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.
The monthly close is tonight (8pm EST) ~ expecting to see high volatility in October
Bulls have been cocky as fuck thinking the bull run to ATH is here
I'm going to counter trader every single bull
I'll see you under $10,000 sometime in October
~ stick to your plan fella's (until clear invalidation point) don't listen to CT or anything your...
$GOOG Looks quite interesting atm. A life saver wedge seems to be lifting price around 1430. #Google has been respecting a well defined channel that been violated 2 times only because of the virus impact and the euphoria that followed through. Can make it to 1620.
SHORT EUR/USD , IF*** there is a clear rejection around the 50% and 61,80% level of the fibonacci taken on the daily timeframe , wich is on the 1,17500 weekly key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
OIL on the weekly chart (left side) hit the monthly resistance (purple) before being rejected back to the weekly support at the 36 level.
Price bounced creating a double bottom higher close candle.
On the daily chart (right side) the market after a nice impulse hit the daily resistance at the 42 level and got rejected until the 0.5 fib level retracement.
On the weekly chart Gold after 5 weeks in a range between 1900 zone and 1975 area, broke below the weekly structure.
Price hit the ema 21 and couldn't manage to break it and during the next weeks, we can expect a possible retest of the structure.
IF the price will break the ema, the market can carry on the retracement until the lower trendline of the channel at...
BTCUSDT is trying to have a breakout after tested 0.618 Fibonacci level on the retest.
The price is on an important level, in fact, it has a daily dynamic resistance, a monthly dynamic resistance, and daily static resistance above.
IF and only IF the price will have a breakout, According to Plancton's strategy, we can set a nice order
Follow the Shrimp...
BNBBTC bounced on 0.786 Fibonacci Level and now is testing a weekly resistance.
IF the price will break weekly resistance According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure...
$SPX Is still in a downtrend/correction, you name it, however, its not done. Taking OUT 3430 should confirm the continuation of the uptrend though. Bulls have to push it through the wedge and close above 3430. Otherwise, 3280 is next.
ONEBTC is on 0.618 Fibonacci level and MUST HOLD!
IF the price will lose that level we can see a deep retracement, If the bulls come back the price could retest the weekly resistance.
For now Just monitoring
Hi friends on the weekly chart we can see how a retracement up to the trendline indicated on the chart is possible. We are likely to see this scenario at the weekend.
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