I went through a lot of charts this weekend. Most of them look choppy and ugly which is not surprising with this choppy market.
Picked this one which looks really healthy.
Just left the March-to-September downtrend, went above the strong level at 19.
Then made a healthy pull back, still hold arond the level. Yesterday - nice breakout.
MACD. RSI -...
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Colour key: Pink = weekly, Grey = daily
I've drawn out several supply and demand zones from the weekly timeframe, as week as key levels from the daily timeframe.
I held a nice 180 pip short last week but i expect to see price have a correction and continue to go up. I've also taken DXM and interest rates into...
On the 2 Hour timeframe, another pattern is in the making. If it so happens to be a morning star doji (one bearish candle, followed by one where the market is undecisive, and ending with a bullish candle), we will see a market reversal and Gold will enter into a bullish upward trend on the 2 hour timeframe. I have highlighted the pattern for you.
A possible bullish Gartley pattern cab reverse GBPUSD trend into bullish. Just wait for confirmation of a bullish candle formation, on the flip side if can not sustain and break previous low then abcd pattern come into play.
Bitcoin is at the crossroads as to whether it's bullish or bearish. In this short analysis we'll explain how and, more importantly WHEN, you we determine which of the two it is. By being able to identify the technical direction at the earliest safest point, we'll either be given the gracious opportunity of stepping away from the fast-approaching freight train, or...
OXTUSDT CwH Pattern | 75% Move Expected on Handle Breakout
NOTE: Do your own analysis. Do proper risk and money management. Spot trading only.
ROI: 68% - 75%
Do not use more than 10% Risk of your account.
Do not enter if you don't know how to trade.
Last week, with the weekly chart view. I found something interesting with this Stock.
Eventually, the chart pattern was making a bullish penant but past few week price was closing below support trendline of bullish penant.
if we take a look 3 last candle of weekly chart. It created a price action of morning doji star with high volume on the last candle...
Lupin has retraced to the demand zone (earlier supply zone) post heavy breakout and have shown a reversal sign.
Current view is based on following patterns:
-> Ascending triangle breakout retest (bullish trend)
-> supply zone turned into demand zone
-> bullish reversal sign through bullish candle with volume
Wait for the closing above demand zone
Nearest target is 1240
Industower seems to be at crucial level and have high probability of reversal from the current level based on historical price action, fibo-retracements and trendline.
Suggestions for entry:
> wait for high volume rejection from the level.
> entry point should be the OHLC4 of this candle
> Stoploss should be below the low of this candle or below trendline
$BABA is a buy at these levels,
The chart has completed a 61.8 retracement and price action has consilidated into a falling wedge,
Target 1 is $243
Target 2 is $273
I'm trading this one using call options.
The Three Stars in the South candlestick pattern is a very uncommon bullish reversal pattern. I've only ever seen it complete on the daily timeframe one other time in my career - when Tesla went on its truly parabolic run from 1300 - 3000+. See related idea.
Seriously, that's the last and only time I have seen this on a daily chart without it being a historical...
Globus Maritime Stock Available At Robinhood
Currently $4.91 & SHORT SQUEEZE UP TO $100
Price Action Hovering Near Alltime Lows.
Confirmation Of Double Bottom!
Officially Breaking Out Of Falling Wedge Pattern
Short Float Percentage 21%
Of all its shares available, 21% is shorted meaning 1 out of 5 shares is betted the price goes down. So...
SUPER as a newly NFT project shows some volatility.
SUPERFARM is around the corner and good news are coming in.
The downward parallel channel has been broken.
Currently it looks like we found support and even went through the first resistance.
SUPER showed some trouble breaking the second line of resistance but this is just a matter of time.
As you can see from the chart, MSFT broke out of a symmetrical triangle formation right around January 20th and enjoyed a very strong uptrend for about a month. We can see a clear break in this uptrend around February 18th just based on price action and we can also see that at this same time our fast EMA's quickly turned silver indicating a weakening of the...