We will talk a bit about an index that has existed for a long time, yet many traders do not know or use it. With this, we do not mean that it is 100% necessary, but it is good to consider certain situations. This post aims to give a theoretical development and then the technical vision of the graph in different temporalities. 🔸First of all, let's talk a little...
Hello traders! Long Term analysis today. We will talk a bit about GBP/JPY as it is facing a potential reversion area. Let's explain this idea: 🔸The price comes with a bullish trend for more than a year and a rise of approximately 25%. Do not forget to take into account this small detail. What we expect now is simply a price REACTION, not a trend...
Good morning everyone! We will explain to you how we made a price prediction on GBP/USD before the last bullish momentum was made. First of all, we must clarify that this forecast was 100% real, and you can check it in the related ideas. 🔸Speaking of the daily chart published, here we can see the uptrend that has been in force for more than a year. On February...
Let's take a look at MELI. We can see two relevant aspects on the chart. a) The price has broken an ascending trendline that has been working since MAY 2020 b) The price has been correcting for the last 4 months almost, and the main structure we can observe is a descending Wedge. Based on those two items on the daily chart, this is our trading plan. -We...
Good morning traders! Today we are going to do an in-depth posting on various forex pairs. The idea of this post is to give an overview of all the major pairs in a high temporality (Weekly or higher) to study their long-term behavior. Major currency pairs are any pair that includes the US dollar (USD), which currently holds the position of the largest economy...
We have been watching closely zoom for the last weeks looking for the breakout of the massive corrective pattern we are observing right now. After 225 days, the price has tested both sides of the structure, mainly the lower zone. Based on that, we are getting ready for the breakout. Generally speaking, it is not a good idea to trade a direct breakout of these...
Good morning, traders! Today we will analyze USD / JPY in three timeframes to show you our bullish vision in depth. We are going to carry out an analysis from highest to lowest. We will start with the highest timeframe (Weekly), and we will go down to 8H. Weekly Chart: 🔸Here we can see how the price managed to penetrate the Descending Trendline that was...
Today, we will look at the 5 major companies from the S&P500, and we will check how everything is going for each of them. Our first analysis starts on Facebook. After breaking an ascending channel that comes from 2014 and a huge corrective structure on the edge of it. We observed a clear breakout, and currently, the price is very close to making a new ATH....
Good morning, everyone! Today we will analyze GBP/USD as it is very close to a massive resistance zone, and we want to show you our vision so that you take it into account. 🔸The chart that is published in the Monthly chart. It is a timeframe that is not widely seen in most analyzes, but it is of great importance, and we must always take it into account in...
Today, we will take a look at the 4HS chart on PLTR Current situation: The price is below a Massive support zone now working as a resistance. This is a key level because we can deduce major directions if the price stays above or below the key level. Bearish Scenario: If the price reaches the red line, we can expect a continuation of the bearish movement...
Today, we will take a look at the big picture on USOIL + Multi timeframe analysis. Weekly View: On April 2020, Crude Oil futures went into negative territory for the first time in history. With that movement, we have the last wave of this massive compressive pattern that has been in formation since 2008. On MARCH 2021, we observed the first breakout of the...
Good morning everyone! Today we will make an educational and explanatory post about how we use the RSI indicator (Relative Strength Index). We will first start with a short theoretical introduction: The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or...
Good morning traders, today we will analyze GBP/USD as it is in a clear uptrend but at the same time facing a critical price zone. 🔸As we see in the daily chart published in the idea, the price generated a fakeout of the bullish channel and then went back inside. 🔸Right now, it is very close to the extreme of the previous high, which we can see on the 4H chart...
Today we have a great chart to share: "BOEING." Since the bottom of the pandemic bearish movement (MARCH 2020), we have observed a sequence of corrective patterns and breakouts that makes a series of higher highs and higher lows (what defines a bullish trend). In the previous 3 patterns every time we had a breakout, a bullish movement continued. So, what can we...
First of all, what is a breakout trader? It's a type of style in which we look for a clear consolidation period, and we aim to trade after the pattern is broken. Check the main chart on TSLA to get the concept. The main idea of this comes from the Elliott Wave principle, in which consolidations tend to be the beginning of a new motive wave or impulsive wave. Why...
Good morning traders! Today we present to you this opportunity that we spotted in EUR/AUD. 🔸First, we will talk about the context that is where our bullish vision comes from. 🔸We see that the price bounced off the Support Zone and managed to break the Descending Trendline. Since then, it has been in consolidation. 🔸This consolidation can be clearly seen in...
Today, we will take a look at Visa. - The main aspect we can see is the ascending channel as the main bullish structure - The second item we see on the chart is the dynamic support resistance zone that has been tested several times from above and below - Currently, we observe a corrective structure that tends to behave as a continuation pattern after the...
Good morning, Traders! Today we will make an educational post about the most used corrective patterns. There are numerous patterns, even more complex, such as Elliott counts where each internal wave of corrections is explored, but the reality is that it is not 100% necessary to apply it in the market. The idea of this information is to provide a simplified,...