From the weekly realm it's lovely to see the following technical aspect for a potential upswing:
Running the show with a golden cross.
Additionally, a clear hidden bullish divergence.
Also in line with the hidden bullish divergence.
Still plenty of run before reaching the overbought level.
SHIBA has got rejected from the ascending channel support, opening potential upwards movement.
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In November, the yellow metal failed to form a fresh high while under intense seller pressure, with the price heading to last month's low around the 1.759 handles.
Forming an H&S bearish pattern might confirm further downward movement, with plenty of room towards 1,723 or 1,678 support levels for a nice bears' run.
Daily candles realm shows a massive pennant...
Unexpectedly Shiba-Inu, the decentralized token created in 2020 by the anonymous person/group Ryoshi, is considered a shit/joke coin by many has had a 1,725% in only 51 days.
It reached ATH at 0.00008887 on October 27th, calling attention to investors and whales after capturing the spotlight for such impressive growth.
As expected, since the ATH, the coin...
At the H4 candles realm, the Fiber form a tweezer top candle pattern signaling a potential pullback toward Fib level golden level 618. That level is in confluence with an S&R zone and ascending trendline
Confirmation over that area could bring potential long opportunities.
It might be an early signal, but GJ is forming a solid bearish pattern by three musketeer candles (evening star). Potential downward movement at the end of the rising wedge pattern.
Short entries after the pattern breakout for higher confirmation are recommended—Trade what you see, not what you think.
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GJ has formed a bearish continuation pattern, although still too early to place any trade. It will remain on my watchlist for this week. Check level 150.470 for bearish confirmation.
Today's UK Bank Holiday, we could expect less liquidity on the British pound and a market dominated by speculators.
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The Fiber has been trading, forming a descendent channel since the beginning of the month.
Currently persisting in breaking the resistance from the channel, showing seller rejection in the last seven hourly candles. Capped to move forward, we need further confirmation before getting bias.
Bullish break out could bring the price close to the next handle around...
Asian trading hours have witnessed some minor gains, with the UJ heading to test the 110 handle. A bullish confirmation above 110.350.
However, at the intraday candles, a bearish continuation pattern has formed. The rising wedge might signal a short consolidation before the subsequent downward leg formation towards the 109.100 handle.
Check on the daily...
Bulls have raised the bullish flag in the realm of H1 candle, gaining positive traction, drawing a bullish continuation pattern signaling a potential upward momentum with the yellow metal.
Check level above 1,790 handle for long entries, with targets at 1,830 (previous resistance level) and finally at 1,870 by main pole projection.
Wait for confirmation, be...
The Aussie has printed a bearish continuation pattern. Recent breakout and retest of the structure might be signaling a potential downward movement. While the persistent upbeat mood remains in the US dollar together with covid concerns shadowing the Australian government, the Aussies bears could be lining up.
Manage your risk, and wait for confirmations....
As forecasted, the sellers' pressure continues to control the energy market. After the H&S reversal pattern, the market consolidates while shaping a bearish continuation flag that dropped the WTI price towards a major ascending trendline.
Bulls are struggling to keep the price above the $67 handle. Complicated task as headlines about China mobility restrictions...
Gold remains under the left foot, with sellers taking control since the opening of the Asian session. Yesterday's pullback towards the Fib level 5.0 registered the end of the correction.
However, the bearish tone aiming at the 1,790 support level may be hindered, as investors expect a Dovish remark from the Federal Reserve governor Mr. Bowman later today. A...
After trading above 110 handle and a couple of days in consolidation, the bulls have regained control—a clear H&S pattern for potential uptrend movement is formed.
Remember today at 9:45 pm (HK local time +8GMT), a broader market risk sentiment with the release of "flash US PMI" might happen. Happy Friday, and don't forget to keep the risk tight.
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In the real of the daily candles, the market closed last Friday with a Doji bar just above the psychological support at $71. The long-awaited OPEC+ meeting on Sunday, where their members agreed on gradually adding supply to the market, brought skepticism to the energy sector.
Appealing projections about the global demand getting back to the pre-pandemic level...
In the realm of daily candles, the price action has been clearly trading in a bullish pattern. The price reaching the ascending channel's support trendline opens clear opportunities for potential long entries above the 1.0932 handle, acting as a resistance level if the price manages to break above check into a smaller timeframe for entry confirmations. ...
Bulls took control before the opening of the London session, taking the American benchmark to fresh grounds testing the $74.52 level. ON WEDNESDAY, the US energy market reported a drawdown of 6.7MM in their inventories, signaling a potential upward momentum.
However, in the long run, we may potentially see a market correction after two months of a clear bullish...