Down
Nifty going for a head and shoulders formation Nifty is forming a descent Head and Shoulders pattern and on a verge of breakdown.
From the current levels, if it breaks down, 17300-17350 is quite achievable.
Kindly note that this is not a trade idea and only an observation for study purposes only. Do you own diligence before investing.
Oil price prediction Elliott Wave Theory ShortI believe, because the prices of oil will go up in the long term, this is a corrective move, therefore labelling it ABC, it shows an almost 68.1% retracement. Showing that the price of oil in my opinion will go down within the next few weeks before making a strong upward 5 wave sequence.
DOW JONES SHOWS BREAKDOWN TRENDS - WITH POSSIBLE NEW FALLHello trading friends,
The opening of dow jones - looks to enter a new downtrend coming time.
There are also new world changes that could make this trend go into breakdown - into trading there is noting called 100% right - so on this way manage your risk at all time.
Data
Data shows that us30 depending on the last trends Ukraine and Russia - and since we have today a new call enter that Ukraine wants to come into EU - and that some countries accept that - could means this for the Russia conflict , as we know Russia never would accept this, and could be much worse - and depending on this expecting it could change the price action coming time for dow jones. there is still noting confirmed - but the step looks near.
The target could go back to 32300 and below. this could bring new fall to dow jones.
BTC follows the trend of dow jones, and we have seen this more times. what means BTC will also break down when that happens.
Coming times with this new weekly chart it's important to follow the trends.
Have a great day.
Markets go on their way, and it can take some time before it shows some new changes.
When there is expecting for breakdown trend - it means not that it should go directly to the target.
@ Peace to anyone - The war has only bad effects.
NZDCAD Possible Bearish ContinuationHere is a new SELL Scenario, i expect a bearish reversal, it can fall between 0.86000 - 0.86500
This could be a retracement or the continuation of the downtrend
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Bitcoin Short position at 41500?The price of Bitcoin is compressing and could move towards 41500$ if the downward trendline is broken. If this movement is slow and in pullback style, in the range of 41500$, we will wait for the return candlestick pattern for the short position to target of 39000$ and 36500$
whats your idea?
WE ARE HERE BITCOIN USD 2018 COMPARISONWE ARE HERE BITCOIN USD 2022 2018 COMPARISON
Bitcoin similarities with 2018ç
RSI
Moving Averages
I think we need to drop down to the 200 moving average weakly to complete the full cycle.
another 6 months of Bear market.
*unless we see a huge spike in volume so we can go up the 50 moving averages*
NZDUD - Potential Bearish ContinuationHello Traders
Here is a new SELL Scenario, i expect a bearish continuation
He is too weak to continue up
✅ NZDUSD SELL STOP 0.66300
TP1 @0.66100
TP2 @0.66000
TP3 @0.65900
SL @0.67150
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BTC Weekly Head and Shoulder PatternI've no Idea, The chart Speaks for itself.
But my opinion is, probably it's going around 30K or 31K and then it will react.
If breaks the static support below, possibility of touching 19K is not far,
And if it doesn't it will probably goes up.
These are all assumptions, not determinations.
Bitcoin - Where to next? An inverted H&S pattern? Or a big fall Reached the next specified zone
We are now between two very important levels:
- Level which "should be kept" 39-41k $. Merger of trend D1, maximum range of summer 2021, local minimum of September 2021, H4 200 EMA ,. Obviously, if / when retesting this level, the bulls must protect it to see continued growth and an uptrend D1.
- The "must break" level of $45,500-46,500. This was an area of consolidation on the way down and here is the annual opening.
Note: D1 stochrsi is still clearly overbought. It would be ideal to retest $39/41k, reset overbought.
However, it is also important to keep in mind the rise of BTC in September/October 2021. OH got to 60k without any D1 correction. Keep that in mind in case we see something similar.
I will not complicate what was written a few days ago
The levels indicated on the chart for the last few days:
- Local support (LTF) = $43k and H4 trend,
- Resistance = $45,500-46,500,
- Main support (HTF) = 39/41k$
- 39/41k$ if we break through the local support of 43k$.
- $48/50k if resistance breaks.
I wonder if we'll see alto moves like last weekend? 🧐