BMO has broken down a previous Demand Line and Confirmed it as a present Supply Line. I am now looking for BMO to break below the 200-week Simple Moving average; upon doing that, there will be nothing left for BMO to hold on to and should take it down to about $43.
USDNOK is sitting at the Demand Line of an Overall Bearish Ascending Broadening Wedge Pattern that happens to align with the 1.272-1.618 PCZ of a Bullish Butterfly; along with that, we have PPO Confirmation, RSI BAMM, and a MACD Bullish Crossing. Given the scenario, I can see this trying to retrace up 50-88.6% of the Harmonic Range before coming back down and...
Bitcoin sold of very sharply last weekend following the overall "omicron panic" in the markets.
The selloff absolutely smashed the demand line, that defined the whole rallye since the July lows.
After a little recovery rallye, we perfectly tested that old demand line yesterday and confirmed it as new support.
That is a pretty bearish signal, now the bears can...
At the moment, we see some bigger selling pressure on Bitcoin and the whole crypto market.
But, is this really a problem, or maybe just the last wash out of weak hands and leverage before we actually start to move up even higher?
First of all, Bitcoin is very well known for corrections of around 20-30%, that's literally needed to work off those massive and...
The S&P500 broke back into its price channel that startet on 30th october 2020
and is about to backtest that old demand line, if it is support again.
If market bounces off of it, we might be up for a wild rallye to the upper end of the channel.
If we fall below it, watch the 4.550 level for support.
$PLTR is at a critical level here, basically hitting the IPO demand line without making a higher high before.
That demand line better holds, so PLTR continues to make higher lows,
if it breaks, look for support at the .618 retrace at around 22.50$
Below that, we have a little bit of history in the chart at around 21$ and the psychological support at 20$.
If we...
This clip shares how to use yesterdays high level as a key resistance in M15 time frame of EURUSD graph. Double Tops or M pattern often form at yesterdays's high level.
