🔸 DAILY CHART EXPLANATION: . 🔸 Price has bounced at the Dailly Resistance Zone. . 🔸 It is now inside the Ascending Channel again. . 🔸 It has broken the Ascending Trendline. . 🔸 Will look for a lower timeframe bearish setup. 🔸 WEEKLY CHART ANALYSIS:
Use this as a guide to develop your view of the price. Main items we can see on the Weekly chart a) The price is on a major Support Zone b) If we look into the past we can see the same situation, It took the price 20 weeks to start the new bullish movement c) The current correction is about 8 candlesticks right now, and we should develop our reversal...
1H Chart Explanation: - Price broke the All Time Highs Level. - Now, it is on a Bullish Corrective Structure. - If it breaks it, potential to move up towards the Fibo Zones. Updates coming soon!
4H Chart Explanation: - Price bounced on the Ascending Channel and broke the Descending Trendline. - It is currently on a bull path towards the Resistance Zone. - We are waiting for buy setups on lower timeframes. Weekly Vision: Daily Vision: Updates coming soon!
🔸 4H CHART EXPLANATION : . 🔸 Price has bounced at the Dailly Resistance Zone. . 🔸 It has broken the Ascending Trendline. . 🔸 The target zone of the move is the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Use this as a guide to develop your view. Main items we can see on the Daily Chart: a) The Main structure we will be working with is the Massive Correction (yellow lines). The price is moving inside it. b) Now that we have a clear Flag Patter we can work with the inner movements c) We can see a Descending Trendline. Currently, the price has broken it and...
1H Chart Explanation: - Price bounced on the Support Zone and broke the Descending Trendline. - It is currently on a Bullish Corrective Structure. - If it breaks it, potential to move up towards the Fibo Zones. Updates coming soon!
Use this to complement your view of the chart Main items we can see on the Weekly Chart: a) A Huge Range has been broken b) Currently, the price is on a corrective Structure against the previous Support Zone, now working as a resistance c) We expect a bearish movement towards the next Support zone at 0.6500 d) On the 4HS chart, we can see an ABCDE...
Use this as a guide to develop your view of the chart. Main items we can see on the Weekly Chart: a) The price is on a significant Support Zone b) We can see two similar situations on the past that can work as filters c) Those situations had in common the next steps: Broken Descending Trendline + Corrective Structure d) We will be waiting for a similar...
4H Chart Explanation: - Price bounced on the bottom of the Weekly Ascending Channel. - Price broke the Descending Trendline and started its up move. - Now, price has free path to go towards the ATH Zone. Weekly Vision: Daily Vision: Updates coming soon!
Use this as a guide to develop your view of the chart: FIRST, let's start with the Weekly Chart: a)The price is on the lower trendline of a massive corrective Structure + Support zone b)We expect a Bullish movement on the long term towards the next Dynamic Resistance zone c)ABCDE Patter is finished. We should deduce a bullish movement SECOND, let's go to...
4H Chart Explanation: - Price bounced on the bottom of the Ascending Channel and broke the Descending Trendline. - Now, it is against the Resistance Zone. - If it breaks it, potential to move up towards the ATH Zone. Weekly Vision: Daily Vision: Updates coming soon!
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Resistance Zone. . 🔸 It has broken the Short Term Ascending Channel. . 🔸 We consider it has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
One of the ways we trade is based on creating filters on the chart and wait until those filters happen. That guarantees us that we will be trading high-quality setups. Main items we can see on the Daily Chart: a) The price is inside a Daily Correction (yellow lines) b) Currently, the price is on a resistance zone + descending trendline (white line) c) We...
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price is moving on an Ascending Channel. . 🔸 It is now on a pullback to the broken Resistance Zone (now Support Zone). . 🔸 We expect a rejection here, and, in that case, price has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸4H CHART ANALYSIS:
4H Chart Explanation: - Price bounced on the Support Zone. - Price broke the Descending Trendline. - Now, it has potential to move up towards the Resistance Zones. Updates coming soon!
Use this as a guide to develop your view of the chart: Main items we can see on the Daily chart: a) Currently, the price is on a massive Resistance zone b) We can see in the past that every time the price approaches the zone from below, we had a correction there c) The correction can lead to a bearish continuation or a simple correction for a bullish...
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price is on a downtrend since 2013. . 🔸 It is now on a pullback to the broken Support Zone (now Resistance Zone). . 🔸 We expect a rejection here, and, in that case, price has potential to reach the Support Zone/Descending Trendline. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS: