EURUSD is testing supportEURUSD is testing support level at 1.17 again. There are two theories about strong of support or resistance. One tells that more tests of level means stronger level, other tells that each next test of level make this level more weak. We don't know what will happen in this case but looking at the lower highs we could expect to break out lower.
Level
ULTA 1W CHART ULTA BEAUTY INC ENTRY LEVELAfter an RSI bearish divergence, market reached uptrend line.
Entry level is suggested over MA100 cross for a R/R of 2.4.
28% Profit in 1 year.
This is a save bet in order to diversify your portfolio
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
Potential Gartley Pattern - Wait for Point D completionReasoning:
1) Bearish Engulfing which suggests that the price will potentially move lower for the coming hours/days and eventually reach point D
2) Point D forms at a key support level and if it holds, the price will most likely shoot upwards and confirm the Gartley pattern
3) TP @ 38.2% + 61.8%
**For personal use only
SMI20 (Swiss Market Index) LONG projectGreetings, traders!
TVC:SSMI reached point IV of the bullish wolfe wave and after failing to break the resistance level(s) is heading South to point V.
If this point is reached and reversal of downtrend is confirmed by forming the local low and supported by divergence/volume/data, it can become a nice long opportunity.
GL All!