Could catch a few pips going up to the trend line, however I think the downside will be a greater trade to hold out for. I see us heading back down to retest the 18000 area before we take off on a healthy bull run.
After breaking below the 50 & 200DMA, there are two areas of local Support remaining for WTI Crude Oil. First one being the major trend formed by connecting the dips in mid-April 2020 and December 2021 and extending outwards. This trend also intersects the 61.8% Fib support nicely at around $88, which we are now approaching. The Fib retracement was taken from the...
I think we are at a ascending triangular move up. according to this predation I see a move up by 15th of June and no less than 8% no more than 30% up. This will be a long position. With that said we could see a move after July to a new bottom of about 23k so keep your eyes open and don't blink, this will be a fast sudden move. 50 EMA lines are about to cross and...
Platinum to replace Playdium due to much cheaper prices supply is low demand is high very bullish
With the recent capitulation eth has not set a new major local low like BTC did. Chart is behaving oddly similar to what btc correction looked like in July 2017. Back then we made a new ATH, then had an initial 50% correction (like we did in May - July 2021) then going back up, barely setting a new highs (green marks) before going into a second capitulation, that...
Seeing a 3-3-3-3-3 Expanding Triangle corrective structure developing on the Silver ( XAUUSD ) Daily chart for long term upside. Corrective structures on this time frame can take up to 2.5 years, and this one is certainly tracking towards that kind of duration. We are currently progressing upwards within Wave D of the Triangle, while completing a Running Flat on...
PRO TRADER : Hey, newbie! We posted an Outside Up Month on the NDX100, did you see? NEWBIE : What is an Outside Up Month (OUM)? PRO TRADER : It is a month where you get higher high, lower low and a close higher than the close of the previous month. It is a sign of strong momentum. NEWBIE : Thanks, Pro Trader. How can I make money out of this? PRO TRADER :...
GBPCHF in a very very early stages of a potential perfect 1-2-3 play. Keep an eye and follow the step by step play to see if we can pinpoint an entry from this idea.
Mirror Protocol has been consolidating for a few weeks now, things are starting to get ready for a move. As seen above, it n the Daily timeframe MIR is in a bullish pennant with the Stochastic RSI down. With altcoins, always remember that the market depends on what granddaddy Bitcoin will do.
As you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020 - April 2020. We can see that shortly after this bounce occurred there is a strong indication of a bullish macd crossover in unison with RSI moving out of oversold territory. On the 1 day chart we can see that DKNG is now in an ascending price channel and I...
The stock broke through resistance and went to close the gap. The global target is $24. Upside +50%. Trade with a trailing stop. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is...
As you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020-April 2020. We can see a clear RSI divergence leading up to the bounce at support. We can also see there was a downside breakthrough of auto fib extension however it quickly retested and bounced from there. With these indicators occurring in unison with the...
Stocks looks strong after decrising trend penetration. Target price is $34.8 (upside ~ 20%). Stop limit $27.5. Profit/loss ratio is 4:1.
GOLD is in a possible five-wave move, up from November of 2015. Ideally wave III found a top at 2075 lvl., which means current consolidation can be a wave IV triangle. An impulsive break above the 1917 lvl. could suggest a completed correction in IV, and a five-wave lesser degree move for a wave V, aiming towards 2200. Alternate count suggest a three-wave...
Been watching this pair closely over the past few weeks as it trends in a nice manner, reached what could be a fake top or a reversal. While we do have a prominent double top formation, I am not overly confident in it to swing the direction of the pair. Keep an eye on a entry point to continue to the upside, I think this channel will be a great entry...
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I am not going to targeting perfect bottoms but i think we are near the bottom than top. In my opinion we are still bullish, let's see if some of this scenarios gonna play out.
1. High Demand Area - Every time price has been in this purple box area it has made BIG to moderate upward moves. 2. The biggest Parabolic upside move for CROUSD was after the bullish engulfing candle as marked. Now we could close today at another bullish engulfing candle again.. which means that we might expect similar up action to follow like last time (to a...