I know there is a lot going on in this chart... but it can be broken down into these simple components. PLEASE READ SUMMARY SECTION: Bullish (Green Box): 1. Pattern break: For the past month, it looks like we have been accumulating in a pattern similar to a symmetric triangle. With the recent pump, we broke out of this triangle to the topside and the dump...
All projects take time and require patience, but with limited visible progress in recent years for XRP both the short and medium term outlook is bearish. Long term prospects for XRP depend entirely if you are a believer or not, so if you are a believer the long term future is naturally extremely bullish. However, since XRP has made only lower highs for two years...
The self-fulfilling prophecy of a post-halving dump combined with a three year old pennant structure is keeping us in an increasingly small range, meaning we should be relatively neutral on BTC, in the medium term only. Short term a grind back to $6k pennant+200MA support is highly probable. Medium term a move back up to $8.2k resistance. Long term the journey...
Bullish Confirmations: - Would need to close above the 21 EMA - Close above volume support - Close above major 0.236 retracement level (thick dotted red line) Bearish Confirmation: - Closing below 21 EMA - Closing below volume support - Strong rejections off the 0.236 levels Target zones can act as pivot points and buy zones are contingent on momentum and...
Stng has some incredible volatility over the last days as well as record high volumes. Kinda an unpredictable stock for the short-term. Oil is rising again and tanker rates are falling. Imo Q1&Q2 are already priced in. Today's results will help us understand where this one is going...
Oil is rising and OPEC cuts down production... don't see this baby going up in the next months... for me there is a probability that they will inflate earnings because if not now when? However next week could be devastating would not risk to take a position at this point!
The market is at the cusp of very volatile activity. Movement can happen in either direction. This idea is drawn up on the daily time-frame and is a plan for the next couple of weeks. Not much to say right now but will be updating the post if bearish movement is confirmed. For now, I am preparing for movement in either direction, waiting for trend confirmation.
The market is at the cusp of very volatile activity. Movement can happen in either direction. This idea is drawn up on the daily and 2D time-frame and is a plan for the next couple of weeks and should be used in conjunction with my bearish scenario as both are valid. Not much to say right now but will be updating the post if bullish movement is confirmed. For now,...
MEDIUM-TERM **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
It looks like the corrective wave (2) of the bullish minor degree has ended at 0.7434 with an open complex w,x,y minute pattern. The recent upside looks impulsive (awe could expect a more complex pattern with a flat likely to appear) and fresh highs could be expected once a valid breakout of minor 1 top is seen. In the short-term, we could receive a deeper...
Previous top from early January(double topped back then) was nearly reached this week, but rejected. Fib/support levels show a short term low upcoming at .786 of the fib levels on the right of this chart, if that is hit it looks like further downward progress to the 0.382 level of the longer term run up that began in May. Weekly Chart(not shown here) has candles...
CHFJPY Timeframe: H4 Direction: Long Confluences for Trade: - Strong Bullish Engulfing Candle - Break of Trendline in H4 (Established since Sept 2018) - Hovering around 50% Fibo levels of previous uptrend move - Narrowing gap between 8EMA and 50EMA - SL Levels is placed below the M/T Trendline (since May 2018) and 61% Fibo levels of previous uptrend...
Hi pros! target : 1.28 Trading plan: -2 or 3% MM no leverage -move sl to breakeven when 1:1 or 1:2
Structural HnS on h4 price moving towards retest of descending trendline, sell on candle stick confirmation on h1/h2/h4.
Retest of daily significant resistance level, bears about to take control of this pair , price moved to make a confluence touch on the resistance level of the descending trendline, expect price to attempt to take out the Low of last week . Immediate short at the current price of the high of this week. Short term sell to medium term , TP at support below of last...
EURAUD has found way to move back up to retest the broken support zone turned resistance , if this level holds a short may be taken from this level- entry level time frame on h1 candle stick reverse pattern. else price will break through to retest descending daily trendline before continuation to the downside , price in weekly shows significant supply zone...
Raising bearish wedge formation A sell is possible from tomorrow on h4 or h1 candle stick signal, but safer to wait for directional breakout of this raising wedge, the market has a tendency of breaking structural setups on higher time frames, this is a high probability setup, but caution should be met with this pair. USD index is still with the bulls. I am...