The S&P had an extremely choppy day on Friday. Prices oscillated wildly between 3791, and just below our level at 3867. Currently we are testing the upper bound of that range. The volatility and failure to break through to lower levels coupled with the testing of the upper bound suggests we may see a breakout to the upside today. Watch for 3867, 3887, and 3910...
USD/CHF - 4HR Chart Price has been trading in this ascending channel. Not long ago we saw 6 year lows on this pair. We have remained bullish on the USD throughout. Price is testing the topside of our structure. Will we see a breakout to the upside or a retracement before another bullish push?
Our inverse head and shoulders breakout was very short lived for stocks. The S&P has retraced this entire move and then some. It even broke past the head of our inverse H&S. Currently it is finding support at 3809, but it looks to be getting really comfortable with these lower levels. The Kovach OBV is very bearish, and the oscillatory behavior registers major...
We are seeing an emphatic bull wedge breakout in Litecoin. This is well received by Litecoin holders, who were eagerly awaiting some traction. As we are writing this, we are watching Litecoin cross the vacuum zone and test one of our levels, $202. This is psychologically and technically significant as we have regained the $200 handle. Watch how LTC behaves...
Bitcoin has just broken out from a bull wedge pattern. It could have gone either way, since the trend was actually bearish before the consolidation pattern. We are above $50.8K, which is a support level. This is a good sign, but if it is a fake out, and we retrace further, another smack down could bring us all the way back to $45K or even $42K. The next level...
Stocks have broken out from the inverse head and shoulders pattern we called out yesterday. They first met resistance at 3937, then retraced to 3909. Both of these levels were explicitly called out in our reports. If 3909 fails to provide support, we will see support again from 3887, which is the neckline from which we broke out yesterday. If the current price...
Price has hit our long term targets at the bottom of previous structure and since has found support at the level. Will we see NZD strength prevail and price break further to the downside for the rest of the week? Have a great trading day.
If you liked the review, write your opinion in the comments. And also other reviews on my channel. Link in the description. Hello dear traders, friends At the moment we are considering Bitcoin positions. From my last price analyzes, practically nothing has changed. I'm still looking forward to a good fall. And I'll explain to you why now. At first: The price...
Here is one amazing breakout appeared after head & shoulder chart pattern. The breakout is towards downside and now stock is seems to respecting the support level. Its Buy call only if next breakout candle forms with bullish confirmation .
Cryptos have gotten battered last night in the Asia-Pacific session. This is a proper crypto selloff that we have not seen in a while, because cryptos have been mooning for some time now. But these dumps should be anticipated and tend to come out of nowhere. This is not the end of the world and we are still very bullish of Bitcoin, but technical retracements do...
Ma cross at bullish way, but RSI is 75. I'm waiting for 24.5-25 to take long position. Idea for 2-4 months. What you think about it?
This pattern has strength and indicates that higher rates will be here to stay for quite a while. This could cause issues in other markets and the dollar strength.
Shout out to @Nanda86 for this awesome Monthly, Weekly, Daily OHLC Indicator. Amazing gift to the TradingView Community!! See the Monthly Hi Support bounce overnight Globex on the Micro ES
Entry around new weekly pivot and L3. Stop Loss on L4 or halfway between L3/L4. Target for taking profit H3. And if lucky H4 5 and 6. Weekly camarilla and CPR central pivot range methods.
The trend has clearly broken on this 4 hour chart and it looks like we are going to either find support or what I think is more likely (and interesting) retest the $640 area of consolidation. There is a lot of bullishness behind TSLA but a healthy pull back may be a good opportunity to get in below the all time highs for the first time in a while.
D1 main support zones for BUY long. Are you agree with me? Check my other ideas.
Stocks continue to see volatility at highs. We had a nice burst of bear momentum yesterday as the markets were pretty risk off. We have gotten support from 3887, and this seems to hold. Broadly, the S&P is likely to hold the rather large range between 3887 and 3963. We are at 3909 right now, which is broadly in the middle of this range. It could go either...