Looking for price to pullback further into daily support, which lines up with the 50% fibonacci level. Then I will be looking for continuation buys to the upside. Long term trend on EJ is up this is just a pullback into support before price continues upwards.
Looking for a pullback into any of the three fibonacci retracement levels drawn on the daily chart. Ideally the 50% level before price continues in its original trend. I am bullish on GJ overall as trend on the daily is up as well as the weekly
Hello guys, I hope you are doing well Let's review what happened last week You can see the gold chart in 1 hour. As we expected, the resistance zone prevented the growth of the gold price. We have a support level, we have to wait for this level to be broken, if we had a close candle below this level, we can enter sell positions in reversals. There is a...
Bitcoin is currently going up in the short term, but do not fall for this uptrend. It's clear that the downtrend will continue, and we will see a huge dump to 34,000, probably in March. As per my Elliott Wave count, we have finished a huge impulse wave, and now we need to make an ABC correction so we can go higher to 100,000 in 2025. Wave A is complete; now we are...
WELNET has been exhibiting a sustained bullish momentum for an extended period, characterized by a consistent formation of higher highs. After a recent consolidation phase, the script has demonstrated a notable breakout today, accompanied by a substantial surge in trading volume. Key Technical Points: Higher High Pattern: The script has consistently formed...
Good morning, traders! ☀️ Hope everyone had an awesome weekend filled with relaxation and good vibes! 🌟 Still patiently waiting for OANDA:XAUUSD to hit that sell zone I've been eyeing for a few days now. 📉 Looks like today might be the day for that setup to finally unfold. Let's stay sharp and see how it plays out! 💪 Wishing us all a fantastic start to the...
CME_MINI:NQH2024 - PR High: 17507.50 - PR Low: 17456.25 - NZ Spread: 114.75 Evening Stats (As of 12:15 AM) No significant calendar events Slight dip for inventory to start week - Holding Friday's range - Weekend Gap: N/A - Gap 1/26 -0.05% (open > 17579) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 214.35 - Volume: 33K - Open Int: 299K - Trend...
Looking to short AUDUSD as it rejected a trendline and 38.20% FIB Level. We will also be monitoring the DXY(Dollar Index) for correlation and more confluence. A break and retest below 0.65200 psychological level support will give us a proper confirmation to go short. I will be shorting this pair now but with extreme caution and add more orders upon the break and...
please read full info before execute 1) 4H bullish trend 2) price is running in 70.5% in fib zone 3) 5min price multiple time rejected and formation of Wykoff with clean SC,AR,TEST & PURGE 4) BOS in 5min with impulse move and broke recent structure printed demand zone Thank you for reading and please share your valuable knowledge to learn me too
The original idea of long and bullish explosive up move HAS NOT changed. It's that now I expect price to move down slightly more before moving up.
The SET is in a major downtrend. Runs out to the side and makes 3 to 4 waves on a ten-year scale, creating a compact form. The worst case scenario can re test the peak of Wave 1.
Turnover for the Asia Session and Into London. 1H Heiken Ashi showing move up starting. Entry on 5 Minute. Trailing Stop Set and Targeting Fib Golden Area for first TP then Order Block above swing high for TP2.
Ford has scaled back its EV ambitions in consideration of the marketplace while TSLA drops its price in the Eurozone and falls into less than first place in the China EV market. Ford's F-150 truck continues to dominate GM and the others in North America. On the 4H chart, first a price uptrend and then retrace to the 0.5 Fib level and a reverse into a new...
FX:EURJPY Preference: Rising labor costs can have an adverse impact on the overall production cost of firms, which may compel them to pass on the additional financial burden to the final consumer. This, in turn, can potentially heighten the prices of goods and services, thereby exacerbating the already existing inflationary pressures. Due to the effects of the...
AMEX:SPY January 29, 2024 15 Minutes SPY is continuing the sideways. At present the 9,21,50 and 100 averages have caught up with the price. I am still holding the short position. Expecting the 200 to be touched and then a move. The 200 has moved from 475 to 482 last week. The shorts are around 487 levels I am looking forward to closing around 484 levels with...
EURJPY looks toppish at these levels. Sold short at market. Currently has had rejection from 0.786 level and I expect this level to be the barrier for EURJPY. Get above and I am out but looking for a nice run down toward 0.5 Fib sitting around 158.8. Nothing really changed from BOJ statement. If they going to raise rates or not remain to be seen but I am...
I am expecting an ending diagonal and then an explosive move up. This is the time to LONG!
Market pushed higher again last week. The NQ made a new ATH daily close on Wed & the ES pushed through the Mar 29th high. Momentum stalled at the end of the week as traders trimmed longs on weak guidance from INTC and positioned for a big week of data & earnings ahead. This week Megacaps (GOOGL, META, MSFT, AMZN) are schuduled to report, the FOMC wil make its...