Entered this one yesterday on the break of the trend line. Targeting the 50% retrace. Normal SL Management.
🕵️♂️ Let's dive into the analysis of Cardano, a well-known cryptocurrency, and explore its trading potential. 🗓️ In previous analysis, it was mentioned that after breaking the support line at 0.5651, you could open short positions and hold them for a long time. ⏳ However, what happened after this analysis was that Cardano experienced about a 30% decline and...
Hello friends In the USDCHF currency pair, we see the formation of a 3-wave pattern. In counting Elliott waves, these 3 waves are considered either a zigzag pattern or 3 waves out of 5 impulse waves. Therefore, in both cases, there is a need to correct the price. Now, considering the formation of a terminal triangle pattern in wave 3 or C, we consider the...
Booking has pulled back for three months, but now the online travel agency may be starting to move. The first pattern on today’s chart is the bullish gap on May 3 after earnings and revenue beat estimates. BKNG cleared a weekly high from April 24 and subsequently held it. Prices also broke above the falling trendline along the peaks of February, March and April....
Slope of XAUUSD is too high if it falls below that slope then price action will come down between 2213 and 2241.858 for some more consolidation before another move up.
Trading Plan for Thursday, May 9th, 2024 Market Sentiment: Bullish, but with increasing uncertainty as the market enters a consolidation phase. Expect choppy trading within a defined range. Prioritize patience and focus on level-to-level scalping for small gains. Key Supports Immediate Supports: 5203, 5194 (major) Major Supports: 5177 (major), 5155 (major),...
My trend lines are from weekly time frame that took reference from multiple year's price action swing points. Price here has broken the light green line, it's now near the dark green line where it will take support. I am waiting for price to reach red line but not in coming weeks. Price likely to go up sharply again before being rejected and crashing. I hope...
Gold is still down, but it is not over. There is still another plunge in gold. This wave will inevitably reach around 2292. There is still room for a downside of 16 US dollars. Be prepared. The four-hour line continues to have a large negative line surrounding the positive line, which is an obvious bearish downward trend. One negative line breaks through...
After a Rally from the 4900 levels back to the 5200 a negative momentum divergence started to form in the chart. Still in the positive side, but this could mean a major correction is forming. Let's remember that the previous correction was 5% from the All Time Highs. It all depends if the S/R @5200 is breached or not. If not then the ATH will be left behind for...
Stabilizing emotions means reducing desires and satisfying needs. The demand is that I only make 5 profit points, and I will be happy when I make it. I don’t care no matter how big the subsequent profits are. This is demand, and demand can be met. When you are satisfied, you will be happy. Eat when you are hungry and stop eating when you are full. This is...
price is going up because of big change in policy of two country it has breakout and now testing big yellow horizontal support you have perfect technical setup here blue parallel channel horizontal yellow support fomo buying in crowd for 160 level
We can attempt to buy EFERT from specified level as 0.5 FIB level intact , also there is no bearish divergence at current levels indicate that it move upward . SL , TP mention in chart.
Hello to all our subscribers. Please share your personal opinions in the comments. We kindly ask for your boost and subscription. While the Reserve Bank of Australia (RBA) maintained its interest rates during the Monetary Policy Meeting on the 7th, the Swedish Central Bank's rate cut boosted the price of the dollar index. Meanwhile, the Bank of England's interest...
Longer-term price action for Litecoin (LTC) versus the US dollar (USD) is on the verge of challenging trendline support, extended from the low of $40.18. With price action failing to print any meaningful highs following the previous test of trendline support, a break below the trendline support could be seen and may serve as an early cue for completing a...
EURUSD bearish setup.look for sell opportunities only. Follow us for more forex signals
Coffee futures are down -7.3% MTD, with the move pulling price action to within striking distance of an interesting combination of trendline support around 190.79, which may offer buyers a platform to work with. As evident from the daily chart, we have trendline support taken from the low of 143.40 and a trendline resistance-turned-potential support drawn from...
We have a simple chart layout for the WTI oil chart this week to work with. Following four consecutive days of losses, price action is within a stone’s throw of connecting with a tight area of confluence, consisting of Quasimodo support from $77.55, trendline support (drawn from the low of $67.74) and channel support from the low of $81.09. Should price test the...
Over the next five months, from May to September, Bitcoin is poised to undergo what I term the "BTC after Halving effects." This phase is not only anticipated to test Bitcoin's resilience but also challenge the resolve of weak holders, as the current price is likely to experience a pullback. However, the extent of this pullback remains uncertain, especially with...