7204: Breakout and Retest7204 was in correction for a while within descending parallel channel.
Breakout followed by retest is observed on parallel channel.
Price has started showing HH, HL formations after
taking support from horizontal line
which is also golden pocket fib level.
A Bullish divergence is also formed.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.
AB=CD
XAUUSD: A small correction before going ATH! OANDA:XAUUSD
We may see price correction on XAUUSD before it continue moving up, price has been extremely bullish since the beginning of the week. However, we may now see price dropping towards 2440 which area remain a strong hold for swing buyers. Good Luck.
KMD NZ Buying long term positionMonthly chart
Buying long term position trade for a set and forget position
Currently at
- 16% forward dividend
- Large monthly AB=CD pattern
- Monthly oversold RSI
These 3 reasons alone are enough for me to get in....
Retail is doing it tough and there are going to have to be some restructuring taking place, but it is a good brand that makes good products and I know it very well and have some of their clothes in my wardrobe
sell at zone - intraday - expecting small fall from the zone .
- good for intraday trade
ENTRY
- entry is strictly inside the zone
- look for confirmation in smaller time frame ( 15 mins preferred )
TARGET
- use fibonacci retracement on C to latest swing high
- mark 0.236 fib value as target
STOPLOSS
- if daily tf candle close is above the zone .
IGNORE
- if u didn't get confirmation inside zone , ignore this pick
- if daily timeframe candle close is above this zone , this pattern become invalid and ignore this pick
sell at zone - intraday- expecting small fall from the zone .
- good for intraday trade
ENTRY
- entry is strictly inside the zone
- look for confirmation in smaller time frame ( 15 mins preferred )
TARGET
- use fibonacci retracement on C to latest swing high
- mark 0.236 fib value as target
STOPLOSS
- if daily tf candle close is above the zone .
IGNORE
- if u didn't get confirmation inside zone , ignore this pick
- if daily timeframe candle close is above this zone , this pattern become invalid and ignore this pick
buy at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
buy at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
USDCAD: 800+ Pips Move, Do not Miss Out! Dear Traders,
As we stated in our last analysis that price will bounce from our designated buying zone, for us that area remain a key level as price is likely to retrace from the area. Following our last idea, price did rise up higher than that we expected, however, it has almost reached our area of buying.
Good Luck and trade safe.
FETUSDTFETUSDT is trading in strong bearish trend and consistently printing LL LHs. and is about complete ABCD pattern at strong daily support level. And it looks like FETUSDT forming a local bottom here .
If the bullish rally starts from here , the next possible target could be 1.3500 followed by 1.800
XAUUSD: 1HR VIEW Targeting $2300! Second Entry UpdateDear Traders,
Price has shown some strong bearish pressure as it failed to go beyond 2408, where it ranged for entire London and New York session. We waited until now to have some strong confirmation of how price may move. We are now confident enough to have a bearish outlook on Gold. If you like the idea then like and comment. Previous idea is running +400 pips. Keep supporting and good luck to everyone. Trade safe.
Bitcoin (BTCUSDT) Potential Move from $43,600 to $120,000Description:
Based on the current weekly chart analysis for Bitcoin / Tether Standard Futures (BTCUSDT), there is a significant potential for Bitcoin to move from $43,600 to $120,000. Below are the key points observed:
Current Price: Bitcoin is currently trading at approximately $54,806.45, down by 5.75%.
Elliott Wave Analysis:
The chart indicates a potential ABC correction pattern.
Wave A has completed, and Bitcoin is currently in Wave B, which suggests an upcoming bullish Wave C.
Support and Resistance Levels:
The primary support level is at $39,987.31.
The significant resistance level and target is the area around $120,000.
Fibonacci Retracement Levels:
38.2% Retracement: $31,145.00
50.0% Retracement: $23,356.00
61.8% Retracement: $15,568.00
Indicators:
RSI shows potential bullish divergence indicating a possible upward move.
Volume profile indicates strong accumulation in the lower price ranges.
Extrem Buy Alert: The chart highlights an "EXTREM BUY ALERT," suggesting that the current levels could be a significant buying opportunity before the expected upward move.
Chart Details:
Timeframe: Weekly (1W)
Ticker: BTCUSDT.PS
Exchange: Binance
Disclaimer: This analysis is based on historical data and technical indicators. It is not financial advice. Please conduct your own research before making any trading decisions.
buy at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Alikze »»GRT | Bearish Flag Pattern🔍 Technical analysis: Bearish Flag Pattern
According to the analysis presented in the previous post, after the completion of corrective wave B, an upward wave in the form of wave 3 or C grew to the size of 1.272 fibo of the previous wave itself.
- Therefore, this rising wave can be labeled as wave one.
💎 According to the structure and behavior of the three-wave correction, an ascending log equal to 61.8 fibo of the previous wave has been returned.
💎 In addition, this return wave was in a channel and formed a descending flag. Therefore, the bearish flag pattern can also correct as much as the bar.
- This descending log can return at least 100% of the previous wave, which will be the range of 0.1446.
- If it continues and breaks it, it can extend to the floor of the channel and shopping area.
💎 Resistance zone: limit 0.39 and fibo 61.8 channel ceiling
💎 Alternate scenario: If the 0.618 Fibo area breaks to the upside, the bearish scenario will be invalidated and should be re-examined and updated.
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Alikze.
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BTCUSD - 100k but not an easy path..COINBASE:BTCUSD has had a fairly decent run this year and looks like it will continue. The path seems to be filled with decent Pullbacks to scare a few people but overall looking like 100k will be the major target for now.
The multi year ABCD from the 2020 low gives us a target around the next major level of 80k. The question now is if this PB we had from Thursday is done or will we see one more move lower to the 382 from this move up around the 60k level.
There are a couple of major turn points coming up that I will post.
I will take a look at the shorter TF as well to give some levels to watch.
US Interest Rate decision on Wednesday this week as well will move the market as well.
BTC_[Weekly]_Chart Patterns (C&H, Flag, ABCD)BTC Weekly Analysis:
Price is moving beautifully in chart patterns.
Cup and Handle formation is evident, Breakout of Handle will take the price high.
Bullish Flag Pattern
ABCD Pattern
Target Price for long-term are specified.
Watch Hourly, Daily and Monthly Charts for details.
XAUUSD: From our previous analysis, price did early mitigationIn our previous analysis we stated that price could reach 2330 region and reject from there as we though price is finally going to fill the gap. However, it did not work out as we expected and price mitigated from early key level where previously price reversed from. We anticipating price to grow from the current region, a safe entry can be at 2308 from where we can see price reversing strongly. Good luck.
#USDCAD: 500+ Pips Big Buy Opportunity!Dear Traders
Hope you are doing great, we have a great buying opportunity on USDCAD, our first entry is in profit of 250+ pips, however, we expect price to grow steadily after reconfirming the same area. USDCAD tends to reconfirm the order block area many times before a big bull move. Good luck.
My Piece of the #BlackRockTell Larry I'm Telling
I first analyzed SBUX stock for one of my Analysis.
I was doing a Crisis Analysis on the company, and was very intrigued by my findings.
I have been informed that strategies have been developed off of my Investigations and Analysis, And now I want to be paid Mein.
Just of few pieces of a few generations of earnings.
-The Prince of Carthage.