Technical Analysis From the beginning of May, MU has been kept in a range; however: RSI has been making higher lows where price has been retreating at the same support level. OBV is confirming the uptrend in volume within the consolidation range. These two bullet points support a bullish case for MU. Trade analysis I expect MU will try to test the...
BTC Descending triangle + Death cross MA50 cross below MA 200 , then consolidate for a little and then breakout to the downside. Not Financial Advice, Do your own DD and learn your RISK MANAGEMENT
Hello everyone, rouzwelt here This post is just a quick follow-up of my last post about Bitcoin, nothing has changed, all the technicals mentioned in the last post are still valid. We don't yet see any clear direction in the chart, in fact this week has been a boring week already, just sideways move without much volatility. I personally thought that the break...
Amazon has been consolidating for almost 10 months. Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range. It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again. Making a measured move from the last time it did this, we get a potential...
It is a common move for stocks/ETF's that have been consolidating for a long time, to make a strong move upward before consolidating again. Amazon has been consolidating for about 12 months now. Breakout is with 100% more intraday volume, than its 10-day average. Targets Target 1 is a measured move by drawing the 12-month consolidation period. Target 2 is a...
I see banks building up liquidity as they try to trap both the sellers and buyers. We have clean equal highs where both stops and orders would be resting. Trade carefully pals Rule of thumb, dont fight the institutions.
Before I proceed, check my previous Daily Post on Bitcoin to have an Overview of what we are working ON. on 4H we have seen a valid Trend-Line with Break-Out, I am a FAN of Consolidation Break-Out at Resistance and Support Zones. This Break-Out are important part of my STRATEGY. Okay, back to the chart, we have seen a break-out of the Downtrend and a retest of...
PIVOT POINTS 13339-462 * Longs above 13343 target 13417 then 13462-13581* Shorts below 13343 target 13156 then 13022- 12959 *
THIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE. DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples...
THIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE. DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples...
Possible downward move, however, caution is advised due to NFP tomorrow, Losses can be limited above the resistance level 1.1845 while on the downside it is possible to drop at least 35 pips.
Give or take EL has been consolidating since the beginning of 2021 and is now positioning itself for a nice break out. Before the official break out I do think it'll revisit the $308 to $310 area. Currently it's testing resistance and has decent volume as well. Looking at the weekly or even the monthly chart we can see a clear up trend. Final Notes: If...
Reliance give good move after brekout... wait and watch
1. Consolidation range breakout candidate, Confirmation level - 2050 on closing basis. 2. Trading near ATH levels 3. View - Bullish
Gold is on my watchlist for the coming week, as always, I focus on assets I want to trade during the week. We have seen a Major SUPPORT ZONE around February, 2020, and a retest creating a consolidation to the SUPPORT ZONE around April - May of 2020, a successful break-out seeing the price rally to the ATH in 2020 with a steady decline to the SUPPORT ZONE in...
Hello Community! Let's take a look at BTC /USD on the Daily TF. I went ahead and mapped THE NEXT MAJOR S/R zones. BTC did what's called a fake-out it dropped below the 31k support to 28ks and was quickly bought back up causing a massive hammer after a sell-off indicating a bullish move is on the way. It has already had a nice pump and based on the S/R zones...
BABA consolidation right now, and possible trend line breakout in play
... Today we witnessed the first attempt for BTC to go below, in humble opinion it is normal scenario and it should create fake signal for uptrend. I suspect that when BTC went below 30k it wiped out loads of stop losses which pushed price higher. 200 Ema should dump price in next weeks or days. Be aware that full moon is in next 4 days which is very important...