Once again, the indices are rising strongly. While the SPY is heading towards its all-time high, the QQQ and the Dow Jones ETF are already breaking a new all-time record, again. When will we see the market calm down again? What if a top signal appears on the indices? The SPY ETF is in a clear uptrend, making rising tops and bottoms, breaking its resistances and...
Today we see an important move in TSLA's share price, a break of the resistance level of its previous top at $252.75. Now, after the breakout, we see that this area is serving as intraday support, which is in line with the principle of polarity (former supports can become future resistances and vice versa). Since our last analysis last week, we see that the...
Hello traders! - I want to present the engulfing candlestick pattern and will try to explain why it is important to recognize this pattern formation. - The engulfing candlestick is a crucial tool in technical analysis for traders in financial markets. It serves as a powerful indicator of potential trend reversals or continuation, providing valuable insights...
As you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay...
NYSE:BA has the most powerful and longest momentum run of all of the 30 Dow components. The company reports earnings on January 24th and the run up implies that the 4th quarter is likely to be better than previous quarters in 2023. This stock has moved strongly since the bottom in November and has been able to pattern out some of the speculation with...
Have you observed the eclipse on the weekly chart of JPY pairs? It's a prevailing theme, reflecting a retest of structural support across all Yen pairs in my list. This setup hints at a potential buying opportunity emerging in the upcoming week. However, for those like me, eyeing the Bearish Fib-3 Bat Pattern on the weekly chart, there are two enticing...
EURUSD seems to be displaying signs of a weakening bullish trend, paying homage to its prior structure with an immediate retracement. For those eyeing a potential buying opportunity, I'm personally keeping an eye on the Bullish Shark Pattern, anticipating a 3-bar reversal around 1.0688. That might just be the sweet spot for a promising buying opportunity!...
In the daily timeframe chart, you can see that we have a bearish channel which the price reached a few days ago, and since then, it has been trading lower. Due to this bearish move, price managed to break its bullish market structure in the 4-hour timeframe, and now the 4-hour market structure is bearish. On the other hand, this recent bearish impulsive move...
NZDJPY reveals a promising Bullish Shark Pattern, presenting a potential trend trading opportunity. While waiting for a 3-bar reversal offers further confirmation, it's prudent to engage post a weakening of the bearish move. For aggressive traders, immediate entry might be considered, with a crucial emphasis on identifying stop levels to mitigate risk. What...
CADJPY exhibits a confirmed Bullish Shark Pattern on the 1-hourly chart, prompting my engagement in the pattern. However, my attention is focused on the critical 108.55 level. I'm closely monitoring the market's behaviour around this level. A preferred scenario would involve a break and close above 108.55, signifying potential bullish momentum. What's your...
Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Are we there yet? Are we THERE YET? Now? How about NOW ?? We can't help it - towards the end of a bearish cycle,...
Over the last 2373 Days, bitcoin has experienced volatility between $1830 and $69,000. During this period, bitcoin closed with a green candle 4 times for 7 consecutive weeks. This week, it will repeats the record by closing green candle for the 5th time in 7 consecutive weeks. In the cycle I mentioned, the green candle could not close for 8 weeks. After...
USDJPY's Weekly chart confirms the presence of a Bearish Fib-3 Bat Pattern, signaling a potential trading opportunity. One approach to engage this trade involves patience, waiting for a break and close below 146.66 on the 1-hourly chart. Upon confirmation, I plan to enter the trade, anticipating a significant pullback or a setup aligning with the bearish...
Despite GBPUSD showcasing a bullish trend, I'm eyeing a shorting opportunity on this pair. The daily chart signals the completion of a Bearish Bat Pattern, yet a direct engagement at this level poses considerable risk. To mitigate this, my strategy involves patience, awaiting a market retest on the 1-hourly chart. Coincidentally, this timeframe also displays a...
EURUSD offers a spectrum of opportunities catering to both buyers and sellers. For those eyeing a buying opportunity, consider confirmation at the current price for a structured trade on the 4-hourly chart. Alternatively, trend traders might await a retest around 1.0688, targeting a bullish shark pattern setup. On the flip side, if shorting is your preference,...
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts. Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
Microsoft ( NASDAQ:MSFT ) has been on a bull run since the AI hype started. Despite a correction that pulled it down all the way to $310, it has recovered well and continues to stay strong. However, after analysing its most recent bull run and using the RSI indicator, I have concluded that it has exhausted its bull run and is ready to take another correction. ...
Hello dear traders and friends. Let's take a look at the AUDJPY chart and explore the potential bullish move that could happen from around here. As observed in the 4-hour timeframe chart, the overall direction of the price is bullish , characterized by higher highs (HH) and higher lows (HL). The price respects a bullish trendline acting as support, with clear...