WEAT the Wheat EFT has been volatile of late due to the Bakc Sea shipping deal falling apart when Russia refused to renew it. Brazil has been trying to increase whet exports to pick up from the fall off of Ukrainian shipments to Africa and others. On the 4H chart, WEAT has fallen 15% from the double tops of July demonstrating the high volatility in what is...
SOFI as a fin tech company has been volatile. Besides the issues of student loan forgiveness, the federal adjustments of the intrabank overnight rates and inflation inparting the budgets of its customers, the landscape has landmines and its litterd with signs of fiscal damage. Knowing it had upcoming earnings and perhaps some greed competing against fear with...
Volume is beginning to flow back into the crypto market. Most Algorithms are beginning to switch out of a Sell-Short position and switching to Neutral/Long. ETH and SOL weekly candle both have turned neutral and could market the beginning of the next leg up into the summer.
Here are some signs of possible bullish bias for next week for the AUDJPY Day Chart double bollinger bands - price closed above BB midline bullish bias 4H Chart - Macd crossed above zero line and Price closed above 100 sma bullish bias 1H showing possible bearish retracement back to the 50 sma area, macd over bought 15m showing possible bearish retracement back to...
Price at a decision point - Bear or Bull fork on Day Double Bollinger chart Price has setup in between 100 sma and 50 sma for bearish move Macd has setup an over bought bearish pullback
Day - Price at BB Dev 1 top band - Watch where day closes 4H - Price needs to breakout of the SMA's range 1H - Watch if 50 sma holds - Price may be retesting support - New fractal high made 15m - Wath if 50 EMA holds Watch red/green arrows indicating possible directional choices price can make 4H has possible target prices from breakout
Double Bollinger bands BB Deviation 1 BB Deviation 2 Price breaking below top Dev 1 band Bearish bias Sell Stop @ 151.95 Take Profit @ 151.05 SL above breakout candle
Price is inside the inner Bollinger Band Dev. 1 bands. Possibly heading to 20 sma center line @ 2200.00. Then to lower BB Dev.1 band @ 1600.00 Be prepared if Market Markers search for more sellers and take price up first.
If your bias is YES (bullish continuation trend) then watch where day candle closes. If closes red below BB dev. 1 band then price still bearish. Wait until price closes green above BB Dev. 1 band.
IF THIS HAPPENS - THEN WHAT? Watch if day candle closes below red below BB Dev. 1 band price still bearish Wait for Price to closes green above BB Dev. 1 band then buy Second bullish entry will be at resistance breakout (enter with 15m break-hook- go)
Setup 1st Bollinger Band (BB) default deviation (dev.) 2 2nd BB dev. 1 Upper Range ( UR -7.79% ) is space between the upper dev. 1 and 2 bands Upper Mid Range (UMR) is space between 20ma and upper dev. 1 band Lower Mid Range (LMR) is space between 20ma and lower dev. 1 band Lower Range (LR) is space between the lower dev. 1 and 2 bands Trade 1 - Green...
EURGBP double Bollinger band bearish. Second entry after the news.
AUDNZD double Bollinger Band bearish set-up. H4 supply zone entry.