Now on my recent analysis for S&P500, we looking for bears, however here we may be having a bullish flag or compression continuation pattern. If my wave count is correct, then based on historical pullbacks on this chart, we may be correct with the continuation pattern which should pull back towards the 0.5 Fib area. Safer to still look for selling opportunities as...
Here is my review or analysis on S&P500 , I believe there's a pull back to happen during this year until around September. This may be compressive pullback as previously this chart has shown 5 wave pullbacks/retracements so this may allow some time but definitely looking to sell towards the 0.5 or 0.6 areas as marked o the chart with Fib Retracement tool.
Here we come, today, 11 January 2025. I learnt that my girlfriend has other two boyfriends she has been hiding from me, Im so heart broken as we speak but I decided to go face the charts just to relax my mind a bit. So here Im strongly for bulls, however in the short run, where Bears are indicated on this RSI Divergence, sell cautiously. With the green pen, Ive...
An old dog trying new tricks, this is what resembles the pattern called Quasimodo. Basically similar to Head and Shoulders but traded differently and unfolds like a correction. On Elliots waves, it could be the correction after an impulse breakout, the sellers on this one will be coming in, what do you see?
Looking at this chart, short term trades signal a sell towards the two previous supports. Currently trading around the composing bearish continuation flag, once the support breaks, we look to sell and use the flag's resistance as the SL with open ended targets, I prefer scalping method for such analysis'.
1. Identified Support and Resistance Levels: Resistance Zone: The chart highlights a resistance area between approximately 15,700 and 15,900. This zone has previously acted as a ceiling, preventing upward price movement. Support Levels: Support is noted around 15,200 and 14,800, serving as floors where buying interest has historically emerged. 2. Trend...
Here we are with another FX Chart of the USDCHF pair, here I see an unfolding, in progress of wave 5 of the bullish impulsive wave which is heading to a strong supply zone. As my analysis, this should give us a completed 5th wave which will usher in the sellers , however when you sell, its safe to wait for the breakout off the red support line (that one after the...
Here we go , Forex trading. Looking at the AUDCHF here to sell as currently, the red highlighted area proven to have sellers and the target is the blue highlighted area. Im basing this on confluence, RSI Divergence on 3min timeframe and basic Supply and Demand principles.
My idea with Tesla is that it looks bullish, there's more power or volume with the buls than with the bears so we rather look for the buying opportunities, which somehow contradicts my view on NASDAQ.
Here is a chart illustrating Alphabet (GOOGL) stock price and RSI with a potential divergence analysis: ### **Key Features of the Chart**: 1. **Stock Price (Blue Line):** - The price shows a steady rise toward the resistance level of **201.01**, marked by a red dashed line. 2. **Resistance Level:** - The critical resistance level at **201.01** is...
Gold looks like its preparing for a drop towards the support, we wait for the MA crossing and we sell the green targeted area with the risk portion safely monitored . I believe this will be the mood for Gold in 2025. 5 Impulse waves completed with the Cup and Holder pattern also completion.
Looking to buy at resistance breakout here, MA Crossing there around the 148.8 area will confirm, risk and reward as displayed on the chart. This supports S&P500 and NASDAQ as well. Hopefully 2025 will be a good trading year.
Im looking at the chart to sell, risky yes because the market is overall looking bullish but Im scouting for selling opportunities as 2025 begins, similar to how it performed during July-Sep 2024 marked as "PRECEDENT" on the chart. This is basically based on supply and demand, and the breakout trendlines, two targets for safety trading and the risk is fairly good.
Here we are looking to sell after the confirmation a support line breakout, retest and then we sell holding towards Targets 1 or 2, spoilt of choice for targets, up to you to decide and workout a safe and reliable SL.
Looking for a sign? Then this is it. Thats how I set my mind to analyze charts. Here we are looking for buying support reasons and to hopefully minimize risk as much as possible. We looking to buy on bigger timeframe as opposed to the Sell we spotted on Hourly timeframe which for the bigger timeframes may not even appear when the Daily candlestick is completely...
Looking for selling opportunity in this short term whilst watching NAS moves as well, in correlation with this pair.