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Gapzone

Is AVGO’s drop over yet?Oracle AVGO — Price Analysis Chart A (Daily): Price had been oscillating within an 80-day channel, and after failing to reach the channel’s upper boundary due to repeated divergences, it finally broke below the bullish channel with two strong, high-volume daily candles—the highest selling volume seen on this chart in the past 68 days—and closed below the channel. Chart B (4H): This structure is also visible on the 4-hour chart as a wedge pattern, where price initially experienced a fake breakout to the upside and has now broken the lower boundary of the wedge. Outlook: This corrective move could potentially continue at least to the gap zone highlighted on the chart, which is a significant gap, and possibly extend further to the support zone at the lower end of the extended channel. Once price reaches these areas, we should watch for potential reactions. Note: This analysis will be updated as the situation develops. Follow me on TradingView for more analyses and live stock trades. NASDAQ:AVGO
NASDAQ:AVGO
by AG-Precision-Trading
EURUSD Shot Position1) Short-Term Price Action (1H Chart) EUR/USD FX:EURUSD has strongly broken out of its channel on the 1-hour timeframe and is now trading within the extended channel toward the gap zone. 2) Gap Zone & Key Levels The gap zone aligns with the 50% level of the larger 4-hour channel. This zone presents a high potential for price to reverse downward. 3) Reversal & Resistance Zones The main reversal area could be the resistance zone, especially where it coincides with a strong supply zone. Both the resistance and supply zones are key levels for potential selling opportunities. 4) Demand Zone & Short-Term Reaction If price declines, it is likely to reach at least the demand zone, which may trigger a short-term bullish reaction. 5) Risk Disclaimer This analysis reflects my personal view. Always trade based on your own strategy and trading system, and strictly follow risk and money management rules. I’d be happy if you follow me to catch all my market analyses and live stock trades in real time.
Short
by AG-Precision-Trading
Oil's Cyclical Behavioral PatternsIt is worth noting that oil changes its major trend direction during the month of June or January. The chart above is an attempt to show this relationship throughout the lifetime of CLZ2018. Also, another important aspect highlighted is the fact that CLZ2018 just tested the major gap area left by the bears in November 2014. Though there are no signs of the major oil trend changing, the higher highs and higher lows structure being still intact, nonetheless there is an increased risk at this point of that happening. Staying tuned for further tells.
NYMEX:CLZ2018
by Zoen_Trieste