Gold took a melt down of about 200 pips from the double top formed at 1948-1950 region. Shorts were planned out as per analysis below 1934 key level backed with fundamental data released yesterday. Despite the melt down as shown yesterday with very strong GDP data, there is still no confirmations of market shift. All time frame shows no shift in structure and will...
keep forex simple and dont do short cuts in your journeys stay in process in learning your only forex strategy don't keep changing it will create confusing and only have couple pairs tat you are willing to learn! God bless you stay safe
We have witnessed the resiliance of investors with the determined buying of the S&P FUTURES and the market as a whole.
The close with strength above 4055 was a huge victory for Buyers their next target and obstacle will be 4093.
Macro Downtrend has been broken, Can buyers hold?
My plan of attack for Verasity ($VRA)
- retrace to 618 fib
- even if this is a first impulsive wave of a larger 5 wave structure, I'd expect retrace toward green
- green is also a macro break of bearish market structure (dashed line)
- it's a key monthly level as well (solid line)
This could still push higher, I would still look to long green
Invalidated on a...
So when you look at weekly and daily timeframe we notice price action being support at support level, and forming double bottom in daily, as we move to h4 and h1 we see minor break of neckline indicating a transition to upward trend, we wait for a nice confirmation in lower timeframe like M30 to see break of minor neckline and nice retest and nice candlestick to...
After a massive Selloff, we now seeing finally finding support and we begin the rally to upside, we see a nice respect of 61.8% fib level and breaking the neckline of of double bottom and massive bullish momentum which give as a nice confirmation for a nice continuation to -21% level
wait for a nice retest of the broken neckline for entry to upside
Follow me...
In the previous charts, we talked about resistances and supports. The situation is still standing. Considering the Elliott waves situation, trading volume, and the market's trading structure, we will see downward price corrections. After that, acceptable price growth is likely, and we will keep you informed.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
📉 After breaking below the last major low in gray, MASK has been overall bearish trading inside the falling red channel.
MASK is currently approaching a strong daily support in blue 2.0
📈 For the bulls to take over again , we need a break above the upper red trendline AND...
I put a long in USD/CAD from $1.3395 CAD. SL in $1.3352 CAD and tske prodit to $1.3490 CAD.
We see an opportunity to long USDCAD
Also in H4 timeframe we see a bullish setup here. And price action in H1 timeframe speak us.
Also you can to chexk out my EUEGBP analysis that forst was a long and we pass it very well our analysis and now Im short EURGBP
Good luxk!!!
so for this trade we had bearish market structure with new lows and lower highs, we then saw entering NY we had a area of supply where price had previously sold from , we now also saw a key area and physiological level where we was expecting to see price react off 130.000 zone , we had also a 50% retracement from the swing highs the the pull back into our area ....
Basically AJ has been respecting the weekly and daily support, and we see a nice increase of momentum to upside as price forming higher lows and breaking the triple bottom neckline, indicating a transition from retracement to a continuation to upside
Wait for a slight pullback and put stop loss below the sexy candle incase we see price. try to find...
Here on AUDUSD we have a potential CHoCH. I say potential because if the high gets violated, we can expect price to continue moving upward. If price respects the 4 hr supply that I refined down to 15 min, I think that it will go down and take out liquidity then continue down to the 4 hr imbalance fill. After that, I think that price will reverse and continue up...
Hello traders
Bitcoin breaks 17200, the next purchase area is 16500. If Bitcoin responds to the area and rises, it will most likely be wave B for a larger correction and it will be corrective.
The DAX as a ZigZag correction .
Rules of the ZigZag correction .
1. Wave A must be an impulse or Leading Diagonal Triangle ✅
2. Wave B must be any corrective pattern (ABC) ✅
3. Wave b does not correct wave A more than 99% ✅
4. Wave C must be an impulse or Ending diagonal Triangle ❓
5. Wave C must be at least 70% of wave B from a price perspective ❓
6. Wave C...
G'day,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Short due to the overall monthly supply in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and...
