UPL seems to have formed double top pattern and now it has come to retracement level of neckline after breakout and then giving clear rejection for the upside move. Also, we are seeing a clear reversal in the uptrend in the daily timeframe. so possibly can test previous swing high of 650
On the volume indicator, I can see distribution on the shares the bulls have collected their profits, letting the bears enter the rally, In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the...
Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production. we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon, -Omicron is...
So i legit stubbled on this one i have done no research or dug into it but i noticed something that right away caught my attention first i was on Unusual Whales FLOW page and i noticed 309 THOUSAND dollars on 2 option trades one being an Opening Position trade and smaller secondary one ( go check it out if you have whales ) one was placed same day mins before the...
Looking at ETHUSDT and TOTAL. The patterns are telling me that the Crypto market is going to go in to a Bearish trend or sideways consolidation period through the rest of the year, if not longer. I am definitely a believer in crypto currency, but for me, now isn't the time to buy...in my opinion. I'm going to keep an eye out for opportunities, but not going heavy....
Quick TA on BTCUSDT. Price needs to break above key levels before I'm bullish on it again. Looking at the bigger picture on the weekly chart. This recent run up was just part of the bigger flag formation. If price stays in this pattern, it could be late 2022 before we see the next rip up. If price breaks the pattern sooner....we would want to see it happen VERY...
EUR/CHF Short opportunity arising !! Note: Please do your own research before taking trade. Short: 1.08220 - 1.08117 Stop Loss: 1.08657 Target: 1.07000 - 1.069005
FOREXCOM:XAUUSD There has been a strong support level since April 17, after the breakout that occurred on April 13. Also in the meantime, we can see a near resistance/ support level I confirmed these strong and near level by circling each testing that occurred on the level Also EMA 10 & 20 period tends to become the dynamic resistance Also have same view on 4hr...
We are probably under 4th wave of Major wave C. it is behaving as per the characteristic of wave 4 which is complex because wave 2 was simple and it has consolidated in tringle form. this correction may last still mid august. Short it below 30 K
BTC is respecting some historical retracement lines. RSI has been on a downtrend for some time. Accumulate or buy on the lows, for profit taking on these peaks, until the RSI returns to a Bullish trend in the coming months. Crypto is being traded 24/7 by bots, they are following trends and technicals, plane and simple. Learn to play the game. I’m more than happy...
Expecting price to come back up to the resistance of trendline (1.4750) and the 0.618 Fibonacci level. We could then see some bearish rejection at these levels and see price continue its downward trend.
One more day DOWN ahead ! STRONG BEARISH MOMENTUM will break "50 day EMA" ... target price $58.50! Then we are on the long road DOWN to $52 ! Be prepared and GOOD LUCK!
I always try to rely on pure price action for analysis and use indicators only for confirmations. BTC daily shows a very obvious and simple downside breakout in a wedge pattern. Every trader knows what's going on but people get emotional about bitcoin and wanted it to be upward. So they ignore the glowing breakout. Candle closed under the long term trend line and...
OVERALL TREND DIRECTION- BEARISH ON THE DAILY TF. Corrective and ranging on the 4H TF. We can see that price has made a double top pattern and may potenially look to make lower lows to respect the overall move to the downside. The 2 potential short scenarios this week are as follows. Scenario 1 will follow a break and retest of that support level to the...
after reach to a important resistance, GBPNZD will have a bearish trend.
CADCHF short setups, trend recently reversed to bearish. We can expect trend continuation on the current 4h and 1h setups, if this doesn't workout then we can look for a pullback to the broken zone that helped to set the new bearish trend. Both of the short setups drawn are not exactly what I would look for, just a toss up for the ideas, would need to adjust the...
Short below 1.1930 with targets at 1.1895-1.1880. Extended target at 1.1860
As we ca see there is a head and shudder pattern is forming and by using our Fibonacci projection from head to the falling shudder we can have 3 TPs zones of short-term trades i shall mention that we are aware of a bearish divergence with MACD and it is the sign of a big fall in the Daily time frame