QQQ past breakouts above shows it was false by selling off in a massive way with strong volume
Failed to hold above new support downward trend
Failed to hold above major horizontal support line
closed with hammer candle on high volume. This last item we dont expect to be a major turned around point back to bull. It should just be rise back up horizontal...
SPY Today pulled back much further than anticipated after the volume price exhaustion on Friday close. We have now broken below key support and into bearish territory
A pullback was expected today due to volume spike on friday close during a rally
Sell off proved to be more severe and broke below key support
Final trading period gave strong hammer candle...
USDJPY 1H local trend might start pushing down alongside with the strong down-trend at higher timeframes, after the green 1H supply zone has been reached today.
For that to happen, we need a downward confirmation signal Break of Structure(BOS) to emerge first, which is at level 144.229. Two rough scenarios have been drawn on the chart, we need to be...
GBPCHF is currently making lower lows, signalling a bearish trend. It recently hit the 50% retracement level on the daily timeframe and is now approaching significant resistance around 1.12500, near the upper edge of the channel. The price has been consolidating since April but has since broken out of that range. The market is now pulling back to retest the lower...
Welcome to another analysis, where I dive into the latest developments with BTC and explore the potential paths ahead.
I'm becoming increasingly bearish on BTC following the confirmation of a "Death Cross," where the 20- and 50-day moving averages have crossed below the 200-day moving average. This pattern is often seen as a strong indicator of a bearish reversal...
✅GBP_CHF keeps trading
In a downtrend and the pair
Made a retest of the horizontal
Resistance level of 1.0916 and
We are already seeing a
Bearish reaction so we will
Be expecting a further
Bearish continuation
SHORT🔥
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Throughout all of social media and YouTube I've been seeing many people panicking if weather or not we have topped and should start selling. One thing that I've learned predicting mayor world events is to: always play it on the safe side when dealing with uncertainty. Instead of shorting the market, I prefer reducing my exposure, as short trades are extremely...
It's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading.
We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it..
Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target...
Hello,Traders!
AUD-USD is trading in a
Downtrend and the pair
Is consolidating beneath
The horizontal key level
Of 0.6580 so we are
Bearish biased and we
Will be expecting a
Further move down
Sell!
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Check out other forecasts below too!
Time will tell but it appears an almost 20-year downtrend/basing period has been broken. The breakout occurred with significant volume which makes it more likely to be genuine. Of course an initial shakeout/head fake could follow (and I may not have the trend line exactly right, tried to place it where there were the most hits, but a few times that resulted in...
Current Situation:
The USDCHF is exhibiting a downtrend on the hourly chart. Recently, the pair has rebounded and is now approaching a critical area where the downtrend trendline intersects with the resistance level at 0.88800. This confluence of resistance factors could present a strong selling force, potentially halting the current rebound.
Technical...
GBP/USD is currently in a downtrend, making lower lows and lower highs.
To execute our sell order, we need to see a break and retest pattern on the lower timeframe.
Hi, this is roadmap of dow jones that describe that price can raise t ~ 41016 which can touch
~41120 by shadow. after that the price will prepare for bearish trend and create a very nice trigger area for short position by an excellent R/R.
GOOD LUCK
DJT, the Trump media company, had a massive run up after the DWAC merger only to fade and
fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in
meme fashion but is now falling as fundamentals come to light. In five months the namesake
will be able to sell if there is any remaining value. In the meanwhile, the board will...
This is my idea on the market currently , had a losing trade this morning, then hope in on a 1:3 RR trade that went smooth, and as we are confirming the downtrend continuation we can trend the correction and then go into the continuation from the last FVG on 5min.
I am not taking these trades marked but I want to check if the strategy is working outside of the...
AUDCAD just broke the trendline now in a phase where possibilities are retest of trendline. High Probability that the uptrend will change in to Down trend.
✅EUR_GBP is trading in a
Downtrend and the pair
Is trying to break another
Key horizontal level of 0.8412
So IF the breakout is confirmed
Then we will be expecting a
Further move down
SHORT🔥
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Waiting for a monthly close above the 8-year downtrend line to get in. The chart is pretty messy but many other signals are converging around that area (200-month EMA, 50-month EMA, .382 Fib). Price had a false breakout early in the downtrend based on the trendline I drew but I drew it where it is because it had many hits along this line. If price breaks out...
