A very good morning to all. The purpose behind publishing this chart is not primarily to talk about "Rupa and Co.". The primary motive is to share the right approach to analyze any chart. What do you look for when you look at a chart at first? I have tried to put in a numerous things that i try to spot when i see a chart. Now to talk about this particular chart...
The manager turns to consider developments in the financial markets in the time between meetings. US data releases generally point to a stronger economic recovery than previously thought, and the market price reaction implies both a higher expected trajectory for policy rates in the near term. longer and long-term insurance premiums are higher. Policy-sensitive...
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The GBP/USD currency pair recently reached the 1.25240 resistance level, leading to uncertainty in the market. In our previous analysis, we identified potential supply zones at 1.25240, 1.25648, and 1.26252. The currency pair remains technically bullish, as the price is above the 20-day exponential moving average (EMA), and the MACD line is above the zero...
Just another reference for myself. Still watching the 800 EMA as an area of support as it begins to curl bullish. I expect this year to be a great accumulation time before a double bottom in the $890 / $900 range and quick spike nearing Fall 2023 / early 2024. The weekly and monthly time frames on platinum/XPT show me tremendous long term strength and a textbook pattern
We're in a wedge here and it looks like it might false breakout to the downsized which I foresee a bounce from the level charted. OR we bounce back up from the bottom of the wedge and break out the wedge.
Chart is pretty self explanatory. Looks like we're do for a push up, watch for confirmation before jumping in.
Consolidating at the top of the range, price-imbalance will most likely lead to FootLocker breaking out of channel towards 64.
Looking to go long here with a PT of about 4Pts. We've found support.
Here's a decent equity play. Looking to get back to anchored VWAP at 11:50 for a PT.
VRM: You wanna see a close above 29.60 for confirmation that price will push back up to 36+
I'm bullish on VISA with 3 pts displayed to take profits. Above anchored vwap and break of downtrend. Lets gooo.
Inverse Head & Shoulders formation on RBLX popping out and retest a trend with a nice push up ahead.
I see IWM dropping from this zone and possibly filling gap below.
SPCE is back in a Supply Turned Demand and closing nicely above fib level. Always looks for some sort of confirmation when taking these trade ideas.
Looking for a close above 37.90 and we're taking NIO long into the gap fill. Lets goooo!
Here's a 4 Point move TrendyFreePlay, a close above 71.76, enter and pt at or near 74.53
bottom of the channel, lovely bottom wicks indicating buying pressure as well. I see a fill of the gap and move back up to 78