On the Microsoft three-day chart NASDAQ:MSFT , we've observed that the initial cycle of Wave (5) & I peaked at $430, hitting the 61.8% extension level, and has since declined to $402. We believe that $430 will now act as a strong resistance level. We anticipate a significant correction for Microsoft, potentially dropping to between $220 and $100. This forecast...
MCDONALDS NYSE:MCD | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024 BUY/LONG ZONE (GREEN): $270.00 - $276.50 DO NOT TRADE/DNT ZONE (WHITE): $266.00 - $270.00 SELL/SHORT ZONE (RED): $259.00 - $266.00 Weekly: Bearish Daily: Bearish 4H: Bearish I wanted to create a post for the initial bullish trend breakdown and the first range, but decided to wait until we...
During the day, gold fell back from above 2330, and the current lowest has touched around 2312. The current short-term trend has started to stop falling after multiple long upper shadow lines appeared during the continuous downward trend. During the decline, the energy of the bulls still showed strong resilience, and the short-term trend began to fluctuate and...
If you go in the wrong direction, your efforts will be in vain; if you go in the right direction, you will get twice the result with half the effort. It is already a short trend. Go with the trend and the rebound will give you the opportunity to go short. Going against the trend is like licking blood with a knife's edge and pulling out chestnuts from the...
Markets are all current, and trading is also current. Keep it simple and follow the trend. Don’t be too complicated. If you understand the logic and password behind the K-line, you will not panic when it rises or fall, and everything will be clear to you. , can we deal with it calmly. Only in the face of confusing market conditions can we see the light, gold...
We can attempt to buy AGHA from specified level as it break LH , trendline resistance , also there is bullish divergence indicate that it move upward. SL , TP mention in chart.
We can attempt to buy USDCAD from specified level as 0.5 FIB , trendline support intact, also there is no bearish divergence. SL , TP mention in chart
I am very curious about this one... SAGA doesn't look good compared to others and has shown a lot of bearish market structure to the downside, with losing the monday low and the low volume node zone below it is appears as if SAGA wants to come down to the levels of the surge last week. Would be a high RR setup but a very risky on. BTC could give the momentum in...
After falling twice in Asia and Europe on the previous trading day, it finally hit a low of 2292 and then stabilized. Then gold prices began to rebound, eventually rising to the $2,333 level, giving bulls temporary breathing space. Despite falling U.S. Treasury yields and a weaker dollar, gold prices failed to sustain gains and ultimately failed to hold...
Got stopped out here as well. Will be monitoring DXY closely to see if my risk off dollar strength bias is still viable
Hello, friends. Nice to meet you After breaking the RISING WEDGE down, It shows a very strong extended wave. If the upper line of this extended wave is broken upward, it is likely to rise to the recent high.
Trading Plan for Wednesday, April 24th, 2024 Market Sentiment: Uncertain, with bulls maintaining control after yesterday's rally but price action becoming more complex after a trend day. Key Supports Immediate Supports: 5095-5100 (major), 5082, 5076 (major), 5067 Major Supports: 5056 (major), 5047-45 (major), 5027 (major), 4996-5000, 4966 (major), 4945-49...
Below is a scenario for the price movement of DOGE. After an impulsive rise in the price chart from $0.08418 to $0.22721, which amounted to more than a 171% increase, resistance formed at the level of $0.22721. Under this level, the asset is trading on increased volumes. Currently, the asset is trading at $0.16156, exceeding the Point of Control level that the...
Hello again everyone, I hope you are well and I gave you my opinion based on the price of BSWUSDT in the chart. The large hidden divergence in (D) TF and the uptrend has not yet broken. I think the price might be 37-50 or even higher And I hope this helps you! Simple, concise, useful Best Regards BINANCE:BSWUSDT
Update plan gold 2024- 2025 Gold's daily line has been broken, but we should not rush to sell gold right now because it is facing quite strong demand. I believe that this factor will help gold recover to 2390-2400, then we will sell off gold at higher prices. Normally, gold will peak in early May, this we need to consider further in the case of a sweep. old peak...
RNDR broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 10.5 is expected to happen.
Because gold failed to touch the 2300 position area again overnight, I adjusted the TP of all short positions yesterday to 2316. Today, in the early morning, all short positions touched the TP: 2316. Although the profit was much less than expected,but the transaction will be safer after adjusting TP. After that, I caught the rebound profit in the area near the...
Harmonic Pattern Formation: Anti-Butterfly (XABCD) NZDUSD is currently forming an Anti-Butterfly Harmonic Pattern on the 4-hour time frame. The pattern consists of four distinct legs: X, A, B, and C, with Point D indicating a potential reversal area. Confluence with Trendline and Fibonacci Level: The Anti-Butterfly pattern is accompanied by a...