URA in a 3rd wave and could possibly have topped here at the 28, but it also could be setting up higher for a 5th wave finish 32-36 area. When I first looked at it, I saw the possibility of a great buying opportunity in the $14-16 area if things break down. Right now I think we need to hold the $24-22.5 area to keep this bullish move upward. Otherwise the...
My expectation and target this week on the S&P (US500) is a bullish run to the 4407.9 price level which I got by Fibonacci extension by anchoring my Fibonacci to the previous week’s Friday low and high and I got this level by adding a -0.5 to my Fibonacci. That level is also at a Daily timeframe Imbalance and inverse Daily timeframe Volume Imbalance (Gap between...
Establishing a Fibonacci price cluster on the H4 time frame determines sensitive support levels in the buying direction. The setup shows clear buy points, stop loss points and expected take profit points for a trade.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. However, the lower time frame suggests further corrective price action which will result in more wave (2) downside. Several bearish scenarios can be considered if we take out the 04/10/2023 low.
Hello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. First of all, we can use the blue lines to mark the downward trend channel from which the price goes up again, but at this point it is worth defining the main sideways trend channel, where we can see that the price has bounced off the lower border for the...
In the higher time frame, the primary expectation is that wave (4) has finished after a WXY correction. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse and the potential start of wave (5). If we do not get the additional swing up, we might still have further corrective...
Considering a trend continuation long in NG here. Per the attached charts (also using futures for zoning), we've had a decent pullback and are nearing intermediate-term (daily) demand. Using the futures chart, there are multiple 15-minute demand zones stacked 3.058-3.006. So, if we penetrate that zone (flirting with it now), look for micro timeframe reversal cues....
Stock have beautiful breakout with gap up opening and also sustain above 310 level My Target is 360 at stop loss 305 strictly stop loss Festival season stock Stock can leads festiv season huge demand in this period so expectations also high from invester Fundamentals also have good stock well known branded in shoes company No recommendation for buy and sell
Hello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has broken upwards, and currently we can use the blue lines to mark the upward trend channel in which the price is currently moving. Now we can...
FX:EURJPY This pair just retested a broken support level. Let's see if price rejects again to continue to the downside.
At the moment we are in the completion of wave four which happens to be a contracting triangle. The move up is going to be a ABC 3-3-3 for a Flat or 3-3-5 for Expanding (which looks more likely). I will take profit at the 0.5300 area which is close to the 2.1618 on the Fibonacci extension. Also note that the RSI has moved out of the oversold area. Stop loss is...
EUR/JPY ending price last week left it below the 200 EMA and showing some shift in power with the Bollinger Bands! This week opened low initiating my Trade Action Plan!! -SELL- { SL } 157.717 { ENTRY } 157.455 - 157.393 { TP } 156.455 - 156.079 *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING...
AMEX:SPY October 14,2023 15 Minutes. The eagle has landed. 200 Averages in 15-minute ha to be respected. Now we have upside capped at 433-434 range. We have a LH at 433.36 so need a HH above this for trend change. We have two LL, and the oscillator has diverged. So, a bounce back to 434 levels is expected. We have 100, 50 sloping downwards, 200 sloping...
The price is in the Bearish channel in the highest Level of the seller and in the lowest Level of the Buyers , the important Zones of the scalpe are specified in the chart. The Zones are obtained after the intersection of static levels and fibo level . This analysis is a personal view and the offer is not to buy or sell.
A good position to buy Bitcoin or a long position with low leverage as a swing trade #BTC #Bitcoin
The move down is a clear five-wave impulse in my opinion and then the three-wave move up looks like the first leg, wave W, of a double zig-zag correction. I will wait for the impulse wave A to complete, and then for the corrective wave B before going long for wave C of the second corrective leg up i.e. wave Y. Once the double zig-zag is complete, I'll look for a...
Hello Traders, This is the OANDA:XAUUSD Setups i found 2 possible setups 1 or 2 but i'm more for the 2nd because, the market left some imbalances past week also the price is on the discounted area rather than an average price for me the 2nd setups make more sense, what do you think ?