On H4, with the price moving below the ichimoku cloud, and there's a possible "double M" pattern, we have a bearish bias that the price may drop form the sell entry at 1.36050, where the "neckline" is to the take profit at 1.34995, which is in line with the 38.2% fibonacci retracement. Alternatively, the price may rise to the stop loss at 1.36534, which is in line...
On H4, with the price crossing the ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 1685.100, which is the overlap resistance and 23.6% fibonacci retracement to the take profit at 1736.274, where the 61.8% fibonacci retracement and overlap resistance are. Alternatively, the price may drop to the stop loss at 1654.923, where 50%...
Neurocrine Biosciences, Inc.
Intraday - We look to Buy at 104.23 (stop at 98.97)
A sequence of intraday higher highs and lows has been posted. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 104.00 and should stem dips to this area. Dip buying offers good...
DJI has a bearish bias on the H4 chart, with the price descending since August 16th, 2022. In addition, the price is below the Ichimoku cloud, indicating a bear market. Looking for a buy entry at 28454.12, which is the intersection of the 100% Fibonacci line and the 127.2% Fibonacci extension line. The stop loss will be set at 27580.97, which is the 145% Fibonacci...
On H4, with the price crossing the ichimoku cloud, if the price can break the cloud successfully, we have a bullish bias that the price may rise from the buy entry at 0.98604, where the 50% fibonacci retracement is to the take profit at 1.02014, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at...
Litecoin
Intraday - We look to Sell at 55.35 (stop at 56.51)
Bespoke resistance is located at 55.00. We are trading at oversold extremes. We look for a temporary move higher. Preferred trade is to sell into rallies. 55.54 has been pivotal.
Our profit targets will be 52.41 and 51.41
Resistance: 53.00 / 54.00 / 55.00
Support: 52.00 / 51.00 / 50.00
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On H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop form the sell entry at 90.120, which is in line with the 50% fibonacci retracement and overlap resistance to the take profit at 83.871, where the swing low is. Alternatively, the price may rise to the stop loss at 91.905, where the 38.2%...
AUDUSD
Intraday - We look to Sell at 0.6540 (stop at 0.6600)
We are trading at oversold extremes. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.6365 and 0.6200...
On H4, with the price rejecting the previous swing high level, we're looking for a potential pullback sell entry at 145.007 where the swing high sits to take profit at 142.570 where the 23.6% retracement sits. Our stop loss is placed at 145.971 where the previous swing high sits
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On H4, prices have pulled back slightly but overall trend is moving in an ascending manner hence we are bullish bias- we're looking for a pull back buy entry at 0.9766 where the 38.2% retracement is to take profit at 0.9972 level where the previous swing high, 127.2% extension and 100% projection sits. Our stop loss is at 0.9690 where the overlap support...
Hecla Mining Company
Short Term - We look to Buy at 3.87 (stop at 3.42)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance at 3.90 now becomes support. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 4.85 and 5.00
Resistance: 4.90 / 7.50 /...
Bitcoin
Intraday - We look to Buy at 18613 (stop at 18221)
Price action continued to range between key support & resistance (18500 - 19500) and we expect this to continue. We look to buy dips. We are trading at oversold extremes. 18521 has been pivotal. Support is located at 18500 and should stem dips to this area. Expect trading to remain mixed and...
On H4, prices have pulled back slightly but overall trend is moving in an ascending manner hence we are bullish bias- we're looking for a pull back buy entry at 0.9766 where the 38.2% retracement is to take profit at 0.9970 level where the previous swing high, 127.2% extension and 100% projection sits. Our stop loss is at 0.9690 where the overlap support...
On the H4 chart, we have a bearish bias for DJI with price on a descending trend since the 16th August 2022. To add confluence to this, price is below the Ichimoku cloud which indicates a bear market. Looking for a sell at 30302.28 where the 38.2% Fibonaaci line is. There is a market gap nearby there to fill. Stop loss will be at 30745.55, slightly above the 50%...
EURUSD
Intraday - We look to Sell at 0.9869 (stop at 0.9941)
Sentiment remains negative despite the pull-back higher in prices. We are assessed to be in a corrective mode higher. Current price action faces resistance at the 50% Fibonacci retracement level of the 1.0197-0.9538 move. Resistance could prove difficult to breakdown. We therefore, prefer to fade...
On H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop form the sell entry at 89.856, which is in line with the 50% fibonacci retracemnent and overlap resistance to the take profit at 84.270, where the swing low is. Alternatively, the price may rise to the stop loss at 92.250, where the...
On the H4, the price is moving in a strong bearish trend. To add on confluence to this bias, the price is below the Ichimoku cloud which indicates a bear market. Currently, the price is testing the sell entry at 0.65255, which is in line with the 23.6% fibonacci retracement. The price may drop from here to the take profit at 0.63644, which is in line with the...
Bristol-Myers Squibb Co
Short Term - We look to Buy a break of 72.34 (stop at 70.99)
Price action has formed a bullish ascending triangle formation. This is positive for sentiment and the uptrend has potential to return. Neckline resistance 72.00. A break of the neckline is required to confirm the formation. Further upside is expected.
Our profit targets...
