On the above 4-day chart price action has corrected over 90% since the sell signal back in March 2021. Now is an excellent long opportunity. The reasons? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence as printed over a 4 month period. 3) Support and resistance. Look left. 4) The target is defined from the falling wedge. Is it...
✅APPLE failed to break the Horizontal resistance of 198.00$ Then broke out of the bearish Wedge pattern to the downside So I will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago price rebounded from the resistance line and started to decline to the current support level. After it reached this level, BTC broke it and fell to the buyer zone, which coincided with the 41300 support level. A few moments ago price...
In my assessment, the EURAUD chart displays an exhaustion gap, hinting at a potential rise in prices. Be cautious in your trading decisions. From my viewpoint, I've recognized an exhaustion gap on the EURAUD chart, indicating a likelihood of an upward trend. Exercise prudence in your trades, and I extend my best wishes for your success
CADJPY reached a key horizontal resistance. The price nicely reacted to that, forming a double top formation on a 4h time frame and breaking a support line of an expanding wedge pattern. I anticipate a retracement at least to 106.45 ❤️Please, support my work with like, thank you!❤️
WYNN has been trading within a falling wedge for quite some time. It is now trading near where it started the year. Oftentimes, this setup portends a reversal. MACD and RSI divergences support this.
SPY on a 30 minute chart shows a rising wedge over the past week. Price is now under a nearly flat upper trendline of resistance while the support trendline is rising. The dual TF RSI indicator shows strength about 70 while the zero lag MACD shows a K /D line cross. Because of this I believe, SPY may retrace to 468 or the level of the Fib 0.5. Since SPY is...
On the above weekly chart price action has corrected 96% since late 2021. A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes. 3) Regular bullish divergence. Multiple oscillators print positive...
BINANCE:LPTUSDT is moving into the phase of realizing the accumulated potential. Against the background of stalled BTC, LPT / TetherUS looks confident enough to continue its growth after breaking through resistance. The cryptocurrency market is quite active lately. Overall capitalization, flagship, altcoins are warming up after a prolonged winter. Prices are...
IF I am seeing what I think may be occurring. This would represent a 10X from the lows of 2022 do you think that is possible It's marketcap would be over 3 trillion dollars not unreasonable if he pulls off a mission to Mars. We need to keep an eye on TSLA and possible future SpaceX IPO's
Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
DOGE has been trading in a short-term bear trend for a couple of weeks now. In my view, this is a temporary falling wedge which will inevitably break bullish. Be patient for the bullish break to occur. Stop below the closest swing low, target at the recent highs.
EDU completed a shake-out beat when it brought the price back to the $0.6 zone before pulling the candlestick back into the bullish channel. Currently, the 4H timeframe has also broken the down structure from the old top, confirming for a new uptrend to start. See it at the moon!
Looking for Impulse Down. EurGbp moving down soon. EG formed a bearish wedge pattern to fall. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments. Learn & Earn! Wave Trader Pro
The Nasdaq100, a benchmark index comprised of 100 of the largest non-financial companies listed on the Nasdaq stock exchange, has long been a key indicator of the tech-heavy segment of the market. However, recent market trends and technical analysis have sparked concerns about a potential downturn, largely attributed to the formation of a rising wedge pattern that...
I've been a holder of NYSE:RCL since 2021 and I'm happy with the stock. Still, today I sold my shares. Here's why: First on the technicals: The stock ran 50% since its late October bottom without even a two-day correction. So, it's due for some of that. Also, @LonesomeTheBlue's terrific Trend Lines Pro tool identifies 2 competing rising trading channels on a...
This appears to be an ascending wedge, a bearish pattern if it completes.
Daily/4h time frames analysis for Oil. Price action, important key levels. Potential scenarios & thoughts. ❤️Please, support my work with like, thank you!❤️