PriceActionNation

PriceActionNation

From a bigger macro view- there's a good chance we begin to see the dollar start to cool off from these levels.

PriceActionNation

(NON-LOGARITHMIC) The NASDAQ is approaching a major trendline it has respected since 2016. I would expect at the very least a relief-rally / bounce off of it as big money from all over the world sees the perceived value in accumulating positions at this level.

PriceActionNation

LOGARITHMIC CHART The NASDAQ is approaching the very trendline it has respected since the 2008 financial crisis. I would expect at the very least a relief-rally / bounce off of it as big money from all over the world sees the perceived value in accumulating positions at this level.

PriceActionNation

BTC on the weekly still honoring the symmetry of the upward channel. After the strong impulsive move from ~$10K to ~$60K price has formed a very nice expanding flat corrective structure whilst still maintaining the upward channel. What's more is price is also forming a falling wedge as we approach the ascending support of the channel where I will be expecting...

PriceActionNation

After breaking out of the 12-Year Long descending trendline in 2020, EURUSD is now coming up against a re-test of the same descending trendline which is now also at a confluence of the multi-year ascending trendline support. Would seem likely that the pair will find some support in this region.

PriceActionNation

Could be a potentially nice long opportunity on NASDAQ as it approaches the trendline support it has honored for the last year.

PriceActionNation

NZDCHF WEEKLY Is coming down into a confluence of multi-year Support both in the form of a multi-year long descending trendline as well as multi-year horizontal support/resistance region. Will be on the lookout for longs.

PriceActionNation

After decisively breaking out of the 10+ YEAR descending trend-line which it had honored for well over a decade price is now re-testing that same trend-line area, which could provide a very nice region of support for longer term upside on EU.

PriceActionNation

BRENT CRUDE APPROACHING: -13 Year Long Descending Trendline -Monthly Supply -Major Liquidity -Major 88.6 Multi-Year Fib Retrace Would expect to see at least some pullback in price from this zone.

PriceActionNation

Every single major bull market cycle thus far Bitcoin has had a momentary cool-off period prior to surging for a second leg higher and ultimately forming the cycle top. Will we see history repeat itself here? I for one, am inclined to think we will despite all the FUD and nay-sayers. Time will tell...

PriceActionNation

I see a possible scenario where GU has been forming a large/wide double top. With its recent rounded top sweeping the February spike high, along with what looks like distribution. Could have YUGE downside potential... we shall see... Better to wait and react, than try and out-guess Best to see how price unfolds from here. Do we hold and head higher? Does...

PriceActionNation

After breaking north of the $2,000 mark back in August the yellow metal has been moving correctively back down ever since and is now approaching an area of strong confluence in the form of: -ascending trendline going back to 2019 -61.8 retrace -historical horizontal support / resistance -flag support With the fundamental backdrop of no end to money-printing in...

PriceActionNation

OIL MONTHLY Coming up against a 10+ Year-long clearly established descending trendline. One way or another big decision point for oil

PriceActionNation

USDZAR WEEKLY Coming up against some very nice confluence of support: -200 Weekly SMA which has acted as dynamic S/R for years -Muti-Year Weekly horizontal historical Support/Resistance -88.6 Retrace of the most recent significant swing low - high

PriceActionNation

On the bigger picture we're seeing a significant reaction off the multi-month area of resistance which has some nice confluence to go with it. With the BIG surge is USD strength we're seeing- likely we could see the pair continue lower.

PriceActionNation

DXY MONTHLY CHART Conducting a Top-Down analysis on any pair is a good practice. In this case, it's looking like a good area to be looking for US DOLLAR SUPPORT

PriceActionNation

AU coming up against 6.5+ Year respected trendline + added confluence of the 61.8 retrace of the major swing high of 2018 to the major swing low of 2020. Good place to be looking for shorts I reckon.

PriceActionNation

GBPNZD in multi-year uptrend now coming up against multi-year trend-line support. Has me favoring / looking for longs for longer-term play. However, will be nimble enough if we see a decisive breakdown to consider shorts as well.