XAUUSD possible forming a leading diagonal pattern = meant hitting ATH again @ 2568 +/- Which is the 1) monthly Pivot / R1 lvl 2) The Upper Resistance Line (red) of the pattern. Long @ 2498 which is 1) The lower Support Line (blue) of the pattern 2) Voulme Profile POC..
XAUUSD Instead of previous ascending triangle ideas gold have compress more its price and evolved into contracting triangle pattern .before exploding to the upside..
Bitcoin began to pump after Jerome Powell's speech and the possibility of interest rate cuts . ⚠️First of all, I must say that we must always keep up with the news and new events in the market, and all the analyses will never be correct; otherwise, there is no need for capital management, so we should always follow capital⚠️ Bitcoin seems to have managed...
XAUUSD as price evolving after time passed, it's becoming clearer that Gold most likely forming a contracting triangle as blue highlighted area. P/s 2430 is multi confluence zone of 1) Trendline (red) 2) POV 3) VVWAP (Blue MA) 4) 4H O.B
Today I want to analyze Memecoin for you, which looks very similar to BINANCE:PEPEUSDT Pepe's Memecoin , with the difference that it has a hat and is red in color. The name of this meme is GATEIO:PEIPEIUSDT PeiPei(ETH). Looking at PeiPei(ETH)'s website , we realize that the website is really weak and has NO whitepaper like many memecoins. The number...
AMEX:XLV has formed a five-week equilibrium. The price contraction is already quite tight, indicating that this equilibrium could break very soon. The context is highly bullish: the XLV price is on a weekly uptrend, and the broader market is also showing strong performance. The odds are in favor of an upside breakout. On the chart, there is an example of a...
A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of waves A and C, and B and D. Wave E can undershoot...
Bearish Impulse wave in development. Technical analysis up-to-date. After the fake-out from the major contract triangle, we can see clearly the direction of an inexorable leg downward. New levels for watch. Price action is currently retracing to the micro supply @ 239 region.
The market peaked in a rising wedge pattern completing leg V of a major contracting triangle. Price action ahead is about to drop in a bearish impulse wave.
Mr. Gold’s Market enjoy his 2 more roller coaster “ride” before we’re “losing” our “belief/ direction”.. with “parachuting jump “..
BTCUSDT made a beautiful corrective C-multi-wave pattern, which surprise terminus finished with an 5th wave leg-up that surpass the trend-line, after an ABCDE triangle. In the Wyckoff Method narrative we can call it an upthrust movement in phase c of a distribution. About the wave count, the entire triangle is an contracting ending diagonal of a corrective wave C,...
Checking from latest how “fast” the speed - z -factor . Mr. Gold market “drawing” its “triangle shape”..It seem like Mr. Gold market “maintains” its previous triangle ideas..
Mr. Gold market knew lot of traders trading chart pattern. He need to “disguise its appearance” and so it appear that not “perfectly formed in shape”..
Gold is forming bullish contracting triangle where price will hold above 1934 targeting 2060 +/- @ The long term down trend line ( yellow dotted)..
Gold probably forming a “contracting triangle “ in wave B (yellow) now. As previous wave A ( yellow) is a leading diagonal wave form so probably 1 more big leg down toward 1680. +/-
Selling ucad at 1.3460-70 UPPER BOLLINGER BAND Price is contracting... (Contracting Triangle) end of consolidation about to explode... selling strong... stops above 1.35 1st target 1.3350 then 1.3280
As we can see on the chart, WXY pattern is clear with an irregular X wave (because of yesterday's Fed news), but still valid and didn't break the low of wave W. A contracting triangle is forms wave B in the ABC pattern for wave W, even if a huge wick went out of it: closing above the downside of the triangle, this candle on H1 shows that the setup was still valid...
Both gbpjpy and eurjpy are showing the same indcation, bearish. any rally to the upper trend;ine will be great chance to sell or average your sell position if u are having one now. Hopefully u dont miss the opportunity. I wish u have a great traade all….