Profound_Ambition

Profound_Ambition Updated 

Price has made a fresh higher low of the uptrend, retesting the previous key area of resistance on the higher timeframe as new support, rejecting with an indecision candle at the key zone showing an indication that buyers have stepped back into the market after pushing off the key zone. On the lower timeframe for entry, I am looking for a breakout of the lower...

Profound_Ambition Updated 

Price is approaching a key area of previous structure resistance turned support, leading with a strong bullish movement previously to form a new all time high. Price has been pulling back, & is nearing the key area zone below, where I will be watching for a retest as new support on the lower timeframe for another potential move back to the upside again. This...

Profound_Ambition Updated 

Price has pulled back to retest the previous lower timeframe structure as resistance, forming a lower high. The retest zone also aligns with a key higher timeframe zone looking left, & today the candle is closing as a Doji indecision candle at the retest zone, showing an indication that sellers may be preparing to push price down again below this key region...

Profound_Ambition Updated 

Price has been moving with heavy bearish momentum for the past 4 days after price rejected the upper descending trendline, breaking through the wedge and an area of structure to finish off last week. Looking for a slight pullback to retest the broken zone as new resistance on the lower timeframe, for price to continue lower towards the regions below along with...

Profound_Ambition Updated 

Price last week, made a strong bullish breakout through the key level zone forming a fresh high following a strong uptrend impulsive movement. Now, price is currently making a correction, & i am looking for a new higher low to form, retesting the previous key level resistance structure zone as new support forming a new higher low, where on the lower timeframe i...

Profound_Ambition Updated 

A triple bottom could be happening here, looking left also this is a key demand zone where big liquidity has moved price in the past. Also, the last 4 hour candle closure was a spinning top indecision candle, at a key level zone is a big indication that sellers may be losing steam & buyers may be preparing to jump back in from here. This is also a strong area of...

Profound_Ambition Updated 

Price made a double bottom at the key level zone (gray region) & since has pushed up with a strong shift back into bullish momentum. I have identified a potential bullish reversal pattern forming, the Inverse Head & Shoulders formation, & price is currently forming a right shoulder in the retest supprort zone. Above this zone, I am anticipating for buyers to...

Profound_Ambition Updated 

Price last week made a nice correction back lower, & is rejecting in a key area looking left that has acted as powerful support, along with resistance structure. If price remains above this key region I am anticipating for buyers to push price back to the upside to continue the overall uptrend.

Profound_Ambition Updated 

Price previously made a false breakout of the key level zone which was a sweep for liquidity to push price back above the zone. Price is now pulling back again towards the key level zone for one last retest, where buyers may be preparing to push price back to the upside again. A falling wedge bullish reversal pattern may also be presenting itself aligning at the...

Profound_Ambition Updated 

Price was previously in a range market at the all time highs. Price then broke the range to the downside, to indicate a higher timeframe correction breaking the 4 hour market structure. Price has then set a new potential lower low, and a correction has taken place to pullback price now to the previous range / structure zone retesting as new potential resistance...

Profound_Ambition Updated 

Potential reversal pattern forming, after price rejected off the higher timeframe resistance zone (Weekly). To confirm this pattern as valid, I would first like to see a shift in structure (A breakout of the previous higher low) then wait for price to retest structure as new resistance, showing a shift to a downside towards the 2 zones below to complete the pattern.

Profound_Ambition Updated 

Next projection on this pair, as price finished off last week breaking through multiple areas of support. Price is approaching a higher timeframe zone (blue region), where I will be watching for a potential reversal back to the upside on the lower timeframe.

Profound_Ambition Updated 

Overall uptrend structure, price was forming a series of higher highs & lows. Price made a new higher high @ 18450, but failed to continue the uptrend impulse stage & sellers push price back underneath the previous all time high zone. Since then, sellers have now pushed price back & is currently invalidating the uptrend today by breaking the last higher low &...

Profound_Ambition Updated 

Chart explains itself overall honestly, as price is follow an uptrend structure on the higher timeframe, making higher highs & lows. Price was due for a correction, & that may be coming to an end soon, as price is approaching the previous all time highs in January of 2022, to form a new higher low & retest previous resigtance as new support, where buyers may enter...

Profound_Ambition Updated 

Price previously was following a downtrend, making lower lows & highs. This previous week, price broke out of the downtrend structure to the upside to make a new higher high, & has pulled back towards the previous area of resistance structure, now forming a new potential higher low, where this upcoming week I will be watching for a bullish reaction back to the...

Profound_Ambition Updated 

Price has closed back above the key level zone looking left, & has broken back above structure as well. This upcoming week, I am looking for a slight pullback to retest the zone again as support, where I am anticipating for price to rise towards the resistance regions above.

Profound_Ambition Updated 

Price has pulled back into a key level zone of support & resistance looking left, where a very strong movement has occurred. This zone also aligns with the 61.8 fibonacci retracement & is a very strong area of confluence where above this region I could see buyers push price back to the upside again.

Profound_Ambition Updated 

Price previously broke out of the critical resistance zone to the upside after breaking the bullish flag pattern to set a new higher high & break through the major resistance zone. This previous week, price has formed a new higher low, & is retesting the critical zone as new potential support, which aligns with the fibonacci retracement of the last impulsive...