Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11) If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart. If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns on a 5m, 15m or 30m chart. Continuation TP levels will be...
Crude Oil is reaching a selling decision point. Wait any reversal candlesticks or reversal chart patterns or any divergence of any oscillator indicators.
Bitcoin is stuck, but before you get too bearish, it is worth noting WHERE it is stuck. The 7K level is a minor support, but it is within a very broad support zone of 7275 and 5464. In the middle of the zone is the 6558 reversal zone boundary. These levels and areas are not made up, or randomly selected. They are a result of previous price action and are...
Bitcoin breaks the 8K support, takes out the previous 7290 low and pushes into the 7275 to 5464 broad support zone. What does this price action mean in terms of the bigger picture and is there still a buying opportunity here? In a recent video, I pointed out that we treat trend and momentum as two separate elements when we evaluate Bitcoin for trade possibilities....
my idea going forward into Wednesday. may come sooner or later. the overreaction to that news...25million. compared to there estimated mrkt cap of close to 1billion. do some dd the only did 2.5% against their actual worth and sp goes down about 50%...easy dip buy. if presented tomorrow with 1.60s don't miss them IMO
We are still short this market whilst JPY is still showing strength and AUD at the opposite extreme. However, watch this market in the next few weeks for signs of reversal when the 71.00 zone has been reached. A big change in risk would be needed to move this market beforehand.
In the chart there is a yellow zone. Trend touch that zone several times, and reverse. Now it's time to follow the trend if it's reverse or go down. If candle close below the yellow zone, that's the confirmation to go down. Otherwise it will reverse. Let's watch ,...............
BTC appears to now be heading back into a bullish phase again (on the 1D chart), after taking a break for a healthy retracement.
Started buying in a little earlier at ca. 9888 after the breakout from the upper trend line from my previous analysis and subsequent finding support at the 50 sma. Will buy in more after successful bullish retest again at ca. 61.8% level of the specific fib. level drawn (see previous chart above for more details on this). Might start feeling more neutral again...
RSI looking bullish in (1D) chart, but bearish at shorter time-scale charts. Appeared to find support at the 61.8% level of the specific fib-retrace drawn -- where I've used the 6195 USD level as the bottom instead (which was the level that was held in a long painful sideways trend before the massive dump around 14thNov18 all the way down to 3kUSD) and also where...
Meeting horizontal resistance and appears to have made a higher high on the last wave up when looking long term daily. Broke out of the downtrend resistance with the first higher high.
With the Bears pushing down EURNZD down for couple of weeks, the Bulls are now ready to pullback the pairs...
Oversold on multiple time frames Distinct 5 waves done, completed Elliott Wave 5 Selling is diminishing Multiple long signals
The major trend is uptrend, the intermediate and, the minor trend is down to main support levels. The volume confirming price action. Waiting for support to hold confirmation. Next resistant level at 1.3200
My apologies for such a saturated chart. For me, this bullish trend is ending very soon. We can see that the price is losing strength as it approaches to the weekly resistance. It also got over the 0.76 just for 20 pips and immediately reversed. Zoom in on last pullback and pay attention to the volume traded. You can see the bearish candles have more weight and...
OANDA:BCOUSD Yesterday was the big day I was expecting with a 360 degrees daily swing, starting with a bullish attempt of 120 pips from 62.5x to 63.7x and a final fall of 200 pips. It validates how critical is that area for both Bulls and Bears to shape the following trend of Brent Crude Oil. I mentioned on my daily chart analysis yesterday an area of...
BASIS.. Uptrend reversal potential still in play. Looking at 14 days to find reversal emergence. Alt market should be heating up very nicely and even if we get hit with 5 % TOP COIN drop days there will be opportunities for recovery. BTC Target 3650 within 14 days. Fairly strong support backing up sideways action within 10% swing from current position.
+ Price Reversal Zone + Possible Falling wedge Wait for a clear PA entry on the reversal zone.