QQQ vs IWM? In some ways, it’s the big debate of 2021. Will traders stick with megacap growth stocks, or ride fast-moving small caps as the economy reopens? Or will they simply rotate between the two, guided by events and price action? Right now could be a time when a flip is taking effect again. This chart shows relative strength of the Russell 2000 Small Cap...
After giving out this signal, i expected price to break below 33000 but it simply couldn't, rather it bounced off a fib zone and retraced back to the upside. After the currenct consolidation is complete, i wil send out a signal for the next possible move BTC's gonna take.
Check my previous signal post below , go through it and make sure you understand the reason behind my Short long (long sell) idea. Insert the Bollinger Band indicator into your chart and in H1, you'll notice that just as the bands contracted around 153.950-154.120-ish, it started expanding when price started impulsively bullishing to 156+. You'll also notice in...
Trading against the trend isn't my style but i believe this idea has garnered enough traction to make GBPJPY a possible sell all the way back to the 154 level which when price gets there, could keep bearishing to 153. Once the trendline that's acting as the support gets really broken, price should begin it's move down. #forex #forextrading #forexmarket #forex...
After that sweet head&shoulders was complete, price was supposed to fall 4000pips down to 33278 or thereabout but rather, it went only 800pips which means if it cannot complete the bearish move, there's a possibility that it's likely to reverse back up and after it breaks the support at $37400, it will go all the way to $4000+. Parameters for BITCOIN Pair:...
🚀EUR_USD is trading in a rising wedge And has hit a strong horizontal resistance After that, the growth has stalled And now the pair is retesting the support confluence Of the rising wedge support and the horizontal support levels Thus, there is a chance that we will see a rebound And a retest of the resistance above And while this trade seems risky, as...
*NOT FINANCIAL ADVICE: DYOR - This idea is IMO personal use only* ========================================================= An update from my last chart dated 25th May: Excellent news announced a few hours ago on the passing of Nebraska Bill, meaning that a cryptocurrency & digital asset bank framework now signed into law. We saw that breakout from recent...
Bitcoin is already halfway through our analysis which will confirm the inverse Head&Shoulders pattern i wrote about in my previous analysis. Once the bearish move to form one part of the right shoulder is complete, the bullish move should commence almost immediately because the bulls are waiting to push price above $40,000 which they will accomplish right after...
🏛DOGE_USD fell by about 70% from all time high And we are seeing a rebound from the horizontal support One might also see a rising support line Which confluences with the horizontal one Thus,I think that after some accumulation We will see a breakout of the falling resistance And a move upwards towards higher supply areas LONG🚀 ✅Like and subscribe to...
A little insight on the Inverse head and Shoulders An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following...
After price bounces off the 0.382 fibonacci confluence zone, it should head all the way up to 155+ which will surpass our previous idea that also went all the way to 154,660 from 153.750. I am Long long (a long buy).
Bitcoin opened today @35201.60 with a gap up from the Saturday close @33035.15 and has traded up into a 32.8 ER / 32.8 App confluence area. Bullish Scenario Should price build momentum and trade above the 32.8 ER / 32.8 App confluence area, the next target area would be a break and retest of the Daily Bearish Trendline and then a continuation to target liquidity...
Reading price, we can see we have been on an uptrend with impulses in our favored direction. The last few candle closures have shown strong wick rejections to the downside. If price manages to maintain above this new support zone, we can anticipate price to reach 1.59000. However, if price breaks support, we must reevaluate price action. Due to the uncertainty of...
Reading price, we can see that EURUSD is on an uptrend with strong shifts in momentum in our potential direction. Price has cleared previous swing highs and is testing as new swing longs with a double bottom and rejection and key psychological areas. If price holds above this zone look for longs to 1.23000. If price breaks, we must reevaluate price action. Due to...
Gold has been in a Bearish Descending Channel since August 2020 after it hit the $2070 price mark. Price formed a Double Bottom in March at the 1680 Price Area and since then, Gold has been moving in an Ascending Channel since 20th March 2021, with the Black Uptrend line in the Chart acting as support. Gold has broken out of the Descending Channel and is heading...
🏛BTC_USD broke the key level 1 And fell sharply to retest key level 2 From where we saw an impressive recovery Back to the key level 1 which now acts as resistance Which confluences with the falling resistance line Which makes me bearish, and I think BTC will continue falling To around 34.700 as a first target! SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Price is going to touch the confluence zone in order to form one part of the inverse right shoulder before we long price to the moon. Let me explain what the head and shoulder pattern entail and how to trade it.. THE HEAD AND SHOULDERS PATTERN A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are...
At first glance this might seem like quite confusing, let's break it down for you! We have several key levels in price marked on the chart. We have identified the 1.40, 1.41 and 1.42 key psychological whole levels. We have a Fibonacci drawn to highlight a potential long entry. Drawn from the swing low to the swing high, you can see the potential long entry has...