Really nice rally, however, we have several reasons to be cautious/bearish here/
High Time Frame Resistance
0.618 Log Fib Level
Large rally with little consolidation along the way
Uptrend Channel Broken to Downside.
Bearish Divergence
Head and shoulders pattern forming.
I could be wrong and a short squeeze could ensue.. but odds are it may be an...
Price has been trading inside the given upward channel since September 2022 . Recently , the price reached the pivot line of the Channel and has shown signs of rejection to the downside ! My next Traget will be the lower limit of the Channel i.e. 0.83700 which is also is the 0.382 retracement of the previous move above , henceforth making it a strong support point !!
✅NZD_CAD broke the support
Confluence of the rising and
Horizontal support levels at 0.842
Which became a resistance area
And the breakout is confirmed
So bearish continuation
Is to be expected
SHORT🔥
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CHZ has fromed 3 Harmonic Patterns within this range all completing at an 88.6% retrace that all has so far aligned with the same area each time; if this zone is to hold, then we can probably expect it to atleast make a 0.618-0.886 retrace to the upside from here.
Based upon the falling wedge and other additional layers of confluence I see two moves to the upside suggesting 126% returns then 200% gains on the hour. This is based on the 1 hour timeframe
Hello,Traders!
EUR-GBP broke a support
Cluster of the horizontal
And rising support levels
Around 0.874 and the
Breakout is confirmed
Because the 1D candle
Closed below the confluence
So a bearish continuaton
Is now to be expected on
The pair after the
Potential pullback
Sell!
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SOFI is currently trading and forming a Bullish Head and Shoulders at a shared confluence zone between the log scale 1.618 and the linear scale 1.272 Fibonacci Extensions which in both cases would be the PCZ of a Bullish Butterfly; While it is possible that it could go deeper into the linear 1.414 Extension I do believe that the action we're seeing from the price...
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Based on the analysis of the 0.618 fib retracements for horizontal fib and fib...
A CONFLUENCE of TRENDLINE, PULLBACK zone and FIBONACCI retracement zone everything's stacked for a potential strong up move.
lets see whats gonna happen guys......
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LIKE or i'll take your stoploss!!!!!!!! 😆
A POWERFUL BREAKOUT just occurred on this pair at just the right place....
Confluence of Trendline + Fib zones + pullback level ....
Who's hungry? 😋
High probability guys....
Like and subscribe for more if these types of setups.......
or I'll take ur stop-loss!!!! 😂
The last two days have been highly bullish, wouldn't you agree? Just enough to get buyers off their wallets to deliver a devastating blow. Last week we successfully sold US30 for 500 pips. I expect more of the same this upcoming week.
I've Identified 5 Different Structures that give us a price cluster, at a significant market level. Details Below.
Structure...
So today i took a sell on a EURUSD and took a loss 1.1%,my entry was at 1.09761,but this pair is in overall bullish trend so i will now look for a buy as my 0.618 fib zone alignes with 0.9250,wish everybody happy and stress free trading,be free to share your thoughts in comments.
SI1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Cup and Handle, Support, Resistance, Trend Lines, Cluster, Confluence, Parallel Channels, Rectangles, Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any...
ZW1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment...
ZC1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for...
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Southwestern Energy Company is potentially Backtesting a Spring at a Harmonic 1.618/1.272 Harmonic Confluence Zone while showing Extreme Levels of Bullish Divergence on the Weekly Timeframe; If SWN performs and pivots off of this level then we could see it go up all the way to the 800 Week EMA which would give us a Potential Upside of nearly 200%
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Over the years Fib Rings have had the tendency to indicate high levels of Support and Resistance. From the recent past these 2 rings I have done there has been a slight glimpse to look into the future. Take of it that you will but the facts are in the chart. Review the major moves Bitcoin has taken over the past year (2021-...
