EURUSD primary downtrend since 2008.
Zone around 1.128 is POC for period since October 2014 - in order to reverse downtrend EURUSD has to find acceptance above that level. Even an attempt to do that will take a year at least on that timeframe.
Week timeframe for close look
Primary Chart: Logarithmic Chart with 13-Year Secular Uptrend Defined by Parallel Channel
BRIEF SUMMARY:
The secular uptrend over the past 13 years is still valid and contains within its boundaries the current bear market, which is at the primary trend level.
SPX's price has fallen past the midpoint of the channel. Two weekly closes have been below the...
Primary Chart: NVDA's Primary Trend Since Its All-Time High November 22, 2021, with Anchored VWAPs
SUMMARY:
NVDA appears to have begun a countertrend rally within the context of a sharp downtrend.
Other countertrend rallies have ranged from 28.9% to 40.17%. Don't be fooled by a show of strength that does not change the overall structure. Countertrend trading...
2 Rules for Trendline:
1. Identify the significant lows. At least three points
2. Find the best fit among the significant lows
We can apply the 2 points to a down trendline analysis as well. Looking-out for the significant highs instead.
Gold started its rally after year 2000. We could see it started forming its primary trendline since 2006.
Primary...
AUD/CAD is currently in a primary downtrend, with a few secondary and minor trends within. I expect price to continue trend until I see the accumulation phase coming along or some force. I will be watching this closely for the next couple of weeks for a possible long setup near major support.
Hi everyone,
Today I am here with a question, where is ETH heading to?
It is clear that the market is changing right now, fear is starting to get into the investors and traders due the high selling volumes.
You think ETH will keep the current primary trend ? Or there is going to be a trend reversal ?
Spoiler: I am quite...
Solana is incredibly interesting.
It seems to currently have completed a nice 5-wave impulse of +43 000% in just a year and a half.
Personally, I wouldn't mind if this here were to be a running flat correction - an ABC - to retest the primary trend line.
Given that this is on the log chart, we're still talking a nice 45-50% retracement, which should be good...
Hey tradomaniacs,
I`m currently waiting for the FED to give the market more fundamental impulses.
Looking at GBP/USD bigger picture we can currently see a mix of bullish and bearish signs.
The primary trend is currently moving sideways and has formed an S/H/S-Pattern, which is usually a trend-reversal-pattern.
Additionally we see a breakout below the...
A Type2 Bearish Bat pattern has surfaced, the 1st test on the trendline wasn't a strong indication as we do not have sufficient evidence to see if that's the next high price of the move.
I'm looking for a shorting opportunity on this trade setup.
Hey tradomaniacs,
as you can see onm the weekly chart we are currently retesting the Trendline of the primary trend.
Additionally we are right at a horizontal key-resistance and should wait for a rejection and confirmation in the smaller time-frame here.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna...
DJ could move higher to complete primary wave 3 near 29670, completing the intermediate 5-wave move starting at 21753.
The current structure suggests that we are minor wave 3 of the intermediate wave 3. In the sorter degrees, we have completed minute waves 1 and 2 and currently are ready to correct perhaps with a minuette a,b,c wave. That would then allow prices...
With internal momentum still favoring the bears (although it could weaken a bit) the next level to consider a buy is inside the highlighted order block on the chart.
Internal trend momentum is measured with the ADX indicator, and it still favors the bears here.
The midpoint of the historical consolidation area (order block) is near $2800 and will re-evaluate...
Forget about the hype in XRP this morning. People go straight to emotion, but should instead have a plan in place to ease back on the emotion trades. Trust the charts you build or trust someone you watch that builds charts.
BTC has rallied up a tad right into a 50% Fibonacci retracement level to find some selling interest. Happy Fibonacci Friday! The 61.8%...
Bestimate projection for Dow going into August, tied with October for weakest month of the year.
Coming off a strong rally in July, odds favor more volatility.
Dow appears to be in a corrective, reactionary wave cycle: 'A' wave from first top 07/26 ran down to the flash crash Thursday 08/02 (Label 'W' of WXY reaction).
Notice labels for larger primary trend are...
Added selectable moving average lengths and selectable price basis to Tarzans Primary Trend Indicator.
This indicator gives a digital indicator between +6 and -6 indicating bullish, neutral to bearish.
Original work by Tarzan.
