We have reached a hidden bottom characterized by the 1.27 retracement of the rise from the October 2022 low. It marked a support level from June to October 2023 and had served as a resistance from November 2022 to June 2023. This long term relevance makes it interesting today again. If this possible valid support level will result in a bottom building we may see...
FX:GBPUSD , influenced by a positive fundamental backdrop and the dollar's decline since the opening of the session on Monday, is strengthening above previously broken trend resistance. GBPUSD is strengthening, the currency pair is in a bearish trend reversal phase. The market and traders are readjusting after the negative NFP for the dollar released last...
We can attempt to Buy AUDUSD at HL (also 0.5 FIB intact , bullish divergence also occur indicate that it move upward ) SL , TP mention in chart.
Possible minor pullback before the potential bullish movement.
Hello everyone, let's look at the 4H ETC to USDT chart as we can see that the price is moving in a downtrend channel. Let's start by setting goals for the near future that we can include: T1 = $28.51 T2 = $29.92 T3 = $31.92 T4 = $35.08 AND T5 = $37.63 Now let's move on to the stop loss in case of further market declines: SL1 = $22.82 SL2 = $20.04 AND SL3 =...
NAS100 looks brearish on bigger POV, as it broke through last HLs and made new LL. For Now the price is in discounted range we can build our positions in sell side have SL on the top of the swing.
We can attempt to buy GBPUSD from specified level as it make Bullish Rectangle Pattern (Continuation pattern) , also 0.5 FIB level intact , also there is no bearish divergence which confirm that bullish trend will be continue. SL , TP mention in chart.
Ethereum ETH parallel channel, the small purple channel is the down channel and the green one is the falling and oscillating channel.
A few points mentioned in the video: 1. Completion of Wave 1 "Leading Diagonal" structure. 2. Fractals observations on Fibonacci levels. 3. Expects wave B down and Wave C up for an A-B-C corrective wave 2. Not mentioned: Consider Wave 2 to end prematurely if low is breached.
Today officially starts a new week of trading journey. Today, gold rebounded again after testing near 2391, reaching a maximum near 2324. During the rebound, gold strongly broke through the 2310-2315 resistance area, and more importantly, it broke through the 2320 position, the NFP market high last Friday, and the short-term trend of gold turned from weak to...
Please consider the mapping as an idea sharing. Strictly trade at your own risk. #T.A.Y.O.R
A few confluences: - Horizontal support - Trend lines - Hammer on rising volume - Overall the stock outperforms the Index in IBD Style terms - 61% Fib retracement - Reverse or Hidden Divergence If that works - you have a low-risk high-reward setup. If it doesn't - we'd understand that quickly and move on.
So, I've previously mentioned that Gold has a major cup-and-handle formation (linked to this idea) and that it is a very bullish formation. Price has since broken up and I spent some time to update on the Elliott Wave counts in this analysis. Here's what I expect Gold price to be for the near term: 1. It will move up for a 5th wave of a higher degree 3rd wave. 2....
AMD on the daily. Bullish RSI divergence at the .618 Fibonacci level and 200 EMA.
If we look at the chart of #RNDRUSDT on the daily timeframe, we can see that in recent months, the ‘buyer’ has been aggressively active in the $6-8 range. Currently, CRYPTOCAP:RNDR is trading in the $10 range, but to be completely convinced of the serious intentions of buyers, I would like to see an aggressive defense of $7.70-8 📝Higher trading volumes in...
- Fibonacci Identification Identify key price levels using Fibonacci retracement and extension levels. - Entry & Patience -Enter trade at Fibonacci levels with confirmation signals. -Exercise patience and wait for pullbacks in uptrends. -Stop-Loss Placement -Set stop-loss below key Fibonacci levels or technical support. Protects capital if trade moves against...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Looking at the #WLDUSDT chart, we can assume that after the hype that was at the beginning of the year, interest in the MIL:WLD coin has now waned, if not disappeared. 🤷 After a sharp drop, buyers had a chance to restore the price of #Worldcoin to at least $7, but today sellers took the initiative and are drawing a daily candle that is clearly not for continued...