An interesting chart showing W patterns.
This is a bullish pattern or kind of neutral in my eyes. Only bullish when the right arm is experienced.
W patterns everywhere!
GBPUSD has successfully formed three top touch giving high short opportunity after strong proper rejection off the 1.22119 zone and target 1.18471 or lower than that.
Gold is approaching three year high and simultaneously preparing a third touch of the three-year high zone of around 2048 to 2051. We want to see large timeframes proper rejection off the 2048-4051 supply zone then we can target 1940
The Circus is On in tune with Micorsoft's OPEN ai ChatGPT $29bn valuation
like any coin stock or issue ... when the THEME is on
DEALS pile up to get a piece of the PIE before PUBLIC comes in at 50 100 1000x levels
DCA
and hope to get filled before the Dubai Happenings
Q1 and q3 or 4 is the usual window for Big funds to witness AMAZiNG TECH
I see liquidity lying below which might be a target, so price might go lower but it could first clear the liquidity above on the 1H chart just below my POI. Good luck.
Reviewing the interesting thresholds for Bitcoin from:
Will Clemente
Ben Cowen
Bob Loukas
$53,000
$39,000
$30,000
See video for overview:
www.youtube.com
ENTRY: 9.24
TP: 9.85
SL: 8.9
- ADX>25
- RSI>70
- MAs are aligned except for 200MA which seems to be flatting
- Break-up on decent volume
- Prefer closing to be above 9.24
Back again for another crack here. Price rejected lows pretty emphatically overnight. Same bullish thesis for this one, I'm expecting oil to get smoked this week as the June contract expires, and perhaps we see the classic correlation with the CAD.
There are two scenarios I'm going to look for, they are drawn on the chart. I prefer to see the top option, waiting...
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86.
That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55.
BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve...
