Traders, silver (xagusd) has been inside a consolidation zone for a long time and after all those up and downs, it started to look very bearish. If the current support levels is broken, we are looking at a possible M pattern formation (along with an ugly head and shoulders pattern) which can push the price down to possible targets as shown. Usually silver follows...
Traders, I have writing to you about DXY rising to 95/96 levels since the last year when nearly everyone and media have been bearish on it. DXY now has Weekly SMA in sight. It can take little breaks along the way but it seems to have fund good strength. If it continues to maintain this strength then, it will reach that 200 sma . In fast due to formation of the W...
Traders & Investors, SnP500 is standing at a critical level and is hanging by a thread. If this trend line is broken, there will be a danger of overall longer term wedge pattern to be broken too. 200 SMA is well below nearly 8% below the current levels. So watch out for stocks such as Google, Netflix, Facebook, Apple and Amazon for weakness in individual stocks....
Traders, Bitcoin can form a W pattern which can push the price upwards. It is right at the moment struggling with 200 sma on 4H. If this breaks then we can see the price rising to the FCP zone or even higher. But weekly chart shows a good bearish engulfing candle so this rise may be short lived. So do not think of this as trend continuation pattern. It may be an...
Traders, Price Gaps: Do you believe in them? Not all price gaps are filled. It depends on the market's behaviour. If in past, a market has been filling gaps, it is likely to do it again. These are are price gaps in Bitcoin Futures from CME. So far all CME Futures price gaps on bitcoin has been filled. Do you think if they will be filled? 🙂 Put your thoughts in...
Traders, AMC shares stabilised and started to rise. The price is forming a good W pattern which means that it can go higher from the current level. For the bullish move, we can target the FCP zone. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful,...
Traders, AIRBNB stock broke out and can now form a complex FCP W pattern which can take the price higher. But after such a violent move, there can be some profit taking so it can first fall down a bit to test 200 sma and then if we get a confirmation to the upside, this will become a good BUY stock. Watch it closely. Rules: 1. Never trade too much 2. Never trade...
Traders, EURNZD is reaching an FCP zone which has confluence of few other things too on several time frames. So this FCP zone has potential to send the price higher. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe...
Traders, Nikola price has been it badly but it has reached a level where it can be a good buy on the completion of a good FCP pattern. Beware of the fact that this pattern can become extended to the downside. Hence we have to possible BUY zones Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and...
Traders, after massive sell off, Gold (XAUUSD) has been looking for a direction. It is highly likely that it will go back up to retest the previous M mid points and in the process it will close the gap left and complete a bearish W pattern. Once it has completed that pattern it will be a good candidate for short opportunities based on confirmations. Right now this...
Traders, There is a lot of media ta the moment talking about Cathie Wood's ARKK ETF reportedly seeing record short interest as investors turn against the fund. However if you look at the charts, they tell you a little different story. In fact of the short positions story is correct, we might see a short squeeze. The price is right at the breakout point and from...
Traders, USOIL (Crude OIL) fell last week after retesting 70 dollars. It is now forming a bearish FCP M pattern which can push the price down into the FCP zone and then it can rise up. Manage your risk in this market especially at these levels. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and...
Traders, Dropbox (DX) can fall from the current levels as it has reached an FCP zone and is forming a wedge as well. However there is an inverse head and shoulders pattern which can play out in the longer term. A break out above the this zone can take Dropbox to the next FCP zone above. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never...
Traders, PFE (PFIZER) has risen to the a crucial level. Watch out for the move down. However a breakout above from this level can take this to 49/50 price and even higher. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button,...
Traders, NASDAQ consolidated and broke to the downside but then it quickly recovered in a V shaped structure which means that it now has potential to go even higher. So if this level breaks, we can expect higher moves into those levels (white horizontal lines on the chart) and/or zone above. Rules: 1. Never trade too much 2. Never trade without a confirmation 3....
Traders, Netflix has been running inside a consolidation range for a long time now and the close of this month can give us a good indication on the downward breakout of this consolidation. Expected targets based on FCP analysis are on the chart. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and...
Traders, Silver (XAGUSD) has been moving and yesterday it caught several analysts and traders by surprise. The reason behind that is that majority do not perform multi time frame analysis and do not see the hidden higher time frame levels which can act as support and resistance. In this multi time frame analysis I start from the monthly time frame and go the way...
Traders, As tesla is expected to release their earnings today, we are ready with our trading plan. Here is what it is. Use the horizontal lines as support/resistance/targets. We have planned for both long and short and depending on the market movement, we can jump in with the momentum. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never...