TVC:DXY developing flat bottom pattern after rejecting upper parallel channel + potential inverse H&S pattern, TBC. Inverse H&S Playbook (Long): - Break above 200MA/38.2% Fib/descending trend-line confluence - Reject 50% Fib/overhead supply (white box) confluence then bounce off 38.2% Fib to create the "Right Shoulder" - Re-test & break (hold) above overhead...
Ethereum is in a short-term upward trend, and the possibility of growth at the ceiling of this channel is not far from expected. In this analysis, we determined the support and resistance ranges. We also specified an entry and a long risky position, but we must keep in mind that the best position in terms of being low risk is with a risk to reward of one to the...
Have you seen that peculiar confluence zone on Bitcoin on a daily time frame: we have a perfect match between a horizontal demand cluster, 382 / 50 retracements of the last 2 bullish impulses. After the test of that structure, the price formed an inverted h&s pattern on a 4H time frame and broke its neckline, confirming the strength of the buyers. I...
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. It looks like we are working on wave (v) of wave ((c)). We are also at the reversal areas.
The currency is still in a downtrend, so we are friendly with the trend. Of course, this friendship may not always last...! However, there is a possibility of a growth up to the ceiling of the downward trend and then a fall to the specified range. Also, this growth can continue up to the previous peak, that is, out of the trend. I would be happy to know that you...
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. We see two equally valid scenarios. Firstly, we might have finished wave Y as an ABC. Secondly, so far we only finished wave ((a)) and wave ((b)), wave ((c)) is still coming.
As we said before price is near major daily supports like 0.000006$ and 0.0000045$ and we are looking for rise and pump here like the green arrows mentioned on the chart. DISCLAIMER: ((trade based on your own decision)) <
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
CME_MINI:NQZ2023 - PR High: 14913.75 - PR Low: 14894.25 - NZ Spread: 43.5 Key Economic Event 08:30 – Initial Jobless Claims Back to highs of daily range - Holding prev session highs Evening Stats (As of 2:25 AM) - Weekend Gap: +0.49% (filled) - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 247.12 - Volume:...
Looking forward to buying AUDUSD for a new HH for Price Action around the 61.8% Fibonacci level. SL below the last HL.
It could be argued this does indeed resemble the Harmonic Pattern of a "bearish butterfly" with targets in play for the short trade , however we may have indeed completed its short life? 1.bp.blogspot.com
GBPAUD will make slight bullish retracement after reaching this level
AMEX:SPY October 5,2023 15 Minutes AMEX:SPY bounced to 424 levels as expected. Fibo working to the dot as usual. Consider 2 fibs. The fall 431.85 to 420.19 The rise 420.19 to 425.43 For the fall 61.8% is around 427 levels and for the rise 422 levels. we have 200 averages around 426 levels. I expect that to be resisted today. Moving averages 9,21,50 is...
WLDUSDT Possible scenario If trendline is broken down and price dip lower than $1.635. RSI and price is in divergence . Good LUck
TRBUSDT POSSIBLE BEARISH SCENARIO The high is almost at the 50% of the weekly bearish OB and RSI is extremally overbought . possible reversal or dump on the way Good LUck
Daily Chart Gold OANDA:XAUUSD has broken down the support and now it's on recovering path. I figure out the confluence resistance around 1935 so I expect Gold will be failed when hit this level. Gold can be downed lower at 1860 So wait and see what happen
Hi dear friends, hope you are well and welcome to the new trade setup of 0x Protocol (ZRX) token with Bitcoin pair. Previously I shared a long-term trade setup for ZRX on a monthly time frame, unfortunately the priceline broke down a long-term support of $0.30 but it is still moving in the potential reversal zone and can start a massive reversal move from here....
D: Uptrend, price hit -61.8% and reversed + bearish divergence 4: Downtrend, price retraced 78.6%, hit -61.8% 1: Downtrend, price retraced 61.8%, hit -61.8% and reversed for the buy CURRENTLY: I'm looking to see if price will respect the upward trendline and continue long to -27% on minor structure fib, near previous support and 4h trendline ~100 pips Minor...