For those with doubts, zoom out (Bull Flag in progress)I think 14k is the intended target of this current correction. That would test the breakout of a major former resistance area. This would also conclude the 80% cycle correction. Not financial advise, but anything around 14 - 22K and you're getting BTC for a steal.
Bullish Flag
Steve's Gun2Head - Buying WTI Crude OIlTrade Idea: Buying WTI Crude Oil
Reasoning: Bullish hammer formed on daily with price pushing back above 21-day sma. 4-hour bullish outside candle also helping with the short-term technical picture. Potential bullish flag on 1-hour chart.
Entry Level: 115.09
Take Profit Level: 120.61
Stop Loss: 113.49
Risk/Reward: 3.45:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Speculative EURUSD longTrade Idea: Speculative EURUSD long
Reasoning: Potential double bottom on the Daily Chart/Bull Flag on the 60min?
Entry Level: 1.0511
Take Profit Level: 1.0735
Stop Loss: 1.0490
Risk/Reward: 8.85:1
Disclaimer – Signal Centre . Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
S&P500 3-3-3-3-3 CONTRACTING TRIANGLE CORRECTION (1HR)Looks like the flag on the 30min-1hr timeframe is developing as a 3-3-3-3-3 Contracting Triangle for upside. I believe we are starting the 3rd leg of Wave 4, which should take us up to around $4180 hopefully by tomorrow, followed by Wave 5 to around $4100 thereafter. We should see the larger time frame upside move towards ATH to resume after completion of this correction, perhaps starting next week.
USDJPY-Weekly Market Analysis-Jun22,Wk3I've mentioned for the longest time that the USD will keep appreciating, just look at USDJPY. There might be a chance of a retracement happening this Thursday, 2am(GMT+8) when the US bank interest rate is released, and if the movement break and close below the blue box(buy zone), we might have to reanalyse the market movement. For now, I'm waiting for a buying opportunity at 133.63 to capture the trend trading move by using a bullish flag pattern.
BTC BITCOIN USD : MASSIVE BULL FLAG, MEASURED MOVE TARGET $200KBTC BITCOIN is in a major bull flag on the macro. This is the bottom and we are going to see a serious move to the upside in a short period of time. Dont listen to everyone saying its going to tank, its all crap. Bitcoin always goes against the crowd and if youve been in this space long enough then you should know that. When everyone is bearish Bitcoin ALWAYS does the opposite, and the same for when everyone is bullish Bitcoin takes a shlt. This bullflag is massive and is going to propel BTC to some serious new all time highs. I cant wait to see the faces of everyone calling for a further drop lol its priceless watching backtrack. Also Bull Flag patterns are one of the most reliable patterns in trading. This is not financial advice this is just my opinion and what I am doing. If you like this content then leave me a like and follow for more updates and analysis. Thank you
DXY Breaking To The Upside DXY has just broken through to the upside and it is hitting resistance with 90 EMA. This isn't looking too good for BTC in short term, as we've seen in the past when DXY goes up then BTC goes down. If DXY breaks through above the 90 EMA, then we could expect this week to be somewhat a red week for BTC.
NZDUSD - Bullish Flag(22May2022)A Potential Bullish Flag pattern may form up and I'm going to wait and observe if the market retest 0.6367, this gives me a chance to engage the Flag Pattern Trade on the 1hourly chart(current timeframe).
If you are a trained Harmonic Patterns trader, you should be able to spot the Bearish Bat Pattern at the 4-hourly chart that is complete its Bat Pattern at 0.6523.
POUND- Higher by the end of the weekHello everyone
As USD loses it's value over the news from federal reserve,better prices for the pairs with this currencies can be seen allover the market.
For now, over the possibility of the exhaustion of the trend, we may have couple of RED bars in the way of our Bull trend, but since we have an OIO pattern( outside,inside,outside)it's more likely to have the market keep going up.
the resistance levels in the way are 1.25$ & 1.26$ (1.25$ will break IF the trend continues) and our support level is 1.23$.