Price have been moving in a slightly bearish channel since March, here it formed an ABCD pattern and broke out. Price then tested a bearish trendline and fell back into the channel again.
On the weekly, price have been moving in a massive flag formation with a minimum target at 4.77 dollars if it breaks out bullish. This flag formation has just been broken to the...
The GOLD perpetual futures contract just made a new daily high, which exceeds the daily highs of the last several days prior. Chart displayed shows daily low and high, range of highs and lows for past days, trend using last 3 pivots, money flow, volume accumulation percentage indicator, and bull/bear power.
Day traders may wish to look for an opportunity to short...
I am looking for a possible retest of the daily structure to the low side on GBPUSD for the week it broke channel formation which usually means it will create a final low to make a push up and then continue with market structure to the low side
Due to contraction are being at the the low point with no test of the high low zone it should expand to the low side and start its move up throughout the day meaning gbp could possibly be moving to the upside
I`m currently waiting for the FED to give the market more fundamental impulses.
Looking at USD/CHF we can see that price is not really trendy, instead volatile within a cotnraction and weekly support-range.
As mentioned before in my NZD/USD analysis, we need to see how the market reacts to a potential tapering.
In case of a hawkish turn,...
130 years ago the USA became the world largest economy, and roughly 60 years ago they were the most far ahead. Today their lead is the smallest it has been in generations. Also, the share of the world GDP that the west makes keeps getting smaller. On top of that the US is pulling out of Afghanistan and reducing their world presence if I got that correctly, and...
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If Cardano sees the same success that Binance Smart Chain did after launching smart contracts in September 2020, we could see a similar move in Carddano. BNB pumped 3,300% after launching smart contracts. When the Alonzo fork launches towards the end of August and all these projects are building (they are already waiting) on Cardano the ecosystem has the potential...
A number of reports have been released in recent weeks that hint at travel becoming red hot as the world pulls out of the covid crisis. With 50% of US adults now vaccinated expect people to use those stimulus checks to book trips and travel. We've all been pent up inside. This is one of the trades I am most excited about For June - August. My personal...
ADABUSD 1D Wyckoff Distribution Schematic #1
I have been waiting for a loooong period for this time!
Cardano is looking incredibly strong and after a long consolidation period we can see a very strong push towards a new ATH.
My current idea is that Cardano is currently in Phase C of the Wyckoff distribution schematic #1 executing the UTAD test . You can...
First Thing You Need to Know Here Is That All The Strategies in the world are only successful if you can exercise the patience required. Sitting Tight Is the most important skill not reading charts.
I Went Long In Balamines on 26th October 2020 Basis A Weekly Inside Bar Breakout. The Stock Was In A Strong Uptrend Before This And Had Taken A Pause Between August...
measuring the thrust of the triangle we can project an upside target for the bitcoin at 72000 levels for the medium term
Once the Wave-E ends, we can see an upside thrust for wave-5
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This is kind of volatility contraction pattern (VCP) is actually pretty rare in crypto. It usually only happens at the very lows of charts, and most breakouts after that run up in to the breakout and never offer a good opportunity.
If this is correct, DUSK should be going much, much higher.