Oh my, so many questions... let's beginn on thursday: I think that if we see a rebound early in the day, it might hold up to form this beautiful 'W' shape -OR- it breaks out completely ON. A. FRIDAY. But this might be just too far fetched these days.. IF the 'W' forms though, this gives at least somewhat of a ground. Will be tested next week then -.-
If the W...
BINANCE:BTCUSDT BINANCE:BTCUSDTPERP
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$BTC has reached the descending channel's bottom and so there're some similarities to check for...
Last time that $BTC has reached the channel's bottom ( Formed the...
With the world economies weakening, interest rates rising, equities tumbling, and inflation running rampant; I have been forced to generate a few panic support levels for BTC.
The chart above illustrates a ratio analysis study of the major corrections from the 2013 and 2017 Bitcoin highs.
By extending the ratio's of the former corrections we are able to generate...
RTX with underlying strength prevalent in its technicals & fundamentals. Leading the industrial sector via geopolitical factors and a favorable balance sheet, RTX continues upwards on a channel trend and on several premises: 1) Buyer responsive price action that has been developing since Q4 of 2021 2) Participants driving auction over KSMAs, 3) Support held at...
The SPY ETF has traded within a well defined channel since the beginning of 2022.
Within this major down draft, a more acute channel has been in evidence for the past 2 months. (shaded rose)
Looking at this from a harmonic perspective and bearing in mind that this is a 2 hour window, I see evidence that a cypher pattern is developing with may provide a...
With today's US CPI numbers out of the way and a modest degree of stabilization in equity markets, Gold appears to have made a short term bottom.
This is the third touch of a six month trendline.
We add to this a bullish harmonic Gartley pattern which appears to have formed. (This includes a solid AB=CD subset.)
We need IMHO another ingredient. A weaker $USD ...
Potential setup here at channel bottom with 200 dma and daily + weekly rsi support.
gotta respect the stop below the volume node outcrop at 37.60, in case it continues to drop to the larger volume node and demand zone between 35-32.
worth a shot i think
I think that there will be a small rally after newest dip and that another drop will wait until friday (circle). After this dip with new lows we will hopefully stay in this channel and try to break out again.
Netflix (NFLX) ...Will this Horror Show ever end ?
Netflix has been one of the bigger casualties of the NASDAQ selloff managing to lose over 74% of its value since early November 2021.
Taking a 10,000 foot view and reviewing a monthly log chart(insert) suggests a well defined channel going back to NFLX's debut in May 2002.
The bottom of this channel now rests...
Two trades one long and one short trading the upper and lower bands of a price channel. I dont generally trade a price channel for many reasons, but with the long term chart dominating trend in my favour it worked out. For this trade my long-term chart was (W) chart and my current price chart (D) chart. The current chart is where i take my entry, stops & cover my...
Hello everyone
In last the week , market created a bear trend structure and did end it with a good hanging man bar which indicated that the bear trend continues and with the full bear body bar for today we have the full context of bear market.
So far the market broke out of 1880$ for XAUUSD and reaching the 1850$ is expected.We may get to see the price in...
I believe that watching the US10Y is a great way to gauge what's happening in the equity markets. As we've been witnessing, stock valuations are being compressed and investors are feeling the pain. I've been watching this chart for a while, and you can see that the 10-year Treasury yield is nearly at 3% and is at 4-year highs. This is something to definitely keep...
The price is creating a descending channel after the breakout from the falling wedge as I told you on my previous idea
On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$
How to approach?
The price needs to have a new...
Indusindbank is on the verge of breakout, dont just buy as its in trapping zone of 987-997, it rejected these level multiple times so dont get trapped & wait patiently for entry.
Buy with mmentioned stoploss & target.
The price got a rejection from the weekly resistance on 164$ and not the price is creating another bull flag above the previous descending channel
the price retested the previous dynamic resistance as new support exactly at 0.618 Fibonacci level.
How to approach?
The price needs to have a breakout from the weekly resistance and descending channel. Beware to the...
The price is testing the 4h support after the rejection from the supply zone on 20$ as you can see on the daily chart (the upper one)
The price is creating a ascending channel below the weekly resistance on 17.7$
How to approach?
The price could retest again the supply zone on the 20$, so if the price is going to have a breakout from the weekly resistance and...
