Macro - GDP Q3 dos EUA above expectations providing a potential economic growth inertia before the contraction from the QT. - Investing.com - Fed Beige Book indicates employers reporting that there were more applicants available for their open positions. (Barrons) - Fast speculation on rate cuts on next spring made by the CTAs. - OPEC+ talks focusing on deeper oil...
Vertical price push is due for a pull back. Depth of pull back can develop into a few possible scenarios: Bearish: pull back leg of the longer term consolidation in the 15k-69k range. Bouncing off the 20k will be neutral vs. under 20k will be bearish, looking to test and break 15k. Bullish: Bounce off the 48k and dip to ~28k to form an ascending triangle or...
Expecting price to continue with the Bearish Order flow, delivering lower prices, after mitigating the OTE Area, and after taking liquidity.
By the sharp Fall in 1h, a good correction is to be expected and considering OB Area and trend numbers, price can be effected buy it won't be too much and by the fibbo and 65% level, price can go upper and the big sell after confirmation is to be expected
On my last thread that I have made I was predicting a bullish Eve Adam pattern which has been invalidated due to the lack of a swift reversal. As well as the invalidation of the Inverse head and shoulders on the lower time frames. This being said there is yet another bullish pattern that we have. Since we did not create a new lower low last week or today and it...
Gold's movement on the 2-hour chart continues to align with our expectations, maintaining its course within an ABC correction towards the overarching Wave (2). This correction is projected to reach between 50 and 61.8%, corresponding to the $1980 to $1940 level. The transition from Wave B to Wave C likely remains within a 5-wave structure. We've observed a rapid...
Have you seen a better #BullFlag set up? Look at this bull flag on the weekly time frame for none other than #AMP Let's get straight into it. You can see the pole portion of the bull flag on two candles which are December 4 2023 and December 11 2023. which went from .00249 to .00477 within a two week span. After this swing high portion of the flag pole at .00477...
FOREXCOM:XAUUSD under the influence of negative fundamental background is testing the support, from which it is forming the rebound we were waiting for. At this time the dollar is strongly strengthening and overcoming local boundaries. On D1 the price of gold is testing the ascending support, a small rebound and a possible retest of the support may be a...
Bullish Divergence beginning on the 1hr chart that is part of a larger Descending Widening Wedge Pattern. Volume spikes at the upper and lower trend lines as buyers try to reverse the trend and sellers becoming exhausted. A measured move above the upper trendline targets the 2.618 Fib and brings the price to ~ 00001190, a long-term support and resistance. If...
The idea is to mitigate the 4H FVG, and to pullback to the 50% area of the latest Daily Impulse. Now, the price is showing Bullish biases, and setting up a nice entry for Longs
Hello everyone, I invite you to the ETH chart on a four-hour interval. As you can see, the price broke out of the local downtrend line. After unfolding the Fib Retracement saitka, there is a strong resistance zone from $2,359 to $2,392, which keeps the price from increasing further. Looking the other way, there is support at $2,315, followed by a strong zone...
Following the Idea of getting the pullback of the latest impulse. Let's see if we can get Lower Lows
Waiting on a Mitigation on a 30m OB. We also have liquidity resting, that could lead price to rapidly move towards our Sell Limit
XAUUSD Buy at HL(also 0.786 FIB , trendline support intact) SL , TP mention in chart
UPS is hugging the underside of a major fib. Today after-hours will be an earnings release. What happens here could mark a turning point. See if breaks above 158.10 or drops to 150.74. Highly enthusiastic target above is around $170 Very bad news like FDX might target $139 below. (Drag DOWN on the price scale to see above/below) I have no idea of the...
It looks like my RNDR idea for a breakout played out nicely to the day. I was hoping for the same on INJ but that pump fell short after a few days. With NVDA strength I expect RNDR to keep pumping. Maybe a test of that golden Fib for support then a test of the teal line that converges with the next fib ~5$.
USDJPY (H4) Potential buying opportunities may emerge. Indicators that have manifested: 1. The current price range exhibits a narrow band in comparison to the preceding price surge, amounting to less than one-third of the prior increase. 2. The aforementioned resistance levels appear relatively feeble, given the brevity of the resistance duration. The command...
UJ has some amazing bullish momentum behind it- and I am looking to continue to ride this trend and long it! I am waiting for: 1) At least a 50% retracement and price coming into the daily fair value gap 2) A Liquidity sweep of previous days low 3) Market structure shift on the hourly and attack This is looking like a very yummy LONG! Follow and Stay tuned my...