Alikze »» RUNE | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- According to the analysis presented in the previous post, he retested the supply area after exiting the congestion, but failed to break it.
- It is currently moving in an ascending channel in the weekly and daily time frames, which has broken the dynamic trigger.
- A head and shoulder pattern has formed in the weekly time frame.
💎 If after retesting the dynamic trigger fails to break it and breaks the neckline, it can confirm the head and shoulder pattern for a downward trend to the origin of the movement, which can have downward targets near 3.13 and 2.35 and a green box.
💎 Alternative scenario: if the dynamic trigger is broken, its first target will be $6.25 and then it can be offered after the pullback to the successful structure of breaking the zone, it can have the next targets of $9.38 and $12.5.
🛑 Resistance range: 6.25 - 9.38 - 12.5
🟩 Support range: 3.13 -2.35
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Chart Patterns
Global Liquidity Index Overlaid on S&P 500 Tracking the Global Liquidity Index with the S&P 500 helps understand liquidity's impact on market performance and predict future moves. The GLI offers a unified view of central bank balance sheets, converted to USD, excluding currency-pegged banks, with reliable data since 2007.
Rising liquidity often leads to market growth, while declining liquidity could signal pullbacks or increased volatility.
Liquidity Spikes: Sudden rises in the GLI may boost the S&P 500.
Liquidity Dips: Falling liquidity may signal market decline due to higher volatility and trading difficulties.
Divergence between the GLI & S&P 500:
If stocks rise while liquidity falls, a correction might be coming. If liquidity rises while stocks fall, the market might catch up to the liquidity increase.
The GLI indicates that risk appetite is starting to decline. High liquidity encourages risk-taking; low liquidity leads to safer investments, increasing volatility and potential market declines.
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Btc usd Bitcoin Weekly Forecast: BTC holdings of large investors surges as Trump takes the Oval Office
Bitcoin (BTC) hovers around the $103,300 level on Friday after rising almost 2% this week. Ethereum (ETH) finds support around its key level; a firm close below this would lead to a correction, while Ripple (XRP) price edges slightly down on Friday after rallying 4% this week.
GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan
The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise.
Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term.
Resistance levels: 193.00
Support levels: 192.00, 190.55
Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair.
Regards R. Linda!
The "Flippening"The "Flippening" goes back to 2017, a term coined back then referring to a possible future where Ethereum overtakes the marketcap of Bitcoin.
Should that ever occur, it would also take a larger portion of market dominance than Bitcoin
Here's a silly chart, just for fun, imagining that scenario during the current bull market.
USDCHDF Potential Selling oppertunityAccording this analysis potential selling opportunity for USD/CHF due to the formation of a wedge pattern, suggesting a possible downside movement in the short term. With the first support at 0.90040 and the second at 0.89500, these levels could serve as targets if the price breaks lower.
Make sure to monitor for a confirmed breakout below the wedge pattern and consider using risk management strategies like stop-loss orders to protect your position. you see more details in the chart.
PS Support with like and comments for more insights.
SPY BULLISH ALT WAVE COUNT The chart posted is MY ONLY BULLISH WAVE COUNT at this TIME . I AM 120 % long in The MONEY PUTS as the Bearish count is this was a wave B rally wave 3 of 5 under the bullish count and wave c of the bearish count end within 5 sp points so Both are valid . We have a major bearish signal in the a/d line . Best of trades WAVETIMER
ADA/USDT 1H: Bulls Targeting $1.04 After Break of Structure!ADA/USDT 1H Chart Analysis (SMC Principles)
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Current Price: $0.993
Market Structure:
Bullish after recent Break of Structure (BOS) at $0.96.
RSI: 51.3, neutral momentum with hidden bullish divergence indicating potential upside.
Key Levels:
Support (Discount Zone): $0.94-$0.96 (accumulation zone).
Targets:
T1: $1.02 (Fair Value Gap - FVG fill).
T2: $1.04 (Lower High sweep).
Stop Loss: Below $0.965 (recent BOS).
Smart Money Activity:
Liquidity sweep engineered at $0.96 to trap retail.
Institutional accumulation visible, likely preparing for a move toward premium zones ($1.02-$1.04).
Longer-term target at $1.12 for higher timeframe liquidity.
Trade Setup (Confidence Level: 8/10):
Entry Zone: $0.991-$0.995
Targets:
T1: $1.02
T2: $1.04
Stop Loss: Below $0.965
Risk Score: 7/10 (favorable R:R with clear invalidation).
Recommendation:
Long position recommended in the $0.991-$0.995 range.
Monitor volume at $1.02 for potential breakout confirmation toward $1.04.
Maintain tight risk management in case of market volatility.
Confidence Level: 8/10 for bullish continuation.
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EURUSD Roadmap==>>Short-term!!!EURUSD ( FX:EURUSD ) is moving near the Support zone($1.039-$1.033) and inside the Ascending Channel .
According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing the main wave 3 above the ascending channel and is currently completing the main wave 4 .
I expect EURUSD to attack the Resistance zone($1.052-$1.044) again soon, and the main wave 5 could end in this zone.
What do you think? Will EURUSD break the support zone or bounce back to test the resistance zone?
Note: If EURUSD can break the Support zone($1.039-$1.033), the lower line of the ascending channel, and 100_SMA(4-hour) , we should expect a further decline of this pair.
Note: Donald Trump's speech and the announcement of the Unemployment Claims index can affect the EURUSD trend(Tomorrow).
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Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
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SUI/USDT 1H: Bulls Eyeing $4.80 After Key Support BounceSUI/USDT 1H Chart Analysis
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Current Price: $4.42
Market Structure:
Consolidation phase following a bounce from $4.20 support.
RSI: 55.23, neutral with bullish divergence indicating potential upside.
Key Levels:
Support: $4.20 (major support zone).
Resistance: $4.65, $4.80.
Smart Money Analysis:
Fair Value Gap (FVG): Identified at $4.45-$4.50.
Order Blocks:
Bullish OB: $4.20-$4.25.
Bearish OB: $4.70-$4.75.
Trade Setup (Confidence Level: 7/10):
Entry Zone: $4.35-$4.40.
Targets:
T1: $4.65
T2: $4.80
Stop Loss: Below $4.15.
Risk Score: 6/10 (moderate risk due to range-bound conditions).
Market Maker Activity:
Accumulation seen at $4.20 support zone.
Distribution evident near resistance levels, indicating range-bound behavior.
Recommendation:
Consider long positions within the $4.35-$4.40 range.
Watch for breakout above $4.65 for stronger bullish continuation.
Manage risk carefully given current market chop.
Confidence Level: 7/10 for range-bound trading with bullish bias.
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$IWM Analysis, Key Levels & Targets for Today & MondayToday’s expected move in IW is between 227 and 232 which is a 1.19% move. We are sitting right at the 35 EMA, which has been a support level however we do have a downward facing one hour to average that we need to meet up with and turn back around, that is a really real target and that four hour moving average is there well they meet up around 225 so 225 could be a really great support level. We also have the 30 minute moving average underneath that and just the fact that it is underneath those two levels is a bar signal and above us. We do have the 50 day moving average, which we did see as resistance on Tuesday Wednesday.
$DIA Analysis, Key Levels & TargetsToday’s expected move for DIA is between 442 and 448 and that is a .58% move and underneath us we do have 35 EMA clearly a support all week. It is at the bottom of the training range and that could pull us down just because of the positioning of it but so far it is support so keep an eye on that we are extremely over bought look at stupid Willie down below, looking like a pullback is likely and again we have that one hour moving the 30 minute underneath that that in itself is Berish but the fact that the one hour is facing down it’s very likely we come up onto that sooner than later and I mean next week for DIA this week the top of the week was supposed to be at 4:41 while that is still possible that is not in today’s implied move so if you did sell 441 calls, it could be a good time to roll those out to next week, and really yesterday would’ve been a better day to do that but today still a good day to roll out and reposition for next week for a pullback