📉DXY has broken and closed below the support line of a bearish flag pattern. Given that the pair is currently in a bearish trend, this breach could lead to a sell-off. I anticipate a bearish move towards the 102.57 / 102.37 levels.
Rely on technical aspects. The market still maintains a strong upward trend. The first point is the universalization and value-added of digital currency, which is also the first choice to resist inflation. The second is continued weakness in the dollar, and the third is increased demand. Three simple points outline BTC’s strength. At the same time, mysterious...
Entry Taken During London Session. 1. Daily Candle Bullish Indicating Buys over Sells. 2. Overall Structure Bullish as Price is Creating HL's and HH's. 3. Price Created A New HL creating a higher probability for a New HH.
CHAINLINK set to create a new monthly High? Recent price Swings, Money Flow divergences & Hammer candle pattern suggesting Bullish Trend.
The provided candlestick chart shows a promising bullish engulfing pattern in the last two candlesticks. This pattern is a strong indicator of a potential reversal from the recent downtrend, signaling that buyers are stepping back into the market with vigor. Given that the stock was recently trading at its lowest point of $1.6 and has now rebounded to $2.05, this...
After a quiet period during the European session, gold prices regained their appeal in the US market and rose to the $2,170 area. After climbing to 4.2% earlier, the benchmark 10-year U.S. Treasury yield erased most of the gains and helped gold prices higher. The Federal Reserve is preparing to cut interest rates, and despite disappointing consumer price indexes,...
The Zone between 21905 and 21779 can be a support Zone for Nifty as it tried to make a recovery from the area near 50 days EMA which was near 21839. If by chance 21779 is broken the next supports for Nifty will be only in the region of 21614, 21284 or even 20971. Worst case scenario can be 20412 which is a 200 days EMA and the channel bottom. So further steep...
In this chart I have a very good example by using Stan Weinstein's Stage Analysis method from his classic book Secrets for Profiting in Bull and Bear Markets. The Gold on the 4H chart Stage2 is finished when the price did not make a new HH also the price break the last HL under MA Stage3 is sterted by retesting the last HL and formed a new LL Stage4 is started...
The trend is up on weekly The price formed a very strong bearish BA Also the Volume was huge Ther is a very good divergenc The RS is negative and bellow the Zero The price break the trend line I opened short at 240 SL 265 TP 190
PYPL had a very drastic flush out below 60$ recently and I took the opportunity to average down on my Jan 2025 call setup. This break looks fairly strong. Investors are looking for value in an overheated tech driven market. This bullish engulfing candle is a very good sign for the bulls. I added a local demand box for reference for a possible accumulation...
Simple chart showing duration of previous bull and bear periods. Overlayed with Bitcoin halving event and duration to market top. - Green arrows show period from halving event to market top. - Red arrows show period from market top to market bottom. - Black arrows show period market bottom to market top. Bitcoin price has followed a similar pattern of roughly...
Entry taken during London Session. 1. Daily Candle Strong Bullish Indicating Buys. 2. Price Created a New HH and Hl's. 3.Entry Taken at 30 M Break Of Highs. 4.Price formed a new Support Zone creating a new HL.
Gold: The price of gold rose by more than 100 US dollars this week, setting a new historical high. It also adjusted the short-term market shape with the help of Friday's non-agricultural data. The non-agricultural data was a perfect ending. In the early stage of the data release, the bullish upward trend was basically continued. The market peaked at the 2195 line,...
I think we are going to retest the zone and then we go up. Manage your risk reward ratio.
On the above 2-week chart price action has corrected 75% since the sell signal (not shown) in October 2019 @ 1600. Now is an excellent moment for a long trade position. Why? 1) A strong buy prints (not shown). 2) Strong bullish divergence. Blue circles. Look left. 3) Falling wedge is yet to breakout however with points 1 and 2 we can be confident in the...
## Bitcoin Poised for Surge? RSI Hints at Upswing Technical indicators on TradingView suggest Bitcoin may be primed for a rise in price. The Relative Strength Index (RSI) on the 2-hour timeframe, which measures price momentum based on 14-minute intervals and volume, currently sits at 48. This value indicates that Bitcoin is neither overbought nor oversold,...
A potential swing trade short has presented itself on the daily chart. DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prior (and more aggressive) leg lower. This suggest the -day rise is...
-Previous Day candle closed Bullish. If we are looking for buys we will take on until 19th feb 24 and TP 2 16 feb 24 daily resistance. - If we are looking for sells we take on until tp 1 28 march 03 and tp 2 on 19th March 03 daily support. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once price reverses to...