GOOGL is a mature stock and tends to be very respectful of fibs, previously it was able to run up to the 5.618 fib of the 2009 crash (pretty much to the dollar) prior to the COVID crash. Assuming a similar outcome GOOGL still has room to run up to $3937 before a correction back to its current levels around the 3.618 fib.
What is up my Tradingview family! as you know I have been posting bearish charts on Bitcoin in the short term but today I would like to share with you what is happening in the BIG PICTURE. When I saw a short term correction coming I took profits and reduced risk HOWEVER I never EVER sell 100% of my position on Bitcoin because this is simply stupid considering the...
Hey, as you can tell from my title I'm new to the fam but I'm feeling gold and I'm feeling good. My confluences for this trade were firstly, I noticed that price was rising on a bullish trend. As you should know if you're a gold trader that gold trades in levels. Right now gold is testing around the mid major level. Secondly, I drew my market structure just under...
The pair has dropped for the whole may, and the price is currently sitting on trendline support where also daily 200 ma is located. It's also currently bottom for the channel and bulls could take the dominance from these levels. There are few "roadblocks" for the upside movement naturally, and the first one is on the 1.83 ish where the decision for the trend is...
Yen has been steady, and when it's strong, the ride feels like never-ending. However, the price has arrived in weekly 61.8 fib, which suggests that some correction will happen. The overall trend, of course, is bearish that's clear as blue sky, but I'd see price correcting at least 100 pips to top of the channel before it's clear which one is dominating from that...
breaking the 0.8421 zone in 1 hr and 4 hr chart makeing new trend if it revers to Re-Test again .8421. am looking to word 0.84600 as a target.