NVDA Can Fall: NVIDIA hit the 161.8 Fibonacci extension and took a little correction. It has been consolidating for some time but also forming a diamond pattern. Although this pattern is not one of the strongest, if it plays out, the market can fall below the FCP zone. Or even the previous high level with a 200sma (daily time frame) confluence and trend line....
One of the fallen super heroes of one time has broken through 5 year lows. At this moment in time, the price is getting ready to reach an FCP zone which can be a potentially very good idea to buy or accumulate. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do...
Traders and Investors, Let's talk about the crypto market. There has been a lot of discussion lately about each and every little move that Bitcoin makes. A little move up sends bullish sentiments and over-the-moon projections across social media. Whereas a downward move creates despair. 🙂 This has been going on for weeks and months. So let's see what has been...
Traders and Investors, Tesla has been in a downtrend and is looking weaker at the moment. It is forming a potential M pattern which can push the price down. A good confirmation may be needed to initiate a position. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on...
Traders, We have been bullish since the last quarter of 2022 on this market. NASDAQ now is reaching a point of a possible breakout. Short term it can go a down a bit but on this higher time frame, it is still forming a bigger W FCP Pattern which means that it is still on its target to reach higher levels. Please note that the chart is Weekly timeframe. Please...
Traders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a...
Traders, EURGBP last week showed a rejection from the 200 sma. It fell a bit from there. We have a potential M pattern forming on the daily time frame. So it can continue to fall until it reaches one of the FCP zones where it can bounce upward again. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a...
Traders and Investors, It is still consolidating. I tried to go higher in the last week of the last month but failed to keep the breakout. There is a double bottom below which can target liquidity but trade what you see. It may or may not happen. Below this, we have 100 as the psychological level. A possible W pattern is also forming. It is not confirmed yet and...
CADJPY has a similar pattern as USDJPY. Please see the attached USDJPY analysis: Please support this analysis by liking and sharing. 👍🙂 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 and share it in other...
Traders and Investors, GBPUSD has been very bullish but the recent price action has started to show signs of fatigue. So watch these 2 zones (as marked on the chart) for a possible correction downward or trend reversal. A proper confirmation will be needed as the trend has been strong. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never...
Traders and Investors, Overall on the monthly and weekly time frame, it is still bullish although it fell down from the 150 level. Once this sort of thing happens, it is natural for the price action to revisit areas around previous highs to form a W pattern. USDJPY created a double top this week and fell down. now we are watching a few zones and the trend lines...
Traders and Investors, GBPUSD fell to multi-decade lows last year and since then it has been consistently rising up. Whilst GBPUSD itself was not moving that sharply up, other pairs such as GBPJPY showed much higher strength. GBPJPY last week/month crossed an important barrier. If this trend line and this correct resistance level are broken and confirmed, GBPJPY...
USOIL May Target 103 At Some Point. An M pattern has been completed but because the price jumped sooner than expected from 76.48, this FCP zone is left with less strength. Because of that the market is finding it hard to make a good bullish move and is simply consolidating. Right now it is in a consolidation phase but has started to show a bullish structure. If...
Traders, I have been covering indices in depth latetly and what I see a common pattern is that US Indices has started to bounce back. US3 has been gaining for last 3 weeks or so, SnP500 is lower but gaining and NASDAQ is the only one which gained slowest. Hang Send Index (HSI) has reached 2008 levels but forming an M pattern. It is now inside an FCP zone which can...
Traders EURUSD has been waiting for a good bounce from 0.96387 level which it saw today. Depending on the market close today, if it closes a good strong candle there is a possible positions trade coming in EURUSD which can push the price to much higher-levels completing W patterns at these 2 FCP zones approx. at these levels. This may take weeks and possibly...
Traders, USDJPY has been extremely bullish for last few months and this Forex pair is the one giving most of the strength to DXY (Dollar Index). Now USDJPY could be reaching an FCP zone along with a multi year cross trend line. This can give us the final target for our bullish trades and may also give us good opportunity for short trades depending on a good...
Traders, Intraday USOIL (WTI) has been slipping but the structure has been broker to the upside on the smaller timesframes. There is a very good confluence zone coming up soon on Crude Oil which can be a great place for long entry if the confirmation arrives. This can be a little risky trade so manage the risk. The target ultimately is the unfilled gap which left...
Traders, $VIX Is In The Zone, Can Take A Correction. Watch $DXY too with it. If these 2 fall, we are looking at some relief in indices (Dow Jones, SnP500 and NASDAQ) 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...