Hello Awesome Traders! I trust you're having a fantastic trading week so far. Let's dive into an exciting opportunity presented by EURUSD on its 1-hour chart. This setup is worth exploring as it offers potential for profitable trades. EURUSD has formed symmetrical AB = CD legs, indicating a potential continuation or reversal pattern. Time and Price...
- Two critical support zones correspond with the 0.382 and 0.618 Fibonacci retracement levels of the entire swing from A to B, enhancing the significance of these support levels. - After two months of ranging, the price finally broke below the critical support zone as volume spiked, confirming the breakout and leading to a significant drop. - If the price does...
Trend - On the weekly chart: Clearly showing an uptrend. - The uptrend channel has extended 100% and is expected to return to the middle line at least, with a chance of reaching the lower band of the original channel. 100% Symmetrical Projection: Uptrend “N” Patterns - A 100% Symmetrical Projection of the initial swing (from A to B) and then projected...
Trend - On the weekly chart: Still within the large uptrend channel since January 2023. - On the daily chart: The minor uptrend channel since October 2023 was broken with moderate volume. - Although the long-term uptrend remains intact, the short-term momentum may be pausing. 100% Symmetrical Projection: Uptrend “N” Patterns - There are two price...
While not a reason to be short stocks on its own, there is quite a bit of symmetry on the S&P 500 chart since 2021 that could be setting up for a sharp leg downward. This is not a high confidence prediction, just a visually interesting observation that made me stop to think. Happy New Year everybody! 🤪
Last Friday, on October 13th, a significant white candle with exceptionally high volume was observed, possibly driven by two catalysts: – Escalating geopolitical conflicts. – A decrease in CPI, leading to market expectations of a potential halt in rate increases by the Fed. Trend – A large white candle with exceptionally high volume touched the upper...
The uptrend channel A 100% parallel extension of the uptrend channel indicates the strength of this bullish trend. Symmetrical projection: An uptrend N pattern By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C, the target price would be point D at $303.3. Given that the anticipated...
Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16,733). The target price level aligns with the...
Channel - A minor uptrend exists within a main downtrend. For TESLA to officially transition into an uptrend, it must break the main downtrend and surpass the significant prior high at $313.5. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As...
The clear up trend and the symmetry of the prior swing pattern have been broken. The resistance turned support so well. It’s possible to see another 100% extension as bulls’ target price. However, considering what is shown in the previous point and the descending triangle that the market is forming now, I stay neutral at this moment. Conclusion: 1. Long...
Trend: Up trend. Although the market failed going up to the next channel, it's still in the up trend channel. Better not to do a counter trade. Symmetry: I use 12119 as a centerline for the symmetry. Let's look at a larger picture on the daily chart. 12119 is the key R/S line and also the 0.5 retracement line of prior swing from A to B, which I found...
BINANCE:BTCUSDT Will we have a symmetrical axis in BTC? To answer this question we have to first explain what the concept of symmetry is for those who don't know it yet. Symmetry Axis or Symmetric Axis In geometry, the axis of symmetry is a line that divides a figure into two symmetrical parts, that is, as if they were the object and its image reflected in...
this is why i'm macro bull *reminder to pinch/squeeze scales to snap shapes back into place, shoutout to my fav tradingview glitch* i'd posted an idea like this before when i was just a baby, monthly spiral made from 21 tops then visually fit, but i jumped the gun and didn't consider diff orientations, or fit to wicks...so i tried to be more careful here. could...
According to the principle of symmetry in the market, it is expected that the market will change to an upward movement in the announced prices.
1. Fib Channel - price action potentially inside of fib channel 2. AB=CD - potential AB=CD structure inside of channel. AB handle of 95 bars, potential symmetry with CD handle of 95 bars 3. Fib Projection - AB handle with 100% fib projection, CD handle potential 100% fib projection 4. Date & Price Range - symmetry between the 2 bearish moves within AB handle...
Intraday Idea: LONG When price gets near, around & below $27K handle, look to buy . Targeting $30K handle The .50 level of the Fib Retracement & .75 level of the Fib Resistance Fan act as static & dynamic support levels. Price Target : $30,000.00 BTC SHORT When price gets near, around, & above $30K handle, look to sell ....
TVC:DJI is at critical levels where we could see another move lower to 31000 if the larger pattern completes. There could be one more move up to 35800 first before getting that move lower. Anything above 36k could mean ATHs again and a possible blow off top. For this month the critical date is the 11th and this could see a 2 week trend into the 27th. I will...
MSFT idea on downtrend break, measuring of the last two swings is giving us potencial movement up to area of 325 for a short time swing