GBPUSD is still in Descending channel - bearish market, expected to fall towards support near $1.23100 before making retracement from broken support around 1.26070 - where we are likely to get the best trades (bears). Considering the broken ascending channel on the Daily TF plus the small ascending channel on the lower 4H-1H time frames, this puts us in mind, it...
My main view on S&P500 is that we're in a main bearish trend, that has been fought by the bulls since October, 2022, when prices started going up. However, this insurgency has faced a good deal of resistance, resulting in unstable volume, and back and forth moves. Despite all of that, the secondary trend kept heading north. It can be summarized using technical...
AUD/CAD mad a sharp decline in the past day with high volumes on the buying side right before the reversal In case of further decline to the interest zone, we can see good entries for long positions
Well the market surprised me... The "dumb" money actually pushed us up to our secondary peak that we had in august and formed an indecision candle. The Bulls will want to take us to 430 and are FOMOing in at full pace. Smart money has been sitting on the sidelines waiting for a dip (they were waiting even at the 400 level). I am a stubborn bear so I think there...
RSI & EMA If older chart patterns serve as an indicator to predict future movements, we can observe that the price approaches a zone that in previous movements served as an indicator for trend reversal. We're very close to a reversal move, however, we can still see more selling pressure. Since the rsi touches the bear upper zone until it reaches the bear lower...
HTF - The market is moving nicely and steadily upwards in an ascending channel since May of 2021. -> 2 weeks ago the market touched the top of the daily ascending channel, and reacted from it, last week the price in very impulsive phases pushed the market down to the bottom of the daily Ascending channel and on Friday the price reacted from that level, indicating...
HTF - Market has been corrected in an ascending channel in the 4Hr TF, and just recently broke out to it. LTF - To me, the market seems that at least it wants to correct, however, the main bias is bearish, and therefore more bears are with strength in the markets, the main reason for me here is that the market can possibly reverse (theoretically low probability...
Hi guys. I've imagined a scenario in case we are not breaking down and I saw this cup and handle target being in perfect alignment with 1.618 which is around 95k. Also, maybe there is a bearish divergence on rsi which will lower the price and maybe respecting the cup and handle pattern. Not financial advice, I've just wanted to share this coincidence.
As the chart shows, there is a possible head and shoulders on the daily $AMZN chart that could send it all the way back to 2800 or lower if it plays out. It's currently formed a right shoulder, keep it on watch!
I think we have a reversal here! Not 100% sure, but I'm going to say it's going to happen. Using the 4 hour chart. Could be a move towards an upward trend! From the looks of it seems like its getting close, but only time will tell! Once this candle ends, if it can close finish above the previous close we're in a good position for this to happen! If we do...
PRTY Party City 6USD - Late MRCH 2021 Bearish, possible reverse (wedge). I'd pickup at the major support trend but more structure needed
Buscando cambio que rompa esa linea azul
hi, this is haidojo trading and trade 107)...as bearish engulfing candle has been formed in daily chart and 2 support levels have been broken down, we need to be cautious and consider a possible reversal has happened...Although according to my rules, we are still in uptrend, but thing has gone a bit ugly now...supports such as 2760 and 2700 have been broken...if u...
So as I feared last night night the head and shoulder trend tested and bulls and went full sell. But we are now in a falling wedge that might be a good signal for another reversal. I'll be posting a broader trend here in a few. I believe we are still in a trading zone and a true break out wont happen for another week or so. Still a scalpers market. Watch for the...
We have the following factors: Monthly support Daily Role Reversal Zone at 50-61.8 Fib. Wait for: 4h / 1h trend change confirmation pattern or a good price action at role reversal zone Otherwise I wouldn't advice taking this trade, since the downtrend is very strong and may continue. Cheers!
As depicted on the chart, the hourly could end up being a nice inverse H&S, if it can make it past the yellow trendline shown in the chart.
$AAPL -- The Monthly Log Chart shows a very very long term channel at top line as well as a very big bearish divergence on the RSI... The only way a move back to the bottom channel line would be possible is if for some reason $AAPL ceases to innovate (they pretty much already have LOL) and becomes the next 'Nokia' or 'Blackberry'. Keep in mind, this isn't likely...
As title says I am looking for bullish continuation to break the 1.134 area of resistance to continue the staircase pattern. On the contrary, a double top can bring this down to make a new low.