LION_KING_FX

LION_KING_FX

NASDAQ is trading in a beautiful five-wave decline, with final sub-wave C of three WAVES in play. Sub-wave C is now unfolding its five-wave minor move, which can look for support and a bullish turn near the Fibonacci ratio of 2.618. A break out of a the Elliott wave channel will confirm a three-wave recovery /MORNING STAR with 3 bullish candles. NASDAQ...

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Key characteristics of a Pennant pattern When looking at a Pennant continuation pattern, you will see the following: A flagpole: A Pennant pattern always begins with a flagpole, which differentiates it from other types of patterns (such as the symmetrical triangle). The flagpole is the initial strong move preceding the symmetrical triangle. Breakout levels:...

LION_KING_FX

Inside bar candle has been formed in daily chart . Depends on which side breaks out will determine next move. However, breaking up towards target 1.6500 is more possible 1.18270 ENTRIES LOOKING AT AN SL OF 1.19

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A false breakout can be a trap if your emotions let you enter trades too early. Instead, it tends to work out better if you apply a lot of self-control and wait for the price to confirm whether a breakout is real or false, using the methods explained earlier within this article to make that call. You can then plan your trades intelligently based on price...

LION_KING_FX

The bull pennant is a bullish continuation pattern that signals the extension of the uptrend after the period of consolidation is over. Unlike the flag where the price action consolidates within the two parallel lines, the pennant uses two converging lines for consolidation until the breakout occurs. To identify a bullish pennant , you'll need to watch for two...

LION_KING_FX

Simple crash coming as yesterday's move continues to be characteristic of the one in the bear market. For example, in the 2020 crash, there were at least three days with a daily range of more than 10% (for NQ1); examples are shown in Illustration 1.02. Second, volume declined dramatically toward the end of yesterday's session. In addition to that, the peg between...

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US30 Dow jones trade under strong resistance line 32200 even price under it the direction is downtrend 31100, but if can break and stable BELOW 31570 ,the target will be 3 then 31100 the last target will be 28800

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The pair is failing to break the strong PIVOT and it was rejected twice. It needs a correction before trying again. SP above 149

LION_KING_FX

NASDAQ gave us a solid entry at 11497 that went straight to resistance 11660 before a gap and at market open that had a major fallout to 11400 support zone and has failed to break creating a uptrend formation that may create a double top to 11660 zone retest or return back bullish to 11800

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All Signals triggered both striking 🥶 US30 Consolidation zones from 31708 support -31808 resistance on M30/45 TF...Final target may be violated with the current symmetrical triangle/H and S pattern so book 40% and adjust stop loss to more 60% if bearish breakout occurs if not hold bullish to 31933 to 32064

LION_KING_FX

The NASDAQ futures are ominous... for more downside movement, given that the first projected downside target has been hit, and exceeded. The NASDAQ weekly chart is bearish looking, with technical indicators supporting that view. Still aiming for <10K (9600). The daily chart has slightly better technicals on the MACD , but it is probably an artefact of the...

LION_KING_FX

Triangle pattern - double bias interpretation Historical resistance levels at 1,540 and 1,535. IF these levels are holding, than will be the best scenario. IF this will be a False break, than SELL scenario gets a plus. IF Support line broken, than again a plus for SELL scenario

LION_KING_FX Updated 

Nasdaq Took a small position in Chinese ADR puts, doubt China holds this pump coming back from a holiday

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Overbought GBPNZD , although NZD is weak and the pair is reaching untested resistance and expecting a bearish wave within the next 24 hours. TP and SL as shown in the chart. Please use your own analysis to confirm.

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The price almost hit the bottom (Lowe Lows trend-line) of this 8-month Channel Down on today's opening and as the 1D RSI breached the 30.000 oversold barrier for the first time since July 15 (though hasn't yet hit the Support Zone ), it is worth buying into this strong momentum. The most consistent target during this time has been the 1D MA50 (blue trend-line). As...

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Trading with Triple Top There are some rules when trading with Triple Top chart patterns. Firstly one should identify the market phase whether it is in uptrend or downtrend. As the triple top is formed at the end of an uptrend, the prior trend should be an uptrend. Traders should spot if three rounding tops are forming. Traders should only enter the short...

LION_KING_FX

Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me. All major stock indexes including NASDAQ100 S&P500 , NASDAQ Composite , and Russel 2000 are at the bottom of their uptrend channels. They could all break down,...

LION_KING_FX Updated 

I expect the nas this week will go a little higher to fill the FVG on 12925-12658.25 and then the market will resume drop down to take the liquidity below the last lower low 11921.50