After putting the pieces together for what btc has been recently up to, i realized what ethereum was up to as well ;)
ethereum is in the midst of a wave 4 correction, within a triangle.
since wave 2 was quite simple, that makes this wave 4 complex.
to put it simply, look how beautifully ethereum has been hugging this pitchfork ~
when btc goes for the final dip...
Reasons for sell
- Break of previous trendline and retest
- Rejection at previous trendline
-Retest of S/R Zone
-We have a bearish continuation flag
Price has to break below the temp trendline in order to drop
hello again dear traders
I updated my mind about the eurusd based on the new channel but we have good targets down here the blue zone is the best target you can have for short .
and you should consider the possible pullbacks.
after all we have a red zone at the middle of this channel and it can be touched before you set a short position
WTI Crude prices dipped over 1.7 percent to close at $40.2 per barrel as surge in U.S. Crude inventory levels clouded the demand outlook for Crude; however, lingering supply worries limited the fall. As per reports from the Energy Information Administration, U.S. Crude inventory levels rose marginally by 501,000 barrels in the week ending on 2 nd October’20....
90 Minute Time Frame: Price is testing support in confluence with wick rejection head and shoulders and a potential flag with a double bottom. (screen shot will be provided in gallery) if price manages to hold above, we can look to buy to 1960.00 and potentially 1970.00. However, if price manages to break support look to reevaluate price action. Due to the...
Daily Time Frame: Price is testing areas of resistance with signs of wick rejection at .91000 key psychological zone. Price has reacted from this zone in the past so it will be interesting to see how it plays out this time.
Right now, we have a bounce or break situation. If sellers are more enticed to push this down, then we can anticipate shorts down to .89500...
Hello everybody, Hope you are in best mode
GBPUSD is about to heat double supply area (2 supply areas that we combined to one)
And if dollar comes with it (Rally) it can drop from here
its a short term trade, i wouldn't really think about more than 1:5 target (1:5R/R)
In my opinion, better quality stocks around
However, stock is sitting on support
If you're insistent on taking a trade on the long side, you can get a bounce off of support
Trading at all time lows, does not bode well for any long position
Sell the rallies.