Price has bounced off of the 38.2 level with a strong bullish engulfing candle of price action. Demand is showing more pressure vs Supply, indicating the buying orders should be stronger. 200 EMA and Anchored VWap are also supporting price. In coming days, expecting to see a full return to the supply zone. NOTE: This is not trading advise; trade at your own risk.
This is a Daily chart for Gold. On it we can notice that the price has formed a massive symmetrical triangle. As per the deffinition of the pattern, after the price produces a breakout up or down, the potential movement can be equivalent to the distance between the highest and the lowest points in the pattern. This is about 215 USD movement If the price breaks to...
Theta has reached the zone of EMAs, which is holding the price back, or is it? We have displayed here the major resistance and support zones and two possible scenarios to happen upon breaking out or breaking down from those EMAs. What do you think? Which way will we go? Swallow Team
Silver is oversold and undervalued now. Falling Wedge broke upwards and started the bullish trend. On the weekly chart, the 21-day SMA will cross the 50-day SMA next week. It means a major bullish trend will begin with expected break of 676-day major Triangle. I also expect a big decline on Gold/Silver Ratio and DXY which is good for silver. Formed Patterns : ...
Price correction is over. Time correction is over. (check yellow highlighter) It has surpassed the earlier peak. Now moving towards the next resistance. TARGET -1 : 2550 TARGET -2 : 3000 STOP LOSS: 2150 **These are my personal observations. Please trade at your own risk.**
My last post was a little premature. We got an inverted hammer on multiple timeframes looking like we might even get a morning star the 50 day ma might reject the deathcross and rejections can be more powerful then breakthroughs i think the bears are exhausted ! Seeing huge signs of reversal all across the board
Btc Has had a Strong Pull Back as Predicted by the Indicators. I'm not Liking how Close We're Coming to a Deathcross
Clearly over 24 hours ago on 4 charts our indicators pinged sell and warned you clearly that the market was exhausted If you'd like to use these indicators on your own timeframes as well as your own symbol you can access ALL Tracking Technicals indicators for as little as $9.99 a Week Make your money back in a few trades! Or save the money By not Longing when the...
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...
Waiting for Gold to break structure & become bullish. Once its bullish, I'll then wait for the pullback to the previous structure point & AOI to go LONG
Few Lessons to be learned from the recent saga of IT Raid on a company. On the onset let me clarify that we do not have absolute clarity of what has transpired so far and what will transpire between IT department and Polycab. We are not blaming the management nor saying tha it is innocent. We are just trying to summarize if we can and take home some lessons...
Tesla has been one of the biggest growth stories in recent history. But now it may be going into distribution. The first pattern on today’s chart is the bearish outside candle on December 28. The reversal pattern marked a lower high compared with mid-October. It also began a stretch with prices falling in eight of nine sessions. The decline left TSLA at its...
Sand had a nice breakout from EMAs, securing this zone perfectly! We are looking here for a potential bullish bounce to the upper zones, which should be a sweet spot for a potential short position! We are not going to enter currently with a position as it is still a little early (just recently we secured EMAs but still showing a weakness near that zone) Waiting...
Hi Traders! EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below. Here are the details: There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area. We are looking for a momentum price break and a close...
The present gold price is showing a consistent adherence to the 50-day simple moving average, experiencing upward rebounds on three occasions in recent history.
This 1.5X leveraged ETF inverses the price action of TSLA with some amplification. From the continuance of inflation, to Hertz liquidating 20,000 EVs ( prominent among them is TSLA) in favor of return to ICEs to the rise of BYD in China and the ever present Musk in the news like firing Space X employees without due process, TSLA is challenged and...
AMEX:SPY January 12, 2024 15 Minutes. AMEX:SPY gapped up and hit 478 in the first bar. The Close was near the low of the bar. Since we expected 478-478.5 to be resisted shorted at 477 for 474 levels being a 38.2% retracement for the rise from 466.4 to 478.11. Also, it was near the 100,200 average. AMEX:SPY made low 472.28. For today's consider the rise of...
Daily PPMs are not showing any sign of momentum at the moment, hence price is expected to linger around it's current range for a few trading sessions. The PPM1 on the weekly chart is back in trend again, even if downward facing for this week. So I expect some easing of the downward pressure on price. Today is a Friday, and next week is predicted to have an...