Here is the summary of the indications:
Market in a longterm Down-Channel
Market now in Retracement Channel
Market now at the Top of the longterm Down-Channel
The setup of this idea is that the big Trend of this pair is a downwards.
As it has deep Pullbacks, it is a Downward Channel.
Now we are in a Retracement Move, which is...
reaching channel top line and getting bad vibes from indicators and oscillators are signs of retracement for me . also there was no pull back for red line cross up . so i think it's about time for DOT to have a few bad days and complete a pull back .
We have shifted from a bullish market into a bearish one .
However, price has begun to lose momentum which suggests to me that a retracement is likely.
We have several liquidity points on the buys that need to be targeted before we can begin to look at selling with the trend again.
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We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened.
Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we...
Yesterday we looked at two different options to enter short on GOLD.
There is still a higher probability that we will see another push up to 1780 and then a rejection.
NFP is due tomorrow and that could be the beginning of the next move.
Before that any trades will carry higher risk...
as forcasted Bitcoin is heading for the 1.618 and 3 fib intersection with possible 1.618 and 1.618 intersection (hot pink line) as bottom but it will be clear when bottom is cause volatility will heat up
AMD: Using fib retracement, after an impulsive move a pullback to the 0.5, 0.618, or 0.786 is very likely and healthy in an uptrend.
~ Golden cross happened on the 11th signaling the start of another uptrend.
~ on the 11th AMD did a similar but smaller sized impulse with a pullback to the 0.786. This helps visualize the theory of fib
~ RSI on the hourly has a lot...
Important things to note:
BTC retracting has started.
I do not see BTC going past 46k.
ADA chance for double bottom on 1D
Double Bottom would produce a target of 2.62.
This would smash the resistance level.
Pattern would also create a cup for further targets.
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
The BTC FOMO buying finally...
This week might provide a slight correction from last's week aggressive down move in EURUSD. As the downmove happened last week, the monthly EMA was pierced and M candle closed below it. This indicates the path towards 1.1500 is well and truly open to be tested.
Here we currently look at the 4H chart for this pair. a possible head and shoulders developing on 1H...
Important Things To Note:
Price has had a significant price increase due to the BTC squeeze.
We are in a bull trend now if it isn't obvious by now or you haven't been following me.
Before price moves ahead it will retrace with a few options.
Minor price target of 2.37.
Major price target of 2.51.
Resistance 1 at 2.30.
Resistance 2 at 2.45.
Retracement for handle...
Great opportunity to go long on EURUSD .
EURUSD has dropped significantly recently and is overextended and looks like it will retrace.
GBPUSD is well on its way to retracing, and with EURUSD being heavily correlated with GBPUSD , it is also likely to retrace.
Stop loss below swing low, use good risk management and good luck.
AI thinks a wedge pattern broke out (green) on the chart.
The upside movement means a bullish setup.
Retracement in this setup prints a bullish flag (blue).
The price will emerge from the flag and reach the target box (orange).
A retest of the wedge support lines is possible.
Don't liquidate yourself!
EURUSD - Potential retracement following the shark pattern down to a previous strong OB and imbalance's that need to be filled before I'm looking to take EURUSD long again in the trend continuation!
Price may not complete the shark so I alerts pending in between just incase!
If 59k was a key level and 64.5k was the midrange, i’m looking at 69.5k as a possible first stop. 70k is also a psychological level.
We could even get a 66.5/67 > retrace to 64.5k midrange > blast off to 69.5k. This is inside the realm of possibilities.
We could see a retrace from around here at weekly H3 to L3 based on weekly camarilla pivots. this is invalidated by breaking above the H4
also worth mentioning we have both a 4hour AND daily TD9 sequential sell setup.
I dont want to be the bad guy and I do think we can get a little more upside action. However with the current market overconfidence I do not...