Hello all, For the past 5 months this major has been falling in a falling wedge pattern. Now the price is fluctuating at the structural support zone. One can say that this is obvious bullish reversal, however if we look at the 1D time frame then the double top pattern is quite clear and the price has already fallen below the neckline. Thus there are high chances...
Hello there Weekly outlook on major pairs EU AU and GU Please press the Like button and comment below.
$SPX - S&P 500 Outlook by EOY 21' 52 Wk Range - $3,233.94 (Low) vs. $4,551.44 (High) After 7th straight day of gains - due to better than-expected earnings announcements & a new ATH of $4,551.44 on 10/21/21 - I believe the S&P 500 has the potential to reach $5,000 or higher by Jan FY22'
Just a snapshot of my HTF markup to follow on from my morning outlook posted earlier, i mainly keep my focus on 15m during session but always aware of the bigger picture.
Here Yearly 4x60 Day step + about 120 Consolidation. What are market cycles? A market cycle refers to a pattern or repeating trend that happens within a financial market. A bull market followed by a bear market is an example of a market cycle because it's a pattern that has happened many times in the financial markets. There are many different types of market...
Confirming my long position here and waiting for a backup before I add more to my Tesla positions. As expected price broke out of the resistance channel defined by the AR and the HH points printing SOS and LPS /BU in Phase D before the final markup in Phase E. Low volume and climbing price show that the institutions have taken hold of the price and are not selling...
After BBKP Breakout from double bottom patern, BBKP do a retest to neckline or Fibonacci retracement 61,8. i assume that, BBKP can going up again to minimal 660 which is resistance also macd indicator have a potential to golden cross and going up
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The EUR/USD pair ended up closing the day in the negative territory Despite the good trading action on Monday and seems to have gone into a consolidation phase around...
Hope cannot be achieved without imagination! Hoping to get close to the money before my expiree date on 01/21/22. I'd be lying if I didn't say that this would be a nice wish of mine I'm looking forward to, lmfao!
EU was a bit crazy yesterday with reacting off of random levels. We could now start to see it range until NFP. Don’t force anything just let the market show its hand and react.
Last 2 Days BTC has been on a Tear! After holding the 40 to 41 level (and the long stops) we pumped out dramatically on the 30th. What appeared to be a potentially bearish enclosing monthly candle ended on September 30th pumping hard causing general market indecision in what was already an overly bearish month. This bullish close actually pumped above the...
GBP/JPY currently consolidating at the moment, price creating lower lows and lower highs suggesting we are bearish overall. I have a few ideas on how price may develop as the week goes on: 1) We could see a break and retest below 151.082 suggesting bearish pressure. If this does happen I will only be looking for sells. 2) We could see price come back to retest...
We did start to see some bullish structure form for GBP/USD however this may just be a deeper pullback from that major sell off. I can see price failed to hold the retest level of 1.36851 and now we are trading below. We have retested this level with a wick rejection and now the last candle of the week closed bearish engulfing the previous candle body. I...
USD/CAD looking overall bearish to me price creating lower lows and lower highs. We have just come into a major level of support around 1.26462 which could cause price to bounce back up to 1.27248 but we will just have to see how the next few hours go from market open. Sells below 1.26462 and buys if support holds.
LOW 1.87 - Wave 4 (Orange) HIGH 1.89 - Wave 5 (Orange)
Outlook on GBPUSD for the upcoming trading week, will build position according to how price action unfolds
TF: W I think BTC price action could play out in a few different scenarios over the longer timeframe (1-2 years) outlook. Scenario 1: BTC is currently approaching a broken level of support around $44,500, this also aligns with the 1.382 extension from the move from $~20k to~$3.1k correction. If this rejection occurs and acts like a ceiling and holds below these...
Are we starting to reverse? take a look at my personal opinion on this weeks bias and targets!