Will Gold break or drop? 1-The XAU/USD is testing the resistance of the bearish channel. 2-There is also resistance at 1950: double rejection - Wednesday and Thursday. 3-The medium-term momentum is bearish. 4- There is no RSI bullish divergence. Conclusion: Gold would likely drop to 1900!
Bitcoin has sold off and is now trading at the bottom of an ascending parallel channel. This is also the area right above a key S/R zone. The most likely probability is that the market will move higher from here before selling off and breaking below the channel. I would feel more safe entering a long at these levels instead of a short. If you do long, manage your...
As it can be inferred from the 2D-timeframe development on USD/CHF, the price has been trading within the borders of the descending parallel channel that is illustrated on the graph. Hence, our sentiment is bearish. After witnessing some price development (printing wick candles and showing signs of a bearish reversal), the market tricked sellers into making...
FNGU on the 4H chart is in a trend down within a parallel channel. The previous trend down from the top of the channel to the bottom was 29% while the counter counter-trend up from the bottom of channel to the top was 18% over 7 days. Presenly the trend down from the upper channel is confirmed by the two RS lines near to the 50 level and the Awesome...
From the Daily-timeframe perspective, it might be observed that the price is bouncing off the ascending trend-line that has been portrayed on the graph; and looking at the historical price action, it can be noticed that upon reaching this specific up-trending zone, the price has been able to bounce off and impulse towards the upside. Hence, we remain positive that...
ENPH is in the energy sector which has been strong in the past couple of weeks. On the 2H chart over the past two years visible, ENPH is just above its support. It is about 50% below its pivot highs of 9-12 months ago and in a parallel descending channel. I believe that ENPH is now set up for a 50% retracement of the Fibonacci type. Fundamentally, two or more...
The idea is on this one-hour chart which has the DXY overlaid showing the dollar as the strong currency also watching YINN rising and YANG falling
As you can see price reached top of the channel it means price need correction to PRZ zone and after that price can reached Target. Also can see elliott Waves now price in the 4th correction phase. ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from the bottom , this analysis of ours will be failed. ✅Thank you, and for more ideas, hit...
XAGUSD on the 15 minute chart had price action with a flat top then a VWAP line pullback into some continuation then rising into a head and shoulders and a fall into a support / demand zone with some tests of VWAP while underway. At present price sits on the support zone in this horizontal parallel channel with about !% of range. The ZL MACD well reflects...
Eurgbp Chance to hit 0.8600 zone very soon Pair getting strength day by day and going Towards the resistance. Price was stuck in narrow range now breakout of narrow range giving more bullish indication
USDJPY is trading in bullish parallel channel and completed the AB=CD pattern within the channel. After pattern completion the pair is lacking bullish momentum starting to change its direction from bullish bearish and seems like bears are taking control. If the bears continue to took control , their next target will be 140.80 region followed by 140.
AMRX is a penny biotechnology stock with earnings out on the Friday the 4th. As you can see on the 15 minute chart, it took off out of consolidation on Wednesday afternoon in a burst of price volume and volatility into an ascending parallel channel. I will buy the stock in the pre-market attempting to exploit the momentum going into earnings. If there is a...
Price in bullish channel in 1w time after break and pullback to chartpattern now price is near uptrend and channel floor price ready to up SL: 1.09 TP: 1.2 BUY: 1.970 Please like and write your comment for me thanks $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Price action has been channeling in a zigzag pattern. Micro bearish impulse downward leg in development. Just pointing out levels to watch.
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd💪 EurUsd just perfectly retested and already rejected the 0.618 fibonacci level in confluence with a retest of previous support which was after the break turned strong resistance. EurUsd is also now approaching weekly...
Coming Wednesday there's another FOMC meeting by the FED. Here they will announce what the new interest rates are going to be. While the FED paused last meeting, the expectation is that they will announce another rate hike. My expectation is that BTC will continue to consolidate around the current area, while traders are patiently waiting for the FED's decision....
ES (SP 500) Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Gap, Fibonacci Retracement / Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any...
There is 3 day hidden bullish divergence on Ethereum. Currently holding above the POC of a value range scaled from the 880 low to the all time high. This level also just happens to be a shallow common 23% retrace area that ETH has held nicely above since June. If this divergence is to playout, I like 2403 as the first main target which would be +30% move to the upside.