Is GBPNZD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2.02 level
What you guys think of it?
STX rise that began in late Dec last year was disrupted as it went into a multi-month cup consolidation from February. Last week, it finally broke above the neckline of this CUP @ 71.50 on strong volume.
A number of technical signals are now going right for STX and it appears a trend continuation is underway:
1. its 200 day moving average is now subtly curving...
A Bullish Movement May Happen Soon
DOTUSDT has formed inverted head and shoulder and break the neckline as well.
Currently the price is testing neckline and it seems like it is ready to fly.
Currently the price is maintaining bullish momentum as well.
Another typical example of a stock breaking up (into a new uptrend) after forming a base:
1. Broke out of the neckline and did a classic retest of this neckline a few days later, affirming the neckline as the new support
2. trading above it's 200 day moving average
3. Golden cross for additional confirmation that the stock is in "recovery"
Recent volume was not...
RIOT formed an Adam and Eve base formation and began to break out of its first neckline @7.80 on 17 March. We then saw a classic "breakup and retest (of neckline) several days later before it began to propel on strong volume to break decisively above its 2nd neckline @10.50.
Alas, just when we thought it was on its way to the moon after hitting high of 14.43 on...
RIVN went into basing formation since March 2023, testing the level 15.60 (neckline1) at least 4 times before a successful break up on 29 June, followed 2 days later by a huge volume gap up 3rd July. As of yesterday it closed right at the 2nd neckline @ 21.70, which incidentally is just above it's 200 day moving average (a positive).
It's RSI is very strong and...
Welcome back! Let me know your thoughts in the comments!
** AUDCHF Analysis - Listen to video!
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TSLA had been on a wild ride down since peaking on 4th Nov 2021, with many strong bear rallies in between. It finally hit the bottom on 6th Jan this year and began a rather strong rally until early Feb where it started to churn violently for the next 2.5 months, shaking out any weak bulls.
A sustainable rally emerged again from 27 Apr and more signs have been...
TAP bottomed in Sept 2020 and began to move higher till 7 Jun2021, after which it made no further progress and pretty much churned sideways in a wide range for the next 11 months.
Finally, on 2nd May this year, it began to propel strongly above the neckline due to positive earnings surprise. However, it then began to pullback over the following few weeks, all...
For the past 3 weeks, BASE has seen higher volume (accumulation) leading it to break out of an inverted Head & Shoulders Formation (bullish) last week. With earning expected on 6th June, it is likey that it's earnings could be positive. However, whether the recent up move has already factored in a positive earning (and then "sell on news") remains to be seen.
Gold has retraced to the neckline of the double top pattern, upon which it provided a strong bearish engulfing. The weekly resistance has failed to be completely broken in addition to a rejection of the 38% fib. The 4H is trading within a range creating a new lower low along with ADX. The moving average is crossing to the downside as well as a trendline break to...
SKX has trended above it's 200 day moving average since 11 Nov 2022 and began to consolidate in a mini cup pattern ("handle" if we look at the monthly timeframe) for the last 3 months. It has just broken above this mini cup neckline @ 49 strongly after earnings beat and is now heading towards a more significant neckline (54 - 56 zone). If it is able to break and...
Hey Traders !
The USDCHF Price Reached a 0.5 FIB Level !
Currently, The Price Formed a Double Top Pattern !
The Neckline is Broken 🔥
If Price Stays Under The Key Zone, USDCHF Can Continue The Bearish move !
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
AMZN went through a complex Wckyoff Distribution that began from Sep2020, lasting more than a year before succumbing to the bear market of 2022.
Finally in Dec 2022 it dipped into a long term support area (80-84) and began to find support. The recovery since then has been choppy and an inverted head and shoulders (bottoming) formation began to take shape in this...
DKNG has been forming a (double dip) base for almost a year now, ticking off a number of criteria that could increase it's odds of being a successful medium term trade going forward:
1. Series of higher hi's (HH) and higher lo's (HL) since hitting the low on 28 Dec2022.
2 Golden cross on 28 Feb2022
3. It's 200 day MA has begun to turn up
4. Every dip (since...
Long position trapped after false breakout now if stock breaks 1272 than stock might face a minor support near 1263 after that a target of 1245 can be seen but if stock breaks the range above 1288 than short target of 1306 can achieved