The price is overall in the range phase; it's forming a triangle-shaped pattern. The market is pulling back towards resistance after a bearish move. I think that the price may fall from the resistance because it did before. We had an impulse leg from the resistance. I am waiting for the rejection candle and then for the price to roll back to the support level. I...
The market is in the potential range zone because it slowed down. The market started pulling back from the resistance zone. I think some ranging might form; the price might go up from the support level and retest the upper channel border from the support. As you can see, the market keeps bouncing off the upward trendline, and if it returns to it, we can look for...
The price is moving sideways at a strong resistance zone. I think the market can bounce off the support level and upward trendline. The price already bounced off the level once, and now it may go up mainly again because the market is updating swing highs and higher lows. It's forming a triangle formation, and I expect a bearish move to grab liquidity below the...
The price perfectly fulfills my last idea. The price has reached the strong resistance zone at 2050. The market has pulled back from this level before. The price formed a potential fake breakout of the resistance on the 4H timeframe. I think the market might pullback from the resistance. On the daily timeframe the price has reached the strong resistance zone...
The currency pair is forming preconditions for a possible break of the trend support and an attempt to change it. The price forms consolidation near the support even after the level retest. there is no expected reaction - bounce from the level. Bears are trying to dominate
We are getting a chance to see a trend change.
But again, since a bullish trend is...
In my previous Gold analysis, I wrote that Gold is consolidating with bullish perspectives.
Indeed, two days ago, The price exploded to the upside, and since yesterday, it entered in a consolidation again.
Although there could be a correction, in my opinion, this should not be sold but bought into dips.
A good zone for buys is under 2030
Also, as an alternative...
It was almost a month ago (November 03) when we called for the start of a rally on Tesla (TSLA) as part of the bullish leg towards the top of the Falling Wedge pattern (see chart below):
Today the stock hit our $250 target and immediately got rejected at the top (Lower Highs trend-line) of the Wedge. That was on the 0.786 Fibonacci retracement level of the...
Hi Traders !
Yesterday, The USDCHF Price Reached a Support Level (0.87270 - 0.86904)
So We Have a Bullish Scenario:
If The Market Breaks The Resistance Line and Closes Below That
We Will See a Bullish Move...
TARGET: 0.88800🎯
Hello,Traders!
GOLD keeps growing just
As I predicted, however,
The price has almost reached
A massive horizontal resistance
Of 2060$ so after it hits
The level I will be expecting
A bearish correction
Sell!
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Hello,Traders!
EUR-USD broke the key
Horizontal level of 1.095
Then went down to retest
It and as we are bullish
Biased we will be expecting
A bullish continuation
Buy!
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The EUR/USD experienced a decline after four consecutive days of gains, stabilizing just below 1.1000, while the US Dollar seeks to recover. On Thursday, Eurozone inflation data could disappoint expectations downward, while the US will release the core PCE index and weekly jobless claims. A daily close well above 1.1010 could pave the way for further gains. A...
Rivian Automotive (RIVN) remained supported within the (green) Higher Lows Zone and on a significant Bullish Divergence on the 1D RSI (in the form of a Channel Up). This is an early bullish sentiment signal but the real technical catalyst is right ahead.
That is the Triple Resistance zone consisting of the Inner Lower Highs trend-line as well as the 1D MA200...
Hello Traders !
On The Daily Time Frame, The EURCHF Reached a Resistance Level.
The Price Formed a Double TOP Pattern.
Currently,
-The Neckline is Broken.
So I Predict a Bearish Move 📉
i'm Waiting for Retest...
-----------
TARGET: 0.94820🎯
The beginning of correction ↓:
Strong rally ends with a false break of the local level 2043 and global resistance 2049.
The market should gather potential and liquidity before the next spurt as the global target of 2068 is not yet reached
1) False breakout, stoppage
2) No update to local highs
3) Distribution stops in the 2049-2045 area, indicating the start of...
Stacks (STXUSD) has closed above the 1W MA100 (red trend-line) for the first time since March 23 and even though it remains within an 8-month Channel Down, we expect to finally break it upwards as the 1D MACD formed the first Bullish Cross above the 0.00 level since since the start of the Channel Down itself.
To make the bullish case stronger, this is coming off...
Gold has increased sharply recently because the FED ended its interest rate hike cycle
Specifically increased from 2000 to 2052
Experts predict that gold will continue to increase strongly in the near future because at the end of the year there will be many important news as well as many events during this time.
– Previous Daily candle closed small Bullish around 2044.400 as price formed new range on the 4h timeframe.
– Buys on close above 2050.000 targeting 1h Strong Resistance formed on 4th May 2023 around 2057.000, Leaving Runners to the 30min Support formed around 2063.100.
– Sells on close below 2037.400 targeting Hourly Open candle formed around 2031.000, Leaving...
➡️ Retested the 1.1000 resistance zone again in the last session, however buyers were unable to push the price above this level, selling pressure returned and created a railroad pattern on the daily, a bearish signal. However, you can watch to buy at the lower resistance area
