monthly pivots get struck. like every one of them. they don't go untested and the next one coming in in the low 17k area. question is where does it fall from. there is still about a week left. some possible areas are monthly H6. it's a high risk bull target at 22k. another possibility is from here. the current weekly h3. at 19312. if looking for the...
So far the DXY traded above the previous yellow line that I had marked up in the analysis that is connected to this analysis. It retraced into the weekly price (red line) but didn't trade above it so im still bearish on the Dollar. As of now I would like to see the market retrace into this order block and continue bearish to take out the low that was formed...
hello here are the update on Nas100 to the downside, woah that was quick now lets wait for it to go down to the targets. Give it patience to make a pattern. There are multiple entries for you guys. Don't forget you only need 20 pips to 50pips to be profitable. Also always give your trade stop loss some space to breathe so it would not tap and shot to the...
Hi everyone, I'm back here with an analysis on Ethereum. I tried to put all information relevant to ETH on the chart, so it should be pretty self explanatory. In case you have any questions feel free to drop me a personal message or drop a comment below.
New weekly pivot on chart coming. monthly in the 16k region. all weekly and monthly targets getting hit except one in the 19k region. Large correction coming soon. Algos will react to these levels. Camarilla + cpr.
Chart says all. Expect pullback to 3390 to fill the gap at the 0.618. Might turn sooner, ofc.
"Bearish Nenstar harmonic, cousin to shark, cypher, bat/butterfly patterns; a Gartley variant. Typically the selloff from pattern completion at D is a .50 retracement"
Just an idea not advice; trade at your own risk, GLTA!
Following the recent impulsive breakout of the ascending TL... we will be looking to enter shorts on a pullback to retest it in confluence to the 0.5 fib retracement, previous area of support (which is now key resistance), and the MA50 which has shifted its momentum to the bears.
Bitcoin has broken out of the recent consolidation and is now testing the 11,600 to 12,300 resistance zone (has been on my chart for months). I shared our LONG entry price at 10,675 (see my previous article) and it has reached it's first target at 11,375 for a 700 point gain.
Technical notes and what we are anticipating for the week ahead:
We have reduced our...
Got a clear 5-wave impulsive breakout from the ABC correction of September; but enters overbought condition in RSI, needs a breather and consolidation at support; trade short; then roll long at ~1515
Line tracing back through multiple S/R peaks/troughs at 1506 - 1513 tar zone; look for retracement over ~2 weeks/9 sessions before trend resumes
Uptrend will be a...
From October 19th, we have seen a 26-trading-day downtrend. The second attempt to break the trend was at the 38.2% fibonacci retracement level, which failed.
We are now trying to test the same downtrend line (Red arrow), while also testing the 61.8% fibonacci retracement level.
The 50sma which is converging with the 50% Fib; which seems to...