Hi Traders! AUDUSD looks bullish. There is a double bottom forming on the chart, and there are opportunities for long entires. Here are the details: The market is currently holding above the price rejection support level of 0.65710. Preferred Direction: Buy Entry Level: 0.65737 Stop Level: 0.65494 Target Level: 0.66302 Technical Indicators: 20 EMA Please...
Resistance 2215 / 2315 /2479 Support 2075 RSI above 60 D /W /M EMA in Rane 20/50/100/200 Volume Growth
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
AMEX:SPY December 5, 2023 15 Minutes. As expected AMEX:SPY could not hold the levels as it opened the gap down. If we consider the fall 459.32 to 454.36 then it has retraced 50% to around 456 levels. If we take the last rise then 445.5 to 456 must hold today for uptrend to continue the HL HH pattern. I expect a trending day today based on open values. As...
PPMs are still pointing towards a downward momentum for the next 2 or so trading sessions. However after that, it is pointing back up at a recovery. We are still looking at a short sell off incoming. For some reason, the low fib targets are still in play. But the market grid is already narrowing bit by bit. The trading range has already narrowed quite a bit and...
I wanted to bring your attention to an exciting opportunity in the cryptocurrency market, specifically regarding Solana (SOL). Based on recent market analysis, it appears that SOL is poised for a potential breakout. Several key indicators suggest a favorable outlook for SOL's price movement. Firstly, the Relative Strength Index (RSI) is currently in a neutral...
looking to close above the 200 day moving ave on the daily also confirming above orderblock that was resistance now support nxt target 20% 6.60
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...
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...
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%)
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...
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...
Scanning the charts today and MCRT stood out from the rest. STOCH RSI is showing oversold in both the daily and the 4H Bounce off the 200EMA on the 4hr and 50EMA on the daily. Still hasn't broken out of the diagonal resistance line like so many other coins have so far. Looked at their website and seems to be a playable, multiplayer video game on both desktop and...
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...
Duolingo has pushed out of its IPO base after a gap up on earnings. The +21% gap up saw the largest volume ever traded (excluding lock up volume) and closed at the highs. The moving averages prior to the gap were compressed, but have since expanded from the run up in price. My plan is to go long DUOL on any pull back into the support zone at $220, or long...
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...