Gold is now at Wave 5, the peak of the rising wedge and the supply zone. I usually set my golden zone at 0.618-0705 so it's also in my golden zone.
Here is our detailed technical review for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.659. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.648 level. P.S Please,...
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
We're in an impulse phase, trading a wave 3 and it always sub-divides into an impulse pattern as well. The wave 4 of the sub-wave is a potential Triangle pattern. We can place buy stops at the B-D upper line and stops at wave E our target is based on the 3 projection of 2.618 as wave reached 76,8 Fibonacci retracement level.
details are on the chart, bit messy on the colours but had to show my learning &idea to justify a buy opportunity for me, please correct and comment if you see anything diff. Here to learn and not to advice to buy or sell.
Will the future revolution be tokenized? Is this a dying retail company headed for certain doom? Seems Ryan Cohen has managed to turn around this company and the launch of GameStop NFT Marketplace trademarked under: "GMerica" The company is also now debt free and C is finding ways to take care of employees as well as bring value to GME How does the market feel...
My dear subscribers, This is my opinion on the EURUSD next move: The instrument tests an important psychological level 1.0859 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0814 About Used Indicators: On the subsequent day,...
I called this drop for BINANCE:PIXELUSDT and we got it now BINANCE:PIXELUSDT might just be a good buy although there are 2 scenarios on this chart one being that we might start to see a surge in price from the point of this analysis (the WXY-white) or we might see price go a bit lower (12345-ornage) before the double - triple digit surge however, both...
⭕️Wave X Complete, Wave Y Pending. ⭕️Pending Liquidity At Previous High. ⭕️DXY Bullish.
The price action of Bitcoin is relatively boring on the higher time frames, why is that? The answer to this question may be that summer is almost here, and statistically, Bitcoin has been going sideways pretty much every summer. Usually, the fun begins in August/September, when the volatility comes into the market. What can we expect from Bitcoin in the...
From where we entered "START" on the chart, it looks like a big correction has started. Now it seems we are in wave C of this correction. The price can go up from the green box, for wave D, to the red box. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When...
Platinum is following a ~1111 Days time cycle, roughly ~160 weeks, and it recently formed a bottom near ~$840 in October 2023 After correcting for ~13 years from 2007 to 2020, platinum finally intiated a new impulse wave in 2020, however, this impulse wave was short-lived and soon came to an end. Now, platinum is completed its 2nd wave and is ready for its 3rd...
Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price. At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil...
It has run nicely since the lows with incredible strength. But surely a correction will be necessary at some point. Here we have some fib confluences in the area as well as bearish divergences. Similarity to the previous occurance might lead to 40-50% correction before resuming uptrend. Surely not adivice to short here. Rather buy if hits zone in given time...
Hello traders! Let's delve into a promising trading setup on the GBP/USD pair. On the daily chart, GBP/USD has formed an ABC bullish pattern, indicating a potential upward movement. The pattern is accompanied by a 50% Fibonacci retracement level, adding to its significance. Entry Level: The long entry level (EL) is identified at 1.2428. The price is currently...
Here is our detailed technical review for AUDUSD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.667. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.666 level soon. P.S The term oversold refers to a...
if you follow me before, you would know that i'm on bear side, you may also read my lost signal this whole may. the ABC plan seems to be failed, so i try to recount the wave. and this is maybe the best we can count. So 2023-2024 has been wave 4 took form as a triangle ABCDE with a fake break out at C and truncatēd wave E Lets hope for some profit, no more stop...
Bitcoin is currently in an Up Trend Continuation after a 0.5 Fibonacci Retracement. The Next Target is Channel Top. I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money Worldwide because of my Potential.