In the 30m chart, price is in a contracting triangle. Momentarily fell to a support and came back up. In the daily, price has broken from a channel and in the weekly, entering into another channel. I expect continuation to male a (d) wave in a contracting triangle of a Wave 4 on the weekly. The d-leg of a Wave 4 is counter trend and make an ABC form. Price is...
Hey Traders, Today I wanted to run through Australian dollar and New Zealand dollar trade idea. My whole thought process and how it's currently planning out. Then, what opportunity I can see forming to potentially give us around a 70 Pip profit trade, if not further, heading up for the 200 pip mark. Keep an eye on it and let me know what you think. First thing...
NVDA should hit a price of 182 on or before March 21st - if this level does not hold, it should continue down near the 160 range. The Volume and On Balance Volume helps confirm this. As far as patterns go, NVDA seems to be at the top of a strong channel, and has plenty of room to descent. I will be looking for puts on NVDA in the coming days.
NIO will be at 14.50 give or take .50 on or by March 16. The On Balance Volume shows strong selling pressure on NIO, with a clear downtrend channel. Couple these technical facts with the FED rate hike in one week, and earnings approaching (which I predict to be less than pleasant, given the Geo-Political and economic climate the past two months) NIO will have a...
AUDUSD may of just signaled that it is ready to start heading lower again. If we pullback into the recent highs, I will be looking to go short upon an entry signal.
I have a price target of 210 for NVDA on or by Tuesday, March 8th. The On Balance Volume indicator is showing a hidden bearish divergence on the chart, with weakening bearish momentum. With current geo-political events continuing to escalate, I see it becoming harder for NVDA to break its resistances. Couple this, with recent hacking attempts on NVDAs networks -...
SPY should hit 422 on or by March 8th. Indicators show that Bullish momentum is growing weaker, while the On Balance Volume shows struggle in SPY going any higher. With surging oil prices, and an escalating War in Europe, I think SPY will have a harder and harder time breaking through it's resistances. We also have the FEDs rate hike in March, and with new talks...
Last Week was Bullish Hopefully this week will be BULLISH too. I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again. I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns. Then we have some OrderBlocks that manages to break 3 4hours...
SPY is currently in a larger, but similar pattern to the one it completed about two weeks ago. It appears like a slanted W, and is caused by short sellers taking profit, but bulls not having enough momentum to create a higher high. Just like the previous (yellow) pattern, price did complete a very slight higher high (0.5% both times) and should now reject. The...
NVDA slowly creeped up on Wednesday, March 2nd, with little volume (a sign of weak momentum) and closed the day with an impressive selloff - leaving price below the 15m 9ema. NVDA has two options tomorrow the way I see it. The first and most likely, is price drops to 232 and possibly even tests 226. This is will depend largely on the open tomorrow, and whether...
Price starting to reject from the level of support highlighted. This is to be expected but if the bears are truly in control we should see a nice short run come in play.
Seeing strong momentum coming into the markets this morning. Want to see a continuation of this bearish pressure as we come into this interim level on the M15 timeframe. EUR/USD has just approached a key level of support on the M15 too. If we see price break this level GBP/USD should follow suit and we could see a further run for the bears.
BTC has failed many times now to breach above $45K…>last chance to make a major move is NOW. Next 2-3 Days will be huge deciding moment. Here are my bullish projections: Consolidate lower to $41K - $40K area BLASTOFF to $47K —> $46K new resistance If Retest Confirms…..Bullish to $52K —> $60K —> $70K —> $100K If Retest Fails….Bearish to $28K - $20K I will be...
After potentially retesting 227, I see FEDEX approaching the bottom of this wedge (and a soft channel), and falling through - causing the price to reach 190/ 185 by the end of March or early April.
I am visiting the charts on the hunt for tickets to the LUNA/UMA moon.
Good morning traders, were back! Been a pretty slow week so far only managing to capitalise off partials while price has been trapped within a range on the H4. We have seen GBP start to explode out of consolidation yesterday morning. Are we going to continue this bullish momentum to set lower lows, let me know your thoughts below.
HEYY it's me again i hope you're doing great for today's analysis i want to let you know that the sand is a good project i am absolutely a big fan of it and il waiting with patince for the best entry point . as you can see in the chart i used the fib retracement to see how much did it lost from the las uptrend rally . and as you can see it lost already 60% of it's...
hello guys for this little analysis i made i used the fib retracement this is for long term holding not for scalping i used the one day frame as you can see the price is at the golden area 0.6 . it mean the price already lost 60% from the last ath ; it a very good entry point but the market is still messy no one knows where we're heading . i also used the rsi and...