This is the only chart you will need to see for the coming months. Simple and clean as can be. Even a 5 year old can grasp. Emotions are so easily manipulated and reactive. Scream and pout or be enthusiastically ignorant in the psychology of price action all you want. None of that matters. Emotion is weakness in this field. "Ignorance is not realizing you're...
Using HOD HOW HOM HOY LOD LOW LOM LOY to determine where institutions reverse the markets.
My bias is short for the following reasons Confluences: -Larger TF downtrend -US Dollar inflation Opposing forces: -Sporadic global economic fundamentals (this trade is only valid if price breaks 19550)
My bias is long for the following reasons Confluences: -At major area of support -Approaching huge liquidity zone -Approaching bottom of downtrend Opposing forces: -Sporadic global economic fundamentals -Inflation of the US Dollar
My bias is long for the following reasons Confluences: -Largest TF uptrend -Bullish flag formation -Strong daily support formed -Descending triangle pattern *** Opposing forces: -Sporadic global economic fundamentals
The patterns are there if you look close enough you will see them. EVERY MAJOR ECONOMIC HISTORICAL EVENT HAPPENED IN MARCH. EVERY SINGLE ONE. - We are not in a recession. The recession has not started yet but it is imminent. Something to keep in mind is when the economy is in a recession the dollar deflates not inflates and unemployment rises. Something big...
From a pure technical standpoint every time price reached the downtrend line it shot down almost 1000 pips. I'm going to say it will repeat and cause one more flush of the swamp before we see the bullrun rally begin. Unless price breaks out of this larger timeframe downtrend I don't see it becoming a bullrun just yet. All this is at this moment is a patience...
Reversed view gives us another perspective on the markets with a new understanding of chart patterns. This is the ideal setup I see unfolding with the highest probability at current market action. As we can see price is approaching the break of triangle as well as the trend line. 2 very strong areas of resistance which will most likely cause prices to fall. I...
Perhaps... If price breaks $1000 we are definitely seeing a nice drop. Regardless my bias is still short. Don't know how far down but the further the better. That way we can invest at a cheaper price before the rally and also take short-profits. $$$
I see the bottom being 14000 before we begin the official longterm bullrun to 100k. We will see what happens and trade with the trend, always.
Take every analysis with a grain of salt. Here is another view of what I see in ETHUSD price. Usually this ascending triangle, following a downtrend, leads to more downward movement. It is on a larger timeframe meaning bigger push. My first initial take profit is at $750 ETH. Final is $450 ETH. -I'd also like to note if you scroll up a bit before the downward...
This is what I see. I've been anticipating this set up for weeks, The bear run will continue in my eyes, unless some sudden entry of a huge institution decides it's no longer going to be a bear run anymore and the bulls are taking over this long monthly downtrend. I personally don't see it going bullish due to the swamp not fully being drained yet. Also inflation,...
I see 6 confluences that are signaling sells for next week. 1. Downtrend on higher time frame 2. Fib golden zone hit 3. Resistance from downtrend hit 4. M formation in the fib golden zone 5. Break and retest of smaller time frame uptrend 6. DXY is bullish
From my analysis this is clear as day an ascending wedge on GBPJPY. I'm expecting a pullback (IF price doesn't break 156.000 resistance retests and proceeds bullish) The bullish run looks to be exhausted from the wedge forming. From my experience it has to pullback to continue. Overall, my analysis indicates a pullback starting the new year but looking bullish...
Beautiful set up if i do say so myself. overall it is a bear trend on the higher time frame, but we can clearly see price looks to want to hit the top of the trend before pushing down. Anything could happen in these markets though as we all know. Prosperous trading family. Wishing you all an abundant journey.
You see ittt. W currently forming, price bounced off bottom of UPTREND. About to break resistance and take off for a cool 3000 point move. HIGH RISK TRADE. Got to risk it for the biscuit. I caught a thousand point drop off a ascending wedge. Price dropped a total of 2000 points before rising. Charts are looking right these days. Make your profits fam....
Looking for a retest of resistance for a confirmation on bearish move.
This previous week price consolidated and dropped 200 pips on Friday morning back into the down trend. I'm expecting price to drop once it breaks support. I will enter off the retest of support. We'll see how this upcoming week goes.