Technical Analysis and Outlook: The currency is in doggy do rebound mode to the initial target of Mean Res 1.070 with a wild possibility of drifting to the Mean Res 1.075 - Resumption 2nd phase pullback to Inner Currency Dip of 1.046 will continue.
Technical Analysis and Outlook: The coin continues our technical analysis scenario from the previous week showing an earmark move to Mean Sup $21,500 as a primary destination. Once this knockdown market cools off, we will see a resurgence to the upside - the initial target of Mean Res of $23,600 with a solid rally to Key Res of $25,000 and the strong possibility...
I put in some bearshing and bullish scenarios, I believe we will keep going up to the next target at 429. I see many bears on the timeline and I think we need to keep going up before down, We will see, We are currently at a very important area for both bulls and bears, This fight at this place could play out longer than we think.
Dear investors, As you can see on the weekly chart, the price last week pulled back on an interesting support it tride to break multiple times and it ended by going up as you can see on the part I drew a box on, after breaking the 1st suport it came back to re test on the main interesting support to continue its way up. In case you got any question don't hesitate...
We are at a significant juncture on the S+P daily chart. Are we breaking down from a negative rising wedge pattern OR are we seeing a return to point of break out from the previous downtrend, which together with the 200-day ma at 3940 will hold and provoke recovery? It is really not clear! but I would hold off getting too bearish unless a CLOSE below the 200-day...
I would suggest that it may be time to tighten up stops for short EUR/USD positions....why? 1. We are at the base of the cloud on the daily chart 2. The RSI is low, but not yet oversold on the daily chart, however the 4 hourly chart is starting to show a loss of downside momentum. 3. We are approaching the 1.0482/1.0463 2023 low and 38.2% retracement, where we...
📉 AUDUSD has been showing a bearish trend, with price action indicating a potential downward movement. Technical indicators support the bearish view, with the RSI and MACD both showing a bearish divergence. 📉 Traders may want to consider short positions with appropriate risk management strategies in place. Like and share the idea if it's helpful.
Hello all and welcome to my channel. Looking at BTCUSD on the weekly timeframe we see that the price of BTC is at very critical support at 23k. For the price to get really bearish the price must break 23k, 21k, 20k, and then the Fixed Range Volume Profile point of control and the greater support which sits at 19k . Also Keep an eye on the stock market, and...
+1.6% HSI returns to the buying point. It's not a place to hold (for me) Keep an eye on the market, and be patient. Good luck and happy trading. #HSI #trading #Backtesting
Expecting April 1st maybe a decent run for a short while and then all crashing yet again. Let's watch and see... I hope I am wrong.
Technical Analysis and Outlook The index Mean Res 4145 was the culprit target with the recent Intermediary Up Trend as shown on S&P 500 Daily Chart Analysis For the Week of Feb 17; all three targets were hit - Mean Sup 4060, Mean Sup 4015, and the Inner Index Dip 3980. The newly created Mean Res 4028 is our intermediate upside target - Dead-cat bounce. Keep in...
Technical Analysis and Outlook: The Eurodollar continued a downward spiral this week, as shown on EUR/USD Daily Chart Analysis For the Week of Feb 17. The price action hit our Mean Sup 1.066 for several days, indicating its bearish mode. The leading downside target designation is Mean Sup 1.052 and the Inner Currency Dip of 1.046. Once this puppy hits our targets,...
Technical Analysis and Outlook: After hitting our Key Res $24,500, as shown on the Bitcoin Daily Chart Analysis Update For the Week of Feb 17, the coin is retreating aggressively, striking our target of the Mean Sup $23,500 as marked and showing an earmark move to Mean Sup $21,500. Once this puppy settles down, we will see a resurgence to the upside - the initial...
My advanced modeling and TV scripts recently turned BEARISH on the Daily SPY. This means the markets have moved into a RISK-OFF mode - likely preparing for additional downside trending. While the Weekly modeling continues to stay BULLISH, I'm writing this update to warn my followers that both the Rotational Modeling and the TT-3MACD strategies have turned...
3 Bullishness indication : ------ 1. BB---- Range support 2. Fibo---1D TF 0.618 Strong Support 3. EW----Wave 2 also in favourable
the stop loss is far away, but I will treat this as an investment, not a quick trade
Here we are looking at the Q’s on the Daily TF… As you can see, we will be analyzing QQQ’s breakout from its macro downwards sloping resistance which dates back to January of 2022. After a full year of being rejected from this downwards sloping resistance, QQQ broke out in January of 2023. What should we expect now? As marked by the horizontal (yellow) line,...