Energy was the only the only major sector to fall last month. Is there more downside risk? The first pattern on today's chart of the SPDR Select Sector Energy Fund is the November 6 close of $85.70. XLE gapped under that level the next day and has remained there since. Last week saw prices attempt to rally but again stall at the same price area. Has old...
Hi Traders! GBPUSD looks bearish. There is a double top forming on the chart, and there are opportunities for short entires. Here are the details: The market is holding below the swing high resistance at 1.27466. Preferred Direction: Sell Entry Level: 1.27069 Stop Level: 1.28375 Profit Level: 1.24325 Technical Indicators: 20 EMA Please make sure to click...
T-Mobile US has barely moved since mid-2021, but now it may be attempting a breakout. The first pattern on today’s chart is the series of higher lows since June. Notice how the wireless stock apparently broke the top of that ascending triangle last month. That may signal continuation to the upside. Next, a falling trendline along the highs of November 2022 and...
This idea follows what happens after the 31k idea target was met, albeit briefly. A number of developments print on the above weekly chart, could spend an hour talking about. In summary: The 100-week EMA confirms a candle body print as support. This is incredibly bullish. At no point throughout price action history did a bull run not follow after this fact...
Hey Rich Friends, I think that AU will continue to sell today, this is what I am looking at. However, REMEMBER TO CHECK THE NEWS AND YOUR CHARTS BECAUSE IT IS NFP WEEK. - Previous resistance in the supply zone - Break of structure on the downside from the previous candle - MOM is facing down but not yet below 0. You can wait for it to cross below 0 for added...
While not a perfect construction this does look like an inverse Head and Shoulders. A break above the neckline resistance at 39.85 should see this poised to move to 42.00 and then the target of 43.30 which is almost 9% higher. Note price has been consolidating above the 200dma now for 13 days which is quite significant and i think the probability favour an upside...
over the next day or so price will struggle to break the 4H Support. I will look for entry in the purple zone with my SL setup a little bit below that zone
On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including: 1) RSI resistance breakout. 2) Regular bullish divergence. Measured over 2-months. 3) A Double bottom prints. 3) Price action prints on the 100-week RMA with the divergence. Look left. Is it possible price action corrects further? Sure. Is it...
CleanSpark Inc - NASDAQ:CLSK This is a unique mid tier BTC miner that is edging ahead of Cipher Mining in terms of size, production and reserves held (See below for the pecking order of 4 BTC miners). The CLSK Trade - Ideal entry would be bounce off 200 DSMA - Risk/Reward from here is 5.55 which is not bad - Stop Loss placement at 200 DSMA or POC Chart...
Novavax (NVAX) - signs of potential breakout 4-hour Novavax is a clinical-stage biotechnology company developing a vaccine for influenza. The company's stock has been undervalued for some time, but it is starting to show signs of a breakout. The stock is up over 40% in the past month, and it is trading above its 50-day and 200-day moving averages. ...
Here QQQ is shown on a 15-minute NASDAQ:QQQ chart. I have set up and executed a call option on QQQ. This is a recap. The first thing is to plan for the entry area. To do this I set a fixed range for the volume profile for a couple of days before the trade. Since the trade was on Friday, December 1st, the volume profile began on Wednesday the 29th of...
This pair has been making me some money lately. Ever since I saw it listed on Kucoin, I liked the name. Made me think of speed and I like fast trades! BLUR's been behaving quite predictably since I've been trading it and seems to still carry some steam. Recent rally averages (signals triggered by this same setup) are equal to +92.3%. So I'm aiming for anywhere...
Dear Valued Investors, O n the financial markets, we find ourselves immersed in the story of Gold (XAUUSD), a tale of resilience and growth. Since November 13, 2023, Gold has gracefully embraced a bullish trajectory, dancing its way from $1928 to a harmonious $2002. This surge reflects the prevailing positive sentiment within the market. O ur cherished ...
Welcome Investors, Dear Esteemed Viewers, Technicals Today's the 30 of November, and EUR's uptrend suffered a breaking. Technically, it means the downbreak of the rising dotted purple trendlines. This technically important price action aligned with a bearish cross on RSI and a bearish daily candle. The target price of this bearish setup is about $1.082, and...
HOSE:MWG Just testing the seasonal effect in MWG with the support of TA (MA + RSI) Entry: 38k Target: 44~48k (15~26%) SL: 35k (~8%)
Is gold cheap relative to oil? Divide gold by oil to do a ration Then 1 month candle, bollinger bands with a length of 80
Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Loopring / LRCUSDT has been trading under its 50 day moving average for a few weeks now (this is the weekly chart)....
With the algos on both the PPMs and the SMAs pointing downwards, the momentum of the relief rally seems to be short lived. Especially looking at the projected sharp drop in PPM 2 going forward into the next 2 trading sessions, it looks like the 21 SMA is going to be a hard ceiling to crack. Add to that both the faster moving PPMs are currently under their 2nd...