My focus this morning is on the GBPJPY, we have seen a strong reaction to the breakdown low that happened on 03 May 2024. The reaction gave us a bullish wave structure on the H1 timeframe, the concluding factor is that wave structure 4 failed to make an HH 5 (200.652). Instead of an HH 5, the price made an LH 5 in an uptrend. The price then proceeded to break...
Hi Guys. As always, heres a macro chart setup i've found to be a MUST WATCH, at the very least if not a potential long.
Analysis done on 1 week, indicating a macro analysis.
Alibaba (BABA), at current prices is roughly 75% from its blow off top in 2020.
Around October- November 2022, we tested support at the historical bottom and bounced to test the Resistance...
I have done plenty of analysis on the GBPUSD in the past few weeks and nothing has changed in our outlook.
The wave of disbelief has matured and we are now selling the cable.
The risk is 1.2636 about 60 pips from where we are right now.
For those who like confirmation, a break below 1.2568 is your first confirmation that more sellers have joined the party.
The 15-minute timeframe is now a downtrend, we saw a completed wave structure yesterday. The pullback to that move is valid and we expect a follow-through. Having said that, the 1Hr timeframe is still not 100% Bearish, we need to see a break below 1.2466 before we can safely say the H1 is now bearish.
The alternative Scenario is this; If the price should fail to...
USD/JPY
The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure.
This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete.
Currently, our high probability trade is selling now to buy later.
GBP/USD
The Cable is bearish because we have...
CAD/JPY
The outlook of the CADJPY is very bearish, based on the Multi-timeframe waves structure count we should be expecting more downside in the pair. The bearish wave structure (4) on the H4 timeframe is not complete yet, we have seen a bearish 0, 1, 2, and 3 wave structures on the M15 timeframe. Having seen the 3 waves, we now have a more than 70% probability...
Hi guys. As always, im on the lookout for macro developments or signals found in assets. Which pose for high probability/ best scenario for taking positions.
Rumble (RUM) is on my radar for this idea post.
My analysis is on the 1 week timeframe.
As you can see RUM has been in a Descending channel since Feb 2022.
Recently we reached the bottom of the channel at...
4h Trend change by confirming on daily tf, price is clearly making HH,HL's.
Price currently in Discount Range, Potential Buying setup would be at Recent 4h Demand Zone, i would be looking for target above the 50% of the 4h recent leg
We expect further upside on this pair, signalled by the formation of a double bottom pattern We can also see the breakout, close and retest of price above a key level on lower time frames, further supporting our directional basis.
Okay,I know we all been watching the steady downtrend of EURONEXT:ALGO for a very long time but hear me out, I think its finally time it starts to pop off. Monthly has reached a strong support zone. Multiple candles rejecting. Higher time frames showing clear rejections where price has finally made the same low. Double bottom formation. For ideal traders, I will...
Hi guys! This is a Technical Analysis on this relatively new company Informatica, Inc. (INFA). But the focus is not the company but rather on finding these specific trends in price action.
This analysis is done on the 1 Week timeframe.
Main takeaway is that its powerful to be able to identify when Price action reaches a Major Resistance or Support level. It can...
In the 90's the DXY capitulated after completing a trend based time measurement.
Trend based time fib tool used with 3 anchor points utilizing the 2 lows and a high.
If we use the same tools on the current data we can see that there is another opportunity coming that looks strikingly similar to the chart from the 90's.
US Government shut down is imminent and if...
Hi guys! This is a Technical analysis on CVS Health Corporation (CVS) on the 3 day timeframe.
We discuss some Current developments on CVS, which maybe pointing to signs of potential opportunity to invest/ hold CVS.
We've had a deathcross that has brought us down more than 38%.
Which has lead us to a critical support trendline that has acted as support since...
Hi guys! With this years bullish activity, ive been on the hunt to find assets that are down 50%+ and with unignorable strong technical signs of bottoming that will pull in bullish activity.
One that i have noticed to have some nice technical signs playing out in my opinion is UiPath,Inc (PATH).
This analysis is on the 1 Week timeframe giving us Macro insights....
currently gold is trading in a bearish wedge pattern n D1 chart.Also it has been reacting for the 1910-1912 very strong resistance and the EMA 200 was supporting for the rejection
the situations like this what we can expect the higher rejection to the upside is possible .if gold trade above 1920 and behave steady above that area will move gold to 1929-30 strong resistance
Hi Guys! This is a Technical Analysis on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe.
We are currently in the process of BREAKING OUT of the Major Resistance Trend that started from November 2021.
Just KEEP in MIND -> The candle closes end of the trading week. So if end of week we are still ABOVE the resistance line thats 50% of the work done for...
Changing a trend is not a simple task; it requires significant time and effort. However, the market typically provides us with valuable information in the form of a trend changing pattern before we witness a confirmed shift in the trend.
The strength of the existing trend plays a crucial role in determining the duration needed for the trend reversal to...
