Looking at today's charts, there are mixed outlooks. On one hand, the daily outlook looks slightly more rosy with a spike in momentum being predicted in the coming few days. PPM1 looks to be waiting to pounce. The algo on the 10 SMA is showing the same thing. This can only mean that price is likely to push upwards. However, the weekly chart is still showing...
#LITECOIN once again got some SUPPORT from the historical SUPPORT zone around $56 - $61. Since August 2023 #LITECOIN took multiple SUPPORT and POST 140 days of price action a SYMMETRICAL TRIANGLE formation is seen with multiple new HIGHER LOW formations each time giving enough SUPPORT and possibly pushing the price to break out above the SYMMETRICAL...
If you were to draw a channel/rectangle for #gold futures daily chart, this one has the most relevant hits. These are the best set-ups IMO. Price is squeezing.
AMEX:SPY February 19, 2024 15 Minutes. 498.5 was protected and 503 was not crossed. For the day I will consider 2 rises. 490.72 to 502.86 and 494.4 ad 502.86 498 +- 0.5 becomes crucial today. No trade day today. I will watch for a setup to emerge. Holding the longs still and will close if 495 is broken on the downside. If AMEX:SPY is between 497 and 503...
DGB here 3 day chart. Looking at a likely pump into the range of the Red 200 moving average. Also prior top area. From here (30% target w/ 10% risk) from target long are (40% target w/ 5%) risk I want to see a pullback into the .00912 area to build a LONG position if allowed. Currently, there's a 12H stophunt giving a dip. Target 1= .0121 Target 2= .0137 Not...
We see the NASDAQ:PYPL has gapped down after earnings and breaking our upward trendline. It is currently retesting that trendline as resistance and if rejected this name can be taken short under $55. Its also notable to mention that the moving averages have crossed signaling downward momentum.
20 EMA support Study Nelcast on weekly time frame This chart is only for educational purpose
The Market is heavy sell side but it will take a breath and follow the fall As per price action formation has been made in 1 week TF. Its a very big move. Always check the sentiments of the market as per technical analysis, if the pattern get its respect. Best of luck to all traders. You are responsible for your Profits and loss, Shared for Educational purpose
ZM longs have been absolutely eviscerated since 2020. One of the quintessential names of the 2020 exuberance, it has since seen a 90% drawdown from the 2020 high to the 2023 low late last year. However, ZM has seen a trading range between 60 and 75 for almost a year now. This basing has clear analogs to Wyckoff accumulation, and the failed breakdown in October...
Reviewing the Binance Coin (BNB) against Tether (USDT) chart, it's notable that the Elliott Wave structure points to us currently being in the fourth wave. Correcting the previous analysis, we do not see the completion of the fifth wave but rather the fourth wave, which suggests that the market is in a corrective phase rather than an impulsive final wave...
+.17 on NASDAQ:META , +1.3R on $TSLA. - Zoomed in on a 3 min chart 1. ( NASDAQ:META ) 1st bear candle closing above the 10ema. I missed the beginning when the first bull candle closed below the 10ema for a short, SO I thought it might pull back up to the target. I immediately knew once it went up halfway and came back down I knew I was wrong. I got out for a...
Goldman Sachs has gone nowhere for two months, but some traders may look for that to change. The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it at the end of last year and has remained there since. That could suggest old resistance has...
moving averages here i used tell another story about a massive bullrun and about target fibonacci series mathematically predict $358K.
AMEX:SPY February 6, 2024 15 Minutes Yesterday's channel was not broken. 490.72 the recent lows become important now. In daily it is HL as of now. We have a wave 3 running as per Elliott oscillator count. We need to cross 503 levels still. Then we shall have a target of 506 levels for this move. Yester being a small gap up I went long after it was filled,...
TTD has been looking really good lately. Been tightening in a wedge since mid 2023. Currently sitting above the major EMAs and working on an inside candle today and showing decent relative strength after the weak CPI print earlier this morning. Earnings in 2 days, and have posted 5 consecutive beats.
Hi Traders! AUDUSD looks bullish as it targets the double top resistance on the 4H chart. Here are the details: Since breaking and closing above the 20 EMA, the price action has been aggressively bullish, and the market is now in an ascending price channel and is near the double top resistance at 0.65430. The plan here is to buy market dips at retracement...
It is placed on the support and a good point of Fibonacci
This weekly chart of the YANG /YINN ratio explains the rationale of the demonstration of the market cycle over the period of a few years as it relates to taking a swing trade in one or the other and finding the likely pivot points based on resistance and support as static levels or importance. Dynamic levels using an anchored VWAP and also a Bollinger Band are...