A look at the NASDAQ & a prediction of where it's current pullback is likely to terminate at using price action analysis, structure, Fibonacci tools & volume. If you have any questions, comments or want to share your analysis/ideas on the chart please leave them below. Akil
Hi Traders, Investors and Speculators of Charts📈📉 Although BTC is heavily overbought in the weekly timeframe, Bitcoin has previously proven it can trade overbought for many weeks before a large pullback. Often, this is when the biggest increase happen percentage wise (after the first Overbought signal). Decembers are usually green months for BTC, this is...
KEYUSD - Selfkey - weekly chart Here, I use the FIB to show my thoughts on potential targets for KEY in the coming Bull Cycle. You can see that the 3.618 FIB purple line, has been where the past few cycles on KEY have targeted. I have noticed this on MANY coins. If this plays out, we could potentially see 15X on KEY from current levels in the next bull...
Firstly, apologies for coughing around the 8th min (too much chocolate). Basically this analysis builds on top of the HSI and China A50 analysis that I've done previously and that I expect Tencent to move down to $246 and hits the lower channel line as well as 1x of wave (1) distance by 2023 year end.
I expect BYD to fall to $166.8 given the following: 1. Price fall before trendline cut = price fall after trendline cut 2. Fibonacci extension level of wave 5 (of C) = 1.618 of wave 1 (of C).
Last night, dollar get underpressure along with another pressure on bond yield. The technical moves as what I share last night. So, we update the condition. Dollar and Bond Yield have to retest the resistance before get another pressure. Therefore, Gold will have some correction on short-term. But, the good news is "correction means good momentum" to look...
Kaspa's daily chart recently made a hammer candle after almost reaching a 0.618 fib retracement, implying a possible reversal. However, is this a time to buy the dip or will this keep going down? Current lows on the daily RSI correspond with previous buying opportunities.
This is my detailed analysis of AAPL and it is a strong Sell for the following reasons: 1. End of multiple wave 5s. 2. Triple Fibonacci targets reached. 3. Wave 4 as a triangle confirmed the 1 year move up as the last wave.
In Summary: 1. We see 5 waves up and wave1=wave5, and it doesn't matter if it is a 1-2-3-4-5 or a W-X-Y-X-Z. The next move should be down. 2. RSI(7) crosses 88 and based on 3 other historical instances of similar preceding pattern, the next move should be down. 3. The risk-reward is better on the short side than the long side.
This is a short update to HSI. I will expect that the burst up today is a corrective wave 4 and for the next 2 weeks, a correction down to 15000.
My previous analysis of the Hang Seng Index was invalidated. And now I've done a revamp of the wave counts for 2023. This is the summary: 1. Hang Seng will continue to fall either till Christmas or EOY. 2. Target support, or end of correction, will be 14980-15100. Look out for this support zone.
To summarize: 1. We are currently in the 5th wave down. The last wave. 2. Potentially a sharp drop for the last 2 weeks of Dec 2023. 3. Price might follow the same pattern as Dec 2018. 4. Target 10130-10145.
An observer with a bullish bias might see a bull flag in the current chart, but Kaspa seems tied to the market recently and heading downwards. The key psychological level of 10 cents can be seen in the chart structure as a potential downside target, but a .618-.786 fib retracement would indicate a possible value zone back within its long-term ascending channel.
Welcome back! Let me know your thoughts in the comments! ** TESLA Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight...
this is how I set up trading ranges to visualize how many pips we have to work with per day in any given market watch this video if you're having trouble timing trades watching for the EURUSD LTF bottom to set up another Fibonacci. Confluence Video
price action in EURUSD currently contains the most confluences that I have ever seen.. from the monthly, all the way down to the minute chart, the 618 level seems to be in play. Take a look for yourself and let me know what you think. This type of price action is a sort of "white whale" in Fibonacci trading
HEX on Ethereum has done a textbook golden pocket retracement following its explosive run-up in October. It has been consolidating around this level for a couple of weeks now and is hinting at the downtrend being broken by a strong heikinashi candle. Key levels to look for appear to be 1.1, 2.2 and 3.7 cents.