Yesterday's choppiness & market direction indecision in the tech sector can be summarized by this DOJI candle on the APPLE daily chart formed off the 200 day MA and closed just above the 21 EMA. Possible reversal to retest and break $150: LONG. Level of support of 146.75 area, break below: SHORT
Hello Traders, AUD.NZD daily seems to be forming a rising wedge. Usually when there's a rising wedge, price seems to break to the downside. I'm definitely watching this pair to see where price will break! What do you think about this chart? Do you think it will break to the downside? thoughts? Have a great day! Samantha
Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $1636, if the support is broken then the next support is $1603, $1569 and $1522. Now let's go from the resistance line, as you...
This is just An IDEA . In USDJPY DAILY Timeframe have ABCD BEARISH Pattern Blue Rectangle and Blue line are ZONE, Accepted after saw a RED candle below of Blue rectangle, GREEN LINES are Targets for TP. Have GREAT DAYS IN week.
After Top- Down analysis i'm looking for EU to move to the upside. This is not trading advice or a signal! The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions.
As the MACD is showing us we came across a "cross of death" also known as the position when sellers overpower the buyers. As we take a look at the market on the daily chart we can see that BTC is retracing probably retesting the local support which is situated at 21.5k in the following month we will get a new oportunity to buy the current dip and stack on the most...
Hello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $22772, if the support is broken then the next support is $22535 and $22335. Now let's move to the resistance line, as you can...
Silver hit the first inv h&s breakout target (not shown here) back on november 13th and is now about to hit the second one (dotted yellow line). I will post a link to the previous silver chart idea so you can see how that purple inverse head and shoulder pattern played out. *not financial advice*
On Wednesday, TMUS reports its quarterly earnings. The last earnings report saw a gap on the surprise earnings, but overall the price did not do much. TMUS's price has remained rangebound between the high and low of the previous earnings week. Looking at the earnings estimate, analysts are predicting an increase in earnings from the prior quarter and the same...
Personally I'm bullish GBPUSD, looking at the first level to be taken out and expecting a retracement to then push to new yearly highs. ** Please Zoom In a bit **
Sell based off daily supply zone at 81.40. 3.1 Risk to Reward Trade. Almost to target at 80.8, Will secure positions and Move SL
The chart is self-explanatory, we will go up for the next few days at least, maybe a few weeks?
Here we can the daily chart of "ADAUSDT" it has a trendline RESISTANCE at "0.3473" and a HORIZONTAL SUPPORT at "0.2991". The candle is trying to break the resistance zone with high volume and here we can look for a long opportunity at the zone of "0.3473" and expect price at its major resiatance at "0.4296" with a stoploss at "0.3364". And if its takes rejection...
It is clearly shown that BTC stuck in a range box and the trend is bearish, it may takes about 25 days to understand changes in trend. This month would be tiring 😉
Below 200 with sell volume rising. Attempt to break up failed.
Double bottom on the daily chart. Recent cross over the 200 day MA, potential reversal. Cup & Handle forming. MACD Crossover. Small caps took the worst beating in 2022. 2023 rebound?
See chart. Could take out the SL but that 21.40 is where mine would be. This is for demo purposes only. NOT A TRADE CALL - wkly blocks if buyers step in this is a good place. I would look for a TRUE ENTRY on the lower TFs for better entry point - 60/15 are the bread and butter for a FVG setup to form and give the signal. I will trade this with paper only.. do...
As a student of SMC trading, I've spotted a text book H&S on USDJPY pair on the Daily timeframe, before that market had already formed a divergence. It might be a change of trend for USDJPY Do drop your thoughts down below, based on USDJPY