There are TWO W FORMATIONS
1. Price makes Low. Retraces- Then makes Lower Low to take out last of Liquidity then goes Long.
This gives the Sniper 3 Entries: #DBPPlay
#Switch or wait for the #BreakAndRetest 🥶💰
2. Price establishes LOW comes off the low make a higher low than goes LONG. Look for W SET UP.
Another confluence is: If GBPUSD isn’t buying at the...
Bitcoin has not recorded a low point on the daily chart since early September 2020. To give you an idea on how big this is last time we saw the price rise $55577 (600%) over 228 days. There are a few things to consider before you put on an epic 25x leverage trade... This new low has not reached its lowest point and BTC is still in a down trend. So how do we find...
BTC is forming a descending triangle in the weekly chart.
Possibly a bear continuation could result in lower lows, with targets at 10k
BTC needs a big volume spike to break the descending trend line. and form a double bottom in order to establish the bottom.
Monday will determine where we are. I have three theories for now. Most importantly I am not yet convinced the near-term bottom is in because other stocks that have followed the market pretty well have not finished their wave 5 bottoms which would have them notch lows lower than their wave 3 bottoms from June.
The S&P 500 index ended its last long bull run with a...
Price is making higher low
price is at horizental support along with daily trendline support . so now here we can espect bullish ralley .. price currently rejected frm horizental support.
entry .current market level and ride the trend with dow
A simple box in 20 candle to monitor price
Top is the highest and bottom is the lowest of close in 20 candles.
As close is moving outside this box then the signal is up or down trend.
low_val = ta.lowest(close, 20)
high_val = ta.highest(close, 20)
box bx = na
bx := box.new(time , high_val, time, low_val, xloc=xloc.bar_time,...
I copied red trend line from all-time high of bull market 1 to bear market low to next 2 all-time highs. Bull market 1 retrace perfectly matched retrace of bull market 2. Now we are in bull market 3 and if we retrace the same as 2 previous bull markets we are on the way to 10k. I would expect rally before that, something like 30-40k then big dump to 10k... before...
It is time to put LOW and HD on your radar for two reasons. One I like how the technical complex looks and the other is the fact a major hurricane is going to rip into Tampa, FL (where I'm at), or somewhere into the U.S.
In that same breadth it is imperative that we keep an eye on the Oil Stocks such as OXY and XOM, of which, I will be looking at and posting...
Pair Name: USD/JPY
Time Frame: 15 MIN
Analise Type: liquidity zones, order blocks
•Bearish trend but London session created a false breakout
•New liquidity created that hopefully will be reacted by the price
•Previous liquidity reacted well by the price
•Daily low created in London Session
I see the current downward trend as the steps of building a new falling wedge in the weekly timeframe.
One of the key prices I see for Bitcoin is the range of $13,000 to $13,800 and I think the price will tend to this range.
I hope you are ready for a good investment .
Yesterday we saw a breakout of 0,9950! Those are historical levels for this currency pair but that doesn't mean we shouldn't be looking for further continuation down.
We are now expecting to see price even lower. The next target is 0,9900 and basically the round numbers after that.
Entries could be made with aggressive stops and after any small pullback.