Wassup people, I have another "Silent Build" here. A quick 3 min video on the movement of the market & to keep in mind always use your wicks or pivots as a price action guide. Always use your higher timeframes just as much as you use your lower timeframes. Taking a look at SPY's weekly chart, we see the COVID recovery from Mar-Aug. In Aug price stalled & went...
I have been monitoring USDJPY for quite some time now and I believe we are likely to see some sell offs in the JPY considering the current overbought situation on other dollar pairs nevertheless we could also see an uptrend if we see something significant above the major level of resistance created.
Fundamental Analysis With Airlines getting business back up and running in a slow fashion, the Airline industry as a whole has to return back to profitability. However it looks like investor confidence is still not bullish, and DAL isn't an exception to this case. For the short-run, there is still a bearish outlook for the industry considering the consistent...
We may start looking for bears on Dxy for now considering current price signals, we will wait for more confluence below structure before proceeding with any trade
Stoch RSI has a Bearish crossover at the bottom of the range area. we also can see a Negative Bias on TSI indicator. These are not good signals for Bitcoin and indicate a high probability of breakdown. These are pre-signals and not confirmed signals. Further evidence is needed to confirm whether we are experiencing a breakdown or a spring (trap).
I have not traded the USDJPY in some time. I failed to recognize the contracting pennant that I love so much until too late. Though in theory 136 is the target it is HIGHLY overbought. That said I do not recommend trading this until it sets up a strong sell signal. This has been one of my few mistakes. I did make good pips out of it but that...
Not a bad idea to take some profits here 1. RSI - overextended 2. StochRSI - overextended 3. Plan your taking profits zones before and respect the strategy 4. Don't sell everything, the price can perform better. 5. Keep an eye on macro trends in the markets. What do you think?
Stoch RSI is in the overbought area in the weekly timeframe and has a bearish crossover. DSS is near the overbought area. Stock RSI oscillator indicates the possibility of starting a new downtrend. Considering the channel, it is possible that Bitcoin will create another local top and touch the channel ceiling before starting the downtrend.
Hey guys, we have had one of the biggest rallies in AUD/JPY ever 11 weeks of green. It is in major overbought territory on the RSI on the weekly and negative divergence on the daily with a bearish consolidation pattern and possibly a breakout to the downside which might confirm today. IF it does confirm I will enter a short position target first red line then...
Costco has reached its upper channel and is in a parabolic move. Seems due for at least a pulback towards the bottom of its rising channel.
Probably close to a meaningful pullback zone at the .62 fibo from Jan 3 highs. OFC it can always creep higher, been on rally 9 days now, usually means a dip to be expected. Overbought in every timeframe now.
My patience is being tested right now. I am running out of possible days of length and price targets. I have the market in Sub-Millennial wave 1 (began June 1877), Grand SuperCycle wave 5 (began March 6, 2009), SuperCycle wave 3 (began March 23, 2020), Cycle wave 2 (began January 4, 2022), Primary wave B (began February 24, 2022), Intermediate wave C (began March...
BTC in Breakout of the 2 uptrends Also it is in excess price that means its overbought. Short term retracement very possible
If Price loses The green Support box High probability BTC will go to the Lower green line. BTC is making LH's on the lower timeframe 5M. Look for a break from 46700 BTCUSDT to activate Shorts.
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 25, 2022 with a closing price of...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 25, 2022 with a closing price of...
Pumped to .786 nonstop. Last massive pump in Jan looked a lot like this and lasted a week. Overbought on evry timeframe, lol. Pullback to some Fibo seems likely IMO. Bear breakout, bulls are back in town. Get ready to buy the next dip for an April run to ATH.
The RSI here does not show Divergence but it does show consecutively weaker attempts at making higher highs at the PCZ of this AB=CD and could be signaling the end of the trend for now taking us all the way down to around the levels of C.