This double top pattern has formed on the daily chart of the XAG/USD pair (Silver) following a rather long bullish trend. It can be used as a downside breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline)....
Analysis Week - 3 June 2024 Daily - Range Cloud (D) - Above Cloud Weekly - Range Cloud (W) - Above Cloud Mid Term - Range 20 x 50 D SMA - Above 50 x 200 D SMA - Above 2024 Target 20 Apr 2024 <6M> - 1.27-1.28 External Forecast GS 8 May 24 <3M> - 1.24 8 May 24 <6M> - 1.24 8 May 24 <12M> -...
Bitcoin analysis Time frames of 1 hour and 4 hours The price has decreased in the 1-hour time frame and I am looking for selling positions every time Bitcoin rises, until we reach the $62,000 range to reach the bottom of the 4-hour channel.
Volume on reaction diminished low demand breaks previous reaction Bag holding?
EURUSD showing signs of possible upward movement with a good risk to reward ratio of 1:4.
For me the market is bullish but it gonna retrace first then make the real move
##Macro 1. Inflation Inflation drives commodity prices - for example - oil gas wheat lumber steel. If inflation are stick, gold silver are great hedges, and so far it is not pricing in much as most investors are not holding gold. 2. Interest Rates Lowering rate is good reason to buy commodities, as lower rates weaken fiat currencies and enhance attractiveness of...
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It seems that egld has reached a suitable support range and is preparing for a medium-term upward movement.
The asset has the potential for a significant drop due to the pressure from the load zone. It's important to keep in mind that the asset is currently in FOMO mode. R4 represents a strong resistance zone in the event of a violation of the bullish breakout in lower time frames. The bottom of PEOPLE 👇🏻 👑💸
#AXL We have a bearish channel pattern on the 12-hour frame, within which the price moves and adheres to its limits well We have a green support area at 0.800 after the price touched it and bounced from it We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that supports the price higher with a breakout Entry price...
The native coin of the crypto currency exchange Binance ( CRYPTOCAP:BNB ) price has been in a close consolidation phase for nearly 13 weeks. With each passing daily candlestick close, CRYPTOCAP:BNB gets squeezed more, suggesting a steady decline in volatility. These types of continuous consolidation in price actions are usually followed by a massive breakout,...
Everyone is saying we will increase, the bull run is coming. I dont see that. The monthly Btc with the red dot on Momentum and we have not broken a new high in 3 monthly candle. we going down. In time It falls apart. Bloody summer!!!!! Looking somewhere around august into later year for the real BTC halving Increase
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Gold didn't close the month with red candle. There is still potential for rising. But it needs to touch the broken resistance around 2160. I will still expect falling wedge (triple top) formation on weekly for month of June, if next week close at green bar. Expect falling then rising for Gold next week.
Hi traders, Bitcoin consolidated some more and it looks like it's making a triangle (wave 4). If this analysis is correct we could see the next upmove (wave 5) next week. So let's see what the market does and react. Trade idea: Trade longs after the finish of the triangle. If you want to learn more about my analysis, please make sure to follow me, give a...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
I'll be looking short on Asian Session due for retracement area. Based on EMA 30 for entry area