Gold against the Dollar have been sideways since September I st, 2022 , traded between 1700 to 1726 for almost a month for almost half of the month, Stronger CPI data on Tuesday affect the gold market by making the Dollar strong,
Bearish momentum has supported by Inverted Cup and handles pattern ,
Market sentiment on Gold also mostly bearish, it can be understood...
We expect that the price will be decrease. The price of the MARA is forming a potential inverted cup and handle pattern. RSI is overbought and shows us that it is selling time.
Entry, stop-loss, and target levels are in the chart.
STAN on the daily chart has put in a double top.
An inverted cup with handle pattern is forming down towards the 200 EMA.
Once price closes below the 200 EMA I will be looking for a short position. Around £5.40
Measured move (Size of Cup) will be my first profit target at £4.32 which is also an historical support level.
Stop initially at top of handle around £5.96.
in 2021, I noticed some patterns on both the BTC chart and the QQQ chart.
Now these patterns are happening again on both charts.
Last time, they didn't confirm. The market bounced back up.
It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people.
I'd say it was a coincidence,...
Will We “Affirm” ( NASDAQ:AFRM ) A New Direction This Week?
I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock.
Bullish divergence on the daily chart.
AFRM is in the buy zone.
AFRM is in a range on the daily chart.
Is NIO Emptying The Cup?
Please drink water my fellow traders because we all need to stay hydrated. Summer time will be here before you know it. Therefore, I encourage you to increase your water intake.
On another note, NIO developed an inverted cup and handle pattern on the daily chart. My question to the trading community is...
Earnings were not kind to $LCID.
Lucid Group cut its car production forecast for this year by as much as 40%.
The company cited supply chain constraints and parts quality issues for slashing production to between 12,000 and 14,000 vehicles, down from initial expectations of 20,000.
“This reflects the extraordinary supply chain and logistics challenges we’ve...
- 4hr inverted cup & handle pattern
- Bearish DMI
- Bearish PSAR
- Bearish Golden Cross on EMAs
- Below VWAP (currently 257.19)
- correlation w/ BTC reshort into 45K and potentially 41K liquidity zones
- 4hr technicals flashing weighted sell signals (oscillators, pivots, moving averages)
Price Target: 230 with potential all time low test
Inverted Cup with Handle and Descending Triangle, Oh My God...
These prices of all top 10 coins are so intimidating... But, cant ignore these signals!!! Is there anyone who knows better than me tell me that I am wrong...
An Inverted Cup with Handle in 1H BTCUSDT.
Descending Triangle in 1H BTCUSDT.
All signs are pointing towards a sharp drop... On top that, it...
Welcome Hyperspace Agents,
This is the second part of US OIL. Part V2.
In order to understand this chart. You must do the following:
- View the ENTIRE Time-Series Analysis.
- View Pt. 1 of the US OIL idea.
-Try and Grasp the understanding of Harmonics and Inverted C&H formations.
-Be open minded.
Please see the snapshots in order. They represent a snapshot...
Scenario 1: Form an Inverted Cup and Handle/ H&S Pattern at 410 then go down and retest 380-383. A break above 415 invalidates this pattern.
Scenario 2: Go up to 0.618 fib/ S2 at 421 to finish wave (E) of this corrective wave, then go down and retest 380-383. A break above 440 means termination of the downtrend and hence this scenario.
Looks pretty bearish for a...