The market broke out of its three-week consolidation above the July high following dovish comments from Powell and the possibility of three rate cuts next year. The ES and NQ are now only 5% off all-time highs and have recovered almost all their losses from 2022. The rally has broadened as small and mid-caps played catch-up into the end of the year, posting...
In general, bullish USD. Watching USDCAD for a LTF breakout and potential surge once the breakout is confirmed.
WOO has very well performed since the last two weeks with more than 100% raise. Being rejected at key levels (trendline resistance & Fib 1 level), WOO is correcting. I'm waiting for entry at Fib 0.786 (higher probability with my current view of market) and Fib 0.618 . If trade will be concluded then the final target will be Fib 2 . This target would be...
NYSE:HSY Fibonacci Support & Pivot at 152.20 and 618 Fib Support "Fibonacci support is a key level in technical analysis derived from the Fibonacci sequence. Traders use these levels to identify potential price reversals or areas where an asset may find support. These levels, such as 38.2%, 50%, and 61.8%, are drawn based on the Fibonacci ratios and play a...
$BOB continues to rally following a short consolidation. Next bullish target at the fib extension 0.0001586 What are you thoughts are you bullish on $BOB, he has big plans ahead - LONG!
Let’s first summarize this week’s trading situation. Our net profit this week exceeded 20K and reached 22K. Basically achieved our weekly goal of completing 20K. Unfortunately, on Friday, I set a limit trading order to short gold in 2048. Since the order was not activated, we missed the downward trend of gold on Friday. Although there are some regrets, I think as...
Dio has been in a corrective phase for a few weeks forming a standard wedge. This fourth attempt to break structure has flipped the supertrend to bullish. This could be another washout but given the previous momentum I think we might see another run at the green fib here. My short-term target is .065, these tokens tend to not really care if BTC corrects and the...
Hello Traders, this is my analysis for the dollar index the trend is down and made lower low and based on the fib we reaching a great zone to go short.with the risk of not more than 1%. and as always risk managment is the key. Good luck to everyone.
hello traders this is my analysis for usdcad based on the fib the zone is very good to sell, as always risk managment is the key.
On the monthly chart, the Dollar Index could continue with a bearish trend in the next month or two. With a drop below the 101.50 level, the next key level is 99.00. That level is very critical because if we don't get proper support, the dollar could slide down to 95.00 and test the lower line of this channel. The dollar could make a new bottom and start a new...
Just Clowing around with FIBs for the FUN House What Lies ahead ICP to $2700?
INJ is my largest holding and WAY overheated here, price discovery is a fickle beast. I would love to see INJ take a slow grind down to around the previous all-time-high for a bounce. My preferred path is marked on the circles. There is no assurance that we simply bounce here, maybe a consolidation, either way I am net bullish, short term bearish only because this...
GOLD D1 has retested the UFO and the trendline area. It is potentially reaching its cluster area around 2030 - 2047 on November 27 - 28, 2023 before forming a secondary reaction to continue its primary movement again to the final target at 2142. This outlook will be invalid when the price crosses the support level at 1931. The major movement will be bullish.
TSLA D1 has formed a minor support level and potentially strengthening toward the classic resistance at 268.60 and harmonic resistance at 307.79 with the support level at 194.07. The vibrational dates: Dec 5-6, 2023. According to the Gann analysis, there will be a potential major reversal during those dates.
I see an ascending butterfly pattern in the daily time frame. So Storge can continue to climb...🦋
The DXY is in intermediate decline, the previous intermediate cycle was very short so much that it caught the markets off guard. The current is in week 23, looking into history of intermediate cycles, there are few where a cycle was between 20 to 28 weeks. Things to consider in this cycle: 1. Price lost the 0.618 fib retracement & recovered it. 2. A short bounce...
Closed previous WOO long. Ran even further then expected for the first stage, indicating will close the week strong. Trigger setup 24 hours ago, .5 retractment from top meeting an ongoing trend line cross.