SP for now unchanged from the main analysis. Still the target is 2700-2000 with an emphasis on around 2000. I see the current increases as a correction in the downtrend. I currently have four stop levels: Now, 3940, which is the old range of wave N, largest wave in the entire decline; 4040 – the second range of wave N of the current increases; 4137 – KIJUN...
Good day friends... spotting reluctance has really helped my understanding. From avoiding being caught in the wrong direction to forecasting, to setting targets....spotting reluctance just puts probability on our side... isn't that what we want as traders? to put probability on our side? So you may ask, how do we spot reluctance... going back to this UKOIL chart,...
In the daily chart we see an "inverted hammer" candle pattern which should be considered as a bearish sign for the chart. Moreover the chart was on a bearish rally and it has consolidated its previous downtrend more than 50%. So we go for a lower time frame which is 1 hour and we look for down trend. If we look propper we will see a head and shoulder chart pattern...
Dear Traders, I see an Obvious Descending Triangle on the daily. Please watch out for breaks in structure (BOS) though.
As there is clear Head and shoulder pattern formation its a signal of bearish move lets wait for breakout and retest as there are High chances of aggressive selling after breakout lets wait and watch,whats next for NZDUSD. Trade safely and let me know your views on this in Comments.
Price went down as expected the last time. It created new lower low and lower high. It is possible to see bearish continuation.
Selling Set up for down After good Recovery on daily chart. dow are tend to go bullish for 1 week. between that upside move, price are looks bearish in 1 hour chart. trend is down on 15min which is good indication for selling. On Execution time frame(5Min) good zone Are there. That's why shorting is goo till 31373
Wating for structure breakout downside for short selling opportunity. Trade safely my Friends and let me know your opinion on this idea in comments.
AS THERE IS CLEAR SUPPORT OUT THERE JUST WAIT FOR VAILD BREAKOUT AND RETEST. We can see a good sell of after breakout
Whilst I believe gold is still going to drop... I believe we need to pay attention to price action for possible retracement or reversal. I am still going short tho but trading risk-free. Regards
Short Call! TVC:USOIL USOIL is in a good downtrend! Respecting the trend line multiple times!
Hello My Fellow Traders GBPUSD has been in a down trending market for a couple of months so technically observed and analyzed it has a high probability of continuing in its rally as observed in a 4hr chart it has rejected a minor resistance and there is a pin bar candle that signals the change in market direction as the price have been down trending in a 1hr...
I'd not be surprised to see GOOGL go lower on earnings, towards the $100 zone. Today's action after split wasn't the best considering the most growth stocks were green.
hello my Friend. In this analysis, I will give you an idea of Ethereum movement .Based on the original movement of the market, we have a small upward movement (correction of the downward movement in the high time). After finishing the correction, we will have a downward movement to around 500-600 dollars
As its clear structure breakout plus retest lets check for more rally Downside in lower timeframe
We're about to break the triangle to the upside or head lower again. We have some gaps to fill on the upside and also in case the 10 and 20DMA crosses the 50DMA, that could be a confirmation of a medium uptrend. Let's see this week and next week - earnings season.
✅AUD_USD is going up now But a strong resistance level is ahead Thus I am expecting a pullback And a move down towards the target SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-USD is trading in a downtrend Below a falling resistance So I think that after the retest We will see a move down Towards the target below Buy! Like, comment and subscribe to boost your trading! See other ideas below too!