Price Action made a retest @ 650 levels and MACD started making a Higher Low Pattern formation.
MACD has started forming a Higher Low Pattern indicating a good momentum upward from here.
Stock will have to keep maintaining closes above 650 levels as it has formed a good Support Zone as of now. Any closes below this level, could only take the stock to newer...
Consolidation below 106 will last until October 2024.
Breakout will happen in October peaking at 111-112 followed by a retest (mid November 2024 - January 2025).
Further upward movement + correction will happen in January-March 2025 between the top of 113-114 and the bottom of 105-ish.
Consecutive HH and HL will be followed by rapid increase in pace of changes:...
Price Action made a retest @ 90 levels and MACD started making a Higher Low Pattern formation, which took the stock up to 50%+ profits.
Another MACD Cross is in play now at a good zone.
Ideally it should take the stock easily to its previous Swing High and possible even higher.
Stock is currently at a good buying zone. Let's see how the Price Action plays out for...
The price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price...
UNG is shown here on the 15 minute chart with text box comments showing the three trades
over 8-9 trading days yielding 25% overall first two trades short then a one day long trade at
what may be an early reversal. A pair of hull moving averages 49/140 ( multiples of 7) are used
to generate buy and sell signals in golden and death cross fashion. A dual TF RSI...
The chart speaks for itself!
Low market cap with ample room to grow!
TARGETS:
# 0.0049
# 0.012
# 0.026
# 0.044
#0.1
PLEASE consider your own risk tolerance before making any financial decisions.
Traders, I've spotted a compelling shorting opportunity on AUDCAD, presenting itself differently across various timeframes.
Specifically, the daily chart indicates a trend trading setup, showcasing the convergence of both the Bearish Shark and Bearish Crab Patterns in the same region.
My strategy involves waiting for the market to reach the 0.9000 region before...
CVS Health Corporation consistently going up with convergence on rsi scale and with good volumes .
the price can break 1st resistance after a small drop and can reach 0.6 fib levels where a sell must be initiated
Hi guys. This is a MACRO Technical Analysis on Netflix (NFLX) on the 1 Week TImeframe.
This week we have TESTED Support on the 21 EMA and the Support trendline of the UPTREND channel.
Netflix is heavily supported not only by these 2 mentioned SUPPORT lines but also a 3rd Support, the black horizontal support line as well.
Everytime we've touched the Support...
hi there ,
convergence simply its mean that the trend its not finished yet not matter its down of up trend but in this case we have a down trend with convergence supportation,
price convergence its support the continuation of downtrend , i,m afraid this up wave its a bull trap and later price will continue down ,
thanks
Hi
EURAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed...
❤️ Show me some love! This is my first post on TV since joining 6 years ago! ❤️
BTCUSDis trending downwards, but the momentum indicator is trending upwards.
This pattern suggests that BTCUSD may be poised for a reversal, with the price potentially increasing intraday (and for the coming week). To confirm the bullish divergence pattern, we can see that the...
Additional notes:
upcoming halving
Strong bullish outlook for weekly long-term perspective. Bullish tendency short term (view follow up)
This information is by no means financial advise, you trade at your own risk, I am in no way responsible for your actions, seek professional advise from licensed financial experts!
As you can clearly see on the chart, the AAPL price has been bouncing back-and-forth between 2 lines (“support” & “resistance”) dating all the way back to 1981!
However, with these 2 lines quickly approaching a point of convergence as the AAPL price approaches a new ATH, something’s gotta give.
And so I ask - what happens next?
It's not Deja Vu that brings us back here.
It certainly feels like Ground Hog day in the markets every time Jerome Powell speaks.
All the Trend Lines and Moving Averages Converge for the next FOMC meeting.
Bond Bears are calling this latest move in markets as a mistake to price in 2 rate cuts in 2023.
The game has changed in the past year.
In fact, It's...
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Afternoon ladies and gentlemen 👋😃
Let's check an SPX today🧐.
But I'd like to show you a local pattern. It can push the price higher because the last Lower Low has higher numbers at the RSI indicator.
It calls a convergence. I don't expect any powerful growth from this place but It's a...
ROKU double topped on November 14 and December 2 and then dropped in a downtrend
until 12/28 and reversed. The mid Fib levels of the retracement a drawn onto the chart
are being approached.
I look for ROKU to bounce down off the Fib Level at 52. 2 and drop to approach the SMA 200 ( Red Line)
after first crossing under the SMA 100 ( Blue Line ) and then...
