A triangle is invalidated, another is born and is monitored again. The graphic patterns, as I always write, depict the market's intentions and not the future, they are hypotheses, so they can be invalidated and change scenarios in an instant. Yesterday we had proof of why I am often very cautious and always repeat the same things about prudence and stop losses....
The price has triangulated its direction and now goes to the test of the upper level, to be valid it must respect some parameters including volumes and time. Here we have everything to have a valid triangle, we just need a breakout with above-average volumes. We are in 3/4 of the time calculated from the first retracement to the hypothetical summit, it has been a...
This is a time to be very careful, already having a ready strategy on the possible scenarios that will arise. The price has been gravitating around the previous ath for days, this could mean that the test of the highs could last a while, if we then look at the macd, a slowdown is evident which could indicate an ongoing short-term correction. So far it is going...
We haven't seen a monthly candle with a positive closing of more than 40% since 2020. There is little to say here, except that it will be difficult to understand when a correction will arrive, something that many are waiting for, it is not known whether buyers will give the possibility of seeing lower levels, the highlighted area is the one at 58k usd , where...
The price is marking new highs relating to the intermediate period, this macd, as I have written several times, is configured for the intermediate period (approximately 3 months). At this moment the indicator is marking new highs compared to those made in December 2023, so it is telling us good news, because this in progress could be a new bullish "leg", a new...
Week that ends with a candle of indecision, the price after a two-week ride has found a level on which to rest. The market is currently recharging its batteries for the next attack on the resistance at 58k USD, which I consider to be much more important than the one it stopped at this week. A scenario that seems to be taking hold when looking at the data on...
After a very powerful acceleration, the price found a short-term resistance where it could take a breather. This has thrown a bit of fear into many people, I think it's normal. The tension is high and therefore in some cases the fear of lost profit or mental tiredness sets in. Holding a position open for a long time takes up a lot of energy, so it's okay to take...
Weekly candle that expresses volatility and directionality, the perfect mix for a strong and constant trend. The rise is evident to everyone now, a break of the highs at 49k usd would lead to the test of the highest resistances such as 58k usd for example. This scenario would put an end to the intermediate-term correction and with a resumption of the bullish...
Hey yall Hey I am super brand new to posting ideas so lets get into it! AUD USD is the pair that we are looking at. The trading week is over. I use the 50 and 200 EMA to determine the trend momentum. As of today the momentum is Monthly - BEARISH Weekly - BEARISH Daily - BEARISH 4h - BEARISH There is a dragonfly doji closing out the trading week...
Good morning I hope you all are having a wonderful life as it Is our birthright. I want to let us know that for the past 730 Hours AUDUSD has moved................. Zero PIPS. Yes, we are right back where we started and I'm really optimistic about what's in store for us this month. Last month began with sellers dominating and I wonder If we'll get that this...
Daily descending channel in tact. Would like to see how price reacts to 0.63800 levels. If price can a break this high, a bull run could ensue up to the previous higher high.
I just found a double bottom close to my monthly low/support. I'm getting In now because I'm occupied this week and this is close to support entry. RSI at 45, 200, 100, and 50 EMA right above me so It might be a struggle to get to 1.34771. Send me a message so I'll show you how I draw my support and resistance lines. Merry Christmas
Lite coin has the possibility of returning to 152USD if this ultra bearish scenario plays out. After failing to reach the target for the previous inverse head and shoulder pattern targeting 237USD, lite coin has begun to develop 2 head and shoulders patterns. Easily viewable on a 4hr chart the big one is targeting a downside target of 152USD and will only come in...
Price is at a major support level. Looking for it to stay within the price channel and continue to go in a bullish trend. Movement analyzation is based off the 1H time frame.
Bullish divergence on 4H. Hidden bullish Divergence on daily. The price has Bounced off the 50% fib level on 4H. Looking for continuation long !! Counter trend trade, so I’ll be looking out for reversals at key levels ! Good luck
SWKS looks great on weekly charts in a strong move. we are testing the upward momentum line that I have drawn and I think this week should give us a good buying opportunity Buy zone / Targets are mentioned on the chart Close below 107.95 on daily candle may require us to reevaluate are trade Indicative time for the play : 3 to 8 weeks
NFLX has moved into the completion of bottom area, but is struggling to hold on to that completion level. Some rotation is present from large lots. NFLX did not have a strong pre-earnings run.