TL;DR Potential local bottom at $1.07, potential targets at $1.6 and $1.93 Arbitrum is still trading in its rectangle. After a recent rejection from the resistance, today it retested $1.07. If it holds, it would mark a perfect Wave 2 end (61.8% of Wave 1). In turn, according to Elliott wave theory, this would set the Wave 3 target to $1.6 or $1.93. 🎯 $1.6 is...
GBPCAD is trading in a strong bullish trend on a daily. For the last 2 weeks, the pair was consolidating within a horizontal range on a daily. With the yesterday's bullish movement, the price successfully violated the resistance of the range. It confirms the strength of the buyers and indicates a highly probable bullish continuation. Next resistance -...
Daily/4h time frames analysis on Gold. Price action and important key levels. Potential scenarios. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
* 1D BTC is currently trying to break through the upper trend line of triangular convergence, and if this section is supported, it can rise to TP1, the mid-term downward trend line. If it breaks through the mid-term downward trend line and supports it, it is expected to rise significantly.
We can attempt to buy MUGHAL from specified level as it gives breakout of yellow box , also trading in bullish rectangle pattern (continuation pattern) , also there is no bearish divergence at current levels. SL , TP mention in chart
TATAMOTORS has been trading within the channel pattern for quite some time now. With the formation of hammer at the support level indicates an ideal entry point for a short swing with target at next resistance level. Entry can be held just above todays high that would provide an ideal risk reward of 1: 2.5. There are quite a lot of stocks that has given entry at...
WTI Crude Oil is trading in a bearish trend on a daily. For the entire month of May, the market is consolidating within a horizontal range. I believe that a bearish trend will continue after a violation of the support of the range. I am waiting for its breakout to sell the market. A daily candle close below 75.5 will confirm a violation. A bearish wave will...
Observing the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
After a huge bearish move (double top pattern) The USOIL reached the support level (77.98 - 76.82) and failed to break it! The price formed a rectangle pattern. Currently, The resistance level and line are broken. So, I expect a bullish move📈 ---------------- TARGET: 83.20🎯
Update for USDJPY. The pair perfectly violated a resistance line of a horizontal range on a 4H time frame, after a retest of a key daily support. I think that the pair will keep growing today. Next goal - 157.5 ❤️Please, support my work with like, thank you!❤️
Stage 1 base forming for Ocado, almost perfect rectangle, with multiple touches at 370 support. Is this a chance to go long, or will it break to the downside? wait and see. Do your own research (DYOR) and this is not a solicitation to make as trade.
USDJPY broke and closed above a key horizontal daily resistance last week. After a breakout, the market retested a broken structure and started to consolidate. I see a horizontal trading range on a 4h time frame. To buy the market with a confirmation, I am looking for a bullish breakout - a candle close above the resistance of the range. It will give me a...
NASDAQ:HOOD Long NASDAQ:HOOD Start Uptrend with base breakout and Tar
BINANCE:BTCUSDT COINBASE:BTCUSD Hello Dear Traders. 🔴The market has reached the end of its suffering range and our team's holiday break is nearing its end. ⚡️ In this post I will track the BTCUSDT movements as long as it stays inside the Box. 🔴The past few weeks, the pressure of market volatility was very high and we needed a break. We will review the...
This week, EURJPY broke and closed above a key daily structure resistance. After a breakout, the broken structure turned into support and was retested. Retesting that, the market started to consolidate within a horizontal range on a 4h time frame. A bullish violation of the resistance of that range is an important intraday bullish confirmation and sign of...
LSPD has a breakout from a rectangular pattern, the SP was consolidating for the last 3 month, now it's time to go up, I have set on the chart my stop loss at 13, 20 usd and short term target of 17 usd
We can attempt to buy EURCAD from specified level as it is trading in bullish rectangle pattern (continuation pattern ) and it gives breakout , also there is no bearish divergence indicate that it moves upward.
BIST:AGESA/USD breaking out monthly rectangle for a possible 60% target