We have met a very strong trend line going back to December 2022 (red dotted trend line), and the bearish impulse is likely to retrace to retest 60-62k over the next week, maybe two. This could match up nicely with a test of my moving average range on the 4h. If it continues much higher and then creates a higher low thereafter, we can expect a continuation of our...
This prediction chart is simply an exercise based upon LTF RSI, cycle & to less degree FIB levels. As soon as Nov 1 2024 & as Late as Nov 2025. When LTF RSI Hits The White Trendline, 100 level RSI Then We Have Topped & Smart Traders Should Look For A Door To Exit. It's Just A Prediction.
Thailand Factory Activity Shrinks for 9th Month Thailand Private Investment Falls in March Thailand Personal Spending Drops in March Thailand Current Account Surplus Narrows Sharply Thailand Retail Sales Growth Eases to 5-Month Low Thailand Industrial Output Falls More than Expected Thailand Imports Notch 10-Month Peak Thailand Unexpectedly Posts Trade Gap in...
The tech-heavy index exhibited two-way action on Wednesday as markets reacted to the Fed outcome. The central bank acknowledged the lack of progress towards the 2% inflation target and Chair Powell added that recent hot reports have not given officials greater confidence towards this goal. Along with resilient labor market and strong economy, the bar for a pivot...
"Key points to observe for profiting from a downturn: If the price drops below Support Level 1, it's a point to enter for profit from the decline. Support Level 2 serves as a profit-taking point if the candlestick falls to it."
Yesterday, the market responded news reports by rebounding from the support level. It formed a fake breakout of the previous week low. I think the OANDA:XAUUSD might pullback toward the round numeber at 2300 then move upward. Since we have another upcoming news today, there is a chance that the price may roll back. Basically, I expect the price to continue...
playing with logaritmic chart of CRYPTOCAP:BTC , the chart might little sloppy tho :/
I think everything is clear on the chart. seat tight and wait. and... Enjoy your hot (BTC) coffee
Hello all dear traders! On the news impact : EUR/USD continued to rise on Thursday as the prevailing positive sentiment in the markets brought support to risk-sensitive currencies such as the Euro. This improved risk appetite can be attributed to dovish comments from Federal Reserve Chairman Jerome Powell on Wednesday. It is currently trading at 1.0717, but...
Let see if btc will break the overall trendline.. Im expecting a bounce from 56k to 70k.
USD/JPY Analysis: US Dollar Weakens After Statements from the Federal Reserve Chair Last night, the Federal Reserve's decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during the conference, the Fed Chair...
SPX is heading to new all time high by May 21. Invalidated if breaks below Apr 19 low.
The first documented use of charts goes back to ancient Babylonia, where their early forms were used primarily for record-keeping by astrologists and merchants. Then, sometime between the 5th and 6th century A.D., these graphical representations developed into a form reminiscent of today’s charts. Further refinement and development of charting techniques...
Good to buy now because of the breakout and targets are on the chart
The market bounced off the support level by taking liquidity below the previous day's lows after news came out. Bears could not push FX:EURUSD lower, meaning that we can expect a deeper pullback upside. The market trend is still bearish on the daily timeframe, and above that, we have strong resistance levels. TVC:DXY made a double top on the daily timeframe...
Yesterday's FOMC meeting concluded with a decision to keep the monetary policy unchanged, leaving the federal funds rate at 5.25% to 5.5%. During the subsequent press conference, Jerome Powell outlined the solid state of the economy alongside heightened inflationary pressures. Notably, he disclosed plans to commence with the reduction in quantitative tightening...
Some what bullish on HGTY, has some potential for long term
Follow the trajectory. Will be a money-maker! This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights. (There is also a chance that they will beat estimates, due to easy comp's and expectations.)