Traditional markets responded with rallies following the Federal Reserve's tame communication following the FOMC meeting this week. The 25 bps hike is nothing more than a symbolic statement, with the midterm elections looming and the Fed finally acknowledging that inflation is more persistent than what they had hoped. The lack of serious action is likely to...
The Dow has been bearish for the most part this year, and I believe we're about to see a bullish recovery in the long term considering current price action.
NASDAQ:ROKU just hit the harmonic PRZ level of bullish shark harmonic pattern. Stock might see a short term bullish reversal from here.
Hello traders and investors! Let’s see how the SPX is doing today! First, it hit our target at 4,292, and it seems we see some reaction in this area. We identified the 4,292 as an important support level, and so far, it is working. The link to my previous analysis is below this post. The fact the index is stabilizing in a support area is a good thing, however,...
NZDCAD has broken out of the descending trendline. We expect a period of consolidation followed by a possible short term bullish reversal. #SpeculativeSetup #NFA #RiskManagement
We faced a >50% drop from the previous ATH around the 68k level and created a new lower low. The last dip down to the 33k level was bought up with higher volume compared to the previous dips during this downtrend which indicates that we could have bottomed out. The RSI still is below 40 and probably will test the yellow line in the near-term. Once we break this...
NSE:IDFC is at the key support level formed by fibonacci cluster. It is also at the PRZ level of Bullish Gartley Harmonic PRZ pattern. Volume Zone Oscilator is also in the oversold zone. It might do a bullish reversal from here. Gartley PRZ pattern requires below criteria: XAB - 0.618 AC - 0.383-0.886 BD - 1.272-1.618 XD - 0.786
BINANCE:AAVEUSDT Hello Traders, AAVE is forming inverse head and shoulders pattern on a daily timeframe which is a short term bullish reversal sign. Prices have been fluctuating between 160-300 since November. AAVE formed left shoulder and head during December and finally formed the right shoulder in 2022. Left neck is lower than the right neck which is one of...
This is the weekly timeframe of BTC market cap, as you can see the BTC often bounce off the trendline which acts as an support. Base on this, i feel BTC is gaining dominance as we reclaim back 1 trillion market cap for BTC. As history data proven, during the period where we count down to end of the year, it's gonna be bullish for crypto market. BTC Market Cap
NSE:HDFC is at the PRZ level of Bullish Gartley Harmonic PRZ pattern. Volume Zone Oscilator is also in the oversold zone. It might do a bullish reversal from here. Gartley PRZ pattern requires below criteria: XAB - 0.618 AC - 0.383-0.886 BD - 1.272-1.618 XD - 0.786
Bitcoin tests the 200MA at the same level we have the purple central line of the accumulation box indicated by the thick orange and bright green lines. We are within this accumulation box for 241 days yet and holding the central line is important to stay within the upper bullish zone. The current drop looks too steep for a long term trend and price volatility...
Hello traders! EURGBP is coming higher for the last few weeks, after the pair moved to the lower side of a big 2016-2020 range. Notice that pair is coming higher after a five-wave drop on a daily chart where we see a bottom formation because of a wedge pattern in a fifth wave. Wedge, or ending diagonal, is a special type of a pattern that has a slow and choppy...
Interval: 4hrs Description: After the Taproot upgrade Bitcoin gets as low as 53/54Ks and recovers for 68/69K ATH with parabolic flight. Afterwards new ATHS 79K and others are on the horizon.
OXTUSDT CwH Pattern | 75% Move Expected on Handle Breakout NOTE: Do your own analysis. Do proper risk and money management. Spot trading only. Entry: 0.3910 TP1: 0.4326 TP2: 0.5072 TP3: 0.5889 TP4: 0.6865 SL: 0.3322 ROI: 68% - 75% Risk: 15% Do not use more than 10% Risk of your account. Do not enter if you don't know how to trade.
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 -...
If you like this idea, like it and follow me for more. 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...
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 >...
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