Price has been moving in a tight range
near the weekly trend line area.
It is now forming a head & shoulder pattern
which increases the possibility of it going to the downside!
We want to see the price breaking below
the neckline for confirmation as the movement
of USD for the past few days is pretty wild.
This level is the projected profit target
Cool rally from lows yesterday after AMZN found support at 3080-ish. My previous belief that support would hold at 3105 was shattered by that tech sell-off. Are we going to continue selling-off on tech after this bullish day? Who knows, but lots of press on Bezos, a record ER beat, and ATH's in recent history makes me believe if NQ stays bullish AMZN will run....
Currently, the price for GBPUSD is at the
weekly trend line resistance area.
This means that potential retracement to
the downside is highly possible.
However, we must understand that the price
is still bullish at the moment,
consolidating in a range.
2 areas have been marked out which are
key areas to look out for.
If the price is not able to break to...
This is how I use AVERAGE TRUE RANGE (ATR) according to my limited perspective, which in no way I could claim to be the only one.
Please be aware:
This is for educational purposes only, without any consideration on precission or accuracy.
This is how I use AVERAGE TRUE RANGE (ATR) according to my limited perspective, which in no way I could claim...
Hey Traders, decided to make an informative post trading with the Parabolic Stop And Reverse Indicator. I will be only referring to bullish instances for the Parabolic SAR. For this example, I will be using the Daily Time-frame on BTC/USD. First & foremost, I use Parabolics to indicate the direction of the pair i'm trading. It also helps in finding great...
Hi guys , you already know the Newscrypto project
Now NWCBTC formed a bullish triangle with a potential break up to 1.272 and 1.618 level Fibonacci
July 28 is the partnership disclosure day at Newscrypto
Newscrypto will reveal collaboration with finance industry giant that recently confirmed...
I am seeing the range at which AMZN trades consolidate and trade above the 50% on the Fibonacci retracement. The last week, AMZN has bounced up from 3105-3110 range with little difficulty. I have seen speculation as to whether we have had a cup n handle form and that I am not sure about, but the curved line below recent price movement within the ascending...
I'm going to explain something interesting, which I deduced from my quantum analysis. US economy is the STRONGEST in all-time. Now, you wonder, why does it allow gold to go so high? Probably to improve imports and exports in the fall of the dollar.
The economy must have equilibrium, if it does not have it, it fails seriously. Fibonacci itself, that's what it...
Citron following intraday trading strategy idea
Rosetta Stone Inc., together with its subsidiaries, provides technology-based learning products in the United States and internationally.
The share price is rising and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks higher than the...
Hello friends, make sure to hit the like/follow button to show support on my analysis. If you have followed along Gold has respected my previous analysis. We went from 1800 all the way to 2075, planning accordingly to exit and not get into stop hunts with either trailed Stop loss or hedging positions.
According wit confluence zones along other methods golds has...
What is Distribution?
As with accumulation, distribution is a very specific process, simply put it is the process of distributing (selling) an asset at the desired (best) price over a time period. This is the direct opposite of accumulation where the market participants are looking to secure an asset at the lowest possible cost.
Typically we see periods of...
Hello friends, make sure to hit the like/follow button to show support on my analysis and check my previous ones . If you have followed me you may notice I only post Gold trading ideas. Well I started studying pair correlation along my journey with gold and it has been a rewarding experience.
There are many pairs that you can compare and contrast with gold: ...