Hello Everyone, Currently, our focus is on the occurrence of a crossover and lock above the daily Pivot Point (PP), indicating an immediate upward momentum. Presently, there is an accumulation of Pivot Points, and only time will reveal whether they will serve as support or resistance. It is advisable to adapt your strategy accordingly and prioritize...
Hello Everyone, The comprehensive analysis of USD/JPY indicates that the projection remains unchanged from last week, contingent upon the condition that the price remains above the 1D Pivot Point. In such a scenario, further growth is anticipated. TradeWithTheTrend3344
Hello Everyone, The potential for a continued decline in EUR/USD exists if it fails to maintain a position above the daily pivot point (1D PP). In such a scenario, there is a likelihood of testing both monthly and yearly support levels, unless the daily pivot point effectively acts as a support. Upon the establishment of a robust support structure, it is...
Hello Everyone, Our primary emphasis is on maintaining a price level above the daily pivot point (1D PP). In the event that the price falls below the yearly pivot point (1Y PP), there is a possibility of witnessing a more substantial decline towards robust monthly support levels. It's crucial to note that the long-term trend remains bullish. TradeWithTheTrend3344
IOT has tightened nicely in a channel and held the $31 pivot that had acted as resistance since IPO. It broke above in December to hit an ATH of $36, and then consolidated down in a channel back to the $31 pivot. Currently holding the 20 and 50 EMAs and looking at the MACD, it seems about to flip bullish on the daily chart.
Early next week important inflection point as the rest of the market decides if its ready to join mega/large caps or flop. AMEX:IWM
NASDAQ:GNTX grabbed my attention this weekend. Not in gear right now to be jumping on breakouts to new highs (speaking for myself). head and shoulder neck line breakout confirmed and tested successfully.
trend is already up and strong now ? after a long wait I believe that NYSE:FRA could reach 0.01 very soon. Don’t hesitate to let me know your opinion. take into account that I am a beginner in the field and this sharing is always with the aim of learning more
ADBE is showing some great strength and testing the local high set in the middle of December. It's been consistently bouncing off the 50 EMA on the 65min chart and looks ready to break through. Might happen today, or even better, a Monday red to green should send it straight through on high volume.
Price came up to an area of strong resistance and is also aligning with a 50 fib level. The candle close also indicates price is looking to head down.
Local trendline has been broken. #Avalanche has also reclaimed the daily level. The weekly level above is the target as long as we don't get rejected from the trendline above. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it,...
There was good downward momentum (highlighted in green), a pause in the market and the another good show of downward pressure (also highlighted in green). The double inside bar (circled) is a good base point for the market to bounce back off of once momentum (however, nothing works all the time). Happy to place a sell limit at the low as indicated.
Considering the bearish CH and bearish iBOS on the chart, it seems that BLZ has a trend change. The pump that we are seeing now seems to retest the supply range and collect sell orders for more drops. I have specified the movement we expect from blz on the chart. The targets are clear on the chart and I also specified the invalidation level. Closing a 4-hour...
watch this unfold. if i can see a 1min structure true bullish then NAS can buy as a retracement for daily tf, take out sell liquidity before tanking. It's basically like break and retest.
Nice looking continuation head and shoulders pattern on NYSE:FRO After today's action. Its time to sit out and let things settle in for now. Hard to be jumping back in right away.
on SK-SYSTEM i found levels and draw box on .618 level its answered on many times. but befor my target reached i found another box, so i closed my position and wait for new entry for short if it get stoploss meaning trend is chaneging
IWM is trying to break back out of the channel it's been in since April 2022. It broke out briefly in late December, but was rejected. This second breakout attempt looks promising, and usually leads to ATH after this much consolidation. Lots of earnings reports this week, but if the market holds up, small caps should have some room to run.