Let's take a more detailed look into the USD, and see how they are doing from last week.
Certainly a few possible scenarios could form, so best to have a trading plan that fits your style and expectations when it comes to these setups.
Personally I do see them very likely to continue the strength, but whether they form just small, lower time...
Lets take a look at Tesla's overall price action.
We see price has manage to push up to all time high around $900, then fall down significantly.
However, the latest price action started to form into a bullish structure that we are familiar with.
A double bottoms, triangle like correction is giving us a higher probability to see it as a...
I am also looking at ZOOM for the next bullish impulse phase.
We can see price had a strong bullish impulse up since Covid, and continue to push higher.
After reaching close to $600, naturally price begin to consolidate and correct into a descending structure.
As we know price needs to correct after a strong bullish move, the consolidation...
EURCHF has been in a long term consolidation phrase, and we could expect some bullish breakout from the price.
We can see the price is once again approaching to the top of the structure, looking to continue upwards.
Best plan is to wait for a clear breakout from the price, and wait for a lower time frame continuation correction to get in the...
Also looking at GBPUSD for the bearish opportunities.
Price has been in a long term, higher time frame ascending channel correction, moving the price up to the current area.
We can see on the higher time frame, we approach to a previous high,
which is also where price formed similar price action.
A double tops, "M" structure within the HTF...
Since both USD and JPY pairs are all gaining momentum and enter into the impulsive phase of the market condition,
let's take a closer look into them and see what we can expect from them next week and onwards.
Certainly a few possible scenarios could form, so best to have a trading plan that fits your style and expectations when it comes to these...
When I was but a young lad, matching games were my favorite... Do you see the similarities in the ellipses here? Identical but different scales second ellipse is nearly double the first.. could this go to above 20 soon? Dont take my word for it just an interesting thought. I mortgaged my house and sold my truck for these calls....Heavy in calls so cheers to...
Experimenting with Bitcoin high time frame log charts, I began to notice some patterns.
Please note: This is a work in progress and by no means financial advice.
Highlighted in yellow are two box areas, the rest is built around them. The similarity appears striking, imo. Does this mean the chart will continue to produce and follow these patterns?
Log charts are...
We have seen the USD getting strength across the board, and certainly GBPUSD is one of them to watch out for further downside potential.
We can see price has already been falling since the double tops, breaking down from the LTF ascending channel
Now the price is on verge to breakout of the HTF channel, good sign for further bearish...
Did a quick breakdown and outlook on the 3 main US indices.
My bias here on them is a potential bearish run on them, so I will be patiently waiting for the right price action to develop.
If price continue to move up or doesn't form any bearish price action, then no entry and move on :)
Some of the US Indices could shape up for some short term sell entries on the lower time frame.
We can see a clear ascending channel correction, hit the previous highs, and continue to consolidate.
This is a good indication that we can expect the bullish momentum may be slowing down, and a bearish reversal could come in.
Currently price is at...
Finally we are seeing some confirmation from the USD strength, and I have been patiently waiting for the right price action to develop.
Here on EURUSD, we are seeing a nice double tops from the price as it correct itself in the ascending channel reversal.
We see a Head and Shoulder developed, and strong bearish breakout from the...
Many have asked me about my view and analysis on Bitcoin and in general where the crypto market may go.
Personally I think price is in a corrective phase and there is no need to rush to enter long or short.
Sure there is some lower time frame movement and price action, but not enough development for any bigger impulses in the market.
Most of the crypto are in its corrective phase, and I wanted to wait for further development on them.
Whereas for MATIC, it actually has a clean bullish price action that could give us some buy opportunities.
We can see from my previous analysis and trade that I entered, price indeed pushed up very impulsively.
However, it was follow by the...