Hi Traders, I am looking at this potential Double bottom forming on the 4-hour time frame for EUR/USD We have pure divergence showing on the MACD. We have sellers weakening out on the histogram as well as the MA lines. This current candle needs to close ideally above the neck zone but needs strong bullish volume to accompany it. If we see that, then we can wait...
Currently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of...
Price action and chart pattern trading setup > Elliott Wave Analysis Mapping with ending diagonal positioning target downtrend reversal pattern > The current potential final wave 5 within the target zone extended 0.5 of wave 3 and retraced exactly 1.618 of wave 4. > Long 1st Entry @ Ending Diagonal downtrend line breakout and 2nd entry @ Elliott Channel Breakout...
Price action and chart pattern trading > Downtrend Elliott channel - ABC Flat Correction - Wave C extension 1.0 of Wave A projection > Projected target primary Wave II with correction subwave V at 1.236 - 1.618 retracement of subwave IV in the price range of 150 - 200. > Long Entry @ local downtrend breakout for 1st entry and Elliott channel breakout for medium...
Double bottom with divergence on MACD, RSI and Stochastic with 61.8% Fibonacci support from the bottom of the corona crash. Compared to the index finances are looking a lot better with JPMorgan Chase & Co. and Citigroup leading the way. Breakout of falling Wedge pattern shows a great opportunity for a Long position.
This could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far...
I wonder if this might signal a huge bullish reversal.
Hello! Bitcoin now started making some of the mess in charts as there is a clear indication of any breakout, but a short-term upward movement is happening in a very corrective manner. Keep an eye on Bitcoin as it may dump at any time. The $32,000 mark will give some relief to the market. Bitcoin is now trading above the $30,000 level and the 100 hourly simple...
In my analysis, I have used a logarithmic scale on the weekly BTC chart. First of all, I want you to pay attention to 200 days of Moving Average Exponential it is very close to the current price of BTC at the $26976 level. With all the inflation rate that we got today 8.3% plus 50 basic points monthly raise will continue we can expect that price could test this...
Fundamental Analysis With Airlines getting business back up and running in a slow fashion, the Airline industry as a whole has to return back to profitability. However it looks like investor confidence is still not bullish, and DAL isn't an exception to this case. For the short-run, there is still a bearish outlook for the industry considering the consistent...
i see double top pattern, weekly time frame on Gold , not too much sure but we have very big -RD and we can't ignore it cause higher time frames are more important than the lowers one, so just take care and be careful and don't miss the big money
Short $ARKK $84.42. Appears to heavy sell off. Downtrend will continue in my opinion. $ARKK walking on very fine line of support. Any further sell off below $85 area is not good for the $ARKK. Trading below all major moving averages. MACD turned negative recently. Current support level $85 area. If broken below then expect short target 1 is $73 area in coming...
hi guys If Bitcoin loses its current support, it will enter the range of 37,500 to 3,500, which contains a harmonic bullish pattern, but I think Bitcoin will experience a bullish move and rise to a price of 45,000, but at 45,000 Bitcoin 2 It has static resistance and 2 dynamic resistances And I also found a RD+ divergence that could be a sign of an uptrend for Bitcoin
Hey Traders, As you can see on the Daily Chart of Bitcoin (BTC). The price action has formed a falling wedge. The Elliot wave count shows that the breakout is imminent. The ema's are for decoration. We have hard resistance right now because not only is it a trend- line but there is also the orange basis ema of the daily Bollinger band in the same spot....
Holding the weekly bear flag although it broke many daily resistance already, we'll have to wait for a close as the last 6 weeks have been. WAITING
Hey Traders, On the four-hour, we can see the MACD is creeping up to a bullish histogram while the RSI is indicating strength is coming back into the market temporarily. If this happens we will definitely cross the four-hour ema orange basis line of the Bollinger Bands . Safe Trading, -Pulkanator
Hey Traders, As you can see on the Daily Line Chart of Tesla (TSLA). The price action has formed a Descending Broadening Megaphone/ Wedge which is a Bullish Pattern. Now in fundamental terms, I think this is impossible at the moment because Tesla already has such a big market cap but in technical terms, this looks like it could happen. Tesla is a company mainly...
Basically the same idea that I posted last week about the Bearish Divergence in $DXY but more time has passed, and it looks even more pronounced in the Euro itself. Pick your poison: /6E, /M6E, EURUSD are all good Long candidates to play this idea. Another good option could be to short /SFX - which is the Small Exchange's US Dollar Futures contract. If you don't...