Here are the explanations and results of the analyses conducted on May 21 and May 23, 2024.
For FCPO, I anticipated that the current movement might react to the identified Fair Value Gap sell zone. Thus, as an initial confirmation, the expectation for the current bullish movement to be offset by a bearish movement must occur. You should be aware that a Bullish Candle movement can only be negated by a Bearish Candle, and vice versa. Hope this helps....
Currently, the Moving Averages (9 and 21) maintain a downward slope, signaling a bearish trend. The price action in the H4 timeframe corresponds to the Fair Value Gap (FVG) zone, indicating a critical area for potential market movement. To initiate a bullish trajectory, a decisive breakthrough of the FVG zone is necessary. Additionally, the strength indicator,...
I am sharing steps to do analysis and how to wait for a low risk trading execution.
Multiple support levels have been breached, accompanied by the formation of a FVG (Fair Value Gap) pattern, along with the appearance of a Double Maru Sell signal. Consequently, we anticipate the price to likely retest the Resistance level before initiating a downward movement. Furthermore, a reversal signal has been identified in the candlestick pattern,...
The chart clearly shows a Triangle Pattern Breakout, accompanied by the formation of an Inverse pattern, confirming the movement, along with the emergence of a Lower Low chart pattern. Therefore, traders should seize opportunities when the price retraces to the inverse zone or potentially around the area where support becomes resistance.
For the NZDUSD pairs, at this moment, we are waiting for a potential reversal to occur. It is currently situated in the Demand Zone @ Support area, and with the presence of Awesome Oscillator Divergence, it provides a stronger indication towards a bullish direction.
For the NZDUSD pairs, at this moment, we are waiting for a potential reversal to occur. It is currently situated in the Demand Zone @ Support area, and with the presence of Awesome Oscillator Divergence, it provides a stronger indication towards a bullish direction.
From my analysis, it appears to be forming a Cup and Handle Pattern. Or I can call it Multiple Retest Zone at the moment. Additionally, when applying the BBMA Technique and observing the Weekly Timeframe, there's a notable "Arah Kukuh Candle," indicating a bullish signal. However, it's possible that there may still be room for retracement.
From my analysis, it appears to be forming a Cup and Handle Pattern. Or I can call it Multiple Retest Zone at the moment. Additionally, when applying the BBMA Technique and observing the Weekly Timeframe, there's a notable "Arah Kukuh Candle," indicating a bullish signal. However, it's possible that there may still be room for retracement.
Regarding Edelteq, it appears that the stock is predominantly moving in an Uptrend Bias. On the weekly timeframe, there seems to be a formation of a Fair Value Gap. Additionally, it's worth noting that the volume during the breakout is increasing, which provides a promising indication of bullish potential.
Regarding Edelteq, it appears that the stock is predominantly moving in an Uptrend Bias. On the weekly timeframe, there seems to be a formation of a Fair Value Gap. Additionally, it's worth noting that the volume during the breakout is increasing, which provides a promising indication of bullish potential.
We've recently identified a continuation pattern in this currency pair, coinciding with the formation of FVG. As a result, we're anticipating a potential bearish candlestick reversal, particularly around the FVG zone.
We've recently identified a continuation pattern in this currency pair, coinciding with the formation of FVG. As a result, we're anticipating a potential bearish candlestick reversal, particularly around the FVG zone
I observe that the price is currently in a Supply Area Drop-Base-Drop pattern. This coincides with the presence of a Fair Value Gap and the emergence of a Reversal Candle. I anticipate that the price will start to weaken for this pair.
I observe that the price is currently in a Supply Area Drop-Base-Drop pattern. This coincides with the presence of a Fair Value Gap and the emergence of a Reversal Candle. I anticipate that the price will start to weaken for this pair.
We've observed four resistance breakouts with the price attempting to retrace back. As of now, there hasn't been a formation of an inverse pattern, indicating that a reversal signal has yet to manifest. It's advisable to monitor the situation closely. Should such a pattern emerge, there's a possibility of a test towards the Fibonacci level of 1.618.
We've observed four resistance breakouts with the price attempting to retrace back. As of now, there hasn't been a formation of an inverse pattern, indicating that a reversal signal has yet to manifest. It's advisable to monitor the situation closely. Should such a pattern emerge, there's a possibility of a test towards the Fibonacci level of 1.618.