As it's visible on the chart, BABA$ reached a remarkable level of liquidity at the horizons of 160$/share. Following my old analysis as it was expected, we should witness a bounce from the actual level.
GER30 - Vision-
-Price action has formed an ABCD pattern on higher frames.
-RSI is showing a significant sentiment of an overbought market.
-Exhausted bullish momentum is visible near the resistance trend line as well on the MACD and other indicators.
-Bearish Flags / Triangles are movement continuation patterns.
-Consolidation is generally interpreted as market...
High frames :
Monthly : Rejection from a major resistance, "W pattern formation"
Weekly : Massive sell-off reaction
Daily : Higher highs / Higher lows mechanism = False
Consolidation, "price moving sideways".
Sell continuation = Bearish flags / Triangles
Correction upwards occurs "most of the times" when there is a consolidation. "Take a look at my...
-Long-term price cycles are a fact of economic life. For example, the U.S. stock market tends to run in four-year cycles. They exist because the ruling party inflates the economy going into the presidential election once every four years. The party that wins the election deflates the economy when voters cannot take revenge at the polls. Flooding the...
-Going against the trend is risky.
-We've witnessed a massive sell-off movements on GBP/CAD lately, i'm expecting momentum correction in the upcoming days.
-There should be a consolidation around the Rejection area approving the neutral sentiment in the market for a day.
-Trade=False after breaking the level.
-Tighten your stoploss and stick to your risk...
-Meaningful weekly close after a consecutive sell-off in the gold MARKET
-A monthly closure around the MONTHLY vpoc area should be considered as an insurance to take advantage.
-You can wait for a breakout of the bullish flag followed by a retest to consider safe entries and low risk otherwise
look for an entry on very low frames. (Take a look at my old analysis...
BTC/USD is trading above all time high.
-I'm expecting an extended retracement / institutions are more likely to drive price down while taking profits and considering
more loads at the accumulation level where they've bought earlier (Sideway market on momentum frames)