us30 jumped up a lot and it finally showed its weakness and that's the supply zone I marked it even made a liquidity grab for the sellers that got in too fast I'm not waiting for a change of character "CHoCH"
and then I will sell on the fresh supply zone but I already toke a risky sell on the top just to be sure with a tight stoploss
no financial advice
Here is a new BUY Scenario, USD/JPY Consolidating, Yen bulls but may quickly turnaround tomorrow in the event of strong NFP data.
- Yen shows signs of long-term vulnerability.
- Focus on upcoming Non-Farm Payroll (NFP) data.
- Possible bullish continuation pattern - 114.00 level key.
Forecast : Strong NFP may push USD up, No big drop until...
this is almost a picture perfect of our primary knowledge of descending structure , LOWER HIGHS AND LOWER LOWS , a beautiful PATTERN - DESCENDING CHANNEL -structure
HERE ARE MY MAIN BIASES FOR THE MARKET - SELLING PRESSURE - Here is my catch
from this position we are looking for a chance for the market to head here at the previous lower high (resistance zone )...
🏛NZD_CAD broke the falling resistance
And is now trading in an opening wedge
But the pair is weak right now
And is retesting the wedge support line
I think we will see a pullback from the level
But given the aforementioned weakness
I predict only a local movement up
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BITCOIN is visibly weak, and is de-facto ranging 29k and 43k levels
I see several reasons that might be equally important:
1) The Bitcoin market is now dominated by the Big Money
Hedge Funds, Banks, Private Management Firms, etc..
And all these players slow down or completely exit the game...
The price structure looks weak and there is a probability that the stock can fall further towards 1730- 1710 levels.
To continue weakness, should sustain below 1900 levels.
Immediate resistance is around 1860
The trend change level is 1900.
In conclusion, as long as it trading below 1900, any rally if comes in the stock, might be used to create fresh shorts in...
Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them
followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing (combined with a weak dollar).
After touching the parabolic curve in the recent days with a low at ~$27.000, we saw the price climbing back up and making...
SPX is looking weak on the 15 min TF, regression channel is indicating downtrend and its possible that it will make LL in the session or two.
Volume is also depleting on the buy side, if sell volume comes in large we might have sharp fall.
We have recently seen a massive dip in GBPUSD price, followed by a big increase in price, making GBPUSD very volatile, what I would expect after this big increase in price is a slight pullback to the next important support level .
I'd keep an eye out as this is quite the good short in my view, as we clearly have weakening volume and candles, and I would expect...
We can see multiple elements which leads me to this conclusion, starting off with Fibbonaci, we can clearly see it has been rejected multiple times. We have already gone up by ~1.2% today and it might need some relief. I believe we will see it get rejected at 0.382 Fib Level. We can also see that it has failed the upwards trend-line.
I believe it is either going...