Total market capTotal market cap is heading towards $10T
The handle cup neckline area was broken and a retest was performed.
Fundamental Analysis
CMG: A Strategic Long Thesis and Tiered Accumulation PlanThe recent price action in Chipotle Mexican Grill (CMG) suggests the stock has entered a critical consolidation phase following a significant move. This period of price weakness, rather than signaling a reversal of the long-term trend, presents a calculated opportunity for a multi-tiered accumulation of a long position. The thesis is built on the premise that the stock is finding a strong base of support from which a new leg of the uptrend will launch, targeting a previous high.
This strategy employs a sophisticated dollar-cost-averaging approach to mitigate risk and optimize the average entry price. The trade is structured to enter at the first sign of a bottom, and then add to the position on subsequent dips, assuming the price tests lower support levels before a final rally.
Trade Idea:
Entry Point 1: Initial Position (First Green Arrow)
The first green arrow marks the initial entry into the long position. This entry is not a blind "catch the falling knife" attempt, but a strategic move at a key technical level.
Entry Points 2 & 3: Scaling In (Next Two Green Arrows)
The next two green arrows represent the subsequent opportunities to add to the position, a core element of a well-defined pyramiding strategy.
Exit Point: Taking Profit (Red Arrow)
The red line and red arrow mark the final, predetermined exit point for the entire long position. This level is defined by a major overhead resistance zone.
GP quick double then higherMarket cap: 36B
FDV: 72B
Fundemental: Extremely strong fundementals. Team started a 500k into GP today. Partnership with WLFI, details not released yet. Streaming will be release on LetsBonk soon. 7.67% of all LetsBonk revenue goes into GP buybacks and burn. Let'sBonk revenue has been increasing in last few days. Many other advancements to LetsBonk and other projects are in the works.
Sentiment: Absolutely terrible. Everyone in the chat is angry. Buy the things people hate.
TA: Swept the liquidity under $1, which is surely the bottom. There's a fair number of sell order between $2-$3 and the 500k DCA will take a month to finish, so I think we will see a retracement after visiting that level. There's a lot of fundementals pushing this, so if the fundementals turn into demand, these technicals won't matter.
See the DCAs here: explorer.zods.pro
Limit orders here: juporderbook.com
LULU: short-term Bullish Thesis - Trend ReversalThe recent price action in Lululemon (LULU) suggests the stock has completed a significant corrective phase and is now entering a new re-accumulation phase, presenting a high-conviction long opportunity. The bearish sentiment that has driven the stock down has likely been priced in, setting the stage for a reversal from a critical demand zone.
Trade: Entry Point 1: Initial Long Position (Green Arrow 1)
The first green arrow marks the initial entry into the trade. This point is strategically located at a major demand zone—a key support level where the price has historically reversed course
Entry Point 2: Scaling into the Position (Next Green Arrow)
The next green arrow represents the opportunity to add to the core position, a hallmark of a sophisticated trading strategy known as pyramiding
Exit Point: Taking Profit (Red Arrow)
The red arrow marks the strategic exit point for the entire position. This is the primary profit target and is located at a major overhead resistance level.
Pfizer’s Next Big Shot: COVID Levels Back on the Table?Huge Crisis or Groundbreaking Discovery?
This scenario suggests that once the running flat correction is completed — which we are very close to — the price is set to explode by at least 300% in the coming years (see red box).
Why do I think so?
• The running correction is approaching its final target zone, meaning the price should soon stop, reverse, and start pumping.
• After the correction phase comes the impulse, and we are expecting Wave 3 — the most volatile and dynamic wave of all.
• Minimum target: $108
It’s only a matter of sooner or later.
$TSLA Financials: Q2 vs Q1🏛️ Research Notes
A climb to even sub-ATH levels signals profound market irrationality, implying Tesla not only recovered its losses but has also reversed a widespread, likely permanent, client boycott across its key markets (US, EU, Canada). The closer examination of Q2 fundamentals ahead of the Q3 2025 release would be a great help.
⚖️ Q2 vs Q1
Revenue Decline : Revenue fell -12% YoY, automotive sales down -16% → confirms weakness in U.S., EU, and China.
Gross Margins : Erosion continued as price cuts + BYD competition intensified.
Operating Income : Dropped -42% YoY, reflecting higher expenses + lower leverage.
Net Income : Down -16% YoY → analysts’ earnings downgrades justified.
Cash Flow & Liquidity : Free cash flow fell, inventory buildup worsened liquidity strain.
Balance Sheet : Inventory levels rising as deliveries lag production.
Short-term : Bounce faces major resistance near supply zones — failure to break higher could trap late buyers.
Mid-term: With Q2 confirming Q1 risks, the bull case weakens unless Q3 shows clear recovery in demand and margins.
Long-term: Competitive pressures (BYD, Chinese EVs, European slump) + high CapEx needs keep pressure on liquidity and valuation.
🛟 What to Watch in Q3
Delivery Numbers : Any rebound in U.S., China, or Europe sales will be critical to reversing revenue decline.
Margin Stabilization : If Tesla can offset price cuts with cost savings or improvement in production efficiency
Cybertruck Performance : Demand recovery and reduced recall issues are needed to restore confidence in new models.
Inventory Levels : Watch if inventory growth slows - otherwise more discounting and margin erosion likely.
Cash Flow Trends : Improvement in operating cash flow would ease liquidity fears.
CapEx & R&D : How much Tesla spends on batteries, autonomy, and AI vs. how much cash it burns will be closely watched.
Institutional Sentiment : If big funds divest, rallies may keep fading at resistance.
Tesla’s bounce still looks more like a retail-driven relief rally than the start of a sustainable reversal. Q2 earnings show deterioration across key financial metrics. In Q3, watch whether Tesla can stabilize sales, margins, and cash flow failure to do so keeps the path of least resistance to the downside.
The Anatomy of a TSLA Retracement TradeBased on a detailed analysis of Tesla's recent price action, a compelling bearish thesis suggests that the stock is poised for a significant retracement. The current market structure indicates that the recent rally may be unsustainable, necessitating a retest of a critical support level to re-establish a more stable foundation.
The Bearish Hypothesis: Retracement to Trendline Support
The core thesis is that the price is set to retrace and test the integrity of the ascending diagonal support trendline. This is not an indication of a full trend reversal, but rather a high-probability correction. T
This corrective phase will likely see the price descend to the lower boundary of the channel. A retest of this key support trendline is a common and healthy technical pattern.
Trade: A short position could be considered upon a clear rejection at the recent highs or upon a decisive breakdown of a minor support level, with the primary profit target being the ascending diagonal support trendline.
The NVDA Trade: The Tactical Case for an NVDA RetracementNVIDIA's price has been confined within a well-defined ascending channel, with its upward trajectory governed by a diagonal support trendline and its upside limited by a confluence of resistance. The stock's recent attempts to advance have been definitively rejected by this overhead resistance zone, signaling a lack of sufficient buying pressure at current price levels.
The Trading Hypothesis
The primary thesis is that the price will re-engage with and test the strength of the lower diagonal support trendline one final time. The failure to decisively break the dual overhead resistance marks a key moment, suggesting that a retracement is necessary to reset market conditions and establish a more stable foundation for a future rally.
This projected move involves a retracement back to the lower boundary of the existing channel. The price action here will be critical. Should this diagonal support fail to hold—a high-probability scenario given the recent rejections at resistance—it would trigger a breakdown of the prevailing uptrend.
This breakdown would likely initiate a more substantial corrective wave, driving the price toward the next major horizontal support level. This lower support line, identified on the chart, represents a key demand zone where new long-term buyers may step in, providing the necessary liquidity to halt the decline and potentially form a new base.
Entry Point: The Red Arrow
The red arrow on the chart signifies the optimal entry point for initiating a short position.
Exit Point: The Green Arrow
The green arrow marks the strategic exit point for the short position. This level is defined by the next major horizontal support line
XAU/USD 15/09/2025Bias Map
HTF Bias: Bullish ⬆️ (85% probability)
Key Liquidity Zones:
Above: The recent high at $3,660 and the subsequent high at $3,675. This is the primary target for further bullish movement.
Below: The low at $3,620, which is the immediate support level. A break below this level would invalidate the bullish bias in the short term. The next major liquidity pool is around the $3,600 psychological level.
Sniper Entries
Entry #1: Buy at $3,638 | SL $3,630 | TP1 $3,655 | TP2 $3,670 | RR 2.12
Entry #2: Buy at $3,630 (retest of previous resistance now support) | SL $3,625 | TP1 $3,645 | TP2 $3,660 | RR 3.0
Execution Notes
Session to focus: London/NY overlap. This session typically provides the most volatility and volume for breakouts and trend continuation.
Conditions to validate entry:
A liquidity sweep below $3,640 followed by a break of structure (BoS) on the M1/M5 charts, signaling a move back up.
Confirmation of a fair value gap (FVG) fill in the M15/M1 timeframes around the $3,638 price level.
The $3,630 entry is a high-probability setup based on a retest of the previous M15 resistance level, which is now acting as support. A clean reaction here would be a strong signal.
Risk management note: Use a 1% maximum risk per trade with an ATR-based stop loss for adaptive sizing. Keep maximum drawdown (DD) below 5%. 📈
Next week's Fed decision,Has the gold bull market peaked?Let's take a look at the trend of gold this week at the weekend. The strong bull market of gold has slowed down this week. After continuing to rise to 3600 on Monday, it rose and fell to a peak of 3675 on Tuesday. From Wednesday to Friday, it fluctuated at a high level. So, does gold still have the motivation to continue to rise in the current situation? Or is 3675 the ceiling? This recent surge in gold prices began at 3311, reaching a high of $364 at 3675. Based on previous upward trends, a bull market typically peaks just over $400. Therefore, with limited room above 3700, blind buying is discouraged. Be wary of a potential reversal of price action after reaching the peak, with the upper limit at 3750. All of this depends on the Federal Reserve's interest rate decision next week. The market will become increasingly cautious as we approach this date. Therefore, gold is currently adjusting at a high level, just shy of a final acceleration towards the top. The uncertainty remains as to whether this acceleration will occur before or after the Fed's decision. If the rate cut is just 25 basis points, gold will have no further momentum to rally. Buying on expectations and selling on facts will lead to a peak and decline upon the announcement. However, if the rate cut is aggressively implemented by 50 basis points, gold will likely experience further upward momentum, most likely leading to a decline after a sharp rise. Therefore, gold is currently in a tailspin. At the end of the bull run, it's best to be bullish rather than chasing the market. It's prudent to wait for a pullback at key support levels before resuming a bullish trend. Two key support levels to watch are 3580 and 3511-3512. Having already seen four consecutive weekly gains, there's a high probability of a negative correction next week. Even if gold does rally next week, it will be the final stretch. The world's largest gold ETF has been steadily reducing its holdings in recent days, with bulls gradually taking profits. We shouldn't be tempted to buy at high levels, especially for medium- and long-term investors. It's important to emphasize that the overall trend and direction of gold remains upward, directly linked to the weakening US dollar. However, market trends aren't linear. After each bullish cycle, there's a deep correction, and this cycle repeats. This is how trends form. See if this pattern persists. Trading, then, is a process of finding the right position, following the trend and the swings. A cost-effective position gives you the confidence to hold onto your position without panic. For gold on Monday, expect continued volatility. Upper pressure lies between 3655 and 3660. A breakout would undoubtedly trigger a test of the 3675 high, leading to a potential surge and then a decline. Whether it can reach 3700 depends on the strength of the market, but I don't think the probability is high, at least for Monday. Lower support lies between 3635 and 3630, the 618 golden ratio. A break below would signal a short-term bearish bias, potentially leading to further declines to the 3610-3600 support levels.
Monthly Forex Analysis: EUR/USD – Issue 210The analyst predicts that the EUR/USD rate will increase within the time specified on the countdown timer. This prediction is based on a quantitative analysis of the price trend
___Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Monthly Forex Analysis: GBP/USD – Issue 210 (Free Access)The analyst predicts that the GBP/USD rate will increase within the time specified on the countdown timer. This prediction is based on a quantitative analysis of the price trend
___Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
$AVGO – Strong Uptrend Intact, Backed by Robust Fundamental GrowSTRONG BULLISH | Ticker: AVGO (Broadcom Inc.) | Timeframe: Daily/Weekly
NASDAQ:AVGO is demonstrating a powerful and sustained uptrend, and the recent Q3 FY25 earnings report provides fundamental confirmation that this momentum is well-supported.
📈 Technical Perspective:
The stock is in a clear ascending channel, consistently making higher highs and higher lows.
It is trading decisively above key moving averages (e.g., 66-day and 198-day EMA), indicating strong bullish sentiment.
Each pullback has been bought aggressively, showing strong institutional support.
✅ Fundamental Catalyst (Q3 FY25 Earnings):
The latest earnings report acts as a powerful catalyst confirming the strength of this trend:
Explosive Revenue Growth: Posted revenue of $15.95B, a massive 22% YoY increase. This isn't just growth; it's accelerating growth.
Exceptional Profitability: Operating income surged 55% YoY to $5.89B, highlighting incredible operational leverage and margin expansion.
AI is the Driver: The Semiconductor Solutions segment ($9.17B) is fueled by insatiable demand for custom AI accelerators and networking chips. This is a long-term, structural growth story, not a short-term hype cycle.
Software Transformation: The Infrastructure Software segment ($6.79B) is successfully transitioning to a high-margin subscription model, creating a predictable and recurring revenue stream.
Shareholder-Friendly: The company returned $2.8B in dividends and is actively buying back stock ($2.45B this quarter), showcasing a strong commitment to capital return.
🎯 Conclusion:
The technical breakout is being validated by exceptional underlying fundamentals. The combination of leadership in AI semiconductors, a sticky software business, and superior capital allocation makes AVGO a premium asset. The trend is your friend, and the fundamental story confirms this friend has a very strong foundation.
Tesla Financials: Q1 2025The market is currently staging a short-term rally - essentially a speculative mean reversion bounce as a reaction to -55% crash from all-time high. This move appears driven largely by retail traders seizing what it perceives as a rare opportunity to accumulate an oversold "large-caps".
While retail participation and opportunistic capital are supporting the current bounce, this alone is insufficient to sustain a full recovery. As the price approaches higher levels, particularly near key supply zones, it will likely encounter significant resistance, resulting in reversal.
Let's not forget the fact that figures in Tesla’s Q4 '24 financial report initiated bearish sentiment among institutional investors which resulted in market crash. Similarly, the upcoming Q1 earnings report presents a clear downside risk, as the significant events throughout this quarter will inevitably be reflected in the financial figures!
Anticipated impact of significant developments on Tesla’s Q1 2025 Financial Statements
🛑 Revenue Decline
• U.S. Market Weakness: Lower-than-anticipated vehicle sales in the U.S. directly reduce automotive revenue.
• Severe European Slump: A significant 76% sales decline in Germany and weakness elsewhere in Europe will notably reduce international revenues.
• Chinese Market Challenges: A substantial 49% sales drop in China will negatively affect one of Tesla’s crucial growth markets.
• Cybertruck Weakness and Recalls: Reduced demand and multiple recalls of Cybertruck models further erode revenue growth.
• Resale Value Decline and Trade-Ins: Increased vehicle trade-ins indicate lower demand, causing inventory buildup, discounting pressures, and further sales reductions.
🛑 Gross Margin Erosion
• Price Reductions and Sales Incentives: Competitive pressures and lower demand likely forced Tesla to reduce vehicle prices and offer incentives, compressing gross margins.
• Increased Competition from BYD: BYD’s advanced battery technology (providing 400 km of range in just 5 minutes of charging) pressures Tesla to increase R&D spending or cut prices further, negatively affecting margins.
• Production Challenges (Supply Chain and Battery Issues): Ongoing global supply chain disruptions and difficulties scaling battery production significantly increase manufacturing costs, further squeezing gross margins.
🛑 Increased Operating Expenses
• Recall Costs and Legal Expenses: Vehicle recalls, along with lawsuits related to product issues such as phantom braking, will significantly increase warranty provisions, legal fees, and related operating expenses.
• Protests and Vandalism Costs: Public backlash and vandalism necessitate additional expenditures on security, facility repairs, and public relations initiatives.
• Employee Turnover Costs: Departures of key personnel result in increased recruiting, training, onboarding, and severance expenses.
🛑 Net Income and EPS Impact
• Analyst Earnings Downgrades: Already-reduced EPS projections by major analysts suggest Tesla will likely report earnings below expectations, reflecting revenue shortfalls and elevated expenses.
• $1.4 Billion Financial Discrepancy: If confirmed or unresolved, this discrepancy could lead to substantial asset impairments, restatements, or write-downs, negatively impacting net income and earnings per share (EPS).
🛑 Cash Flow and Liquidity Pressures
• Lower Operating Cash Flows: Reduced revenue coupled with rising operating costs (including recalls, lawsuits, security, and PR spending) severely diminish cash generated from business operations.
• Increased Capital Expenditures: Additional CapEx is likely required to address battery production bottlenecks and delays in autonomous driving technology development, resulting in elevated investing cash outflows.
• Investor Divestment and Stock Volatility: Negative investor sentiment could lead to costly equity financing conditions if Tesla needs to raise capital, adversely affecting financing cash flows and liquidity.
🛑 Balance Sheet Risks
• Rising Inventory Levels: Weak sales combined with continued vehicle production may lead to increased inventory levels, reducing cash and potentially requiring markdowns or provisions.
• Debt and Liquidity Challenges: Deteriorating credit metrics or covenant breaches could make refinancing existing debt more expensive or complicated, negatively impacting Tesla’s financial stability.
ICON — Breakout from Rectangle with H Projection Targeting $700ICON (3D) — Technical Structure Analysis
ICON has broken out from a prolonged horizontal rectangle pattern ($380–$540). The move activated a measured move structure with two H-sized waves. The first H was completed. The second H projects a move to the $700 area.
Key points:
-Confirmed breakout from range
-First H = 153 pts, completed
-Second H = 162 pts, targeting $700
-Price holding above breakout zone ($515–$541)
ICON has moved out of accumulation and entered trend expansion. As long as the support holds, the scenario remains valid. The technical model targets the $700 area.
stacey burkes tradingstacey burkes trading This is how you can trade the week using a fibonoci technique. the system is easy once you do the same process daily and countinue to see the trades. You got this!!
GRAB 1W: Two Years of Silence — One Loud BreakoutGRAB 1W: When stocks go quiet for two years just to slap bears across both cheeks
The weekly chart of GRAB shows a textbook long-term accumulation. After spending nearly two years in a range between $2.88 and $4.64, the price is finally compressing into a symmetrical triangle. We’ve already seen a breakout of the descending trendline, a bullish retest, and the golden cross between MA50 and MA200. Volume is rising, and the visible profile shows clear demand with little resistance overhead.
The $4.31–$4.64 zone is key. Holding this level opens the path to $5.73 (1.0 Fibo), $6.51 (1.272), and $7.50 (1.618). The structure is clean, momentum is building, and this accumulation doesn’t smell like retail — it smells institutional.
Fundamentally, GRAB is a leading Southeast Asian tech platform combining ride-hailing, delivery, fintech, and financial services. Yes, it’s still unprofitable (–$485M net loss in 2024), but revenue is growing fast, recently crossing $2.3B. Adjusted EBITDA has been improving steadily, and the company holds $5.5B in cash equivalents with minimal debt — giving it excellent liquidity and expansion flexibility.
Valued at ~$18B, GRAB operates in the world’s fastest-growing digital market, with increasing institutional exposure from players like SoftBank and BlackRock. The 2-year base hints at smart money preparing for the next big move.
Tactical plan:
— Entry: by market
— Targets: $5.73 → $6.51 → $7.50
— Stop: below $4.00 or trendline
If a stock sleeps for 2 years and forms a golden cross — it’s not snoring, it’s preparing for liftoff. The only thing left? Don’t blink when it moves.
ETH/USDT 1D chart review🔎 Technical analysis
1. Trend
• You can see a clear growth trend line (orange). The price consistently reflected from her, which means that the buyers defend this level.
• Currently, the price is above trendline, which is a bull signal.
2. Support and resistance
• Support:
• $ 4,429
• USDT $ 4,556
• resistance:
• $ 4.687 USDT (current price fight - this is where the market is testing)
• USD 4,793 (strong resistance)
• USD 4,954 (key psychological resistance - nearly 5K)
3. Candles
• We have a long green up move - the momentum is strong.
• The last candles show a little indecisive at 4.687 (upper shadows), i.e. possible consolidation or back.
4. STOCHASTIC RSI (oscillator at the bottom of the chart)
• enters the purchase zone (> 80).
• This often heralds correction, but in strong trends the indicator can last long.
⸻
📊 Scenarios
• bull (continuation of growth):
If ETH stays above 4.687 and pierces 4.793, the next goal is 4.954 (and then psychological 5,000).
• Bear (correction):
Rejection 4.687 and descent below 4.556 can open the way to the Trendline test around 4.430.
Puncting the trend down is a reversal signal and a possible drop towards 4.200.
⸻
📌 Summary
• Main trend: upward.
• Momentum: Strong, but the indicators show buying.
• Strategy:
• Careful entrances with support (4.556 / 4.430).
• confirmed breaking 4.793 = strong signal for further increases.
• Stop loss below Trendline (~ 4,400), because it will negate the current script of the bull
Ethereum Trade Setup📲 NFX Trade Alert – Swing Setup
💹 Instrument: Ethereum COINBASE:ETHUSD
🛒 Trade Type: Swing – Buy at Market
📍 Entry: $4,690
⛔ Stop Loss: $4,624 (tight stop placed just below the S/R breakout level)
✅ Target Profit: $5,050
📊 Trade Setup Analysis – BINANCE:ETHUSD
MARKETSCOM:ETHEREUM Ethereum showed no weakness over the weekend, breaking decisively above the $4,650 resistance and extending toward $4,750. Price has since retested $4,650(23.6% Trend Fib), with strong rejection confirming this former resistance is now acting as solid support.
We’re applying a tight stop loss at $4,624, just below the breakout level, to minimize risk while maintaining bullish exposure.
With this breakout confirmed, there’s no major resistance until the previous ATH around $4,950. The path remains open for continuation higher.
⚖️ Risk management remains key - even strong, high-probability setups demand discipline and protection. 💚
On-Chain Analysis: Understanding the Real Behaviour of BTC & ETHHello everyone, trading crypto isn’t just about looking at charts. To stay ahead, you need to understand the actual behaviour of holders, large capital flows, and buying/selling pressure – and that’s the power of on-chain analysis.
1️⃣ MVRV – Profits Reveal Market Sentiment
MVRV = Market Value / Realized Value. Simply put, it shows the average profit/loss of holders.
High MVRV → many holders are in profit → risk of selling increases.
Low MVRV → many holders are at a loss → the market is more likely to bounce.
Practical example: BTC dropping to a low MVRV zone during a long-term uptrend is often a good entry, because weaker holders are less likely to sell and price can rebound.
2️⃣ NUPL – Market Psychology in a Single Number
NUPL = Net Unrealized Profit/Loss, measuring total unrealized gains or losses of holders.
NUPL > 0.6 → market is greedy, pullbacks likely.
NUPL < 0 → market is fearful, cheap buying opportunities emerge.
Combining NUPL with price action and volume helps you choose buying/selling moments wisely and avoid FOMO.
3️⃣ Whale Activity – Tracking Big Players
Monitor large wallets (usually ≥1,000 BTC/ETH).
Moving coins to exchanges → potential selling → price under downward pressure.
Moving coins to private wallets → supply decreases → price may rise.
Watching whale activity ahead of major moves helps spot real trends, which ordinary charts might not reveal.
4️⃣ Exchange Inflow/Outflow – Let the Money Speak
Large inflow → more BTC/ETH on exchanges → higher selling pressure, price drops.
Large outflow → coins withdrawn → supply tightens, price tends to rise.
Combine this with trend, breakout points, and crypto news to confirm upcoming moves.
5️⃣ Application Tips
No single on-chain metric is a guaranteed signal. The strength lies in combining them: MVRV + NUPL + whale activity + inflow/outflow + price action + volume.
Example: BTC enters a low MVRV zone, NUPL < 0, whales withdraw → potential buying zone, confirmed by H4/D1 chart breakout.
Wishing you all successful trading and profitable sessions!
EURUSD : Status @ 10/09 (update)Let's continue what I discussed on 10/09. Now, I provide more details.
Perhaps many of you are discouraged when the price gives a false breakdown. Those who are easily discouraged should play something else.
I added two more 'trendlines' so that we can see more clearly how the price reacts to it. Which is why we need to pay attention to these lines.
This is the interesting part: 99.99% see a trendline at work. Perhaps only 0.01% see something else.
The next important line is 1.1730
One thing to remember is that the 'trendline' is pointing upwards. This affects how we trade, especially when executing the entry. One should know the pros and cons of selling in an upward 'trendline'
The red vertical line separates - when the line is below 1.1730, wait for a breakdown with 1.1730 as SL. When the line is above 1.1730 .........
So how would you trade this?
As of NOW, we can see two strong lines - the 'trendlines' and the horizontal 1.1730 line
I was saying that price might make a move before 17/09. Till then, expect volatility. If one can't handle volatility, do not play. But this setup above is very R/R friendly.
Trade wisely.
Good luck.
