I would normally want to see a deeper, full correction come in here (highlighted in yellow pen) but this is technically a completed ABC correction, with this last move down completing clear sub-waves. Being able to have confidence in a larger target is nice and i prefer waves for this, however dropping lower in timeframes/fractals i do prefer other techniques for...
Similar to yield, we have had a one sided approach in regards of price action with the weekly highs being made @ 116.18. My projection for short term bonds is 114.25 double bottom sweep., Short Sweet Simple
With predominantly bearish price action during the week, intraday sentiment is more shifted towards a continuation to the downside at this current time. Due to higher time frame narrative, I am looking out for a retracement to 4.563% hourly fair value gap. Candle body closure below 4.455% will negate the idea.
AUDJPY - DT: SLO2 @ 156.20 ⏳ SLO1 @ 147.72 ⏳ TP1 @ 131.562 TP2a @ 117.00 (Secret TP) TP2 @ 107.982 TP4 @ 92.532 TP4a @ 90.50 (Secret TP2) BLO1 @ 88.82 ⏳ BLO2 @ 79.807 ⏳ 🔑 BLO = BUY LIMIT ORDER HTF = HIGH TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT Long-term time frames (1 week to 1 year): — Shows the big picture, revealing major trends and...
In the crypto market, the largest assets are currently experiencing similar situations. On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers...
No don’t be stupid. However have lost count the times this question is asked. But price action is about to make a strong upward move. Why? 1) Price action and RSI resistance breakouts. 2) Strong positive divergence between oscillators and price action. 3) Flag breakout with confirmed backtest with 100% forecast. Is it possible price action corrects further?...
Market Structure Bearish on HTF Weekly Rejection at AOI Weekly and Daily Around same AOI Around Psychological Level Daily Rejection at AOI Strong Bearish Momentum H4 EMA Retest Rejection on H4 Time Frame Strong Level of Support Turned Resistance REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
Setup from Previous week still valid; Market Structure Bearish on HTF Weekly Rejection at AOI Weekly and Daily at same AOI Daily Rejection at AOI Strong Bearish momentum Around Psychological Level 0.59500 H4 EMA Retest Around H4 LH REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay...
On the above monthly chart price action has rallied 100% since March 2023. The rally follows the break of market structure in April 2022. The recent 100% rally has printed a rising wedge. This is a bearish chart pattern. Price action prints a bearish engulfing candle at broken market structure. Market structure resistance is also previous support that saw price...
In this live trading session video,we look at the BRTUSD trade that got recently stopped out for a small loss on the 100k traders challenge account. We also look closely at the drawdown and why this is happening according to the strategy characteristics on both 50% OE and 20% OE strategy. Finally, we explore on what we should do about this by looking at 3...
BINANCE:DOTUSDT Polkadat price formed the price floor of 5.70 and broke the supply area of 6.87 and the price MACD is above zero. From the point of view of buyers, breaking the resistance of 7.50 can start an upward trend in the short term until the next resistance of 8.83. For sellers, the 6.87 low could trigger a bearish move towards the 5.70 support.
I mean its crazy to think of selling Bitcoin But think of it its been Pumped to all time new highs investors would likely take profit to enter(buy) at cheaper price
Hey everyone! Hope you are all doing amazing! Just wanted to come on here and do a post for a nice swing trade position I am looking at on the USDCHF for this upcoming week! Just wanted to come on here and share some value with you guys as well as a potential highly lucrative trade idea...so lets DIVE IN! Okay so when taking a look at this currency pair we can...
H4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 02 May 2024 -> Swing: Bearish. -> Internal: Bearish. Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for...
Looking for Impulse Down. Nzdusd will start to move down soon on retracement. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments. Learn & Earn! Wave Trader Pro
Analysis using Multi-timeframe data (1h, 4h, 1d, 1w, 1m) COINBASE:BTCUSD
The stock has been in an up trend. It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now. It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe. One may also consider this for a swing opportunity , RSI intact in all time frames. Weekly price action shows,...
5 weeeks ago Nasdaq was at all time high It took 17 weeks 15 of them being positive weeks Stayed there for 8 weeks so its 25 weeks of Bull domination Considering that we left a gap at 5050 in 2016 I believe investors will be looking to put back their money when its dead cheap Not saying it will reach 5000 levels though