We see higher lows since mid may and in recent weeks some consolidation in the $18-$20 range. Price recently tested short term support at 17.95 and rebounded testing the .61 fibonacci level. Several bullish signals: 1. MACD cross 2. D+ crossing D- on the ADX 3. On balance volume confirming price The most recent candle made a potential double top so I would...
us weakness higher low demand zone 2020 lows trendline break gap fill incoming
Hello and welcome to this analysis Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD. The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374....
looking for a higher low near previous pivot (0.1170) and an intraday pattern for entry for (0.1364) pivot break.
Meta Short Term - We look to Buy at 164.56 (stop at 150.26) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Further upside is expected although we prefer to set longs at our bespoke...
Alphabet Intraday - We look to Buy at 2214 (stop at 2105) Buying pressure from 2150 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Our...
the price bounced on the 33k area on the monthly support and got the liquidity until the 0.382 Fibonacci level as new resistance. On the weekly timeframe, the price is testing the dynamic support. On the daily timeframe, the price had a breakout from the dynamic support and now the price is testing the previous support as new resistance. On the 4h timeframe...
GBPCAD has printed HL and will retrace to the stated target.
Hello everyone On Alpine daily chart ,we don't have much of perspective or structure,but we have a well preserved daily trend line, so if we consider the last 4 bars on daily chart a last bear flag (see in 4 hours), and that combined withe the higher lows that we see in daily,from here of in the next 2 candle we may see reversal happening. For now,it's...
Hello everyone As I explained last time, there was possibility of lower prices here,and well we had a small bear flag on 4 hours .As for this week, we might have a small swing to the lower channel and a touch on 1920$ as the context implies we may face a steep bear market in the future, but for the structure on weekly, we have big bull flag and on daily If...
Jubilant Food which runs Dominos in India is trading near breakout zone. Breaking above 2890 will make it a successful breakout. Potential target is 3150.
This is an update to my previous in depth video analysis of the Nasdaq. It looks like there is a possible higher low forming which could indicate the the underlying uptrend is resuming. I do however believe that there is still a strong possibility for a larger leg to the downside. Watch the video to see what I am looking at.
It's easy to get scared right now. But just know that if we don't put in a local lower low (below 44200), there is nothing to be scared of. This Wyckoff pattern is still valid, and so it looks like we will visit the 52k resistance anywhere this week or next week. Just saying... haha Regards!
Bitcoin close above the 40k on the weekly perspective, it's a good sign. On the 4h time frame, the price failed to create a new Higher High of 43k. We could see a bullish scenario if the price is going to create a new higher high with volume and confirmations as I told you in the previous analysis. on 43k we can see the supply zone. Otherwise, if the price is...
the price had a nice reaction yesterday due to the FOMC and now the market is testing the weekly resistance as new support 40660 it's an important level for Bitcoin. On the Daily timeframe, the price is trying to create a new Higher High above the 4h resistance (42k) On the lower timeframe (4h) the price is trying to have a new breakout from the pennant. How to...
🚀🚀🚀🚀🚀 Hello everyone, Are you already loaded? Bullrun right there! During the accumulation a flag was drawn, possible continuation of the downward trend after the retest from below (red line). The consequence will be a drop to the next shopping zone of $ 29,500, where there is strong support and many BUY orders. A dozen or so days ago, everyone was counting...
As you can see on the chart we got a lower low and after that we get to see a higher low. On the RSI we get a higher low on the lowe low and lower low on the higher low, this usually indicates a bullish pattern. RSI is overbought on the 4 hour chart. Strong demand levels confirmed. I don't know what else to say more than I think this is a great buying...
Long term up trend was broken @ 24,295 Grabbed support @ 29.2k then bounced to ATH's Sort of looks like a double bottom currently on this new trend line that was once resistance and broken @ 19.7k. Double bottom (Eve & Adam which is a higher low DB) isn't yet confirmed, will need to close green above 45.8k on the weekly. If confirmed the completed db pattern will...