waiting for price to confirm it is ready to move bearish. Now we have news scheduled next session. I shall wait for news to pass and see how price reacts.
DG Replay of DG's Price Movement & Volume -13 October 2023 Dollar General (DG) gapped up and was up 9.16% on the day. DG's volume was nearly 3 x's the amount it was over the last 2.5 weeks. Daily Levels & Fibonacci Levels *The .38 retracement level on the daily is in confluence with the 116 daily level on the chart. The .50 fibonacci retracement level...
Since price made the first leg downwards, we had a retracement of more than 50% at fib levels, which makes grade opportunity to short. Watch for rejection First TP the structure below, Second TP after securing some profits at a level below at the order block.
The price made a break of structure made a push higher and now came back to the Fib discount levels between 50% and 61.8% touching the order block that created a big move. TP is showing on the screen with R:R 3.
Based on Fibonacci levels and range here near the 29K$ resistance zone we can expect a short-term fall here at least to the first two Fib levels which are: A. 0.236% Fib: 26140$ B. 0.382% Fib: 24400$ then if these Fibonacci levels hold Bitcoin will continue pumping and the bull market will lead once again. DISCLAIMER: ((trade based on your own decision)) <>
🗺️ We mapped out 2 ABC patterns for BTC to complete up NYC Open Thursday morning. 🥇 The Blue pattern we feel is the more likely, and the yellow our 2nd choice🥈
Hello traders. GBPJPY has performed a quite bullish price action. But the market makers' game is usually trapping the retailers on Mondays and reverse the trend later during week. So, I am sceptical. The pair definitely needs corrections and that is not only an opinion of mine. It is overbought so many big players will close their profits pretty soon. However,...
Update for gold. Negative US data impacted on this chart. Some may see it as an elliot wave theory approach in the 4H chart with waves 2 and 4 pretty small. The fact is that the pair is now bullish. So, the three green line are in my view the key support levels for intraday trades especially the 1730 zone which is in confluence with 0.5 Fib...
I think these are nice possible short trades on hourly. The first one I see is price pullback to around ~1356 and I set stop loss of 1.25% for this, this is a bit risky and can be tighter but I'm ok with entering with small position here. I'm looking for first TP around ~1325, which is one of the target I got from this fib. The second one I see is possible...
📈 Bitcoin today has bounced off the 200 EMA on the 4-hour chart, for the third time in its most recent channel. 🏗️ We laid out the relative Fibonacci Levels, for if Bitcoin continues its trend of bouncing off the 200 EMA. 🏗️ Currently BTC is right at the 50 EMA for the 1-Day Chart. This is an important level, so for BTC to close a 4-hour candle above it, will...
clearly im not making this up never thought nifty was technical almost all the time so next time maybe when the new variant of corona comes up you know what tool u need to use 😁.
This chart is similar to the chart for WISH, in my opinion. Similar, yet holds a few critical differences- primarily, the trend line placement & consolidation since March 29th. It looks to me like the price consolidated in this wedge, is being held up, formed a bull flag, came back down to touch it, & in doing so has consolidated further on the fib levels of a...
In the bigger picture we might see a retracement down to the 0.168 fib level around 15k. This would still fit in the picture of a potential falling wedge pattern, which (when breaking out) would flip us bullish again. There is also very little support between here and ~14k, so if our support around 20k (previous bullrun's top) would fail, we are likely to visit mid-10k's.
This analysis is fairly straightforward. Carvana (CVNA) is nearly fully retraced. Momentum downward is slowing, multiple indicators are showing a bottoming pattern, and open interest in calls is increasing. Although the price can still fall another 10-20% to the low, it's likely that a bottom is near. This is an obvious choice for long-term investors who want to...
After breaking the downwards trend to the upside, the $BTC price has crashed back down into the wedge, forming a small bear flag inside. IMO this is showing that the mid-term pattern that $BTC has been in will break to the downside. This will possibly be a big "fake-out" for bears and might cause some sort of a short-squeeze situation. In anticipation of that, I...
Hello everyone, in todays analysis on EURGBP, I am looking to go long once market opens with a tight SL. I am looking for price to get to 0.8300 before shorting as market is trending on an ascending channel. If price fails to push up to this zone and breaks the trend line below, I will look for a short position. Good luck and have a successful trading week. DYOR...
Crypto Traders, Appreciate you taking the time to view my TA, which hopefully provides an alternative perspective. Please be sure to “LIKE” if you indeed find my analysis useful and/or want to share your opinion. Analysis: @ $3044 to $3000 Need support validation, which we have multi bullish confluence if support holds w/in region. If support is validated, would...