GBPUSD Medium cycleGBPUSD is in a bullish channel.
its have 2 hunts to this channel lines.
i think normal time for third hunt is at next 22 bars in 1.29840 price.
now if its hunt sooner its show that the power of bearish trend increasing.
and if its hunt later show that the bullish trend power is increasing.
why do i thinks so ? because i compare that whit its last hunt.
also the DXY had strong bearish trend and its resting now.
i think the bearish trend can continuo.
Its just my personal comment please don't trade whit this.
I have no responsibility for your money.
Channeltrend
Nasdaq - (Bullish) Clarity in two days!TVC:NDQ is now retesting a very important inflection level and maybe attempting a breakout.
Parabolic rise or -20% correction over the next couple of months. So far there is a lot of uncertainty as to whether the Nasdaq will manage to break above the current resistance trendline. We simply have to wait for this monthly candle closure as well as the monthly candle closure of July until we can make a clear prediction. So far, everything is still possible!
Levels to watch: $20.000, $16.000
Keep your long term vision,
Philip - BasicTrading
XAU/USD H1 Channel Formation The XAU/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:XAUUSD
Key Points:
Sell Entry: Consider entering a short position around the current price of 2357, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2328
2nd Support – 2309
Stop-Loss: To manage risk, place a stop-loss order above 2370. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Tesla Next Target is Channel Top $230, 2nd Target $286, T3 $400Tesla is Trending within the "Channel". The 1st Target for Tesla is the Channel Top at $230. if it Breakout above the Channel, the Next 2nd Target is $286, followed by a 3rd Target of $400.
I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you
Bitcoin - Eventually hitting $250.000?BITSTAMP:BTCUSD is looking extremely bullish despite the recent 4 month consolidation.
For more than four months, Bitcoin has basically been moving sideways, experiencing quite volatile swings towards the upside and downside. However we should not neglect the overall bullish behaviour of Bitcoin which is still creating cycle and correction after cycle and correction. Therefore, maybe after a short term pullback, I do expect (much) higher prices on Bitcoin.
Levels to watch: $67.000, $37.000
Keep your long term vision,
Philip - BasicTrading
Gold - Should we take profits now?OANDA:XAUUSD has been heading higher and creating a strong rally; time to take profits.
Gold is still clearly bullish, creating higher highs and higher lows on the higher timeframes. But we also always have to keep in mind, that metals and commodities in general are always following anticipated economic cycles. It is actually quite likely, that after the recent rally of +30% we will now see a retracement on Gold, maybe even back to the previous breakout level.
Levels to watch: $2.400, $2.000
Keep your long term vision,
Philip - BasicTrading
Sell EUR/USD Bearish ChannelThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0700, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0653
2nd Support – 1.0634
Stop-Loss: To manage risk, place a stop-loss order above 1.0730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent formation well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2321, positioned close to the top level of channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2296
2nd Support – 2281
Stop-Loss: To manage risk, place a stop-loss order above 2340. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
🔊 Support by leaving Likes & Comments.
Thank you.
20% move on WDS incoming?WDS has formed a descending wedge with bullish RSI divergence and is also hitting support from the bottom of this channel at $27. While the channel itself is bearish WDS should still expect a strong bounce here. Wait for a break of trend and retest for confirmation and if breaks down out of channel it will continue to move lower due to bearish monthly RSI divergence so no trade. Good luck 🍀
NVIDIA - Correction after stock split?NASDAQ:NVDA has been one on the strongest stocks of the past decade with a rally of +25.000%.
Today, Nvidia had a stock split of 1:10, meaning that for every 1 share of Nvidia, you recieved another 9 shares (10 in total). Therefore, Nvidia stock price was simply divided by 10 ($1.200 / 10 = $120). Nvidia stock is currently retesting a major resistance trendline and is repeating another "cycle pattern" like we saw in 2015 and 2019. A correction is simply quite likely.
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
Nasdaq - We still have to be careful!TVC:NDQ is still retesting resistance after we just saw an expected rally of +75%.
More than a decade ago, the Nasdaq entered one of the most profitable and easy to trade patterns: a rising channel formation. In the beginning of 2023 the Nasdaq once again retested the lower support trendline in confluence with a retest of horizontal support and continued its bullrun from there. But currently resistance is ahead so we have to be quite careful and properly monitor price action on the smaller timeframes.
Levels to watch: $19.000, $16.000
Keep your long term vision,
Philip - BasicTrading
S&P500 - Where will we go next?Hello Traders and Investors, today I will take a look at the S&P500 .
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Explanation of my video analysis:
Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is neither retesting support nor resistance and the path of least resistance is simply higher.
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Keep your long term vision,
Philip (BasicTrading)
Notcoin heading to a supply zoneThe last analysis I made, there was a chance that GETTEX:NOT would break the trendlin of the descending triangle. But it didn't, so we saw a bearish move coming from it.
Secondly there was an ascending channel which implies a bearish stance which happened over the past days already. The last line of defence for $Notcoin to pump again, is an old supply zone.
If broken, Notcoin could revist it's lowest prices.
Buy AUDJPY BoJ Interest rateKey Points:
Buy Entry: Consider entering a Long position around the current price of 104.30, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 105.15
2nd Support – 105.50
Stop-Loss: To manage risk, place a stop-loss order below 103.97. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Microsoft Next High & Target is Channel Top $570, ( AB = CD )Microsoft is Trending within the Channel. Next High and Target is the "Channel Top" at $570. Additionally, the ( AB = CD ) concept indicates that the AB impulse is Equal to the CD impulse.
I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you
Gold - Another 15% rally from here!Hello Traders and Investors, today I will take a look at Gold .
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Explanation of my video analysis:
For about four years, Gold has over and over again been retesting the psychological $2.000 resistance level. It was actually just a matter of time, until we see the breakout which happened exactly three months ago. So far Gold is looking very bullish and there is absolutely no reason why this strength should turn around in the near future.
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Keep your long term vision,
Philip (BasicTrading)
LINKUSDTHi guys
It seems that we have an upward channelized trend. And currently, the ceiling of the RSI negative divergence channel has also been issued.
The support area of $17.24 is still preserved.
Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward scenario.
in case of breaking the upward trend line and losing the support range of $17.24; The downside scenario is more likely.
What do you think?
GOLD SHORT TERM BULLISH gold is currenty trading in a channel again .the overall price action is bullish .so it is sae to take a buy.Hence the gold trades above the validation area and true volume range.it indicates that gold may have chance to buy to the higher positions .technically we have to trade in side of the channel that is what technical prospective says.Apply risk do not change the plan without a good reason
Dow Jones - All time high and 20% rally?Hello Traders and Investors, today I will take a look at the Dow Jones .
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Explanation of my video analysis:
For more than a decade, the Dow Jones has been trading in a rising channel formation. We had the first retest of support and resistance back in 2011 and ever since this was a massively profitable channel pattern. With the recent breakout above the $35.000 resistance level, the Dow Jones clearly looks like the next target is once again the upper resistance of the channel.
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Keep your long term vision,
Philip (BasicTrading)