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...
MIL:BTC is going to 75K by WYCKOFF+VSA+ELLIOT analysis BINGX:BTCUSDT.PS BITSTAMP:BTCUSD BINANCE:BTCUSDT
-Previous Day candle closed Bullish. If we are looking for buys we will take on until 19th jan 24 and TP 2 15 feb 24 daily resistance. - If we are looking for sells we take on until tp 1 19th nov 07 and tp 2 on 12th feb 24 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 opposite...
BTC just printed a dragonfly doji on the daily and is clearly overextended. I have been calling for a correction for a while but the only thing we have gotten is a few levered flushouts. There is some support around 68k, a little more action around 66k. A nastier version of a correction would put us back between 58-60k. I think this would spook a lot of people,...
Dive into the heart of market volatility with our latest analysis of NASDAQ:META 's price action, centered around the critical 10AM box on the 5-minute chart. This video breakdown offers a comprehensive look at the key movements and trading opportunities that emerge in the early hours of trading. Whether you're a seasoned trader or just getting started, our...
Possible buy on all the strong buy candles off resistance. We are in a short-term uptrend off a long-term downtrend. We have multiple confluences to support a trade to the long side.
Semiconductors showed signs of stalling last week, and Advanced Micro Devices might have confirmed a potentially bearish pattern. Today’s chart highlights the big price swing on March 8, which featured a record high and then a close below the previous session's lows. The resulting candle was both a “shooting star” and a bearish engulfing bar. AMD proceeded to...
Head and Shoulders kind of pattern formed on Nifty hourly chart which is not a very good indication for rest of the week. Only saving grace which can support Nifty in this scenario is a trend line and Mid-Channel support which are in the zone of 22302 and 22255. If 22255 is broken and we get a closing below it tomorrow or the day after H&S Break down will be...
Remember that we are anticipating the inflation rate today, which could prompt a significant reaction from ⚠️Gold. The market is currently showing a descending triangle formation on the intraday chart and is testing its neckline. If the price breaks and closes below this level, it could signal a strong bearish trend, potentially pushing prices down to the 2163...
NZDJPY formed a huge head and shoulders pattern on a daily time frame. We see a confirmed neckline violation, with a daily candle close below that. The pair may continue to fall. Next goal - 90.0 ❤️Please, support my work with like, thank you!❤️
The CADJPY pair has broken through and closed below a significant horizontal level on the 4-hour chart, indicating strong selling pressure and suggesting a potential continuation of the bearish trend. It is likely that the pair will decrease further, so traders should look for opportunities to enter on a retest of the broken structure.
Hi everyone, Technical Trader here. Awaiting confirmation on the Daily and (maybe Weekly) to see whether we can fill the Monthly candle stick wick. Price approached the yearly mark (Jan 2014) and was rejected. Clear Channel, but could it break? I've not got a bias on this one just yet, but I will be watching over the next few days.
Nifty gave a weak closing today below 50 EMA (Mother Line). Which indicates that there can be more downside. However there will be support provided by the Mid-Channel support which is near 22263. If this support is broken further supports might be near 22129 (Trend line Support) or Father Line 200 Hours EMA near 22057. Resistances on the upper side for Nifty will...