The last four times BTC daily chart showed RSI oversold, it has then gone on to gain at least 40% over the course of the following year. While the weekly chart still looks extremely bearish, keep an eye out for a further drop to 34000 as a potentially great buy opp.
A bullish bat pattern for the NZDUSD, not the best setup as X(the starting point) didn't start from the lowest point. I will be waiting for the 15mins candle close to determine if it has a 3-bar reversal for me to engage the trade on this bat pattern.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on October 1, 2021 with a closing price of...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on October 1, 2021 with a closing price of...
Butterfly Pattern completes at 0.7197. If the candle closes at 0.7200 will be a stronger setup for a Bullish Butterfly Pattern. Waiting for 1700(UTC+3) candle close.
Aggressive trader out there checks the USDCAD 1-hourly chart for this Bullish Bat Pattern. To some Harmonic Pattern traders, they might go aggressive on the Bat Pattern. Any idea the reason behind this? Comment down below
I must say, I'm a forex trader, not a stocks trader so do your own research. From the technical analysis standpoint Zoom has hit $290 after the company reported more than $1 billion in quarterly revenue Monday, topping analyst expectations. But the company’s third-quarter earnings guidance failed to impress Wall Street. Shares of Zoom (ticker: ZM) were down more...
Bullish Gartley Pattern form at X is 1 of the pattern that I will watch closely. I'm waiting for a counter-trend trade on this Gartley Pattern setup. Trade has already engaged but stops is placed below the bearish flag completion with buffer.(you can check out the link at the bottom to access the training on my secret formula in placing stop-loss)
An emerging bullish bat pattern shows on the 4-hourly chart. This Hamornic Pattern offers a counter-trend trading opportunity for traders who are looking to buy at the Support level.
On the 4-hourly chart, we have three Harmonic Patterns Setup, Type2 Bullish Shark Pattern, Bearish 5-0 Pattern, Emerging Bullish Deep Gartley Pattern, but I prefer the setup on the 1-hourly chart over the setup on the 4-hourly chart. I'm waiting for a buying opportunity on the trendline, as long as it didn't break and close below the trendline, it will be a...
USDJPY on the daily chart has a buying opportunity. A retest on the trendline will give an opportunity to long, as long as it didn't break and close below the trendline. The grey box will be the area that trend traders have to take note of, if it fail to break and close above the grey box, shift stops to entry to avoid unnecessary losses.
Both Daily Chart and the 4-hourly chart has Bearish Shark Pattern form at proximity. I'm waiting for a correction to 1.3839 for a buying opportunity.
From a longer-term perspective, I'm looking for a shorting opportunity but as of now 1.1847 is the level I'm waiting for a buying opportunity. The 1st Target will be on the immediate high and the 2nd Target I'll be doing target extension.
TATA MOTORS is currently oversold and now showing rsi divergence. Can go long now.
If you are looking for an aggressive buying opportunity, you can wait for a retest on the trendline retest. As long as the candle didn't break and close below the trendline, you can consider a buying opportunity.
This stock has been crushed recently, but there’s a good chance it’ll do something interesting now, that is near a support level, and it is apparently oversold. We have a congestion in the 30min, and some breakpoints ATVI must break, like the 92.08 and the 92.74. If ATVI breaks these points, we might see it bouncing to the 94s again. The 91.50s seems to be a...
Something different for my first idea of the day. Working a RSI based strategy here on GBPSD 15M time frame. After a mad drop caused by FOMC news the strategy has now presented a potential long. Entry details are shown on the chart. Green line is TP, Pink line SL As always trade history can be seen below this trade idea too for full transparency. Last...
It looks like DE is extremely oversold, and this might be interesting. We have a divergence on the RSI in the 30min chart. It is not the best, but it is a start. We also have a rounded bottom idea, and only DE loses its bottom the trade will fail. Small stop-loss, high reward. The RSI in the 4h chart is extremely oversold as well, and DE went outside the BB for...