Merely an update to my previous idea.
And well... I started this idea before the bell, and it was $3.51 at the time.
It's now $2.01 post as of typing this but that will be different already.
I think I will just post this as is, because it's moving too quickly to make any rational conclusions.
To be noted, every time $15 was broken, the market dumped it below...
Just examined the weekly timeframe, wicks thrown to the upside at a significant zone/resistance, the daily makes the price action more clear as we can identify the sellers are present at the resistance(purple zone) identifying the lower timeframe price action, market came back to a huge liquidity spot, and now momentum has kicked in(as the 15M timeframe bullish...
Good morning Traders,
price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.
In my view of price action, I see further upside because we still have some buying power within the...
D1 - Price is currently holding in the psychological level 40, potential bearish divergence.
H4 - We have two false breaks with bearish divergence.
Expecting corrections in the short term.
Since EURUSD has broken below a 3-month low at1.13, the price has retraced significantly, but with little sign of reversal.
A retracement channel has been formed for the past 4 days and the price is about to reach a psychological level at 1.14.
The level at 1.14 is a combination of not just a psychological number, but also an important supply zone combined with...
Instead of updating old charts we prefer to re-do them so as not to introduce any past bias that the previous chart may or may not have.
This is not a signal. Yellow is past psychological resistance levels. This is only an analysis of the price movement as we see it currently.
Volume is decreasing the price could fall back into the kumo. Kijun and Tenkan are...
BITFINEX:LTCUSD broke above 70, which could be a signal that triangle is finally completed and that bulls are confirmed. We can clearly see A-B-C-D-E formation and broken upper triangle line, so we assume that Litecoin could see new all-time highs towards wave C, where we see our first minimum target and also nice psychological level 117; maybe even higher for a...
Hi guys,
few days ago we managed to get more than a hundred pips from shorting this pair. Now the situation has changed, since we came back to previous structure and started consolidating right at the trendline retest. Besides, the zone we're on is a daily structure that could push price up, according to the major trend.
The RSI divergence down on the bottom...
Volume
Apple-0.09% Volume continued falling on Tuesday and Wednesday, -5% on each to 20.8m which is 45% below the 1 month average at 38.5m and 50% below the 6 month average at 40m.
This is Bullish IMO as it shows that at these prices holders are not willing to sell their AAPL-0.09% risk at these prices, as they seek higher prices before they offer higher...
