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...
What to make of the fact Tesla is losing steam? The market share will be threaten from this point as more EV's are making their way to the fray. This is the second hump on what looks like an M pattern. Is this the first sign of Tesla filling some lower gaps starting with the one below 156? Bullish Case - This is the leading EV maker. With the combination of price...
It's a personal opinion of mine that psychological levels, whole number resistance and support, should have this much control over price action. Psychological levels have the most effect when there's extremes of emotions. I feel it's rather self-explanatory. It's either going towards zero or it's getting bought to prevent it from hitting the pavement. The...
Overall Target 0.6400 1st target 0.65800 My strategy: - Use round psych levels with market structure. - Only use 3 timeframes M 4hr 15min (sometimes need to glimpse weekly if not clear enough) - Use fib retracement. - Doji/Engulfing entry
Been murdering this pair from yesterday along with CADJPY. pretty self explanatory. USE PSYCH LEVELS
Monthly, and daily timeframes are bullish. Waiting for break and retest of 1hr resistance and EMA to hold as support.
What is happening with the market and BTC? Most analysts claimed 12–10–9–5 thousand marks for BTC Is it possible? — Perhaps. But why is the probability of falling further complicated? The story tied with FTX, Binance (CZ) and other personalities is like an artificial “Black Swan” in order to intimidate weak hands, instill fear and horror in market...
Looking at $AAPL it is going to have to prove that it can hold this support above 125. Looks like we filled the imbalance completely and loss support. Can they hold above 130? Well if not look for it to retest 125 again!?! But this time it might be enough to have it fall to new lows. The rejection of the EMA coincides with this theory. Bullish Case 128 is a key...
W1 - Price respected the psychological level 110 and bounced lower. Bearish convergence. D1 - Currently it looks like a pullback is happening. No opposite signs. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Hello traders! I have been working on this strategy for the past week and it's perfect to avoid any kind stop loss hunting and it also helps us to remain in a trend. It's not a strategy that I have created but it's an old strategy where most of the time market reacts at the psychological levels. The Trend In this strategy, we will only move in the direction of...
Top down price action analysis on GBPJPY , plenty of potential intraday trading opportunities lining up - hope you enjoy the video. I have linked my previous GJ update below for further reference.
H4 - Price respected a psychological level and is bouncing lower. Bearish convergence. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Risking just 100 pips, we are targeting 300 pips as our profit target. The 100 pips is just to give this trade enough space for the spikes during the NFP data release but i'm quite certain that the spike won't hit our stop due to the space we've given it !. This is a 3:1 trade. Trade responsibly !. Use proper risk and money management before executing this...
H4 - Price is bouncing higher from the psychological level 1.20. Bullish convergence. H1 - Bullish trend pattern. Until the two strong support zones hold my view remains bullish here.
Bearish trendline has broke on a beautiful downtrend and retested as support several times. It rejected at $1.10; next important level to watch is near $1.30 $OP is a new project, so there not enough historical price data.
D1 - Price is bouncing higher from the psychological level 1.35. Multiple false breaks with bullish divergence. Expecting short term bullish moves to happen here. H4 - Higher highs. No opposite signs. Until the two strong support zones hold my short term view remains bullish here.
Detailed explanation provided on chart. Disc - Am not a SEBI registered. Please do your own analyses before taking any position. This post is only for educational purpose and do not treat it as a trading recommendation.
D1 - Price is bouncing higher from a strong support zone where the psychological 0.85 level coincides. Bullish divergence. No opposite signs. H4 - Bullish trend pattern followed by a correction. Bullish convergence. Until both the strong support zones hold my view remains bullish here.