Main items we can see on the chart: a) The main idea here is to wait for the same pattern that happened on the previous 2 reversal movements and assume it will happen something similar now b) The first item is a clear breakout of the descending structure. That, it's happening right now, this breakout will be enough to match with the previous scenarios c) ...
Main items we can see on the chart: a) The major structure is the white descending trendline b) Currently, we can see the price inside a macro corrective structure (yellow channel) That is a correction of the previous impulse c) However we can work inside that macro corrective structure, and we can see a minor corrective structure (purple channel) d) ...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸We consider that in the short term it has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It is facing the confluence zone between the Ascending Trendline and the Support Zone. . 🔸If this zone is broken to the downside, then the first bearish target is the main Ascending Trendline. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Main items we can see on the chart a) Last week we observed a clear minor corrective structure, and the target was the next resistance zone b) The price moves as expected after the breakout of the minor corrective structure, and now we can observe the 2nd one c) We will use the same logic for this structure if the price breaks it, we will aim for a...
Main items we can see on the chart: a) The price has been comprising for almost a month (yellow lines) b) After the compression, we saw an initial breakout c) Currently, we have a clear correction above the previous correction d) From a technical perspective, we are observing a flag pattern (white channel) e) If the white channel (flag pattern) is...
Main items we can see on the chart: a) The price is on a weekly support zone and since MARCH 2020 has been ranging between 2USD and 1.50USD b) If we analyze the range we can see that the price is moving towards the higher level of it, after the breakout of the zig-zag pattern (corrective structure) c) The breakout of the range will give us reliable...
Main items we can see on the chart: a) The price has broken the correction above the descending channel (yellow lines) b) This motive wave was the confirmation for the bullish movement and if you are a swing trader you probably open positions after the breakout of the purple line around 10.000 c) The target we expect for this movement is the resistance...
Main items we can see on the chart: a) The price has re-entered a broken ascending channel (yellow lines) b) After that, we observed a corrective formation above it (purple lines) c) We expect a bullish resolution of this correction based on Technical Analysis Theory d) Target is the next Resistance zone
Main items we can see on the chart: a) We observed a clear minor corrective structure after the breakout of a major corrective structure b) This structure was also supported on a clear horizontal zone (support/resistance) c) When we find this kind of situations with coherence in multiple aspects, we can say we are in front of a high-quality setup d) ...
🔸 4H CHART EXPLANATION: . . 🔸Pricebounced at the Daily Support Zone. . 🔸It has broken the Descending Trendline. . 🔸It has broken the Resistance Zone, so, we are waiting for a corrective move to consider long positions here. . 🔸 Will look for a lower timeframe bullish setup.
🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced at the Ascending Trendline. . 🔸It has broken the Resistance Zone. . 🔸We consider that this pair has potential to reach the Descending Trendline. . 🔸 Will look for a lower timeframe bullish setup. 🔸 4H CHART ANALYSIS:
Main items we can see on the chart: a) The price was inside a compression b) The price broke the compression and now we are observing a corrective structure above it c) If the price breaks the new corrective structure we expect a bullish movement d) The target we will be aiming for is the next Resistance zone
Main items we can see on the chart: a) From MARCH 2020 Until today we are observing a bullish trend on ES b) Our View is that Bearish movement only happen on specific zones (like double top patterns) beside that, the price tends to keep rising until reaches one of these levels c) Based on that and the current technical scenario, we can see that the price...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Weekly Ascending Trendline. . 🔸It has broken the Descending Trendline and the Resistance Zone. . 🔸We consider that it has potential to make an upside move towards the Resistance Zone at 1.7700 . . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 DAILY CHART EXPLANATION: . . 🔸Price is moving on an Ascending Channel. . 🔸It has broken the Descending Trendline. . 🔸Right now it is facing the Resistance Zone. If it is broken to the upside, then the bullish scenario will be active. . 🔸 Will look for a lower timeframe bullish setup. 🔸 4H CHART ANALYSIS:
Main items we can see on the chart: a) The price is inside a weekly range (Between clear support and resistance zone) b) The price has broken a corrective structure c) After the breakout of a corrective structure, we tend to observe the beginning of a new impulse d) The Targets we will be aiming for are: the descending trendline and the next resistance zone
Main items we can see on the weekly chart: a) We are making a study between the previous corrective structure (yellow lines) and the current one (white lines) b) We have two precise corrections before the beginning of a new impulse c) The first one happened on the edge of the corrective structure, in the same way, is happening right now d) If we have...