Stock is looking good on most of the timeframes. On the hourly chart, it is consolidating above the previous resistance, which is now working as support i.e 818-820. Sustaining the support, the stock can probably move towards 840 to 860 levels in the coming trading sessions.
The Nasdaq was the weakest of the three major indices on Wall Street ahead of Apple’s earnings report scheduled later today. Despite a strong start, Wall Street indices snapped a 3-day winning streak on Wednesday and handed back early gains just before lunch. Weak earnings guidance from large tech companies weighed on sentiment and served as a harsh reminder that...
A lot of questions about EURUSD. Here is my latest structure analysis and key levels to watch for you: Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support based on a price action of 2001 and 2002. On a daily time frame, a bit lower, we have a support line of a major falling parallel channel. The trend line and a monthly horizontal...
This August was very bullish for USDJPY. The monthly candle closes in just 13 hours, and we see a very cute bullish engulfing candle on the chart. I want to remind you, traders, that we spotted earlier a confirmed violation of 20 years' high. We concluded that such a violation will push the pair much higher. I believe that the next long-term goal for buyers...
Abbotindia standing in the support zone if we see a pullback from the support zone then we are interested to take on trade from here. why support zone? we know that previous support work as support according to price action theory and high volume area also act as support when price come back to that zone and we add one more thing called average price, average...
"ABBOTINDIA " is currently standing at the support zone if we pull back from here, we definitely interested in a long trade. why support zone, when we get conjunction of high volume profile, previous support, and resistance, and the average price of some important event. Setup = Conjuction of (volume profile + Privioue support + Avarage price)
BTC price action has shown the first signs of weaknesses on bullish direction. First off, previous high/resistance of $24670 has not been broken neither tested weakening the weekly bullish set up over last month for the first time. Secondly we can notice bearish RSI Divergence highlighted by the white trendlines. Furthermore, MACD shows a bearish crossover in...
I have nicely predicted a pullback from a key weekly structure on EURCHF. Ahead is a strong daily supply area. To catch a further bullish continuation, wait for a bullish breakout (daily candle close above) of 0.9786 - 0.982 area. After a breakout, a bullish continuation will be expected to 0.987 / 0.9915 ❤️If you have any questions, please, ask me in the...
🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point. 📉 SHORT BTC - Entry Price : $23,680 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $575, and a minimum expectation of $200. We are looking for BTC to hit the bottom of the liquidity vector created on July, 28th 📆 🕰️ Duration of trade:...
🖥️ We have determined there is a 60% chance Bitcoin will rise from our current entry point. 📈 LONG BTC - Entry Price : $23.920 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $550, and a minimum expectation of $150 🕰️ Duration of trade: we are expecting this to occur within 6 hours of this signal, with a maximum duration of...
GBPJPY Analysis GBPJPY recently formed a diagonal pattern which in this case we would consider to be an Ending Diagonal pattern. The sell-off could still continue prior to we haven’t seen a clear correction pattern to the downside we only see price as an impulse wave. Now we are likely to see impulse moves continue. CADJPY Analysis GBPJPY is not any different...
Hi traders, We have a trading idea to offer you in DEN stock. The idea is an idea based on technical analysis only. So like this, DEN stock has been converging for over a year and seems to be changing direction to the downside. The simple moving averages support us in the idea and give us confirmation that the trend is changing and we are likely to see a decline...
The markets continue to be volatile. Here's how I'm trying to make the most of it with respect to my swing trades and investments. What are your views?
Currently, we are in a correction phase waiting for the breakout in the future time to come. When wave C got completed, based on my perspective or view, a falcon wave has already formed also waiting for the breakout. A slight correction which started from 1.20000 to a fibs level between 50.0% and 61.8% is my anticipation. Once price reaches those fib level look...
EURCAD is trading in a long-term bearish trend. The pair started to consolidate within a horizontal trading range on a daily from the beginning of April. Now the price is approaching its support. From a current perspective, I see two potential scenarios: If the price breaks and closes below the support of the range on a daily, then a bearish trend...
WTI is overall in a Bullish Trend and recently we saw a clear bullish Triangle occur for the 4th wave sequence an Elliott Wave impulse move. We have a clear 1-2 1-2 sequence in-game price that seems ready for the next rally up to complete the third wave on the blue degree. Although we have to watch really closely in relation to what happened to XAUUSD previously...
Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list. 1️⃣ EURUSD - Monthly time frame 🇪🇺 🇺🇸 The market reached 6-years-low last week. And as I predicted, the market started to recover. It looks like bullish pressure is strong enough to even break a daily structure resistance. I believe that we may expect a further bullish...
GBPCHF : Sell Stop .Trade at your Own Risk. Protect your money Using Stop Loss and Never loose More than 0.5% On a Trade.