In the daily and weekly time, it is moving in an upward channel, which according to the previous analysis , the last wave had the ability to grow to around 100% of the previous wave, after which it faced correction, which was correctly mentioned in the updates of the previous post. And extended to the specified area of correction. 💎 First scenario: Therefore, if...
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Alibaba is showing a Rounding Bottom Formation which is Bullish. Often called a Smiley Face and has a 66% potential to the Upside. A Frowny Face or Rounding Top is the Opposite with a 66% chance to the Downside. This is a Longer Term Study. Often Conviction and Patience along with Market Sentiment trend knowledge is required with careful timing to gain maximum...
5.3.24 this is a short video on coffee which is an expanded market and they are the best markets to trade if you could identify the trade location for buyers and sellers. I would be looking for buyers in this market to take a long position... but on the current swing we don't see buyers yet. But we set it up having a strategy and using our tools and now we...
Buy BSE above 2587.20 Looking very strong on weekly and Daily time frame, retest completed after Pole and flag formation, RSI & ADX also supporting, Volume also started building up Targets : 2950-3328-3670 SL 2100 Duration few Weeks
Hello Everyone, Despite the recent downturn, BCH/USD maintains a long-term bullish outlook, with the potential for an upside move looming. However, it's essential to exercise caution, as a breach and sustained lock below the 1D PP could indicate further downside. TradeWithTheTrend3344
The prices are at the lows and the structure shows a rejection at low prices and, it´s ready to launch the price to the upside and recover part of its year looses. Good luck!
Hello awesome traders! It's been quite a ride with EURJPY since April 10, 2023. Let's delve into the charts and analyze some key levels to guide our trading decisions. Weekly Chart Analysis: The weekly chart reveals a symmetrical triangle pattern, which I previously shared on TradingView back in April 2023. This chart holds significance as it demonstrates a...
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
Buy RECLTD above 524 Target of 538-611-685-881 SL 420 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few weeks Please consult your financial advisor before investing All research for educational purposes only.
Velo has held its support. With an even lower market cap things are looking up. If ALTs move DEXs in general will do great because of the volume. I expect more distribution at these levels until the next leg up, but im thinking that next leg will be sooner then we can expect if BTC can behave itself.
NYSE:DIS might be oversold, at least in the near term. It has been selling off at a parabolic rate for over 2 years (starting Mar '21), but has recently shown signs of a bottom. Signs of bottom (maybe!): - Price has been declining at a parabolic rate for years but Weekly RSI seems like it might be showing a weak trend reversal starting around June '22 - Price...
Cloudflare Inc. shares ( NYSE:NET ) fell by 18.35% after the company's second-quarter revenue projections fell short of analysts' expectations. The company estimated revenue to be between $393.5 million and $394.5 million in the second quarter, with the midpoint missing analysts' estimates of $394.5 million. This has raised concerns about the company's ability to...
We have met a very strong trend line going back to December 2022 (red dotted trend line), and the bearish impulse is likely to retrace to retest 60-62k over the next week, maybe two. This could match up nicely with a test of my moving average range on the 4h. If it continues much higher and then creates a higher low thereafter, we can expect a continuation of our...
Trade Setup (Daily and 4 hr) approx 3:1 - waiting for a retrace next week or two to fill my sell order - Daily RSI divergence - 4hr trend changed to bearish Scalp (4hr and 15 min) approx 2:1 - If during kill zones (as marked on the chart the trade setup)
Bitcoin is in an upward trend in the weekly time frame and we have a powerful extension that we should be a good pullback for this. According to the intersection of the upward trend line and the 38.2 Fibonacci retracement level, it can be assumed that the pullback will fall almost to the price of $58,000 and we should wait for a good return point in this range....
Im so excited to run along that yellow chain fence up there…. And when it gets down closer to the green spring ground up there, Im gonna jump over it! Then the adventure really begins! Go Doge Go!
An analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis. Weekly...