Foxy_Trader967

Foxy_Trader967

Mkt coiling could be gearing for a surge higher - watching the range breakout levels

Foxy_Trader967

Focus on supports to hold and maintain an upside bias towards NEW HIGHS. 5k and 10k if the current bullish cycle plays out towards 100k BTC.

Foxy_Trader967

Look for the current range developing to breakout for the next bullish phase to ensue towards the former ATH.

Foxy_Trader967

Looks like a bullish continuation pattern has emerged and further upside can take place holding the support zone. Look to scoop and add on further breakouts.

Foxy_Trader967

Simple concept. Watch supports to keep a positive bias towards bullish price pattern targets.

Foxy_Trader967

It looks like some form of topping pattern in $XLE - 46.25 key level to trigger. Focus on 50.57 and 52.50 as resistance levels to keep a bearish bias.

Foxy_Trader967

Looks like a triangle/mkt coiling situation where volatility becomes compressed. Good low risk method to accumulate here I think. Watch for the breakout to trigger wider upside. If global growth fears continue to mount and the economic slowdown materialises with further economic data misses. It would set the stage for further stimulus into Q421 maybe q122....

Foxy_Trader967

Bond yields are weak and global growth fears are mounting. With quite a lot of PMI misses recently. Could we see a wedge formation and correction ensue for Brent ? Seasonally Aug+Sept tend to be toppy/choppy for Crude. If we do get a correction into the low 60s I think it represents a great buying opportunity for the longer-term bullish supercycle thesis.

Foxy_Trader967

We are observing a similar setup in Algorand to the Q420. A breakout is emerging. If we project the last impulsive move higher from the most recent wedge signal. We could significantly higher.

Foxy_Trader967

We breached trendline support and the 10Y is evolving within a bearish channel whilst RSI remains in negative territory. Below highlighted resistances we can see further weakness.

Foxy_Trader967

Similar accumulation/consolidation pattern triggered - further upside to ensue provided defined supports remain in tact.

Foxy_Trader967

Overall technical elements look toppy on US BNKS. A head and shoulder pattern has emerged and RSI remains sluggish below 50%. However, we are seeing a mid-term wedge/range develop - with some minor RSI divergences emerging. Short-term bounce risk. Suggest to sell any rebounds into the zones closer to highlighted resistances in purple. MACRO => Given the...

Foxy_Trader967

Above the supports defined in the chart - we could see a breakout begin to emerge with RSI holding above 50%. Watch the 693.81 zone to trigger an initial push. Configuration looks similar to the setup in Q420.