Weekly charts represents series of data points where each data point is comprised of the price movement for a single week of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
Speculative play on the XRP Weekly chart..
If you look at the previous price action we have a similar scenario setting up on the Weekly chart.
In November 2020 price action broke out from the mid Bollinger Band line and cleared the upper band in a parabolic fashion.
Upon trend reversal, it was the 50 day Moving Average that acted as support and set XRP up...
NASDAQ:MTCH weekly broke out of a bullish pennant and then gave a small inside bar . If it breaks above the high of last week's bar, it should have smooth sailing to new all time highs.
Notice the MACD confirmation as well.
Hi traders, here is my full weekly outlook for EUR/USD.
Fundamentals: Dovish ECB to send the euro lower
The EUR/USD pair continued to trade in a narrow range last week as markets' focus shifted towards the July ECB meeting. Once considered a non-event, the central bank is about to unveil a new monetary strategy, with market expectations set for a dovish shift....
EURUSD on the weekly chart got rejected at the top by an extremely strong trendline.
The market created almost a double top and now is approaching a weekly support level at the 1.17400.
According to Plancton's strategy if the price will break below we will set a nice short order.
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly...
so i cleaned up the last post i made in my mind and took this route instead, using the last full market cycle to measure my circles from. quite interesting to say the least. we either fall 50+ % to the next pink band down, or we fight to reclaim the blue band. there really is no other way it can be, if these macro fib circles continue to be respected as flawlessly...
Yesterday I briefed on JPM, stating that it was a potential buy depending on if it holds its support. It is holding it fairly well while also indicating some other buy signals. This leads me to conclude that I believe it is in a buy zone and has a price target of 160(upper Bollinger Band).
-Weekly Reduction in selling momentum
Inverse Head & Shoulders on 4H. If price can complete this pattern by the end of week and remain in the area weekly candle will be a big bullish hammer. Indicating possible strong trend continuation for swing move. Price has some resistance obstacles to break though to complete pattern. Has to break small 4H trend line, daily resistance (151.359) and the 50 EMA .
I also copied the puell signalling just for fun, it gives a buy signal apparently. I am a newbie on this so do not take this as trading advice. But as you can see the 200/50 weekly aveerage only hit a death cross a few years back, now it is very close to hitting the golden cross.