Important things to note:
BTC has reached the level I have mentioned previously 48K (it will need to retrace properly and hold for confirmation).
If BTC confirms level, it will confirm end to pullback. (likely scenario).
ADA will test 200MA as its final real test.
ADA will either pass the test and run to 2.86 (likely scenario) or be denied and move to...
Hi traders:
Similar like few of the JPY pairs that I have posted, CADJPY is once again shaping up for the sell.
from my previous CADJPY analysis, the price did impulse down aggressively, , but did not continue further after hitting the lows.
Price then reverse up to correct into an ascending channel reversal.
This is an indication price is once again...
Hi traders:
Similar like my previous 2 analysis on the other US indices, I do also see DOW is shaping up for the bearish price action.
On the higher time frames, price has formed a larger ascending structure, correcting the price up.
As we know ascending structures are reversal in nature. So the bias is to look for potential selling price action development....
If you followed my previous post, I mentioned how the DXY (Dollar Index) was in an upward trend. Now that the market has opened again, the bullish trend is more visible, especially with the reverse head and shoulder pattern completed.
If you haven't already done so, it may be a good time to enter the market in Gold and go short (for XAUUSD ONLY). XAUUSD has...
Hello my beauties.
DXY has formed a massive megaphone, specifically a bearish one after an uptrend.
The completion area for a bearish megaphone that comes after an uptrend is the beginning of the formation itself, which I evidenced in green.
The Dollar Index might turn out to be very bullish in the next few weeks/months, as it has just retested the bottom...
i really love how to pattern looks i would love to take this trade BUT first i wanna see a break out so wait patiently and watch out for fake break outs
dont take it as finacial advice pls
Final Japanese Industrial Production for July decreased 1.5% monthly and increased 11.6% annualized. Forex traders can compare this to Japanese Industrial Production for June, which increased 6.5% monthly and 23.0% annualized. Capacity Utilization for July decreased 3.4% monthly. Forex traders can compare this to Capacity Utilization for June, which increased 6.2%...
Important things to note:
I had some time to study BTC right now
BTC has created 3 lows now it will test
Just closed above a critical level right now
It will need to close above 200EMA to confirm
If it fails it will create a new lower low 42k or 38k, if it passes, it will move higher signaling end to correction
ADA is about to run a test of its own (200MA)
If ADA...
Hello traders:
Very similar price action development like SPX, here on NASDAQ its forming similar structures that could lead to the bearish move we have been patiently waiting for.
We can see price has been correcting in the al a larger ascending structure for quite sometimes now. Very similar like previous price action before Covid drop.
Latest price has a...
Hi everyone:
Its always a good idea to have our weekly outlook on the market so we can prepare for any kind of development.
Here on SPX, the previous 2 analysis I had all had the lower time frame bearish move down,
but just wasn't ready to continue its bearish impulse phase further.
As price reverse up correctively and continue to develop the current price...
Important things to note:
This is exactly what an auto fib tool tries to do.
Auto fib tools are only semi accurate.
Doing it yourself is far more accurate.
A fib should be used in conjunction with targets from patterns.
This is how I come up with my price targets and calculate larger movements.
I hope you can see the pattern that form and why they form.
I did...
