Bearish wedge for the Dollar strength index. ABCDE Pattern forming - we should get the E as this bearish move plays out. still could see another short term rally heading into the FOMC meeting July 26TH. *another pause from the fed would cause more weakness in the DXY *Fednow rumoured to go live July 20th - although still a rumour. *Extra liquidity will be...
The largest player in cannabis without having the risk/exposure to the schedule 1 plants and cutthroat competition in the sector, SMG, has broken out of a falling wedge pattern with lower PPO and TDI indicators that are close to turning bullish. All eyes/ears are on the Senate as a vote on Safe Banking for the cannabis sector is expected this month....
Oil (WTIUSD) has yesterday broken (orange arrow a wedge pattern that started shaping on the beginning of May. Then it went back in the wedge briefly on the market reaction to the news that the FED will keep raising rates, but that is not really a novelty and, in parallel, there were guarantees from the several big OPEC producers that they will what is necessary...
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see that price after bouncing of the support line, which coincides with the support level and buyer zone, bounced up to the resistance line and at once started to decline, thereby forming a downward wedge pattern. Later BTC declined below the buyer zone to the support line...
PEPE has lost 80% of value since being listed. Today, with the rise of BTC, PEPE is at the breaking point to escape the descending broadening wedge pattern. On 12TF, the volume indicators CMF and MFI had already broken their trendlines. This implies that buy pressure has increase slowly and possibly the local bottom is set. A trade setup is as in chart with...
EURCHF continues to decline and forms a pattern. a break in the support of which will form the continuation of the trend. TA on a high timeframe: 1) A flat is forming. But, the price does not reach the resistance and continues to fall to the support. 2) The retest at 0.97505 might form a breakthrough, which will send the price to 0.97200. TA on the low...
OANDA:XAUUSD makes a retest of local support at 1902, but amid a weaker dollar, the market buys out the drop. The price returns to the range. Global and local trend coincide and have a common downward direction. The price rebounds from 1902 on the background of the dollar weakening from the news on Thursday. It is too early to speak about the global change,...
FX:EURUSD has been declining all week. The correction continues to the lower boundary of the uptrend, and after a false breakdown of support the market responds with a bullish reaction. The daily timeframe is turning a triple top, but everything is ambiguous. Price is in a global fleet. Within a local uptrend, a false break of channel support increases...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
OANDA:XAUUSD is testing 1933 and after the third retest it forms a false-break. A Triple Top pattern (local value) appears on the chart. The price decreases to the support and forms a local consolidation. The retest of the 1912 area indicates to us that the market is preparing for a decline. A pullback to 1920 might be the key maneuver. If the price rebounds...
Multiple time frame analysis on Dollar Index. Price action & key levels. Potential scenarios & thoughts. ❤️Please, support this video with like and comment!❤️
Bitcoin has formed a rising wedge (yellow) on the four-hour chart, and it looks like a retest of its lower edge is currently underway. But the attractions don't end there! If you look closely, you'll see that this yellow wedge is actually a re-test of an even larger wedge (green). Just zoom in to see the bigger picture! This is not financial advice.
Gold after breaking the channel support falls down and almost tests the key support of 1910, but during a quiet session and lack of liquidity the price goes into consolidation. TA on the high timeframe: 1) A false breakout of downtrend channel resistance is forming. We see a bearish reaction. 2) The nearest liquidity is below 1910 and the price can test the...
Euro/Usd is near to trendline resistance. We have identified two technical patterns. according to both pattern, a downward move should be seen. Lets see if market respects the zone. Descending wedge pattern with a flat bottom declining top.
BINANCE:SOLUSDT forms the bottom at 9.39. After the formation of the global low, the price forms a prolonged consolidation near resistance and now the phase of realization of the accumulated potential begins. What to expect from the price in the medium term? Moving averages are showing a strong consolidation. A descending wedge is forming. On the chart I...
Gold is testing the resistance area of the global trend and breaking the local support. A rebound from 0.382 could reach the retest area and then the downside phase could activate. TA on high timeframe: 1) Price is testing the liquidity area of the global downtrend channel 2) The liquidity zone 1939-1935 is not reached, most likely a market maker trap may...
EURUSD is retesting the wedge resistance and the level of 1.09125. But on the D1 the price is trading under the strong resistance, forming a false-break TA on the high timeframe: 1) False breakdown of 1.09125 level. Consolidation and decline below 1.08800 will form further momentum 2) The price is in the "wedge" pattern, breaking through one of the lines will...
OANDA:XAUUSD is in a correction phase. The global trend on the chart is bearish. There are several preconditions for a possible further fall. What is going on and what to expect from the price? We see a breakout of the global price channel and the formation of an upward correction. I drew a local support line to make the situation clear. Price breaks support...