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Hello traders and investors! Let’s talk about AAPL today! We are in a strong bull trend, and AAPL is doing higher highs/lows in the 1h chart. I see no clear reversal or pullback sign around as well. The $ 134.58 is working as support, and it was previously a resistance. The 21 ema is quite close to this point, making it a dual-support level in the...
Hello traders and investors! Let’s see how PLTR is doing today, and do a complete Multi Time Frame Analysis (MTFA) by looking at the hourly, daily and weekly charts! This stock dropped sharply in the past few weeks, but right now it is doing something interesting. For the first time, it is breaking the bearish bias seen since it started its fall around the...
Top-Down Technical Analysis: (Similar to GBP/JPY) The monthly time frame shows a strong bullish signal as it is sitting on a very strong newly created support Weekly also is bullish biased rather than bearish as this week's candle broke the high of last week's doji (indecision) candle high and never broke the low Coming to the daily time frame we can...
Step #1 Wait for the Price to Break and close above the Ichimoku Cloud. Ichimoku cloud trading requires the price to trade above the Cloud. This is because it's a bullish signal and potentially the beginning of a new up-trend. The cloud is built to highlight support and resistance levels. It highlights several layers deep because support and resistance is not a...
Using the same chart as posted yesterday you can see how BTC price movements retested it's 50/200 moving averages. Great scalping opportunities from the first break down to now and they'll continue. Use your 5minute and 1 minute charts to confirm and ladder your stop limits on upward plays. It Looks like 50ema has slightly crossed 200 as typing. Expecting some...
Reason to Buy 1) AudUsd = Short-term uptrend 2) Rejected from 50% fibo on Daily chart 3) Higher high higher Low in 30mins chart 4) Breakout from Head and Shoulder + retest neckline 5) Butterfly pattern D point for entry ?? Stay tuned !
Price now is sitting on strong weekly support, making a higher low & is in an uptrend, I will be watching for buy positions on this pair
Potential reversal time?? I would like to see a clean break of 0.76400 first before considering a trend reversal if price does break this level I believe Aussie will move up to new highs next year !
GJ Fell nicely this week I took it at the top of its channel, now waiting for price to reach weekly support where I will look for a break below or bounce to the upside. Watch for a bullish engulfing for longs or a break of the CTL, price now may build up enough momentum to break out of its sideways channel its been moving in for some time now heading to its next...
We are still in an uptrend, however price is stuck in a 200 pip consolidation area, if price can break & stay above 1.33000 price will see its recent high & potentially break even higher to make a new higher high.. Watching closely for the next strong bullish move to the upside
Pullback done, waiting for more confirmation & a cleaner break to the upside to enter : )
Price now near support & its 4 hour uptrend line, expecting a bounce to the upside, however if we get a break & retest of this uptrend line plus support turning resistance, price could drop 100 pips. Overall we are in an uptrend & this support level price is near is a very strong weekly level that will need a lot to break through.