After the initial dump around the 17th, I made an analysis on BTC where I discussed the fact that this token was the most oversold on the daily RSI since the COVID dump. My short-term expectation was more edged towards the bullish side than towards the bearish.
My target area for the bounce lied between the 0.382 and 0.618 Fibonacci retracements. This area is...
2nd analysis as per pre market on hourly time frame, will wait to see how price reacts against company decision on dividend cuts, will keep add multiple indicators how price is behaving based on certain events in market.
RRGB has the hallmarks of a stock that could potentially be a great winner. It broke out of it's base formation on 1st March on earnings beat with a strong breakaway gap (Breakaway gaps signify the beginning of a new trend and does not get filled in the near term).
It then proceeded higher over the next few days before pulling back to the breakup level @ 10.60...
PEPPERSTONE:NAS100 H4 short idea . Approaching HTF range high with a wide stop. Entry 13100's, Take profit one at mid rage 12000's, Take profit two at 11000's, invalidation at 13600's. Will give some time for this to play out as TVC:DXY is rebounding off support 101's.
Looks like price tried to break to the downside and was stopped with some strong wicks these past few days.
Watching for a gap fill to the upside as it mean reverts back into the moving averages.
Once there, looking for possible short entry at resistances.
UK inflation goes to 11% a 41-year high, goods prices continue to increase.
BOE says supply chain shock is starting to fade, however, with this inflation rate, the next couple hours the EURGBP will certainly go long.
We have a support that was not tested after the dates of UK. But we can see the RSI in a oversold zone and after changing the direction...