Trading Pattern QQQ has formed an ascending channel which may prove to be very lucrative for derivative trading. Utilizing Elliott Impulse and Correction Waves within the support and resistance lines, Wave 4 may dip as low as $392 which is a few dollars shy of a 61.8% Fibonacci retracement level. Technical Indicators A bearish RSI divergence has been...
TREE was up huge from bottom, almost up 300%. A dip here would give us entry around low 20s Long around 22-24 Stop loss - 18 Target #1 - 50 Target #2 - 60 Target #3 - 80, after a pullback.
Price has been growing in an ascending channel since price hit low @ $67.68 on December 13th, 2023. Fundamentals reported two weeks ago revealed that the Iraq refinery has been re-opened since its closure more than 10 years ago and that meant more supplies which fell the oil price from $78.69 to $75.73 The following week was met with USOIL demand where buyers...
Recently, the price was unable to surpass the recent high and instead formed a bearish divergence, retracing downwards in line with the Dow Theory. As a result, we plan to look for a short trade once the price reaches our desired range and aim to target the recent low while keeping our stop loss at the recent high.
THETA been showing lotta strength still trading near the lows with great upside ROI it looks like its currently retesting the breakout with hidden bullish divergence on RSI
FLOKI is a popular meme coin and ecosystem. Don’t ask me why. I just read waves. Claimed to be 10x or 100x potential in 2024/25.
Finally, Shiba climbed, based on Fibonacci and support and resistance points.
The last major two lows generated a possible channel bottom. In Sept 23, shorts broke a major level and rushed for the break of that line for a 3rd time. Really scary. They almost got it, but then the rally happened. Now we are out of balance to the high side, and have hope we can go higher, but not before we take a soft landing, IMO. Based on the channels...
Here we see our VRA Weekly chart and you can see it's showing strength now . VRA is pushing up over that dark blue 200MA line and that's very Bullish in my opinion . Altseason seems to be upon us as Bitcoin is right below its' previous ATH . If VRA can get back to it's previous ATH price near .088 cents then targets above there could be the following fib levels...
On Friday, U.S. stocks surged to record highs, driven by a technology stock rally focused on AI. The Nasdaq achieved its second consecutive closing record, led by AI-related firms like NVDA and META. February marked the fourth consecutive month of overall gains, primarily attributed to AI and positive effects on semiconductor stocks. NVDA reached a $2 trillion...
On Friday, U.S. stocks surged to record highs, driven by a technology stock rally focused on AI. The Nasdaq achieved its second consecutive closing record, led by AI-related firms like NVDA and META. February marked the fourth consecutive month of overall gains, primarily attributed to AI and positive effects on semiconductor stocks. NVDA reached a $2 trillion...
GBPJPY recently formed the div and respects it. Now it's just a simple downward trend simple dow is playing, we can enter from the CMP too as it is already in discounted prices, or just wait for a nice breakout towards the downside to entry in the short entry with the Sl of last high.
BOS and a retest on Daily, H4 is still bearish but H1 is bullish. We are looking for HL on H1 for buy opportunity.
This is my demand zones for US30, it has been a long time since I traded US 30, but it's looking very bullish! We have made some new highs and expect to keep pushing! The target could be 40000 in the longer term since that´s a round number and a psychological level.
XAUUSD pumped on Friday due to 90 days consilidation, after braking the consilidation the price exploded to 2088, we should wait till open market and see if the price brakes 2088 we will go for 2100+, or the market should correct to 2065 before any more longs. You should take in consideration the war in middle east is playing an important role in gold price.
I am now expecting that the 10Y yield to crash and thus the trade here will be to long ZN futures. Please note that what this implies is that rates are coming down and there will be a rotation from equities to fix income and that means equity markets WILL CRASH sooner rather than later.
ADA is the cryptocurrency associated with Cardano, a blockchain platform. Cardano is a blockchain project that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). I start to accumulate ADA in this area because prices are Right at the lower trendline of the ascending channel ...
ETC in pair with USDT, testing previously broken resistance. Holding it may be a good entry into long positions, with a potential increase to around $38. More explanation in the chart :)