If XRP break the upper line we have a great grow to marked lines And if it does not break the resistance line, we have a price correction within the specified lines of Fibonacci support In all supported lines, there is a possibility to return the upward price G.L. :)
Here is an update to my weekly chart. I haven't changed anything The price wicked off 13880 exactly as expected At this point I'm still expecting this rollover to take place into Sept. The 5,6 and 7 you see were drawn on the monthly and show up here on the weekly as well about where they should be. Disregard the yellow arrow you see in the bottom panel, it...
The S&P 500 reached a new all time high last week, leading many to believe the bull trend is still intact and the market is strong. However, this is not necessarily the case. Look at what happened the past 3 times prices reached this level - strong bulls and strong bears sold. Although the rally up from the 2400 low has contained strong buying pressure, prices...
USD/JPY - Short FED Interest Rate decision moved this pair Wednesday 21st ofJune (Bear Market) leaving the interest rate unchanged. The outlook for next months decision is now the topic of discussion after no change this month i.e. Increasingly likely for FED Interest rate cut. The Equity markets showing strength I think to end the week we will see a strong...
There is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that...
There is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that...
NZD/USD touches major support, expecting a short term rally. Note there is an unfilled gap on 4hr chart.
As you can see by the graph, EURGBP has hit a consistent resistance around the 0.8911 mark. This is indicating that the pairing will drop to the 0.885 support and either break through to 0.8858 and beyond or rebound back to the resistance at 0.8911. This trade can be seen on H1 and H4 timescales so should be easy profit within the next couple of days.
The 200 EMA work very well on the FX:EURUSD longterm bearish market. Buyers failled to breakout at the 1,12950 price, we go back on the shortterm range. Support zone to watch : 1,11382 If the buyers could break the 1,12950 zone with 200 EMA too it could be a bullish signal. What are you toughts about that ?
fractal from 4hr on 26th of may until now comparison to current price action on the 15 min
HEXO reversed down from a nested parabolic wedge, larger wedge and large low 2. The follow through selling has been good. The bears will likely get a second leg down before taking profits and before the bulls will look to buy again. This market is still in a bull trend, but wedges often lead to two legs sideways to down, convert the market into a trading range...
The buying pressure has been strong over the past few months on a test of the all time high. But this market is still in a large trading range, and the buying pressure is climactic. This is more likely a buy vacuum test of the high of the range than the start of a strong bull trend. Instead, there will probably be profit taking around or above the all time high...
Although $ZYNE is developing some bull strength, it is still in a large bear trend or trading range. The bulls reversed the market up on the monthly chart from a large high 2, and will probably get some form of a second leg up. However since the IPO this market has been sideways to down, decreasing the likelihood of a strong bull trend developing. The bulls...
The past few weeks have been sideways to down from a lower high, but weak selling pressure. The bears want the lower high to hold and to test the double bottom around $5. Prices are currently in a converging triangle and bull flag trading range as both sides fight for control. If this week closes on its high, it would be a wedge bull flag, double bottom...