6 week accumulation and a large range expansion last week, 23.98% drop anticipated based on the range withing the accumulation. I bought $31 strike puts, apr 8 expiration.
All indicators I'm using are screaming at me right now, telling me this chart is bullish. Before we start, it seems the chart is currently consolidating at a major area of support. Bullish. First, lets start off with the RSI divergence. It is marked with white trend lines. You can see that the RSI shows greater and greater strength while the chart is...
POSSIBLE SELL on AUD USD,, Looking for SWING ENTRY...
Hello Reader 👋 Currently learning the Wykoff method to further confirm my analysis on Solana.... I am still learning this but all you have to know is that we are at the bottom of a consolidation.. or in Wykoff terms we are in a "accumulation phase " which could lead to a break out towards the upside i labeled everything on the chart for an easy read. i am...
Good morning reader 👋 Here is my analysis on the current consolidation phase we are in with SOLANA. i labeled everything on the chart for an easy read. i am just getting familiar with the Wykoff method so this is just my interpretation and could have mislabeled some areas so feel free to express your thoughts in the comments below or give a like if you agree.
Matic also has made its consolidation zone and we just need a break to enter on fib 0.5 or 0.618 ... -Good luck-
Weekly Time-frame Weekend dump in. Greed & Fear index is in Extreme Fear (22). We can expect more to the upside from this Extreme Fear. Liquidations reach 242M for the long position which is significantly bullish. We might not expect much movement this weekend as stock markets are close. But we would most likely see pumping in the coming days ahead. 1D...
Last Week was Bullish Hopefully this week will be BULLISH too. I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again. I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns. Then we have some OrderBlocks that manages to break 3 4hours...
Hi all. I am sorry I haven't been able to post any analysis of sort lately. But if you are a maintainig a BULLISH BIAS on the Mother of Crypto I am looking @ some specific price point to get involve. My BIAS to go long is looking @ an ORDERBLOCK on 1hr that leads to a massive explosion and break of couple of 4hour Break of Structure according to the...
USDJPY is almost in consolidation area. we need this breakout , then entry on fib 0.5 or 0.618 might be great!
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The price of gold is consolidating in a range between the 23.6% Fibonacci retracement level at 1922.32 and 38.2% Fibonacci at 1890.01, as peace talks are threatened by Russia's intensified aggression . Depending on how the peace talks develop next, a breakout above the 23.6 per cent Fibonacci may be attempted, though this is then likely to be followed by a...
No breakout here but something to monitor, weekly and monthly charts accumulating with potential breakouts coming. Watch for range expansions next week and also in March on the monthly chart.
Expecting a bullish move at the end of this consolidation to test the all time highs. Key Factors -- Key support is being tested now. -- A push to get more sell side liquidity from the "Whales" could see a spike down to the 39k area. -- A more gentle accumulation would be in the mid 40s (433 - 47k) Range. -- There is divergence appearing on the RSI. Implying...
Demand for the pound rose today following the publication of better-than-expected services PMI data in the UK for February. This prompted a breakout above the upper limit of the consolidation range. The range spans between the 61.8 per cent Fibonacci retracement level at 1.35999 and 38.2 per cent Fibonacci at 1.35077. The next target for the reinvigorated...
Ford Motor Company F Areas of interest: Consolidation: 1) $19-20.50 2) 17.52-18.59 Breakup at $21.50 Breakdown at $16.49 Recent overhead gap between $18.46-19.89 Reversal candles seem to be appearing in the lower consolidation zone (2) on the 3 day chart - almost looking like an inverted hammer but not enough wick to truly label them as such. ...
USD has been consolidating for a couple days now. There’s been a breakout out of that zone with a possible retest before it shoots down. I believe USD will go short.
It appears that GBP/JPY is in a very interesting situation. From one perspective, price is approaching both major resistance and a major trendline which signals a potential bearish entry. However, in a different perspective, price now has the opportunity to have a major bullish breakout being that bearish price action has weakened throughout the months and no...