Highly presumptuous to anticipate a change in trend without previous support of that trend being broken however Volume observations combined with the area that price is currently in would suggest to me SPX500 beings to reverse and change trend in this area. Also of significance is an unseen upward channel that price is currently approaching the middle of. This...
Gold has a tendency to retrace all the way to previous support levels before taking swift moves up If S&P500 continues to be bullish at this point buying interest for gold should reduce allowing for a brief move down SPX would then have had several days of bullish action and need a rest, encouraging investors to rotate out of stocks and into gold XAUUSD If timing...
Somewhat Wyckoffian formation emerging on XAU with bear flag on 15min, luck
Gaps in market opens are known to be closed around 80% of the time, in FX 70%+ of the time price returns to weekly open, most of the time on a Tuesday
My friends think BTC will produce a Swing Failure Pattern and break down. This 4hrly candle just opened outside the range. Regardless of however arbitrary, I suspect the bull continues on this occasion. If we break below that zone my bias will change and the larger picture of BTC will provide a perfect copy of the Wall Street Cheat Street image. Which in fact is...
Allons y The ponzi forms a rounded bottom and breaks that meme diagonal resistance, from there next logical location would be the top of the range or the liquidity block preceding it
.38 is a fairly standard area for a bounce play in a bearish downtrend, combined with supply zone
Setup to short the retest and long that line. Prey for me
Bullish pennant showing all hidden bullish divergence on RSI, good risk to reward with ~20% potential returns
Even before the tragic news which caused a mass sell-off, price action already exhibiting simplified similarity to schematics of Wyckoff distribution. Bulls rallied all the way up into previous support zone until close of trading on the 5th of April. With RSI showing exhaustion and potential loss of confidence following the April fools tweet from Elon Musk this...
..look closer at the OBV.. ...you'll see buyers are becoming shy and suggestion of distribution across a market top. Planning to fill shorts on the right shoulder of potential head and shoulders reversal pattern, but will market sell if needed.
Standard bearish rising wedge on AAPL with all the normal bearish divergences half way through a down trend, would suggest target of 1.618 fib extension. Incidentally area of confluence with previously established floor. Stocks move so slow though and premarket can basically do what it wants. Either way, I'll short this Monday morning
DJI showing similarities to BTC , or any bubble with a parabolic curve. Admittedly exhibits bullish divergence on RSI but in a downtrend after a parabolic curve break don't expect this to cause recovery, especially while continuing below 50. More likely people will short into this rising wedge with no buy vol
BTC Price action on 4hourly has, as in many micro formations, created another bearish pennant. Lower timeframes showing some bullish support and comparing formation with previous bearish pennants of similar size we price could have a bullish fakeout before continued down trend. $5,600k is a price target I have been watching from several angles and given the...