Remember the Great Sudden Multi-Sector Fall of Dec 20, 2023 where Almost all Sectors of NSE/BSE fell together ??? Refer our 8 Part Series - Decoding the Mystery of the Dec 20 Fall for more explanation of why we faced Major Selling Pressure Across Sectors Is there a possibility of something Similar on the New Year Week ??? - Before we say Yes / No - let's first...
Hello everyone! I expect this paor to continue its global downtrend. 4 major points that supports my view: 1) There is a massive orderblock formed on Sept 3. 2) Trendline resistance 3) The divergence on RSI indicator on H1. 4) The central babk of Switzerland has raised it's interest rate by 0.75%! Entry: 0.98411 SL: 0.98665 TP: 0.9508 (On filling the imbalance...
EURAUD has been trending downward on the 4H timeframe which was also complemented with a downtrending trendline with two touches we also anticipate the third touch on the trendline for a possible SELL Price is currently approaching a significant psychological key level of 1.47000. Will there be a break above or rejection on that level ????? WATCH OUT 1. Third...
On the monthly, weekly, and daily, DE does not look good. It may seem like a Bull pennant but I believe this is a long distribution. The newest weekly close is a rejection of the top trendline. I expect it to retest the bottom of the trendline and, if the overall market is doing poorly, then DE will fail to bottom out and fall off a cliff. Price action is the...
ALTPERP Trendline retest or rejection ?
BTC trendline retest or rejection ? (Journal purposes)
M pattern forming (with 3 trendline rejections, the 3rd currently rejecting) Parabolic run up while the rest of the market was either ranging or moving up slowly Options expired yesterday, so could see a further move downwards as we have seen in the past after options expire Nearing the end of the week/month Its currently the weekend where we usually see a...
Price has gone up around 15% since yesterdays analysis, however i still see there being further downside on this pair. While this has gone up, ETH and LTC have stayed relatively stagnant, while BTC is currently ranging between 50-55k. As shown on the chart we can see a head and shoulders pattern has formed along with a hanging man at the strong resistance level...
Chart says all. I do not pretend to know WTH is gonna happen tomorrow, can't even see 20 seconds into the future fgs. IF this plays like I think it might, gonna get Beary Ugly PDQ. See divergent indicators; the major indexes also diverge, DJI at new ATH while this struggles back to the breakout point. Gonna reject under the TL IMO. I'd short this in QQQ March...
Refer to J Murphy, Technical Analysis of the Financial Markets: Fig 4-10a; rejection, return to TL; rejection confirmed: cdn.preterhuman.net See p. 72; and discussion of reversal patterns with diminishing volume pp 103, 107/8; Fig 6.8c with discussion of wedges as reversal pattern, and volume on pp 147-150. All this is THEORY. Trade at your own Risk; GLTA! NB:...
on H4: EURAUD is overall bearish trading below our green trendline so we will be looking for objective sell setups on lower timeframes as price approaches it. unless price forms a new swing around our green trendline and breaks it upward, then we will buy this one long-term. on H1: EURAUD is forming a channel in red so we will be waiting for a new swing to form...
The cross is approaching a trendline and has created a bearish Cypher pattern ( we can also see a shar pattern completed on 0.886% of XA leg reached by a spike of a H4 candle), in addition there is a clear hidden divergence in RSI. Japanise yen is still strong because Covid crisis has not finished yet and some counties like South Korea and China has registred new...
Hey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Gold can be very choppy so keep your risk low and mange it aggressively! Sell-Limit: 1701,00 Stop-Loss: 1714,60 Target 1: 1690,00 Target 2: 1683,50 Target 3: 1674,00 Stop-Loss: 1340...
After a healthy uptrend BTC has met resistance on the major diagonal resistance line drawn from the 20k & 14k peaks. Despite a strong rejection we have still managed to get a Golden Cross on the daily chart . Stochastic RSI in oversold conditions. However, We are in overbought territory on the Weekly timeframe in Stochastic RSI . Looking at moving averages for...
Got a typical reactionary rally after breakdown from rising wedge. Price moves back to kiss TL then rejects into C leg. This is a minor shallow correction of perhaps ~3%; a pause on road to ultimate ATH. Gaps to fill down to 2949 on SPX will be the best yardstick for pivot. Buy all-in when price fills that gap IMO. Donald will make some deal with China soon as he...
Look under the twin arrows at the Doji how they pierce TL then reject- four times now. In downtrend along upper edge of triangle pennant; flagpole bottom half ~ equal to upper in these patterns. Just an idea; trade at your own risk; GLTA!
What's coin on guys? I'll just drop this fractal here for you to follow. If this fractal plays out, drop could be huge. Don't mind the deformation from copied fractal. This happened because of the log scale. If you are long here, be carefull and set your stops very close.
Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21. Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531. Possibly...