Since the Subprime mortgage crisis, Amazon has been repeating a very distinct pattern. After every correction, it gets supported by either the 1W MA100 (green trend-line) or the 1W MA150 (red trend-line) and spends almost a year inside an accumulation zone. Once that's over, it targets the 2.0 Fibonacci extension from the bottom of the correction. The chart is on...
Pattern: Channel Up on 1D. Signal: Sell towards the 1D MA200 (orange trend-line) and reverse to a buy either upon contact (buy signal last time) or when the CCI hits its Buy Zone (confirmed 3 times since November 2020). Target: the 0.618 Fibonacci level. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Pattern: Channel Up on 1D. Signal: Buy (1/2 position) as the price hit and rebounded on the 4H MA50 (red trend-line). Second buy on the 1D MA50 (blue trend-line). This buy pattern has been holding for the majority of 2021. Target: 3000 (just over the 1.5 Fibonacci extension, which is the extension target on all MA50 bounces). Most recent Google signal: ...
Pattern: Fibonacci Channel on 1D. Signal: Buy as the price broke above the previous Higher High, after bouncing off the 1D MA50 (blue trend-line) with the LMACD on a Bullish Cross. This combination of factors has previously resulted in a very aggressive rally within the pattern to a new Higher High. Target: $130 (just below the 2.0 Fibonacci extension). **...
It has been a while since I made an analysis on Tezos. In fact I haven't made one since February 15. However, as you see on the idea below, the main pattern hasn't changed: That has been a Channel Up since the bottom of the 2018 Bear Cycle. As shown on the chart, the formation has clear Higher Lows (Channel bottoms) as well as Higher Highs (tops) which in...
This is just an update to my July 01 post on XRPUSD where as it hit the 1W MA50 (blue trend-line), I called for the bottom of the May correction phase: As you see the price rebounded strongly after that MA50 touch but lately has turned sideways struggling to get past 1.45. In my opinion this is not alarming as it is perfectly aligned with its long-term...
If you followed me for long here on TradingView and on reddit in the past, then you know I am a big supporter of fractal analysis. As a result I had to bring you today's fractal comparison and will explain how it can be invalidated even though so far it has been astonishingly identical. ** Fractal similarities ** First of all, this time I haven't used the log...
It is no secret that the Newscrypto Coin is one of my gems, I've been a buyer since day one and it has greatly delivered. Using the simple Fibonacci extension Channel rule, I've been able to calculate roughly the tops and lows of the price action, something I've sharing with you here for a year. It is time to make my update on NWC then as since my last post (see...
Pattern: Channel Up on 1D. Signal: Buy on the next pull-back after the 1D Golden Cross gets formed. That has been the last buy signal in the two previous bullish legs to a Higher High. Target: 3.7500 (the All Time High). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up on 1D. Signal: Buy as the CCI entered the Buy Zone and the price is near the Higher Lows (bottom) trend-line of the Channel Up. Target: 16200 (just below the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Head & Shoulders on 1D. Signal: Sell as the price is forming the Right Shoulder of the pattern, after which a strong selling sequence should technically follow. Also the RSI has been on a bearish divergence since June 18. Target: 90.000 (just above the 0.9 Fibonacci retracement level, in line with the previous bearish sequence). ** Please support...
ETHUSD followed the general bearish market sentiment yesterday and as all cryptos, registered a strong (almost -25%) correction. The unique feat for ETH is that its correction stopped exactly on its 1D MA50 (blue trend-line). My long term outlook on Ethereum is the following and I've last updated it on July 28, shortly after the break above its 1D MA50 gave a...
This idea is a continuation to my analysis posted on August 26: It appears that the leg count and the similarities (so far) of the current price action with the January-February sequence was correct. If the pattern continues to replicate in the same way, then Nasdaq is ahead of a strong correction as this suggests we are currently at the top of the last leg...
EURUSD hit today its 1D MA50 (blue trend-line) and so far it held. Even though the previous rejection on the 1.1910 Resistance was a bearish sign, as long as 1D candles close above the 1D MA50, there seems to be a stronger case for a bullish reversal within the long-term Channel, similar to the April-May rebound. If you are trading it on the short-term, you may...
On my last Bitcoin analysis I underlined the importance that Fibonacci retracement levels along with the 1D MA50 (blue trend-line) will play on this recovery attempt. Today is a correction day for BTC with the price losing almost -20% intra day so far. The drop has been contained exactly on the 0.5 Fibonacci retracement level, just below the 1D MA50, confirming...
Usually the Death Cross is a bearish formation. When formed, it should be received as a sell signal on an upcoming bearish reversal. On GBPUSD though and the 1D time-frame in particular, the last time a 1D Death Cross was formed was on April 03 2020, after the COVID crash market bottom of mid March. Interestingly enough even the Golden Cross patterns have been...
Last time I analyzed WTI Oil on August 24, I made it clear that it was trading within a long-term Triangle and until it broke, its price action would be sideways: I stressed out the importance of the 1D MA50 (blue trend-line) and the Lower Highs trend-line of that Triangle. Well as you see on the chart, WTI Oil got rejected exactly on that Resistance level...
Pattern: Channel Up on 4H. Signal: Buy as the price hit the bottom of the Channel Up and is close to the 4H MA200 (orange trend-line) which is a strong Support. Target: 1845 (Higher High of the Channel Up and the 1.382 Fibonacci extension. All previous 3 Higher Highs have been around the 1.5 Fib extension). Most recent XAUUSD signal: ** Please...