More of a huge prediction for probably a year or two from now. On the monthly timeframe we see this descending triangle starting at 2015's highs all the way to August last year (2021). Simple breakout and retest of the weekly support and a huge bounce to the upside. Duplicating the triangle mouth unto the end of the breakout candle sees an overall target of...
Gold is currently trying to continue the bullish momentum. Price has formed a higher low and is currently establishing support above 1852. As long as price respects the trendline, it can probably retest 1860.70 and then 1869.7 1.Price is currently bullish 2.Price formed support along 1852 3. Price broke below structure but found support above 1852 4. Price is...
Yesterday price tanked after the CPI News, but was met with a strong level of support. I believe that market open will be bullish to retrace some of the move from yesterday before continuing its bearish move. I am waiting for market open to determine my POE.
GJ still looks bullish and the move might happen as the NY session opens with volume. Looking for a continuation to the upside. We will see...
GJ recently made a rally and now price looks to be in a range. If price breaks and closes above 156.20, there is a probability that price can continue bullish to retest the daily resistance above at 156.485, which is also a potential wick fill. This will more than likely take place during the London session when the market has more volume. If price fails to...
Today is a new month and price is still looking bullish. Yesterday we made new highs and price keeps respecting the EMAs for a bullish continuation. Price has already formed support in Premarket open to possibly retest the highs created from yesterday. Keep in mind that today is PMI News at 10am so Market could get wild around market open today. Be Patient and as...
Been studying Wcykoff for years but never bother labeling as the pattern are always different from the textbook. However this seem to be a perfect match, which I took a trade during the pullback on M5 at 87.85 This is for my personal analysis and investment purposes. Neither recommendation nor advice. Happy Trading!
A huge drop on Gold. It is possible that price can begin to retrace during the Asian session and London session to build up momentum to continue to the downside. Wait for a solid retracement and resistance to form. Once price begins to reject, there is a strong possibility for price to retest the lows that were created today. 1.Strong impulse Bearish candle 2....
**Trend is still Bearish, so bears are in favor. Price might do a pullback leading up to market open and then continue bearish. Waiting for the volume to enter the markets and then my signal to enter. ***Everything becomes invalid if price breaks and closes above 34540*** 1. Last week’s low 2. Pullback during market close (aka Asian session) 3. Price has...
#SPY - Red arrow and meter are holding strong on weekly Lets see if we break this trend channel EOW If we break this Uptrend channel on weekly we'll see $432
Price is currently testing a level of support which is also where the 200 EMA. I anticipate that the market will reaction to this level and have a bullish pullback to build momentum for the NY session to retest the lows that were created during the NY session close. As long as price respects the market structure, the analysis should play out. This week the market...
*Overall Sentiment is Bearish bc of interest rate talks. Price is currently in downtrend (Bearish) 1.Yesterday's NY session created a low 2. Resistance has formed since last two sessions, if price fails to break above 35244, it can continue bearish 3. If price breaks below 35108 and gives candle confirmation, price can retest the lows at 34990 to continue bearish...
As you can see DODO has popped out of its falling vedge and there was bullish divergence formation on RSI on the daily timeframe. What you think? Share your comments here below. #DYOR
Luckily, I ended up 2021 with a win. It was a modest one but given how tough the trading environment was back in December for the long side (likewise in the start of 2022), I'm thankful that I was able to pull off a W. Let's review it $TRT is the ticker of the trade. First entered the trade back in December 7, 2021 (1st Green Arrow) at $9, when it proved...
Everyday is a new day and new trading patterns we have to identify because of the market sentiments and fundamentals. As you can price is back in downward parallel channel. The price is at its very critical support. Plus its forming possible double bottom and there is also a hidden bullish divergence on RSI and you can see whenever the RSI is above the yellow line...
Quick scalping Idea for today. Price is currently in a range on the higher timeframe so price might be choppy. These are two key levels for a quick scalping opportunity.
Today is the NFP report at 8:30am. There should be tons of volume with the news release. I believe price will continue its bearish movement down. There is too much negative news surrounding the US economy. I believe the NFP report will be good, but the market will still go bearish.
Hello everyone! With a sharp drop, price stopped at strong support ($ 3600). Scenario 1 on bullish rises: Make a quick comeback with a bear flag top test or create a short term double bottom on strong support ($ 3600) The surest entry is with test the bearish flag from top. Close to the price ($ 3900) Scenario 2 for bearish rides: Testing a bear flag from below...