Internet Computer (ICP) has once again demonstrated its resilience by bouncing off a critical support level at $11. This price action suggests that ICP may be poised for a rebound and a potential continuation of its upward trajectory. Key Support Level and Reaction: ICP has consistently shown strong support at the $11 level, bouncing back from this zone on...
Fundamentals & Sentiment EUR: There was a lower than consensus Inflation data and a bad Unemployment print. I use these as triggers for a short-term momentum trade. CAD: Canadian economy is doing better than EU based on the main economic indicators. CAD is undervalued based on a few market internals (not EURCAD pairs though) Technical & Other Setup:...
AVAX has been forming a triangle pattern for an extended period. The price was respecting the triangle and making higher lows. Everyone was expecting a bullish breakout and continuation of the uptrend. However, the price reacted to the fall of Bitcoin and started to fall with it. The triangle pattern: The triangle pattern is a neutral pattern that can be either...
Looking at the Higher Time Frame we can see that the price has formed a Symmetrical triangle with a Fake Breakout in a form of a Double Bottom which indicates that the price wants to move (much) higher from current levels. Im looking for BUYING opportunities on a lower time frame.
The Unspoken Truth & Mystery behind Stop-Loss Hunting: *** The Most Important Point *** Many Training Academies & Experts say it is Most Critical to have SL, but where ? How much % ? In Equity Delivery Trading (Not F&O / Not Intraday) – when you have done thorough analysis of stock and sector, more than SL, patience is key. Understand the Unspoken Truth – In...
Karina Hello everyone, Yesterday EURUSD received some upward momentum and was in a correction wave as this pair has experienced a period of weakness since the start of the new week. Accordingly, the ECB's hawkish views have pushed back expectations of an early interest rate cut, further supporting the currency pair. However, the 4-hour chart is now trending...
In every fake phase there is similarities : - Pervious Trend was massive - Classical Technical analysis patterns are forming in HTFs - Difficult to understand what "THEY" are doing (so what it will happen in result) - Lots of opposites in patterns, indicators reports and a gap between BUY scenarios and SELLs. 2 sides are probable to happen. - A SHARP move will...
As we said before we are looking for a huge dump here like the red arrows on the chart and only if the resistances here break then we can expect more pump to 40K$ resistance zone but soon we can expect bear candles to lead again and targets like 33K$ and 30k$ and 26K$ are expected. DISCLAIMER: ((trade based on your own decision)) <
In simultaneous confirmations for breaking the wedge pattern, the price can be expected to reach its ceiling and also the top of the beginning of its downward movement.
Hi Traders! On 4H Time Frame, The EURUSD Failed To Break The Support Line. Currently, The Last Lower High is Broken (Change of Character). So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 1.06670🎯
The cryptocurrency world often surprises us with intriguing market dynamics, and today, we'll delve into NEAR and FET, two projects that have crafted similar fakeout patterns but may be charting different paths forward. NEAR executed a "sweep of the lows," while FET is forging a "double bottom" pattern, both aiming for a potential ascent to $0.55. Let's explore...
PCE news last Friday took price back inside the range between 1.08919 Weekly Support level and 1.09859 Daily Resistance Level. The Friday daily candle retraced nearly the whole Thursday candle that contained GDP and unemployment claims data. I'm looking for this price behavior to continue into the early trading of this new week. The Idea is that we should have...
2 The simulation will have a very large impact in the medium term, in the D1 period it is seen that the possibility of movement can be 0.865 as a reference for a breakout or fake breakout. I still believe that a positive trend for EUR will occur.
It looks like there will be something interesting if you look at the trendline on the H4 timeframe. If you draw a line from below, it will be seen that a Fake Breakout has occurred. But if it is a breakout then the decline will reach the 165 area, becoming a strong support determining area to return to the positive trend.
NASDAQ:AAPL could be in a fractal pattern here. The previous two moves down saw a deep retrace to 0.886 before reversing lower. Both moves broke through the established trend lines as fake outs before reversing back to the downside. This current move up looks very similar in structure to those prior two. However, that still leaves about HKEX:7 -8 of upside...
Tsla has been consolidating and broke-out of a bullish bullish flag today with weak conviction ... Bulls need to see a big volume break-out tomorrow and regain $200 as support. *Call Wall Options may have prevented Tsla from advancing with a strong break-out $197 is strong resistance + weekly resistance line just above @ $198 $198.84 If Tsla does not open...
A potential fake breakout happened. If it attempts to break the range high, I think it's targeting the value area of the VP. Let's see how it goes in near future.
After 7 years of studying charts, you start to see obvious patterns that beginners miss. I know that the majority of the market is buying BTC now after the trend line breakout. The charts suggest it and so does the sentiment. So what will I be doing if the majority are buying, SELLING. I don't want to be greedy, I simply want to find an area to sell from in...