Here we have the lifetime chart for ASX:CAT. - Starting with a price of $0.63 and reaching an ATH of $4.26 in only 1 year. - It then went on a 3 year downtrend back to its original $0.63. - After that we see it recover to $2.13 in 1 year. - COVID-19 pandemic brings price all the way down to $0.49, which is its new ATL. - Since then price has recovered...
here i am showing you bitcoin's historical price action after every bull run.. if BTC follows similar pattern like 2013 & 2017 bull run our bottom can be $16000 to $13000 after smaller dead cat bounce by which we can retest around $40000 range.
NYSE:CAT Short - Caterpillar, Inc. - The Double Top Drop This short biased thesis is based on the following factors: A double top that was recently formed and confirmed A Bearish Three Black Crows candle stick pattern followed the second top (of the double top) A large series of dark pool prints totaling around $882M came in on June 25th, all around the...
GME is currently in a pattern known as a symmetrical triangle in which, following a move (up or down), there is a battle between bears and bulls to establish dominance on the market. We'll focus on a symmetrical triangle that starts with a move up like GME , but the same applies to a move down, just vice versa. This is visualized on a chart as a move up followed...
Another “buy the dip” trade, just like our idea on DE. The principle is exactly the same, but with a few more details. We have a rounded bottom, and the RSI is extremely divergent, indicating a possible rally. In the 4h chart, the RSI is at 23, and we did break the BB today, but we closed inside it in the end. Like this wasn’t enough, we are above a support at...
The USDCNY continues to find itself in a solid downtrend. This is illustrated by the ADX indicator, which has been threading above the 25-point benchmark since late September 2020. The ADX reached a peak around the time the price action fell to the upper boundary of the last Accumulation range at 6.4700. Afterwards, the price went on to establish a false bullish...
XLI, the Sultan, was the ultimate DOW mover. He ruled over everyone including hedge fund managers. Tuesdays action to the upside was great but gave it up at the end of the day. Wed and Thursday continued to the downside. On Friday, the Sultan tapped the 8 day EMA and came back up but closed below previous day high. The issue with XLI is the channels are...
This can be false at all,i think like this and i dont like it :D
Price has been unable to rise clearly over the 40k level. Good news is that it almost reached 40,500 today before finding resistance to drop below support at 38,500 At this stage it is important to see Higher Lows! This means that if the price drops below the 36,000 level we run the danger of seeing a further drop / in this case the rise from 30k to 40k...
Bitcoin has dropped below the 20week and 200day moving averages for the first time since April 47th, 2020. With a triple bearish divergence, a break of the pitch fork trend and floating below the 20wk MA..I cannot help, but read this as bearish in the short term until we secure a weekly close back above the 20wk MA. Not sure how much lower we could go, there is no...
Hello! Friends, -This would be a great Buy Opportunity, IF NYSE:CAT breaks up the Daily Resistance line at $233.50 (with a WHOLE DAILY Candle) !!
In trading, "Dead Cat Bounce" refers to a temporary recovery that occurs after a sharp price decline that is usually followed by a downward trend. It can be defined as the chart phenomenon that occurs during a bearish movement. Basically, it is an expected correction on a brutal fall in prices. In the market jargon, it is a trap for the bull traders. Bulls, Stay Alert!
The NZDCAD is about to test the strength of the ascending trend line. If it manages to break down below it on the third attempt, this would likely allow the pair to probe breaking even further down south - towards the previous swing low. Upon completing the last 1-5 Elliott Wave Pattern, the pair is currently developing a corrective ABC pattern. Notice that the...
changed from 15min to 1hr and charted the prior bounces.