Hello everyone. NIO has dropped by almost 60% from the high created on early Jan of last year.
On the monthly timeframe, the solid demand zone is $16-$20 with a rally-base-rally pattern.
On the weekly timeframe, the key levels of $33-35 violation trigged sell-off. We can see that the long-term MA in red color served as holder for a while. If the current...
Looks like the 3rd wave DID in fact consist of a 3, 4, 5 on the Elliot wave. I am still holding onto this 200 day MA as support theory, while respecting the fib retracement levels at 46901 and 46232.
This would be the 3rd time we test / breach the 200 day MA in the last month. If we hold these levels again and start our reversal, I expect the whale bears will be...
Price has been rejected at resistance key levels for couple of times now.
Breakout of Bearish Correction trend line will move price (much) lower.
Lets not forget that the pair is very bearish due to massive Head & Shoulder Pattern on weekly chart.
Into at least the first half of 2022 I'm bullish on cryptocurrency due to inflation expectations. The $4385 price point, being the May 12th all time high, has established itself as a key psychological level. After failing as support on Nov 16th, multiple attempts to break it have failed.
Today, we once again broke $4385, and for the first time the level has...
Hope you have enjoyed the weekend.
Every week, I mark weekly levels for each currency pair to see how price reacts to them.
As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice)
This time I have annotated the chart with my prediction highlighting the regions I will be paying attention to before checking lower timeframes for confluences in the chart confirming my theory and placing a trade.
We missed this trade by about 9 pips. What we should have done was identify the key levels from previous structure and set our entry and stop loss by those points. Reminder to always get more detailed values by using key levels.
Step by step video breakdown of 210 pip short on GBPJPY, no drawdown. Proper use of your tools can go a long way to building confluence and finding great entries as well as targets to take profit at. Enjoy.
Contract - CME_MINI:NQZ2021
- PR High: 15543.50
- PR Low: 15523.75
- Gap: = N/A
- Session Open ATR: 212.62
- Volume: 24k
- Open Int: 240k
- Trend Grade: Long
- From ATH: -0.5% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 15819
- Mid: 15247
- Short: 14676
Keep in mind this is not speculation or a prediction. Only a report...
his pair is due for a major pullback right about now. Looking for this to pullback to the daily zone at 1.45811 or to 1.46638 lower low zone.
If the monthly doesn't test as support for the pullback, I'll look to hit the weekly zone area of 1.40569
Gold is still technically in a downtrend overall according to the daily timeframe. It rejected off the trendline for the 4th time last week, so we may possibly break the monthly to continue to swing sell.
I've created a pullback trendline underneath to wait for a bullish continuation, or a break of the BULL trendline as additional confirmation of the bearish...
We passed the monthly zone area of 156.552, but never retested the break of the zone. So it may test the monthly zone as support. If it fails as support, then price will push through to find its higher low at the daily zone of 154.859 or further down at the weekly zone around 152.594.
I haven't made the 4-hour zones yet to have all my Bull TPs. I'll add them and...
You are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators.
Entry zone: $0.099 to $0.101
Stop loss: $0.09
1st target: $0.116
2nd target: $0.1345
Beware of being hunted around $0.09, it could be a second entry point if the price drops suddenly, but we should wait and see the price action and the volume .
I will buy with half of the money I set aside for this position, and I will wait at the hunting point with the other...
Hey everyone .
So in short term timeframes (1H , 4H) AMZN is moving in a descending channel which is leading price to two strong support levels :
3175.00 and the second support level which is 2900.00
well of course for investors the price 2900.00 is very nice to enter
But for traders 3175 can be very nice after bullish confirmations (candles ,...
hello guys , I hope you're all well and having nice time .
let's see USDJPY now , I think the bears are entering right away for a nice short , but we need to hold on and wait for the candle to be closed and also we must take the confirmations .
As we can see in the chart
1- the price has touched a very important resistance with 3 touches , so our...
A pullback from the TL1 and $49300`s key level with a pin bar and TL2's up break shows that the price will go up. but, according to Trend Key Points indicator $51400 is an important key point and the price could range around it in the next run.
- Trend Key Points
- Abnormal Pin Bar
- Common Candlestick Patterns
A strong move may cause an up break for the range box and TL1. I will enter if that happened with a good candle. I also could wait for a pullback to the range box to enter. My stop loss or second buy could be around $0.9 according to the candle's status. and I'll take $1.28 as my first target and $1.5 as the second target.
TL2 has been broken by a range which...