XAU markup finished and supply zone confirmed by big red dildo. Starting to consolidate below previous support, suggesting a new supply zone is developing and we're preparing for another leg down in the interim.
Just a follow up on my previous higher time frame analysis, looking at lower TF candles, using price action and levels to assess the most likely scenario.
Like always just trading the ranges. SFP's in either direction. Short as of writing this.
I'll be trading this range aggressively, looking for SFP's in either direction. Likely taking quick profits. I'm in a short as of writing this, looking to cover on big red candles.
Simply going to be trading this range for the next month or so. Looking for SFP's on either side of the range. For now will stick to these ranges until proven otherwise.
Interesting 11 day reversal cycle on ICXUSDT. Near the 11th day of every downturn, accumulating ICX seems like a decent idea.
BTC on track to re-test the 48K golden pocket, before reversing upward toward a lower high.
ALGOUSDT has been slowly trending up since retracing to the golden pocket. Increasing bull volume, stepping up in an ascending channel. EMA 12 has been reclaimed on the daily chart.
Amazon's current chart looking eerily familiar to 2 quarters ago. Except this time, it gapped down off resistance. It was a large volume bar so will it consolidate a little bit, allowing the last bit of selling to complete before going in.
On August 26, FLDM was trending towards a break of 2 year high. Coincidentally, news is released regarding a saliva test being approved by the FDA. The shares gapped up huge. Soon thereafter, the gap collapses to the support line of 5.54. From that support level , the stock continues to trend upward along with the overall market. It retests 8.82 on no news, before...
Caught an alert on CT Chat. Upon looking at the charts, I immediately thought breakout trend, buyers are in full control. The yearly showed me the standard cup and handle breakout formation. The 5 minute chart showed me an uptrend well above VWAP. I used the 1 minute chart to identify the pull back. Catalyst was analyst upgrade. Stock was on an uptrend at...