First of all, I acknowledge that I've changed my mind on AGIX short term price prospects (see previous post in link below). I acknowledged a risk of a pullback but the resulting move was much more decisive than I was expecting. The Bitcoin wobble has really sparked some sudden short-term reversals and hurt the technical charts of a vast number of coins, but it has...
according to the previous analysis: breaking out the trigger line could be a good confirmation for new positions and a rejection could be a profit save. what do you think? This analysis is solely for informational purposes and should not be interpreted as investment advice. Always conduct your own research and employ sound risk management practices before trading.
CME_MINI:ES1! CAPITALCOM:US500 CME_MINI:NQ1! CAPITALCOM:US100 Hourly consolidating in a bear flag. Incomplete bear count and looking for a one more low for Wave 5 followed by a big bounce. Not a buyer of first bounce after the big sell off. One more low and stop out early bulls and trap late sellers and send it higher.
Prediction-retracement to 393, down to 368 where the 200 week and golden pocket are located at, back up to test 382, then 338 minimum enjoy boys
NIFTY METAL - Bearish zone 1. It breaks the 1st support zone 4830 on the downside this week. 2. In a bear trap, the next support will be at 4490, and 4200 respectively. 3. Till it gets support most of the metal sector will be in a downtrend in upcoming weeks. 4. Example: TATA Steel will be on a more downtrend in upcoming weeks. Note: 1. I’m not a SEBI Registered...
Peloton Short Term - We look to Sell at 14.90 (stop at 21.60) The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Further downside is expected although we prefer to set shorts at our bespoke resistance...
For now Ill only be looking to catch shorts after another wave to the downside last night, of course we need to watch for a retracement or some sort of pull back before even looking at a sell trade.
Recent price action is showing a growing uncertainty about the direction of the trend ! Indeed, last H4 closing level is once again showing a potential downside breakout of the former uptrend channel. Therefore, price action over the ongoing H4 period and more important its closing level will validate or invalidate the breakout of the channel previously...
Looking back across the daily chart for the last two years paints a clear picture. If this ribbon turns red then expect further downside at worst or further consolidation at best. Long term everything looks fine but over the next week or two I can see more downside/consolidation as possible.
- Price is currently getting squeezed between my moving averages. - Top side trend was respected and fell from that level - Trend line plotted from lows also shows a break in trend. - Price formed a head and shoulders pattern that broke out to the downside today. - Price has retraced back into the 50 - 61.8% retracement level of todays range. - Looking for the...
The British pound ran into resistance again against the Japanese yen as it rallied towards the crucial 132 level. This is an area that has been important more than once, as it was previous support. At this point, the market looks as if it is trying to roll over again. Outlook in GBP/JPY is unchanged as GBP is long-term bearish. Below 130.64 will target a test on...
IOTABTC broke triangle and retested it. The price creates another little triangle below the main structure, if the price will do downside ''breakout'' could be create another great impulse
Short trade recommended with a take profit of 130.000 Fibonacci Retracement at 0.382 struggling to break through the past 10+ days to the 0.5 retracement level. The real test of this trade once reached is the 132.500 level which has proven extremely difficult to break over the past 10 days. The upside today was based on a wave of fundamental news (Postive) and...
USDCAD - Ascending Trend line has broken and a rejection off the 50% Fib indicates a move towards the downside for UC
A break below these support levels will indicate a continuation towards the downside
I see the £ really struggling with still no certainty that Britain will leave the EU with a trade deal in place. I personally think they wont leave with a deal and i see nothing but bad news for the £ I know it seems a bit far fetched to predict the £ to fal this far and maybe it will fall to last years lows and maybe it wont but time will tell Any...
Bitcoin price cautiously moved down for the last week, with several tenuous rallies in the process. Price broke down the pivot support level at $8600 USD today. The overall crypto market is still very weak. Until seeing a major break out above the downtrend line with strong volume, it's safe to assume bitcoin still has room to go down. The downward structure...