Sharing my view on the BTC short-term scenario. Main idea here is to find confluence of the resistance levels using different technicals.
Hi Traders, Here's my overview of NVDA stock from technical perspective using basic charting and ignoring all the AI frenzy. 1. On 4h time frame I could spot a bigger parallel channel which sits on March 24 highs, Jun 24 highs, August 24 lows (Gap closing). Based on this channel alone, the next target/resistance is ~136 per share area. 2. Also, there is...
Hi Traders, Spotted a bullish flag here on DXY 4H. Let's see if this shoots up. On a Weekly the index has broken out of a bullish wedge having a great momentum so far. There's still some room to go higher. Good luck. Tony
This is an ad-hoc follow-up to my previous idea on the USOIL Long which was successfully resolved. Bears are looking for reaching 69.96-70.20 area here. Let's see how it unfolds.
An observation of a double bottom pattern on USOIL 1H Time-Frame. Short-term I expect the price to make a small correction before moving upwards to 77.90 - 78.00 level.
Hi traders, Based on basic trend lines and support/resistance levels AND the bearish momentum I can build an assumption that: $NORNIKEL will continue to lose it until 80.00 per share where another support/resistance level. Cheers, Tony
Hi Traders, High probability NLMK will continue to drop until reaching 100.00-95.00 level. Support is 100 round psychological level and support line which have been tested 3 times so far. Selling here at this point would be risky, where waiting for 100-95 and buying there is a better and safer option. Let's watch this. Cheers Tony
Long-term target based on the latest BoJ interest rate hike and signs of a positive outlook for Japan's economy. Technically the pair is scraping around .618 FIBO level which is 195ish - there's still some room to hit the level. 1st target = 170 (0.382 FIB) 2nd target = 160 (156-157 - resistance/support of the past price action).
Hi traders, There is a possible short-term downwards movement on SPX to touch 4280 area which served as a consolidation area in prior days.
Hi, With Oil spiral down continuation we can expect it to breach 70 area down to 67. We can measure the downwards movement leg as 260 pips (see price measurement) the same size as the first leg of the rising wedge (orange lines). Look out for support areas (purple) to possibly reject the price for it to retrace up to 70. TP 67.50-67.00 SL 70.40-70.60
Hello traders, Spotted US oil to exit the local channel (blue) and test). As the channel itself serves as a flag pattern, we may see an upwards continuation of the price towards 71.5 from current level. Target 71.5 is based on the length of a flag pattern first leg.
Hi, Spotting Gold to move within the expanding wedge where we can that the lower band of the pattern is 1884 level. Price can hit that level after breaching 1894-1895 level. However, falling wedge being a bullish reversal (mostly) we should be careful watching levels 1895. DXY bullish continuation and US GDP is a catalyst and confirmation.
DXY has left the channel and retested locally. The next target is possibly 103.1 being the latest high.
Hello traders, here's a good example of a triangle pattern (marked red) which has been confirmed as correct by a continuation upwards. Now that the pattern-driven move is about to be completed near upper band of a channel we can use this SHORT opportunity from this position targeting a lower band of a channel (entry point is cirled) Good luck and use SL! Tony
Hi Traders, Been looking at weekly for BTC, I am sure there must be plenty of similar ideas out there. The weekly channel suggests next target is 72K. Tony
Hello, We see this short-term bullish set up on Gold 4H TF with the latest local downtrend had been broken with a densed retest. This idea is backed up by DXY nearing it's correction downwards - see in the comments.
Hi Traders, Unity being (one of the) wheels for an upcoming VR&AR revolution, this stock might be trading around 3x to it's current price in few years (maybe next). An expanding triangle (megaphone) pattern suggests we are at the lower band now which is a good entry for buying opportunity. We might see some pressure at 160-170 which is 61,8 FIB and a DEC...