If the price keeps on going up then this zone could be a good one for trading.
Next key levels if the price keeps on going up. In paralell the Bitcoin is trying to get above its H1 Ichimoku cloud.
Bearish Indications (BIASED SHORT) 1. Bearish Flag Formation and it breaks its support line as well 2. BXY is in a Bearish/Sideways Trend 3. JXY is in Bullish Trend 4. Broken flag support trend line Bullish Indications 1. Currently Price is at its major support level in Higher TFs Neutral Indications 1. No divergence was found as RSI and the chart is in sync
Bullish Indications 1. Higher Highs and Lows 2. 8 out of 12 years December remains bullish 3. Trend is bullish on 1D TF Bearish Indications 1. Shooting Start at Higher High 2. Broken Trendline 3. Bearish Divergence on 4H and 1D 4. Price is exactly bounced back from the previous rally LH 5. Trend is mature enough Seasonal Data Dec 10 => Green Dec 11 => Red Dec 12...
Bearish Indications 1. Trend is Mature Enough 2. Bearish Engulfing 3. Retest Resistance Level 4. Bearish ABCD Pattern 5. Bearish Divergence Bullish Indications 1. Dow Theory Higher Highs and Lows 2. If it breaks the resistance it will continue its rally 3. According to seasonal data silver remains bullish in December
Bullish Indications 1. Higher Highs and Lows 2. Tweezer Bottom and Bullish Engulfing on HL 3. Break 0.5 fib support level 4. Break Upper Resistance Trendline 5. Formation of Bullish Flag 6.12 out of 16 years December remains bullish 7. Trend is not mature enough to make it a reversal Seasonal Data for the Past 15-16 Years Dec-06 => Green Dec-07 => Green Dec-08 =>...
The break out of an inverse cup and handle pattern as well as formation of lower highs is a strong indication for continuation of bearish rally uptill 133 resistance level. Sellers are advised to watch for a bearish closing of this hour before going short in this stock.
Price has been trapped in a rangy market for quite some time, but as it can be seen finally managed to break the consolidation area to the downside which means more downside move can be followed. this kind of formation base on DOW theory area called line formation and by the way they are considered as very important when they break to the one side. As it can be...
Sideway, a day trader, sees money take money. Swing trader, wait and see.
I am taking a long position in NZDUSD due to the formation of an inverse head and shoulder pattern as we saw in the chart it also broke the resistance trend line as well as break the neckline so we have confirmation of the pump equal to the length from the head to the neckline The Head and shoulder is a reversal pattern so it can change the trend also from bullish...
I am taking a long position in USDCAD as we saw it recently form a cup and handle pattern which is a continuation pattern. As we saw previously there is a bullish trend before the cup and handle pattern so we expect it to continue after the formation of the pattern. As we have seen how beautifully it is going up the same length from the middle of the cup after the...
I am taking a long position in LINKUSDT because at a higher low it creates a bullish hammer after red candles as well as it tests its 0.236 fib level Let's see what happens next
I am taking a long position at USDCHF because after a bearish trend/rally it moves sideways in a range. After testing support multiple times it will hopefully be going in an upward direction as well as it has a good resistance level at 0.236 fib level Let's see what happens
According to my technical analysis, It is forming an ascending parallel channel by creating a bullish Rally. According to the DOW Theory, it is forming Higher Highs and Higher Lows. When I pick a trade it is already creating a new High and it needs to be retraced back to create a new Higher Low. If we see the previous Higher High then it also creates a Shooting...
I am taking a long position in the Gold pair because it created a new Higher Low (HL) after Higher High (HH) also according to the fib tool it takes a retracement of 0.236 level. It also makes an AB=CD Harmonic Pattern so hopefully, it will make a new Higher High (HH) by creating a CD Pattern with the same length as AB It also creates an Elliot Wave Cycle as a 0...
As it failed to break the resistance (0.5 Fib level) and was rejected its the perfect time to enter for short also according to Dow Theory its still in bearish trend , CandleStick pattern also adds up to it.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
RE- DISTIBUTION PHASE ???? My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all