the RSI show such an oversold state I would personally execute the trade right after it touches the D point. Another important thing. Since the high volatility this...