AAL: Travel is Back!American Airlines
Short Term - We look to Buy at 13.78 (stop at 12.30)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 13.40. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to buy into dips close to the 13.40 level.
Our profit targets will be 17.89 and 19.00
Resistance: 18.00 / 21.00 / 25.00
Support: 13.40 / 11.00 / 9.00
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Higherhigh
AMD Double BottomingI believe AMD is showing positive signs of strength. AMD has taken a beating with the rest of the market and has come down to a major support level at about $86. It has tested this level twice and bounced away from it forming a signature "W" pattern. Should the pattern play out, the projected target is twice the length of the middle hump. The level is calculated to be about 115 for nice round numbers. That level also happens to be home to the 100SMA and another downtrend resistance. Looks like a nice target to me. I also see strong volume suggesting accumulation could be occurring.
Beware the pesky 50 SMA trying to ruin all the fun. The price has rejected this average several times already. If it rejects this time, the pattern would be more likely to fail and resume the downtrend. NOW OR NEVER, AMD!
BTCUSDT needs to create the new Higher high!
the price bounced on the 33k area on the monthly support and got the liquidity until the 0.382 Fibonacci level as new resistance.
On the weekly timeframe, the price is testing the dynamic support.
On the daily timeframe, the price had a breakout from the dynamic support and now the price is testing the previous support as new resistance.
On the 4h timeframe the price had a breakout from the falling wedge and now it's trying to create a new higher high.
How we can approach it?
For a bullish scenario, the price needs to create a new higher high from that area above the 0.5 Fibonacci level (41k) with volume and momentum.
IF the price is going to lose the 4h support we could see a new bearish impulse until the next demand zone
GOLD- bull flag on weekly Hello everyone
As I explained last time, there was possibility of lower prices here,and well we had a small bear flag on 4 hours .As for this week, we might have a small swing to the lower channel and a touch on 1920$ as the context implies we may face a steep bear market in the future, but for the structure on weekly, we have big bull flag and on daily If current support level hold the price we will have higher high's, and can see better future for XAUUSD.
Current support level 1930$, key support level 1920$, and our resistance level is 1960$.
BTC SHORT TERM DOWNTREND???BTC failed to break middle of gann box from the middle of the trade.
Gann box is veryy good tool used for entries on downtrends( when there isnt much supply or demand zones)
Everything above the middle of it is considered espensive and everything below is considered good to buy.
They should be used with trend and current trend for last few days was bearish so it confirms the move i think btc will go to.
Also zone on 1d timeframe that caused higher high wasnt reached(1d demand zone on chart) 37.5-39k area and is most likely to be tested.
After it gets tested uptrend may continue and maybe even bullrun.
All this is also confirmed on USDT.D chart which you can look more about here.
BTC VOLUME IS VERY LOW THESE DAYS SO YOU SHOULD BE AWARE THAT IT CAN HAVE SOME LIQIDUATION WICK
Is The Higher Low Forming?This is an update to my previous in depth video analysis of the Nasdaq. It looks like there is a possible higher low forming which could indicate the the underlying uptrend is resuming. I do however believe that there is still a strong possibility for a larger leg to the downside. Watch the video to see what I am looking at.
Long Position NZDUSD 4HLong position established on the NZDUSD 4H
Price has recently made new highs
Bullish trendline touched and held +3x
Retracement to the 50% Fibonacci level
Price held at an area of previous structure support
MACD signal line just about made a new high relative to the most recent push higher by price
Bullish pin bar held at the 50% retracement followed by a higher high, higher close.
Entry price: 0.68441
Stop loss: 0.67940
Take profit: 0.69833
AUDCHF BullishWhen the bullish downtrend breaks resistance we can call it a reversal movement plus the chart made a new higher high point. However, we need to wait until new smaller bullish pattern shows up. After all those expectations goes exactly same as i predicted, then we can finally open a long position with risk entry.
EURCHF Change of Trend (BOS)EURCHF has managed to create a BOS (Break of Structure) two times over, indicating it may be time to start thinking bullish.
I am looking for entry points around the area of demand that managed to group enough orders to break the new found recent high.
Keep an eye on the lower timeframes for indication of a move.
BTCUSDT needs to create a new Higher HighBitcoin close above the 40k on the weekly perspective, it's a good sign.
On the 4h time frame, the price failed to create a new Higher High of 43k.
We could see a bullish scenario if the price is going to create a new higher high with volume and confirmations as I told you in the previous analysis. on 43k we can see the supply zone.
Otherwise, if the price is going to lose the 40k support and retest it as new resistance, the next support is the 37k.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BTCUSDT needs the new Higher High!the price had a nice reaction yesterday due to the FOMC and now the market is testing the weekly resistance as new support 40660 it's an important level for Bitcoin.
On the Daily timeframe, the price is trying to create a new Higher High above the 4h resistance (42k)
On the lower timeframe (4h) the price is trying to have a new breakout from the pennant.
How to approach?
The price needs to create a new Higher High on 4h Timeframe above 42K with confirmation and Volume. Otherwise If the price is going to lose the 39k, The previous scenario (the short one) comes back and the next valid support is 34-32k
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
NZDCAD AAD bullish If you take a look at the chart it shows that perfect sample of DOW theory, when the trend breaks out the previous high point and makes the new higher low point, then it might be the sign of that trend has been reversed but we cant open a position immediately. It is always better that we wait until the price comes back to the trendline and check the resistance (it gives us the opportunity that can open a position with higher R&R ratio plus much safer trade.
BATUSDT is searching the new higher lowThe price created a dynamic resistance on the daily timeframe and after a retest of the monthly support, the price had a breakout from the static daily resistance.
On the 4h Timeframe, the price is testing the 4h resistance on 0.75$ and got the first rejection. We could see a retest of the support on the 0.72$
how to approach?
If the price is going to confirm the breakout, we can add to our watchlist and wait for applying our rules for a new long position
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.