ETHEREUM is still in its uptrend channel on the weekly timeframe and currently retesting its down channel .
If the uptrend lower channel doesn't break and a weekly close above area 1300-1700 area will confirm, an upcoming bullish movement to new all time highs.
spotted a demand zone on GBP/USD on the H1 timeframe, after price played out making series of lower high and lower lows (because we have being in a down trending market) the market had an impulse upward and a correction to the down side creating a falling wedge like pattern, which we can say is a continuation pattern. Entered the trade at 1.05560 with a 15 pips...
Traders Thoughts
The selloff in netflix has seen nearly all the "stay at home" pandemic gains erased. But we are back at more familiar levels and much better value. Once the market finds downside support then the relief rally should be quite large.
At these levels the risks are skewed to topside with market mood towards netflix already negative anything that...
$NFX High Tight Bull Flag - Short Term Upside Potential +25%
- Plan to wait for break through and close above $18.75 resistance for confirmation.
- Earnings upcoming this month. Solid track record of beats should continue.
Near term target - $23.50 by early March
Note: Informational analysis, not investment advice.
$NFX Newfield Exploration approaching overbought territory today on light volume with an MFI of 95 after trading green 12 of the last 13 sessions. Expecting the 50d ema to provide some strong resistance - will be looking for a close under $18.00 for confirmation (<$17.75 ideally).
Targeting a 10%-15% retrace back to $15.00-$16.00 range by early February. Note...
Folks, for me when I start seeing a lot of recent market leaders starting to bearish patterns I start to take notice. Its all about trading what you see vs think hear or fear, at least for us chartists it is.
