orimichaeli

orimichaeli

Sellers back in control with downtrend (LH-LL) after rejection on the volume area and forming double top + H&S pattern.

orimichaeli

PayPal is still under bearish pressure. By the volume zone (point of control), we can identify who controls the market - bulls or bears and analyze the point of support and resistance. In March 2020, the high volume zone acts as strong support and the bulls made a bull run with gains of 257%. Since then, the sellers have jumped into the game and broke the volume...

orimichaeli

GBPUSD- Expecting small false breakout and then huge selloff. Good Luck!

orimichaeli

APPL with nice run and low volume and now has reached to 149 which is major POC and very strong resistance. Daily candle are going end as red Doji which indicates that sellers coming in. MFI forming divergence- Smart money comes out from the stock. TP- 120.

orimichaeli

BA forming bear flag and 149 which was very strong support is now resistance.

orimichaeli

As I see it, it's just another LH in this bear market. We may see false breakout and attempt to break 12,400 that was previously strong support and now strong resistance, but the sellers will push it back down.

orimichaeli

Since 2000, only twice SPY has created a clear downtrend with LH&LL, loss of 50% and 5 years of recovery. (the corona selloff was an impulse in uptrend market with very quick recovery and did not create LH&LL). 1. Year 2000 - The .com bubble crashed, Spy started a downward trend of two years with a loss of 50%. 2. Year 2007- Pre SUB PRIME and a few months after...

orimichaeli

In this 3 months chart things are looking little bit better for bulls. First we have seen rejection at FIB 0.236 before bears push down. The MA 18 is very important to watch as its acting as support for bulls and FIB 0.382 as well if it doesn't hold, its going to be a disaster for bulls. Does it just a healthy correction or beginning of a crash dotcom bubble...

orimichaeli

As seen from daily chart, bears has reject the bulls attempt to cross the POC and resistance line with high selling pressure. Now bulls in critical point and very important support line at 270 (red dash line), that if will not hold - will turn to mega resistance and the way down is going very painful to the next yearly volume area at 170.

orimichaeli

Time to short. Rejected from the neckline and very strong resistance trend line (previous support).

orimichaeli

Time to short- Resistance line Divergence MFI Daily MA 200

orimichaeli

USDZAR- pair are straggling to break very strong weekly resistance which are also Fib 0.618. MFI- showing divergence and pointing of correction.

orimichaeli

We can see clear trend reversal. 1. hanging man candle supported by huge volume. 2. after this candle the pair forming HH&HL. 3. Inverse H&S. I would wait for retrace by Fib and go long with very good R:R.

orimichaeli

MFI- overbought. Fib 0.5 Resistance. Downtrend market.

orimichaeli

Bear flag, resistance level. Short to volume area.

orimichaeli

Maybe when Warren Buffett said "you should never bet against USA"- the DXY chart was in front of his eyes. DXY- supper bullish!

orimichaeli

EURGBP forming invers H&S and HL. Wait for false breakout of the trend line before entering to long. This trade must come with patient but patient is the key for wining trades . GOOD LUCK!

orimichaeli

USDJPY- Forming rising wedge in 1HR chart and H&S. Wait for break to short.