Action
Comparing Price action daily TFI've been waiting for a pull back since the last pump up to resistance. Using stochastic RSI to look for pullback as well as support lines.
Circled current price action to the previous push to 24k.
I am expecting support between 25k and 24k before bouncing and next resistances at 31.2k and 34k.
Rsi is under a huge bearish divergence so I do expect the next push up to be short lived.
Micron Technology: Short Under 57$I'm planning a short trade on Micron ( NASDAQ:MU ) for 1 week.
The idea after the first "signal" obtained last monday was to see a retraicemente and then a new trigger. Better to trade beyond 57$.
Then today I have one of my fovourite trigger, thanks @ArduinoSchenato
I'll buy some Turbo24 short certificates by IG.com. Target is 53$.
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ITA
Ho pianificato il un trade short su Micron già da una settimana.
L'idea dopo un primo segnale avvenuto lo scorso lunedì era proprio quella di vedere un recupero e un nuovo segnale, meglio se con chiusura sotto i 57$.
Oggi quindi il prezzo mostra quanto avevo pianificato con uno dei migliori trigger che uso sull'azionario. Thanks @ArduinoSchenato .
Domani quindi potrei tradare short questo titolo, attraverso l'acquisto di certificati Turbo24 di IG.com. L'oiettivo è la zona 53$.
SasanSeifi💁♂️ BTCUSDT / 4H HI TRADERS ✌ The Possible scenarios of #BTC is specified on the chart,After correction from the important resistance range of 25200, the price faced correction to the range of 20800. Currently, as you can see, the price is trading in the range of 23,700.We can expect the price to grow to the 24,200/24,300 range and then a minor correction to the $25,000 range again. We have to see how the price will react. Maintaining the $23,500/$23,300 support range is important for a positive swing.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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Gold - Too good to be true?Hey fellows!!!
Gold is still pushing down,
On the lower TF we gat what looks like to be a couple of bearish flags breakouts going on.
After gold has been trading in a tight ascending range all week, it finally broke the flag down yeasterday following US news,
And today, it came back to retest the 1870 level and again, US news kicked in!
So here are we now, breaking another flag, to, maybe, go get the 1830ish + level where gold could find some support, so that would be a great target,
Reasons that make me think of a fall until the Target Area:
1) Gold getting a lot of selling pressure
2) It broke a bearish flag yesterday, and retested it today
3) It's breaking another flag right now
4) It retested 1870 with an ugly "not in the textbooks" inside bar on H2, nice
wicks on H4, several engulfings on H1
5) 1870 was also the 50% fib retracement of the last impulse down move
6) the break of the mother bar in H2 is a signal for a sell, like were the past two H4 candles as well,
Ok well again we will see what the market decides to do but hey gold, that a lots of facts that go in favor of a meltdown! Even just temporary, there's only one thing, the 1850 level is on the way. Price bounced on it once, so, it's gat to make it trought otherwise we might see another restet of 1870.
But then after that, ther'es virtually no resistance all the way to the Target Area, knowing that there's an imbalance if you look left on gibber TF
The whole thing about it is, is it too good to be true or, is it like sometimes it's just like in the textbooks?
Market will tell :)
Thanks for reading
Cheers and happy trading!!!