the triangle pattern is obvious in chart and the price has already broken down the lower line! so we just wait for pullback to be completed then after the first sign of reversal candlestick pattern we will open our position. note: it is not recommended to open a position before these steps! let the price ensure us about a valid break down then we will open a...
I posted an analysis of AUDJPY recently, stating that I had an overall (long-term) bearish bias but a buy opportunity was present. Check out the previous analysis below. Before:
Gold has formed a double bottom and price has retest the neckline. An impulse move should be expected. With the formation of the double bottom price has also created a new low, it may be safe to expect price to retrace and test the previous low and possibly meet resistance and continue the bearish trend.
BNB broke through the September – October wedge, as well as the MA200 on the 4H chart. Most bullish scenario would be a quick bounce off the $26 area to continue its long-term bullish path. In case it breaks through the $26 resistance, resistance 2 @ $22 and resistance 3 @ $18 are next. The latter being quite unlikely. In case you’re looking for a short...
If you’re long in Bitcoin, beware. Two big resistances are both being hit at the same time. First there’s the 2019 high. Secondly, we hit the upper limit of the upward channel since march. My advice would be exiting your short- and medium-term investments and look for a new buy-in around $12,000. I’m still long-term bullish on...
Bitcoin is currently printing a 2nd inside bar for us to decide which way Bitcoin may break. Watch for a break if we move past the high of $13,387.30 or the low of $13,149.43 from the previous inside bar. Whether we break bullish or bearish, I would still expect us to stay within the broader tightening equilibrium pattern for now. Current equilibrium resistance...
Hello Traders It broke the top of the blue A wave and dropped immediately. It looks like we have a complete regular flat. Of course, it can go up more. We have still some room under the orange trendline and a pretty strong Fib confluence. So we will see if it will fall, or make a correction for one last upward impulse. I'm waiting for one more upward impulse and...
Hello Traders If the previous structure was a complete running flat (green B), we should see more upside and a new high. That's why I'm looking for long trade setups. What is made over the green trendline can be a complete correction, and a reversal pattern can be in the making. Now, I'm waiting for a correction to place a pending order. I plan to hedge my trade...
Hello Traders A daily correction should have been in the making after the last top at 0.67400, and based on its internal wave structures, the last low (the green C) can be the end of it. Now, I'm waiting for a correction to take a long trade. Trade with care. Bulent
Starting from the left hand side, it could be observed that there is an impulse movement with a 3rd wave extension which has the 5th wave truncated. A ((A)(B)(C)) correction was instantly noticed, this lead to formation of a Bearish Barrier: The upper line (resistance zone) was constant while the lower line (support zone) kept ascending giving life to a barrier...
We are very close to experiencing the biggest correction in years in the main US indexes. We can observe a clear divergence between the index dollar and the S&P500, when it should be a mirror. Something says something smells bad. We must bear in mind that the SP500 is at a significant top and that it is highly unlikely to break it due to the current social,...
This is my analysis. Buy short when price breakout 15 ema line up to down trend line. Later, buy long. BINANCE:BTCUSDT Good luck and patiente!
Following USDJPY posted before this, expecting this strat to play out on gold until 1PM - 3PM. May trade the reversal not looking to jump in on this now.
We could take action for short and don't forget to put your Stop Loss.. The price is bullish after touching the support level , it is a good sign for us to take action to buy for short since the support level is respected so many times, it could be the other one, but.. don't be overwhelmed just take it easy wait for the confirmation for bullish, take your action...
Hello Traders We may have a complete regular flat. That's why I'll take a short trade if it gives me a valid trade setup. As you can see, a very important Fib confluence level was tagged. We can get the reversal impulse soon. That being said. There is no divergence inside the C wave, and there is another strong confluence level, which might be reached. So we can...
US Dollar futures On Friday DX found a triple support around 93.5 (EMA100/EMA200 and a trend support). On a 4H chart, the DXY broke both, EMA 100/200 with increasing volume showing a bullish participation followed by a low volume correction and a successful test with a high volume test candle. On a weekly basis, last week finished with a bullish move with high...