Bullish on SPY but after a slight dipI think the Inverse head and shoulders might save the SPY and we may bounce back up. Additionally the RSI is still showing bullish divergence If the there is a solid break below the resistance line in the RSI / the Price action resistance then this idea becomes invalid.
4hr
BTC important information about the retracementIts important for BTC to hold the Uptrend 4HR.
BTC is still bullish as long as it holds the uptrend.
There is a possibility that BTC will test liquidity to the downside and fill some imbalance in the market.
it is then important for BTC to regain the uptrend and hold the bottem line then BTC is still bullish for me for the mid term.
For now BTC is in a perfect retracement so nothing to worry about.
Ps: No financial advice.
AUD.CHF Long 4HRHello Traders,
AUD.CHF is one of my favorite cross pairs because it has good market structure.
Today the R.B.A kept the interest rates the same at 0.10%, and yet, the bulls took control today.
My 1st T.P was executed and now I'm at break even. Let's see if price will continue long and reach my 2nd T.P.
Samantha
BTC 4HR Possible price movements/targetsPrice needs to hold the Breakout of the uptrend and gain the Excess price line.
BTC Overbought now so retracement to lower levels very possible.
If price breaks above, I am going to watch the Long POI as possible retracement target for BTC.
Before BTC will try to go to the 50K level.
No financial advice
Cardano looks ready to trigger an Adam & Eve double bottomWe can see considerable amount of volume has accompanied the current big green candle that has broken above the Adam and Eve double bottom neckline here. This type of volume impulse usually signifies that a breakout of a pattern has been confirmed. However, this being only a 4hr timeframe, we must be prepared as always for the first breach of the neckline to potentially be a fakeout. For now though, it is looking like it wants to validate and head up to the $1.28 region.
GER30 DAX 4HHey everyone, that's my idea for the DAX for this week.
I placed a 0.3 lot position @ 14465 with a 1:1 RR ratio
TP: 14800
SL: 14100
My posts are getting updates at least 2 times after I posted them or until my TP is reached.
Disclaimer: I'm new in the business ;)
LUNA - Moment of truth!!Luna and the crypto market is at a possible turn point to go higher or to give up some more.
We are just completing a Gartley Buy pattern @ 47.15. If it doesnt hold this level then we could see it drop to 34.00 where there are major ABCD patterns and FIB levels.
We do have the 61.8% level from the May 2021 low but more likely to head lower if the current level breaks.
The whole market is at a critical level the next couple of days are going to be interesting.
I hope this helps, Enjoy the weekend.
US Oil 4Hr Analysis, Week 4 2022, Cad interest Rate DayWe are quite Bullish
The daily candle yesterday closed in a fashion
that validated longs to 90$ a barrel.
We are currently testing 4hr Resistance
It is most wise to wait for the Daily candle to close
or until asian session latter for any sells. For
buys, Fomc could be a catalyst for us to move out of
87$ and 88$ and continue on towards 90$ a barrel
How Short - For How Long - How Long - For How ShortWe wanted to do some 4 hour analysis on the current situation as there has undoubtedly been a lot of pumping through the use of big Vector candles in both directions.
After the $2.60 Short it has definitely been long
So The Green Vector Recovered the Reds at (80) in the hourly tf then gave that $1/$1.20 short just before it printed Blues.
Even though this is a 4 hour analysis that cannot be ignored as 4 one hour candles essentially for a four hour one. The particular 4 hour candle that did the most recent move up on 11012022 consisted of:
1. A 2pm candle which opened at 79.4,cannoned up to 80.08 as a very angry Green Vector candle only to be sent packing back down 78.87 as a now even angrier Red Vector candle to recover the whole of the only slightly annoyed Green Vector candle it printed at 8am that morning
2. A blue candle that opened at 79.05 with no bottom wick and ended up at 79.88
3. Another Blue that opened at 79.8 and hit highs of 81.25
4. And lastly a retail Dark Green candle that did 81.00-81.5
After that it has pretty much been vertical.
The next things that we cannot ignore is that the fact that a massive Green Vector is what did the touching of the Red Vector from 10112021 because we normally get a short soon after. We had first contact labelled at 82.25 and the top of the candle at 84.45 putting 83 slap bang in the middle. It is very scary that it decided to stop exactly around 83. We have observed that the midpoint, 33% and 66% 75% etc points in a Vector are good reversal points even if a trend continues. Due to this we have enjoyed some short scalps and are looking for a bigger short if it wants to continue down.
But if we know anything by now it is that when certain colours retrieve others, certain things happen and at the point of making this analysis a Green was being recovered in the 4HR tf, therefore even if it is to go down there would be a little move up and could even be the continuation. But we have more Green vectors below so you just have to be on point.
But we are looking to short hard if it fails to get back over 83. However the long that is possibly on can go to the top of the top box and way beyond as there are Red Vectors up there from 2014. We are looking below at some of that juicy Green Vector candle as our targets, but are constantly conscious that it has no obligation to recover the whole candle before going up again and it can recover it in multiple visits with vicious pumps in between.For that reason we look for confluences at key levels when a certain amount or all of the Green candle has been recovered to go long again for the resumption of the trend.
We want 4 hour closes in boxes to signal the journey to the ends of them.
Good luck guys!
This is not financial advice and should be taken with a pinch of salt
KP3R in ascending triangle on 4hr KP3r has retested resistance 3rd time after touching a demand zone and is possibly set for an breakout. IS IN AN ASCENDING TRIANGLE DYOR!
BTC Zoomed In (4hr chart)Let's take a closer look at BTC on the 4-hour chart. So far price is following the projected path of our last update (see linked idea). The question now is when are the bulls going to take control? We've seen a flourish of buying activity today with high volume, but will it be enough to trigger the reversal here? I'm showing the 4-hour chart (instead of the Daily) so I can show you that we still appear to have some overhead resistance that needs to clear (The blue field in the middle indicator). Some of that resistance has turned to support and we've just seen bullish divergence so we *might* see the bulls step up here. However, it still might take a few days for the path to clear. Be patient. I'm only looking to add to longs here.
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GBPJPY Progression to 158Looking on the HTF, we can see an opportunity for GJ to continue its course to 158.000. Here we will be entering a new zone where we could see price continue to remain bullish.
Will be entering a long position at Higher Volume Periods if price continues to its uptrend. (0700 UTC)
A speculative inv h&s prediction for the 4hr xrpusd chartWe can see here that on the 4hr chart XRP is about to have a 4hr golden cross. I’m speculating here that price action will dump back down to retest the 50ma(in orange) and/or the 200ma(in blue) as support while simultaneously creating a right shoulder for this potential inverse head and shoulders the candles appear to be trying to paint. Normally I wouldn’t presume an inverse h&s prematurely like this but even though I’m speculating this to be a probable outcome, as always I won’t actually act on it trade wise until I have confirmation that it is actually going to validate the pattern and confirm a breakout from it. If we do confirm a breakout though the measured move target would be around $1.40. If we were to reach that target it would likely create a domino effect that after some corrections and retest allowed us to trigger some much larger pattern breakouts as well leading to higher and higher breakout targets. I feel like 2022 could really be XRP’s year so it would definitely make sense if it did. *not financial advice*