Hey Traders, in the coming week, our focus is on the US30, particularly around the 37300 zone. The DowJones has been on a solid uptrend, showcasing its resilience in the market. As we enter the new trading session, we find the index in a correction phase, edging closer to the critical 37300 support and resistance area. This level has historically played a...
In the upcoming trading week, our focus turns to USDCHF, where we're eyeing a potential buying opportunity around the 0.84800 zone. Despite trading in an uptrend, the pair is currently in a correction phase, making its way toward the trend at the 0.84800 support and resistance area. Delving into the fundamental landscape, recent Consumer Price Index (CPI) data...
Hey Traders, in the coming week we are monitoring AUDCHF for a buying opportunity around 0.56800 zone, AUDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.56800 support and resistance area. Trade safe, Joe.
BTC has been ranging within an ascending channel since mid-October of 2023 and is currently testing the lower trendline of the channel. If the trendline holds, we can expect a bullish move back towards 49k. If the trendline fails, BTC will likely retest the 41k - 40k support area. Keep in mind that recent ETF approvals have created additional uncertainty in the...
My last post was a little premature. We got an inverted hammer on multiple timeframes looking like we might even get a morning star the 50 day ma might reject the deathcross and rejections can be more powerful then breakthroughs i think the bears are exhausted ! Seeing huge signs of reversal all across the board
In the upcoming week, our attention turns to USOIL as we contemplate a buying opportunity around the 71.80 zone. To form a well-rounded perspective, it's crucial to consider both fundamental and technical aspects. From a fundamental standpoint, the recent dynamics in the oil market warrant careful consideration. Geopolitical tensions, supply and demand...
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Nifty has been seen gone bonkers and making swift moments upwards, without giving any breather to option writers. India VIX too marching along nifty(as suggested in previous post). Here in this study, on the left, I highlight the fund managers' chart or Quarterly Chart of Nifty. With help of #Elliot wave principles, I have marked the #Fibonacci Extension level on...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 144.100 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 144.100 support and resistance area. Trade safe, Joe.
π Recent Price Movement: THETA faced rejection at $1.45 three weeks ago and has been retracing since. π― Current Resistance Zone: Now within the $1.15 - $1.20 resistance area. π Potential Scenarios: If rejected, further downside could test the next support at $0.975 - $1.026 or even $0.85 - $0.90. π Trade Consideration: Considering a long trade on THETA amid...
Hey Traders, in tomorrow's trading session we are monitoring GBPCHF for a buying opportunity around 1.08400 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08400 support and resistance area. Trade safe, Joe.
We have an incomplete bullish flag pattern since the past 2 weeks, another flag pattern formed this week, showing bullish possibility. I expect price to test the support zone and the 50EMA and then move bullish to 1.27710 as our take profit zone.
+ 1.) weekly structure bullish 2.) 2 strong weekly rejections 3.) daily divergence 4.) strong daily rejections 5.) strong 4h fake out 6.) building 4h liq. we can expect a small pullback to 0.66906 or 0.66816 before pushing higher!!!
Bitcoin remains at the highs at the beginning of 2024, so we assume that more upside can be seen as recovery is acting like an impulse. As such, be aware of further gains within a five-wave cycle, where we are tracking higher degree wave III up to around 48k - 50k area. Looking at the 4-hour chart, we can see some sell-off after Matrixportβs latest report claims...
Thanks to SEC's BTC-ETF approve alt-season is gonna carry on. What I am looking at is 70% potential move and beautiful triangle pattern after big impulse in October. We need only one confirmation to go up which is break the downtrend channel in 1D TF, also closing candle around 0.22 in 1D TF is gonna be huge confirmation too. I will be taking profits at those...
π Overnight Rally: ATOM has surged almost 11%, moving from the $9.50 support to the current resistance at $10.50. π BTC Influence: Monitoring BTC, and if it trends sideways, altcoins like ATOM may continue their rally. π Potential Breakthrough: If ATOM breaks the $10.50 resistance, there's a possibility of testing the $12.00 - $13.00 resistance area. π Key...
In today's trading session, our focus turns to USDCAD as we anticipate a buying opportunity around the 1.33700 zone. Having recently broken out of its downtrend, the pair is now navigating a correction phase, approaching the critical retrace area at the 1.33700 support and resistance zone. Adding a fundamental perspective to the technical analysis, it's important...
Hello,Friends! EUR/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.942...