On a high time frame POV, price has dopped to the 0.5 fib and tapped into a liquidity level. On the Medium time frame, you can see price has shifted into an uptrend, making HHs and HLs. You can see this morning price dropped to its golden pocket area. Along with the golden pocket, we had the previous day POC, and the developing day VAL. On the low time...
Today we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted. We will only trade in the direction of the trend if the trend has not been...
OANDA:GBPAUD has formed bullish divergence on RSI and broken the last Lower High indicating the potential for bullish move. Currently, It's retracing back to fib 50-75% level where we can look for long setup.
IMPP stands to gain market cap if the barrel price of oil moves on the global markets under the pressure of geopolitics in the Middle East. While it is a domestic producer and not involved in transoceanic oil tanker transport, the price of oil is a global dynamic in real time. As a small cap, when the oil price moves and IMPP's fixed expenses remain static,...
CAH on Ethereum as with many alts had a very strong pivot this weekend. CAH being one of the stronger reversals in the market is a good sign as this is a new position for me. I am trying my best to avoid taking too many new positions as I am already heavily bagged up for the cycle. I have been buying since BTC was 16k on many of my alt positions. CAH is something...
Price may once again test the 1.27300 zone on GBPUSD before dropping strongly or immediately from this location. We have a clear break to the downside, where price swept the highs before shortly after a strong rally with the bulls. We'll have to watch to see if DXY sustains its bullish momentum. The GBPUSD might quickly fall considerably lower if the positive...
ETSY is at a major support right now. Tight confluence of two major golden fibs. BEST chance for bulls to paint a bottom here. ========================================
I've been a long-term bull on NASDAQ:WIRE for years, and it continues to be one of my largest positions. Fundamentally, there's nothing that changed my mind about the company. I've listed some of the reasons I like the company in this mind , and they're as valid now as they were last October. That said, I am thinking about reducing my position for a couple of...
My bearish count has SPX topping out today somewhere below 5186.69, with one more daily lower-low (this week) to complete a contracting leading diagonal (1).
Trend Analysis: AUDCHF is currently exhibiting a Bullish trendline on the 4-hour time frame, indicating a favorable upward trajectory in the market sentiment. Additionally, the currency pair adheres to Dow Theory principles, further reinforcing the bullish bias. Fibonacci Retracement: A retracement to the 0.786 Fibonacci level has been observed, signaling a...
Bitcoin may look pretty bullish, but do not get distracted. The price is forming a bearish distribution pattern inside a bearish parallel channel, as you can see on the chart. Right now, the odds are in favor of another crash. I am not saying this only because of the price action, but also because of the Elliott wave theory: as per my wave count, I am expecting...
This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin. If this ratio is going UP Sh@tcoins (to give them their colloqiual name) are out performing the #1 #Crypto asset. ("there is NO 2nd best.. " M. Saylor) Risk ON. Aka Silly season. If this ratio is going down. Then S coins are underperforming BTC Bear market... S coins getting...
We are lookin for more pump here or from our major support zone which is 0.10$ support zone and the pump we are looking for may be now or after a weeks range near our support. DISCLAIMER: ((trade based on your own decision)) <
As we mentioned before price now is touching our major resistance zone which is form here based on Fibonacci levels and we are looking for a heavy dump here and also we have an open high-risk short now with 1:4 RiskReward. DISCLAIMER: ((trade based on your own decision)) <
Natural Gas prices have been dropping over the past four months due to progress on renewable energy and hot weather being among the drivers. However, market could become tighter this year, with slower supply growth and an acceleration in demand, while key US drillers have slashed their 2024 outlook. Further Middle East hostilities after the Iranian hit on Israel,...
This is a BTCUSD idea based on Fibonacci levels. This is not financial advice.
.9775 is the local resistance that it needs to break If CRYPTOCAP:BTC can hit 67.8k to 68.5k, there's a chance LSE:ONDO to shoot up straight to 1.05 to 1.12 before we retest .86 to .78 level If you'd like a safe entry, wait for a valid retest on .86 to .78 (bullish orderblock)
Hello Traders, Great Day! Look what we have found on the EURUSD chart. Is the Gartley Pattern gonna work like magic? Watch out for latest news. Wish can go long from $1.06000 till $1.1000 (the EURUSD favorite marque). What do you all think?