The red pitchfork indicates the ongoing downtrend is intact. The Overshoot below the lower medianline parallel is acting now as support as we can see at the green circles. The 1,2,3,4 numbered channel (which has nothing to do with the pitchforks btw.) is up-sloping. Point 4 is projected from the slope of 1 & 2, and the attached handle at 3. This gives us the...
As we said last month, the long-term trend in gold is declining for us. Given that we have a lot of news about interest rate changes this year, we expect a lot of fluctuations for gold. Our best modeling for gold.
Analysis posted already, Anticipating Pullback on DXY
Lots of bear momentum Lots of fear in the Market Price needs liquidity though to keep moving We'll see what happens We shall see how candles close at 1.128 Daily Zone on the 1Hr during NY and Asian Sessions Rejection or close below. IF we pullback up, im looking for 1.13
UPST is forming another bearish flag. There is no sign of price reversing to the upside. Is totally bearish trading under the long term uptrend support now resistance. Great risk reward in this trade.
Monthly: Rejected 2 times from support and now stuck between support and resistance level. Weekly: 2 times rejected from weekly support level. Last week with huge pinbar. Daily: Broken Daily Support Level now this level is support so expect to pull back for test. 4 Hours: Placed pending buy order with thin stop and massive Risk/Reward! This...
Buy low sell high the saying goes and what a great opportunity on this pair for just that. Plus meeting the rules for entry on a geometric trendline and fibo zone notably my preferred 73-78.6 for a nice correction long on the daily chart. Great risk reward on this one, that's what we like.
Swing Idea: NSE:ULTRACEMCO - LONG @CMP 7660 Entry -> 7660 SL -> 7395 TGT 1 - 8000 (R:R = 1.3) - Time frame -> 1 month TGT2 - 8200 (R:R = 2.05) - Time frame -> 1-2 months TGT3 - 8800 (R:R = 4+) - Time frame -> 4-6 months Reasoning: - Stock moving in a channel since 1+year. - Stock moving on lower end of channel with good consolidation - On the verge of...
ROSE is currently testing its 100-day EMA and ~0.455 level. It has also been trading within an ascending channel since December 2021 where it gained ~192%. Naturally, since its ATH it has faced a pullback to its 50% fib level. ROSE must now decide whether to fall further toward the 38.2 level, which is a common occurrence when BTC is weak, or it can gain...
XAUDUSD BULLISH ABC APPROACHING 1ST TARGET 1850.000 after the abc bullish pattern formation with entry at 1780.875 the 1st position will be profit leaven the remains one for the second target top loss will be moved to 1812.704 a 50% above the entry level
I love GJ! I've been riding GJ for a while and super proud of my clean charts. LFG Journaling/learning purposes
well the ADA hit my resistance level I hope you guys enjoyed the analysis. cheers 🥂.
The price reached the previous highs. It created a double top and crossed the uptrend line. Also RSI reacted to the overbought and started to 'look' downwards. Great potential here for positions that will stay open for a few days or maybe couple of week in order to be profitable.
Trade number: 001 Setup picture: S001 This is a scalping idea in 15 minutes time frame and I hope you enjoy it please subscribe so that I will share my trade ideas and you can enjoy and rate any trading ideas. Thank you for your support
FTCH : A lot of tech charts look similar. - big zone of support -resistance here as you can see on the chart - Demark sequential 9 weekly Again, we're going against the trend but I like the risk vs reward for a long swing trade here, cuz I can have my stop loss not too far. Trade safe!
SXP looks really interesting here, and if you're a gambler, this might be a bet worth taking. The bearish case is that we have a large Descending Triangle. The bullish case is that we have Extreme seller exhaustion and may soon be printing bullish divergence. It's important to point out that while normally I would look at seller exhaustion as being a good...
We've been hugging the lower end of the Bollinger Bands since the November peak, without much chopping between. The bands continue narrowing, and moving sideways. If you believe in the power of the bands, you might note just how wide the risk : reward spread has gotten across the market. Massive gainer potential here folks! It might be choppy though, be careful! ...
- Just broke out of lower BB band - Sitting on the lower trend line - RSI oversold on 1D We could see a bounce right now on the lower trend line, it is possible if a turn around happens that we could see 80k this time around and with a stop loss not far below the entry right on this trendline just below the accumulation zone our risk reward ratio for this trade...