Reclaiming 260 and breaking 263.40 I like it long possibly back to 300. Closing below 257.00 more lows on 24HR timeframe
SPY 545.00 floor needs to hold if not we go below 540.00 possibly. If it does hold I think we bounce hard and see ATH.
On 24HR timeframe Arm closing out of box at 136.73 will continue 163.40 retesting that floor. Or we break 128 and continue down.
Leading up to now: For this we need to zoom out some, we are looking at just over the last two years of price action with 1d candles. In the first wave, we tested the long term ascending trendline after coming down hard from our $21k high to just over $3k. After the first wave crashed, we stuck around the bottom of the long-term ascending trendline for 4/5 months...
AUDUSD - Short - AUDUSD broke below 4H support - XAUUSD back within symmetrical triangle and has also broke below a 4H support. If price retests 0.703 then will enter for a short.
AUDUSD - Short AUD opened up on market open Sunday PM (UTC). Doji candle formed 4H - Resistance at 31 EMA. 0.6920 Entry
This seems to be forming a head and shoulders pattern. It would be smart to wait on this and then short for some good gains.On my last post I was looking at a long position and I was right on the money! Now we are still waiting for this to hit the TP to then take the short position.Shorting around 92.000 would be a good idea. Quote: “The goal of a successful...
Overall Summary: Overall the last 24 hours (15th of January) were bearish and I am neutral for the next 24 hrs. Detailed Summary: This chart uses 1 hour Traditional Candlestick chart, Volume Profile Visible Ranges, Bollinger Bands, 4 EMAs (9/15/21/55), RSI & MACD. Traditional candlesticks charts is the most popular charting pattern. It is great for shorter...
It is very likely that BNB is having a corrective retrace before heading down from C into my buy zone D.
XMR appears to be in a downward channel, but we could find a bit of support here at the .786, please remember to set your stop loss and good luck!
Here is a more conservative entry point for EOS. Make sure to set your stop loss, if we fall below the .618 I will look for a re-entry and post it here. Stay tuned!
Here is my entry target for ADA, please adjust your stop loss to suit your needs. Good Luck!
Market on the 1 day timeframe looks very promising for a resurgence of the pound to go trending up as well due to bank of England raising the interest rate from 0.25% to 0.50% which was done to meet inflation rates. Higher interest rate means higher exchange rate cause people are willing to exchange their currency to GBP to add on interest. This also fits with...