Expecting ROI - 30% As mentioned in multi time frame analysis charts, 1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months, now ready to move out of the consolidation zone. 2) Compressing at major supply region with minimal sellers strength 3) Expecting BO soon, SL at prev week low.
OANDA:EURCAD is showing potential reversal from current zone. It is currently trading in potential reversal zone of XABCD butterfly pattern along with ascending trendline retest and bullish divergence confluence. These evidences suggest a potential up move in EURCAD from here. We can look for buying setups.
Hello Traders, Here we are looking at NAS from the Daily timeframe and I have identified two possible scenarios that could play out this week. Scenario 1 is that if price closes above $17600 - $17400 then that will push price further to the upside back to $18k area Scenario 2 is that is price closes below this $17600 - $17400 area then that will indicate a...
Logarithm. Secondary trend. Trend break zone. Time frame 3 days. Linear for clarity of the reversal zone in the altseason. The main trend and description of the cycles of behavior of the “samsara of stupid money”. PSG/USDT Main trend. Wedge. 21 11 2023
Pitchforks to generate signals - in this video I share how to pull pitchforks on the daily chart, drop down to the 1hr and 15m, and use price stability and wicks to create buy/sell signals - pitchforks often capture major pivots and areas of price stability. Try it out and let me know if you need help with the idea. I suggest playing with different levels and...
Price got heavily rejected twice at around 422 mark, with lower highs and lower lows being printed on the weekly chart. On a higher timeframe, the price has bounced again from an upper resistance. Not any meaningful bearish divergences aside a soft triple bearish divergence on the monthly chart. In the scenario of a pullback, price could bounce from the 370 mark,...
I was down in Mexico over the past week and most people were commenting about how weak the dollar was against the Peso. While I was there, the dollar made a move from the low SWB:16S to $18. Most people kept saying that if it gets to $18-$20, you should sell your dollars to buy more pesos, because the dollar will decline against the peso over the long term....
The Mosaic Company comes from a long accumulation period, breaking out from a bearish trendline, doing new highs and now pulling back to the 0.709 Fibonacci level. Great chance to buy now and sell on previous high, or hold for very long term.
Based on historical backtest of trade strategy. 18H BTC HEIKINASHI If the candle closes at or above the indicated value of the purple line as shown, typical trade is 23 bars with and average profit of 8.18%. This would be a longer term/higher time frame change in structure for BITCOIN. 60k double bottom is still in uptrend. Lower time frames are...
We can attempt to buy WAVES from specified level as 0.618 FIB also intact. SL , TP mention in chart.
NASDAQ:NVDA was over-speculated. It is a component of many ETFs based on all kinds of index funds, from semi-conductor ETFs to Big Blue chip companies, etc. NVDA was the big loss stock for the NASDAQ on Friday. The huge down day was due to many retail investors and smaller funds running for the door. This has nothing to do with its earnings report. It is a...
This could be a very healthy controlled selling on the way toward a retest of our purple selling channel and potentially a breakout thereafter. This is what to look out for - and again this is on the weekly chart so definitely look at lower time frames to get a better/clearer picture Happy Trading :) - TraderDaddyOG
📉Hi Traders, Investors and Speculators of Charts📈 Solana has made some great increases, and it's retraced back to support levels. By looking at the Drop-and-Pop fractal we've been watching, we can conclude tat for the short term, the support zones should hold at $140, with wicks as low as $120. We can also take a look at moving averages to get an idea of...
After rising above the important pressure zone of 2,400 points again late last week, it finally closed near 2,390 points. We once regarded this pattern as a strong level to be broken through. Gold has a 4-hour double top structure. Gold fell directly below the low of 2354 in previous days. With support, gold's decline will continue. Gold's one-hour rebound of...
The stock has broken upside of it's important supply region - 2018 all time high levels , clear Volatility contraction in place. Breakout and Retest has happened - level - 162. As per the Technical pattern, target of minimum 236 is seen. As mentioned in charts, My entry at 178 with an SL of 5%, target of 30% - 236 - Trailing as per Price Action.
Based on the market behavior today, April 10, 2024, I have finally settled on a new structure model of this entire market top. The bullish wave yesterday had all the punch of a D-wave in an Elliott triangle, but then stopped unexpectedly and turned south for a deep retracement. I commented in another topic that this was a leading diagonal, but that structure is...
Good entry here. Long term addition or swing trade. Added VZ long position
NASDAQ:TSLA #TESLA Is currently testing a significant 4 years old wedge for the 3rd time. The stock has lost more than 60% in the last 10 months. Inflation and Tesla's layoffs are the obvious drivers for the recent fall. Below current level, is a free fall to a hard to anticipate zones. Keep it simple. #AHMEDMESBAH