The NASDAQ100 is currently sitting at the 0.886 and 1.618 PCZs of big Bearish Shark and Bearish Butterfly patterns as the indicators hover around the overbought zones; we don't exactly have much confirmation yet that these PCZs will hold, but it seems like it wouldn't be a bad idea to position against the QQQ early on via some SQQQ monthly calls and perhaps...
Get ready for some action! The USDCAD trade is heating up, and here's why you should be excited! 💪 On the Weekly Chart, a key support level has been broken, signaling a potential trend reversal. 📉🚫 This opens up an aggressive shorting opportunity for traders who thrive on bold moves! 📉💥 The Bearish Shark Pattern has formed at 1.3587, and all signs point to a...
🔍 Dive into my latest analysis on the related article and compare it with my previous week's analysis. 📉 Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market. ⚖️ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart....
💰 Celebrating two great wins on WTI in June! But let me clarify, I'm not chasing streaks—I focus on proper setups. Let's dive into the current situation for WTI, aka US Oil. 📈 The market is testing the support line on the weekly chart. While some traders see it as strong support and anticipate buying opportunities, multiple retests increase the likelihood of a...
🔍 Current Situation: No favourable buying opportunity on GBPUSD, but counter-trend trading possibilities exist. 🔴 Retest of Double Top: Watch for a retest of the double top pattern completing at 1.2745 on the 4-hourly chart. Traders eyeing a reversal will be attracted. #DoubleTopPattern 🦈 Bearish Shark Pattern: Keep an eye on the Bearish Shark Pattern completing...
FX:EURGBP a week earlier forms a break of the resistance of the descending price channel. A consolidation of 0.86000-0.85400 is forming. We see consolidation at the resistance. What to expect from the price? Most likely, the price will continue to test resistance 0.86067. Pre-break consolidation is forming, which can be interpreted as another attempt of price...
I'm not saying that trend isn't important, but on this particular trade, it is NOT. And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign. My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the...
We have some Bearish Divergence on NVDA after reaching the PCZ of a 4 Hour Bearish Shark; if we get some serious followthrough I could see it going down to $400 or even all the way down to about $350 I will be selling multi-week calls around the strike of $425 and $435
If you had read last week's analysis, you would know I've been waiting for a buying opportunity on Major Support. Now that the Support has broken, I'll be waiting for a shorting opportunity, and what is needed is a retest of previous support(1.3305), which turns resistant. A better way for me to engage the shorting opportunity is to wait for the Bearish Shark...
I think that these two stock will trade in opposite directions to each other, so I am tracking the ratio between the two stocks, and it looks like General Motors has just about hit the limit to the amount of ChargePoint shares it will be able to buy, and so I expect a decline in GM price and a Rise in ChargePoint's price from here.
Overall Analysis on EURUSD is still on a Bearish Move; however, this week, I expect a substantial pullback(bullish movement on the EURUSD off the lower timeframe. If you are looking for a buying opportunity, wait for the Bullish 5-0 Pattern to be completed as early as 1.0723.
Low Risk, Good Return Trade A Bearish Shark Pattern has shown up on the AUDUSD 4-hourly chart. As it is not the best trading setup but the second target produces a healthy Profit Factor of 2. I've shorted the Shark Pattern as it coincides with the 1-hourly chart 3 drive formula. This is possible because we use our in-house A.P.E framework and this is known as...
ABC currently is Bearishly Diverging on the MACD and RSI around the 2.414-2.618 PCZ of a Bearish AB=CD where it has also developed a Bearish 3 Drives Pattern and a Bearish Shark. If we get the action I'm expecting to see from here, it will come down and break through the trend line and then continue down to the 0.886 retrace at $77 in a dramatic way.
A combo trade, this is what I call it. A Bearish Shark Pattern appears on the M15 chart coinciding with the 1-hourly chart Wedge Pattern with a retest of resistance, allowing me to engage the trade base on the M15 chart but allow an extended target on the 1-hourly chart. As good as it sounds, I'll be placing my stop loss as per usual and will not overtrade this.
Earning money can be as simple as waiting for the market to pull back to 0.6631 and waiting for a shorting opportunity. Trading could be easy; what's not easy for most people is having the patience to wait for the trading opportunity. They like to get involved in all moves. Mature traders will only wait for the best trading strategy and not get involve in every...
This could be interesting! If you are looking to short, you have a Bearish Shark Pattern that has completed at 174.50, you could wait for a pull back off the lower timeframe, like the 15-minutes chart or the 8-range bar chart for a shorting opportunity. Alternatively, you could wait for a buying opportunity on the 5-0pattern a 100pips later at 173.50. Which...
Do you still remember those unforgettable moments when I first embarked on my trading journey with GBPJPY? It holds a special place in my heart as the very first pair I traded, and I stuck with it through the ups and downs until the spread for GBPJPY skyrocketed to 14 pips for an extended period. Oh, the memories! Presently, GBPJPY finds itself in a captivating...
We have 3 instances of Bearish Divergence just pass the PCZ of the Bearish Shark and it now looks to be testing those highs perhaps for the last time before it begins to fall.