On he above 4-day chart price action has corrected 99% since $9 in 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms the 21-week EMA. 3) The falling wedge breakout confirmation may now be used to forecast the market top for this alt.token at 6000% from the lows. That’s just shy of...
On the above 4-day chart price action has corrected over 90% since the sell signal back in March 2021. Now is an excellent long opportunity. The reasons? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence as printed over a 4 month period. 3) Support and resistance. Look left. 4) The target is defined from the falling wedge. Is it...
Daily Chart (1D) Current Price: 1.58 Bollinger Bands (BB 21, 2): Lower Band: 1.5142 Middle Band: 1.7121 Upper Band: 1.9101 Broken Support: 1.7112 Resistance: 1.8436 Observations: The current price is 1.58, which is below the middle Bollinger Band (1.7121), indicating a downward trend. The price has recently broken below the key support level at 1.7112,...
Weekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish...
LTIMindtree Ltd. operates as a technology consulting firm, which engages in services include cloud and infrastructure, cyber security, data and insights, digital engineering, disruptive SaaS, and platform operations. Over the past four months, the price has been declining, but this month it reached its long-term trendline support on the weekly timeframe. After...
Price has returned to the daily highs from 4/26/24. Looking for bullish continuation to at least around 104.945 which is a previous weekly high. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this...
Bitcoin price action has continued to frustrate market participants with price action resistance at 70k. That’s about to change. Why? 1) Price action and RSI resistance breakouts. 2) A trend reversal is evident with the first higher low on May 11th now followed by the first first higher high. Yellow arrows. 3) The flag, you can see it? It is very clear. A...
But first price action shall move to the 11-12 dollar resistance before the downtrend continues. ** trading opportunity ** On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50. Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead...
- Price has reacted to the old demand zone, and reached the supply that caused the break. We expect to continue bearish. Confluence from LTF. W: - The INT pullback phase is already on the extreme range and swept the LQ to the left and reacted. we don't know if it will continue up or will shift bearish. Confirmations from LTF. D: - As a structure, Longs makes...
-The price Reacted to the daily supply area very strongly. Now we can follow bearish OF to play the daily swing pullback phase. Surly after breaking the INT low. D: -The price has shifted bearish again from the daily supply area saying that the demand was not strong enough to take the swing high. As we said last week, it could be the end of daily bullish moves...
I previously posted an idea "XU W Sell Reversal OR Sell to Buy Idea 5/4/24". Price did not sell and immediately continued bullish. Looking for price to still head to the -27% FIB area around 2555.32 for final TP from the previous trade idea. Currently in a buy with TP actually set for the -27%, while looking for another pullback on the daily to get another...
Looking for NAS to pull back no farther than the somewhere around 18168.8 (Mid-Point of the weekly consolidation + monthly bullish channel mid-point) and then continue bullish to the top of the weekly bullish channel that price is currently in around 19044 **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
The price just pushed above a premium price point and closed below it with a lot of energy. I believe the price will push up to my SIBI also with a daily and 4 hour bearish order block as confluence of a short as a swing trade. I will also look on the smaller timeframes for better entries and risk to reward.
The charts are suggesting caution. On the above 10-day chart: 1) Double top in price. 2) Regular bearish divergence. The higher the timeframe you look the more ugly this divergence is. Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation. There were some...
Looking for Impulse Up. DXY moving up with continuation pattern. It completed 5 legs too. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments. Learn & Earn! Wave Trader Pro
Thanks to @TORNADOF5 for reminding me about this. A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE. As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't...
The Nifty 50, also known as the S&P CNX Nifty 50, is a widely followed stock market index in India. It represents the performance of the top 50 companies listed on the National Stock Exchange of India (NSE) by market capitalisation. Since the market lows of March 2020 the index has exploded 180%. If you’v never experienced one before, this is what a market melt...