Dear Traders all around the world As analyzed in the previous XAU/USD chart we‘re looking for a daily close above $1315.20. I decided to take a look at the 4hr chart and maybe see things developing in advance. Referring to the right chart in the picture, we just closed a 4hr candle above range-high at $1315.27. Turned out to be valid, as we just pumped to...
Dear Traders all around the world! If you want to support me, feel free to like & follow or even leave a comment! I'm always interested in your opinion. Today we're crystallizing out important levels for XAU/USD, as further development could lead to decent R/R setups. As highlighted in the left chart, we have two main similarities. Our current swing-move is...
Dear Traders all around the world First of all, thanks for all the support I get! My S&P 500 Analysis reached the top in the US Indices section. If you like my work and want to motivate me even more, simply like & follow not to miss any of my high-reward trades! Today we're taking a look at XAU/USD , as it seems we could go down from here. At the very moment...
Before I'll give you more information about this analysis, I'd really appreciate if you share some love with me through likes & follows, not to miss any of my further analysis! Today we're taking a look at USD/CHF . It seems like USD/CHF is ready for a decent drop in price. As you can see on the chart, we have two different options to play this. We're...
Quick update. BTC has been tightening up really ever since the bull move on Monday. Bulls saw a strong push upwards and topped out at $3711. The ideal from there for bulls would have been brief consolidation and then another leg up. Instead we have entered into an equilibrium pattern of higher lows and lower highs. BTC pulled back from the $3711 level down to...
Here we go again. Thus far bulls have seen a very healthy move and made for a very profitable trade. I continue to hold the remaining half of my position as bulls have not lost the 4 hour uptrend. BUT I am keeping a closer watch now so here are some things I am personally keeping an eye on. Yesterday we were hopeful to see if $3637 would hold as a higher low...
$MAT has been in free fall for a while and is about to test monthly order block. Good opportunity for a long position, especially considering divergences on virtually any time frame.
Yesterdays chart we were watching the bulls as well as the shorts chart and I stated "in order to see these shorts get squeezed, the bulls need to break above $3486 (perhaps to somewhere in the 3500's) and then pull back briefly for a higher low and then break out again and into the 3600s+ for shorts to truly feel any pressure and create the squeeze to give a good...
Another quick update. Nothing jumping out for me to be bullish or bearish on a trade here so remaining all cash personally. I do see a potential 4 hour equilibrium shaping up as we have our low of the dump yesterday to $3508, a lower high at $3800, a higher low at $3563 and appears to be trying to put in another lower high at $3763 here. I'd like to see things...
Here we go again. A few days ago on my last post I was looking for another leg down from our low at the time of $4863 and we easily got that with an eventual bottom of $4,035. Since then I am watching an equilibrium pattern. Those not familiar it is the start of lower highs and higher lows and the pattern tightens up. To me, its like a spring being wound tightly...
Tomorrow, HEXO enters day 5 of the right range from 8.12 support and 8.63 resistance. Breaking this bearish will have us test supports of 7.71, daily MA20 and 6.76. Breaking bullish will have us test 9.09 all time high, and potentially break that. Volume on the break will be my key indication of power and momentum.
ACB spent the better half of Friday defending $11.75 as a line in the sand, despite the hourly bearish MACD divergence. If that cannot hold I would not expect 11.65 to hold, resulting in an Inside Bar bear break. From there I would zoom out to the 4hr chart and look for a higher low compared to $10.18 and a tightening range from there. Investment rumours from...
The similarities I've highlighted here look better on WEED than on CGC because Jan 15th saw the TSX trade but not the US exchanges. That said I'm looking at similarities in the first oversold bounces following the last two all time highs at 35.88 in January and 36.55 in June. Subsequent those bounces we saw a tightening range playing out across more than a week...
CRON was all bulls today out of the gate setting a new all time high before pulling back hard. I'm watching the CRON range expecting a daily equilibrium from low of the oversold bounce to high of today. It's notable CRON is the only name that hasn't lost it's 4hr uptrend. I'll be remaining very patient as the next couple of days set a tightening range with new...
Watching the APH.TO range from low of the oversold bounce to high of today. Today we saw our lower high set and bulls are now looking for a new support level above 15.76. Today's low bounced right off the .5 retracement of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that new support holds. I'll...
Watching the ACB.TO range from low of the gap up on Monday morning to high of today. Today saw significant bull breaks of key levels 11.77 and 11.98 leaving very few resistances left until the all time high. However, some healthy consolidation is required. Today's low bounced right off the .5 retracement of the fib pull with swing low as the oversold bounce...
Watching the CGC range from low of Friday to high of today. Today's low bounced right off the golden pocket of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that holds. I'll be remaining very patient as the next couple of days set a tightening range with new levels to play off of. The break of that...
Watching the WEED.TO range from low of Friday to high of today. Today's low bounced right off the golden pocket of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that holds. I'll be remaining very patient as the next couple of days set a tightening range with new levels to play off of. The break...