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GBPUSD, Bounced At Neckline, Determining Important Zones!Hello, Traders Investors And Community, welcome to this update-analysis about the price-action in GBPUSD, and therefore the resulting conclusion we can examine for the further sequence of price-action. As I pointed out in the past GBPUSD analysis the price formed an overall head and shoulders formation which confirms to the upside or downside, I also gave the conclusion that a break to the upside will be more in the spectrum of a likelihood because of some important factors, however, the bearish scenario was also given but now we have a good confirmation building the upside potential in GBPUSD. If you did not see the analysis already I recommend that you watch it to have a full depth-overview. When looking at the given information now we can gaze that GBPUSD has touched the neckline of the head and shoulder formation and formed a bullish hammer candle there which is a strong bullish reversal candle and can be watched in all time-periods. As you can see in my chart the price bounced already several times at the rising trend-line of the neckline to form it as a solid support level. Currently, we saw some good bullish continuation candles after the initial bounce of the neckline, overall it is possible that we will visit support-line of the neck-line a second time to confirm it, in all occasion we can expect that GBPUSD will go the way up to the targets you can see in my chart. A stable confirmation will be when we cross above the 1.24836 level, in this case, it is possible to open a long position here with a stop-loss below otherwise more aggressive traders can trade the formation with immediate entry and stop-loss below the bullish hammer candle, In the occasion to trade this current set up properly it will be a wise decision because of the risk-reward is good in this case and after the strong confirmation of the neck-line, the likelihood and possibility that we visit the targets increased dramatically. The first target is at 1.26373 which will be reached when we cross finally above the 1.24836 level and after that, we can count on the final target of the structure at 1.27558, you can see both targets in my chart. Thanks for watching, support for more market insight, and a good weekend, everybody! ;) Astonishment is the basis of reverence. In this manner: FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets.
by VincePrince
15
NZDUSD, Moving In Channel, Test Of Higher Boundary Remaining. Hello, Traders Investors And Community, welcome to this meaningful analysis about the current price-action building in NZDUSD and the overall formation resulting out of it. There are some relevant signs which are indicating to me a minimum test of the higher boundary of the channel we are currently trading at the moment. Also what we need to know is that after such a consolidation period we usually get an intense breakout either to the up or downside. In the scenario, for NZDUSD there is a higher tendency for a break-out to the upside. We are looking at the locally 4-hour time-frame. As you can see in my chart NZDUSD is trading in a bigger ascending-sideway-channel where the price is consolidating to the upside. Usually, such a channel is more bullish than bearish but a possibility of a breakdown to the downside still remains and needs to be watched if confirming. But currently, we have a higher likelihood that NZDUSD will confirm the support-cluster you can see in my chart when touched. This can be traded conservative or aggressive, the conservative approach will be smarter here. Furthermore, we have the two major important EMAs coming together in the zone at 0.60538 as you can see marked in my chart with the grey trend-line. They are close to a bullish crossover but either we did not confirm above the channel I don't see it coming so soon. The next support building in this area is the logical support-line which is formed from the highs we had in the previous trend which makes this level a significant support-cluster which will be highly likely confirmed bullish when touched. The importance is here that we confirm it as solid support with clear confirmation to the upside otherwise the price can still bounce at this level come back bounce again and finally moving below that level, therefore, it is important with which momentum we touch this zone, overall we can say that the channel will be confirmed and for now there is a higher degree of liability for a break to the upside but this can change when we get major bearish signs inside the channel which indicating supply and bears entering the market. Thanks for watching, support for more market insight, and a good weekend, everybody! ;) Enlightment is under our feet as well as over our heads. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
by VincePrince
1
GBPJPY, Bounced At Key-Level, Suggesting More Upside Potential! Hello Traders Investors And Community, welcome to this analysis about the current fundamental and important price action and its structure occurring in the GBPJPY contemplating further outcome, there are some important and meaningful signs which are indicating that we will continue with the overall trend with which we began after bouncing at the key-level at 124 when the smaller correction has completed. When looking at my chart we can see that GBPJPY is at the moment correction the heavy up-ward movement we have seen from 124 to 135, this is natural and will occur in a trend, the question now is if it is just a smaller correction or a reversal to the downside, this can be answered when looking at the overall heavy volume and momentum with which the upward-move occurred, therefore, it is not a weak move and this is implying to us that a continuation to the upside is within the possible spectrum. As you can see the next significant support is at the 128.6 level which is marked in orange, when we visit this level we will highly likely bounce there. If this occurs like imagined we can see the uptrend approaching the higher resistance level at 135 which you can see marked in grey and the important 50-EMA in orange which is still resistance but can be taken out, these levels building a logical resistance-confluence zone which we will first test after moving possibly higher to the bigger falling resistance line you can see marked in blue. Overall we can keep in mind that the bullish trend established from the key-level can continue but that has to be confirmed rightly and for a further continuation with a new high in the structure we need to take out the important resistance-zones already mentioned. This structure can be traded with an aggressive entry after the support-level touched or with a conservative entry after confirming the continuation trend with the proper volume and momentum. Thanks for watching the analysis, support for more market insight, and all the best. The market will teach us when to enter and when to keep patient. In this manner: FAREWELL Information provided is only for educational purposes and should not be used to take action in the markets.
by VincePrince
7
AUDUSD, Rising Trendline Broken, Will Test Remaining Resistance!Hello, Traders Investors And Community And welcome to this analysis about AUDUSD and its current situation in the remaining weakening up-trend, there are some important signs I detected in the current price-action AUDUSD is showing us. We are looking at the 4-hour local time-frame. AUDUSD is still in an overall uptrend but the price begins to weaken therefore we will test higher levels and to continue with the trend AUDUSD need to establish stable support here. Lets go! When looking at my chart we can see that AUDUSD is still trading in an overall bullish trend but currently and seen in the last days and week the trend begins to struggle as we are approaching several resistance levels this is why AUDUSD crossed the first trend-line already successfully to the downside as you can see in my chart after that happened AUDUSD wanted to test higher levels and finally formed a new higher high with a second trend-line which got broken just the last days as you can see it in my chart. The big common ground in both breakdowns is that AUDUSD actually tested the trend-line before moving a little bit down and confirming the 200-EMA as support the same will happen now again as the trend is weak on the short-time scale although the difference now is that what was the 200-EMA to test before is now the 100-EMA, you can see this scenario in the chart. Furthermore, as we have still serious support in this area minimum the test of higher levels is in the possible spectrum and shouldn't be ignored. What we need to know now is that the next important resistance is at the 0.65569 level which you see in the chart marked with the grey trend-line, it also matches with the rising blue trend-line and building a logical confluence-zone there. After that we can get the next confirmation at the 100-EMA and moving higher to test the second grey resistance level at 0.67058 to form a possible higher high, it will be a similar mechanism to the higher high we have formed in the previous uptrend as you see it in my chart. To continue with the overall bullish trend we have to establish more support in that area and hold the range otherwise we can still fall down as the global momentum begins to slow down and the bulls weakening, the first big confirmation in this scenario will be when we confirm below the 100 and 200-EMA and form a bearish cross this will be a stable signal to open a short position otherwise we are still remaining in the bullish trend and need to look if and how it can continue with the bullish scenario. This should give you a good overview of the situation, have a good day, and support for more market insight! “All I have seen teaches me to trust the Creator for all I have not seen.” In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
by VincePrince
5
GBPUSD - Possible H%S Forming, Breakout Will Determine Target!Hello Traders Investors And Community, hopefully, everybody of you is doing well in today's market environment and welcome to this analysis about the current price action and formation forming in the GBPUSD, there are some interesting signs which I detected and make it clear that we will get a heavy breakout either to the up or downside, both scenarios can be traded properly after the initial confirmation. We are looking at the locally 4-hour time-frame. When looking at the chart we can see that GBPUSD is still in an overall uptrend with a consolidation currently occurring since 26th march, I detected that the overall current consolidation is a potential head and shoulders formation, you can see its market in my chart with the blue neckline and its left shoulder, head, and right shoulder. The big importance of this formation is that it needs to confirm to be fully validated and to point the right target out. The next time we can expect a touch of the blue neckline as you can see it in my chart. After this touch, we can expect GBPUSD breaking out in the bearish or bullish direction, the good thing now is both cases can be traded with entry after confirmation! The breakout has to be confirmed with high volume and in the best case with high momentum. After the breakout and confirmation happened we can set the trade with the proper target. It will be interesting to see how it will play out. Currently, there is a higher potential given that we will break out to the upside because we are moving in an overall uptrend with its origins at 1.4118 before we built momentum to the point now, the bullish scenario will be 100%ed confirmed when we cross above the blue 100-EMA you can see in my chart. But please note that this does not necessarily play out, it is also in the possible spectrum that we confirm bearish as the correction takes longer than expected. Thanks for watching, have a good start of the week and support for more market insight! Let the market decide, it knows when to take off or break down. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
by VincePrince
1
EURUSD, Confirmed Triangle, Building More Upside Potential!Hello, Traders Investors and community, welcome to this analysis about the price action happening in EURUSD, I discovered some significant events happening the past days which will affect price-action further the next time. We are watching on the daily chart. When looking at my chart you can see that EURUSD traded in a huge triangle which finally confirmed to the upside. This triangle had also the potential to break to the downside therefore it was very important to wait for the confirmation in this structure. As you can see in my chart the upper boundary of the triangle confirmed with a very nice bullish engulfing candle that shot the price from 1.0835 to 1.09685 in just one day which is a highly bullish sign. We had also a second confirmation at the 100-EMA which built a logical confluence-zone together with the upper boundary of the triangle and after that, the price came above the 350-EMA which is at all a good structure for further continue. We can expect a second confirmation of the 100-EMA the next hours and days as you can see it in my chart, from there EURUSD has definitely room to move higher. The next meaningful resistance-zone is at 1.10567 which you can see in my chart after we approach this level EURUSD can move higher 1.11489 level which has build resistance from the top of the triangle. The overall structure still looks decently bullish and we have definitely room to move higher, will be interesting to see how we advance. Thanks for watching the analysis, have a good day, and support for more market insight! ;) "Science is organized knowledge. Wisdom is organized life." In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
by VincePrince
2
AUDUSD - Two ways one outcome! Hello traders, investors and community. Today i will take a bullish look on AUDUSD and what the chart is showing me, the absolute high probability signs for some bullish outcomes. On my chart you see the daily price action of AUDUSD. AUDUSD is just about to form a massive bottom formation with an descending triangle about to complete. I detected it and it is marked with the red trendlines, price is still remaining in the triangle. It is for sure that it will break out and form some bullish movement, the question is when it will complete. In my chart you can see that price is touching the upper trendline of the triangle, it is possible that we break out of the channel the next time otherwise price can still remain in the triangle and touch the lower trendline before it breaks out. Also AUDUSD had some good volume, (over average), in the last bull-wave which you see in the chart. There is a huge support zone at 0.64 - 0.69, that if we come back to this level there is a high probability for some good support in this area. Also you see this huge bullish dragonfly doji formed on the 3th of january, this shows how storng and important that support level is. When we break out of the triangle without coming back again! There is a target projection which you see in my chart. This target will be intact when we break out and confirm the triangle. When you see the light blue striped trendline where the target remains you can see that it is EXACTLY the point of resistance of the previous bear moves till we reached the bottom. You can see it marked with the dark blue square. If we remain in the triangle and breakout later the target will be a different price but the same length! The RSI shows me that we had some oversold condition before the two last bull moves began, it can come back to the trendline and form a bullish divergence. I am expacting this to happen either when we break out of the triangle now or when we remain in the triangle and confirm the lower trendline. This i only educational information and should not be used to take action in the markets! Peace and love to everybody!
Long
by VincePrince
8
GOLD, This Formation Is A Decisive Factor In The Current Pace!Hello Traders Investors And Community, welcomt to this analysis where we are looking at GOLD 2-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to handle the situation. As GOLD provided a massive bull market to the upside with heavy volatile bullish moves we should not be naive and expect it to go on forever as the market is oversold the logical follow-up normally after such phases is minimum a correction when not bigger pull-back, therefore we should not keep the bearish scenario by side and look at the current circumstances to wage possibilites in the right manner. In this case I detected some important signals in the current situation which will determine GOLDs outcome. Looking at my chart you can watch there that GOLD is building up this rising-triangle-formation which is in the most cases a bearish formation which shows outcomes to the downside and continuation ahead, as the price already confirmed below the lower boundary which is marked in blue in my chart this gives the current price-action another confirmational bearish edge. All these signs giving a higher possibility for continuation to the downside till there is solid support found which is firstly the 100-EMA you can watch marked in red in my chart where GOLD can stabilize and reverse to continue with its upside course, when this does not happen and GOLD falls below the next crucial support will be between the 1975 and 1980 level marked in orange. Taking all these factors into consideration we can come to the conclusion that GOLD can defnitely provide continued bearishness on the short-term but that does not mean GOLD is completely bearish further only when it does not manages to hold important mentioned support bases and falls below them there can come more bearish pressure and continuation to the downside till then the bearishness remains only on the short-term-perspective. But the estbalished bearishness and follow-up should not be ignored as it can also increase in such environments. In this case it will be highly important to look further and see what GOLD will do when it arrives on the remaining support bases to test them and if there is bearish continuation ahead or a reversal in the range. In this manner, thank you for watching, support for more market insight and have a good day! “Trading effectively is about accessing possibilities, not certainties.” Information provided is only educational and should not be used to take action in the markets
TVC:GOLD
by VincePrince
17
S&P 500, Stock-Market-Declines Not Yet FINISHED!Hello, Welcome to this update-analysis about the S&P 500 Index. Now we are looking at the more global 2-day timeframe perspectives since the main head-shoulder-formation that I mentioned in my previous analysis before already completed and reached out to the lower targets in the structure already the more global perspective also got affected by this dynamic. The economic view for the stock market has accelerated negatively since the bearish declines emerged as the FED is looking to decrease its balance sheet, stop asset purchases, and possibly increase interest rates over the course of 2022 as announced. This economic view is bearing a bearish sentiment and as looking on the 2-day timeframe perspectives the technicals point toward the same as seen in my chart the Index is forming this massive head shoulder formation with the left shoulder and head already completed. Now as the Index approaches several upper resistances given by the volume profile resistance area, the descending resistance line together with the 20-EMA as resistance which was previously support and a local resistance given by price action there is a high likelihood given that the Index pulls back from here to complete the whole formation with a breakdown below the neckline which will cause further bearish declines to accelerate. In this case, the Index will activate the lower target zone as seen in my chart and from there on the situation needs to be elevated again, if the Index forms another bearish formation in this area a continuation will also not be unlikely, it will be an important journey ahead. In this manner, thank you for watching the analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
11
Money-Printer UP, Inflation UP, The S&P 500 UP?!!Since the corona-pandemic lows seen in 2020 last year after the heavy market crashes the stock market and other important asset classes managed to recover in a strong manner, this was no wonder due to the fact that the money-supply increased in a way never seen previously in history to astronomical highs all this inflated money moving into the stock market and driving prices higher in an asset-price-inflation while the real economy still struggled to maintain this growth rate there reasoned a crucial gap between real economy and the stock market. All these events with the accelerating money stock shooted the inflation to the upside with a nearly 6.1% inflation in the US and in other countries including the european area also seeing higher and growing inflation rates. With the fact that production is still not what it was to pre-corona times meeting an increased demand with an increased money supply this is lying the ground for this devastating inflation rate, also when considering this assumption it has to be noted that it is not necessarily out of interest for the governments to stop the inflation as with ongoing inflation the depts states have been decreasing as together with the inflation the dept also simultaneously decreases, for now, we are already in dangerous terrain and if this inflation should accelerate further this can show serious outcomes with a crash upcoming not to be underestimated. Taking this into consideration together with the technical assumptions as when looking at my chart we can watch there that the S&P 500 is already in a overbought condition with the RSI moving into the overbought zone, besides that we can see this huge ascending-wedge-formation forming with the waves A to C almost already completed, now as the SPX appraoches the upper boundary again this is likely to result in a pullback to the downside from where the SPX continues with the wave-count and development of the wave D in the structure to continue with the wave-E and then complete this whole formation bearishly. A bearish completion of this decisive ascending-wedge-formation would mean that the SPX will move on to lower levels. In this case the real economy growth rate and the stock market growth rate can meet to the proper condition. Nevertheless with a growing inflation and the inflation as it is up now together with the money stock increasing this is likely to bring fuel for a growing stock market also in the future, nevertheless, this is highly dangerous as such diverging circumstances can also lead to shifting dynamics with a gap in the financial system not functioning right like in the financial crisis in 2008 which will lead to the market crash, also a galloping or hyperinflation can lead to such shifting dynamics in the economy that lead to a crash. All these assumptions need to be considered in this market and therefore we are looking how it moves on and be prepared when important alterations set in. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
22
EURUSD, Moving In Triangle, Upside Breakout More Possible!Hello Traders Investors And Community, welcome to this update-analysis about EURUSD where we are looking at recent events, the current price-structure-formation and what we can expect the next days and hours from EURUSD . The last time I mentioned this pair we I forecasted the huge bullish trend which brought EURUSD from almost 1.1 to its high at 1.41 with a decent growth where it confirmed resistance now and formed a smaller pull-back into the range between 1.117 to 1.33 where it is consolidating and building a range if you did not saw this prediction I highly recommend to you that you look at it when going to my account. For now, there are some interesting and decisive signals I detected that can determine the further outcome of EURUSD , therefore we are looking at the 4-hour timeframe. As you can see in my chart EURUSD is trading in the range between 1.117 and 1.33 where it is forming a triangle currently that is marked in blue within my chart. This triangle will confirm either to the up or downside and the big question now will be in which direction the breakout occurs for a better trade entry and possible opportunity spotting in the structure. As EURUSD has some good and solid support at the 150-EMA you can see marked in black in my chart and furthermore the 23.6 % Fibonacci-support in that level it has some healthy support in this range where it will have a hard time moving below and confirm it to the downside, therefore the bullish confirmation scenario is more possible at the moment as you can watch it marked in my chart with the percentage probability. The breakout can be traded either aggressively with an immediate entry in the triangle before it even confirmed or conservative with the confirmation of the triangle when the decisive volatile move occurred. As the triangle has not yet confirmed it is wiser in such a situation to wait on the confirmation before placing the trade, although the bearish confirmation is still possible the probability is really marginal therefore a long-position open when the triangle has properly confirmed to the upside will be the best decision in this environment. When the more likely bullish scenario has confirmed properly the targets will be at the 1.14 level which is also the upper boundary resistance that you can see marked in my chart with the orange level. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! Success is a science; if you have the conditions, you get the result. Information provided is only educational and should not be used to take action in the markets.
by VincePrince
3
EURUSD, Triangle Targets Reached, Possible Continuation Ahead!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the EURUSD, the recent events, the targets which were reached, and what this means for the further development of price-action to look for possible profit-opportunities. The major triangle I mentioned in the previous analysis which was build up in EURUSD finally confirmed the more possible breakout to the upside and the complete upside targets where reached fully as you can watch in my chart, for now the price is shooting some more above the overall targets which are normal but besides that, there are some other important and meaningful factors I detected which need to be taken into consideration for further development of price-action here. Initial Analysis According The Subject (4-Hour Timeframe): As you can watch in my chart EURUSD just sowing some bearish supply entering the market with a big red candle which can indicate a correction coming up which can be a normal correction to Fibonacci-supports on the way or a bigger correction where the further support levels which are the 100-EMA in black and the horizontal support at 1.14 need to be tested successfully. Overall EURUSD is still holding up a strong bullish trend which was increased by the bullish triangle breakout, therefore it is within the possible spectrum that EURUSD holds this bullishness to test remaining resistance levels higher in the structure when the support can hold and when there do not enter any solid bearish signs which invalidate this continuation. As you can examine when looking at my chart is that EURUSD is trading near its 2020 established yearly high at 1.495 which can be a potential target when EURUSD holds the range, therefore it is important that the pair confirms support either at the orange 1.395 level or at the black 1.37 level before moving up higher, when EURUSD shows up bullishness in these support ranges it can be a good place to enter a long position here with targets above, this can be done aggressively with immediate at the support or conservative with entry when there come bullish signals to the surface, although the conservative approach is the better one here traders should decide according to individual risk-preference. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! The past, like the future, is indefinite and exists only as a spectrum of possibilities. Information provided is only educational and should not be used to take action in the markets.
by VincePrince
5
EURUSD, Major Head-Shoulder-Formation, Completion Incoming!Hello Traders Investors And Community, Welcome to this analysis about EURUSD, we are looking at the weekly timeframe perspectives. The pair recently already showed up with initial bearish volatility on the local perspective that should not be underestimated. Besides that as I discovered now EURUSD on the more global weekly timeframe perspectives has established this major head-and-shoulder-formation with the left shoulder and the head already completed, the volume also matched so far with the left shoulder setting up the volume while the top of the head did not reach the volume formed in the left shoulder followed by increased volatility with also increased volume to move on with the right shoulder in the structure. Taking these factors into consideration and with the fact that EURUSD is now also below the 20-EMA marked in red in the structure, the head-and-shoulder-formation is likely to complete within the next times with the right shoulder and the breakout below the neckline. This will be the confirmational setup finally completing the formation and activating lower downside targets within the 1.308 to 1.372 level. When EURUSD reaches these levels it has to be shown if it manages a stabilization from there or continues further bearishly. For now, the bearish perspective should not be kept by side as the head-shoulder-formation has a high possibility to complete within the next times, it will be an important development. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "The key to success is to focus on goals, not obstacles." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
19
MSFT, Breakout Of Flag-Formation, Possible Continuation Ahead! ________________________________________________________________________________________________ Hi Traders, this is a signal I give to you for free today. Support will be great with a like and follow when useful. ________________________________________________________________________________________________ It has recently broken out of the bull-flag formation, therefore the price has some potential to move higher. The minimum target is 225 but has more room. ________________________________________________________________________________________________ ENTRY: 210-215 MINIMUM TARGET: 225 STOP LOSS: 197 MINIMUM RISK REWARD: 1 REASON: Bull-Flag Breakout ________________________________________________________________________________________________ In this manner, thank you for watching and support for more market insight. Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________
NASDAQ:MSFT
by VincePrince
11
BERKSHIRE, Weaker Than Rest Market, Provides Possible Bear-Flag!Hello Traders Investors And Community, welcome to this analysis about recent events, the current price-structure and what we can expect the next days and hours from BERKSHIRE one important stock under the 10 biggest in market cap in which I found important and significant signals which will determine the further outcome sustainable. As the overall market recovered from the corona-breakdowns this year a major part of the market is at its all-time-high level which is not the case with BERKSHIRE as we it is providing a weaker picture than the average market this can increase the next times when BERKSHIRE due to expanding possibility for a new corona-wave and the resulting restrictions which can affect the market meaningful therefore we are looking at the 4-hour locally timeframe. As you can examine when looking at my chart is that BRK.B is trading in a huge parallel channel that is marked with the blue lines and since the main average market recovered from the corona-breakdown BRK.B just provided a consolidational phase which can end up in a bear-flag when confirmed properly. As the stock trades below the important 100-EMA which you can see marked in my chart in green, this is a significant local resistance level which will be highly likely confirmed as those when touched in this level as you can see the outcome pronounced in my chart after this scenario has played out we can expect the stock to test the lower boundary of the huge possible bear-flag in which it is trading currently. After the stock has touched the lower boundary a third time we can anticipate that it sets up to form the final wave E of the possible bear flag wave count which will complete the count at the bearish confluence-cluster you can see marked in my chart in red, this level is building a logical resistance with the rising trendline in light-blue, the upper boundary of the channel and the 800-EMA in black. These factors make the zone between 208 and 212 a strong resistance zone and it is within the high likelihood spectrum that it will be confirmed as such one when touched in the area. After this has happened the stock can confirm the bear-flag to the downside when there do not come any bullish signs which will invalidate this scenario further. Overall we have an unstable situation within this stock at the moment as the average other market is near its peaks BRK.B is consolidating far below these price-levels. As we have seen higher volatility to the downside in the market due to new upcoming corona-fears this can increase the next time and provide a more bearish environment also in the rest of the market, therefore, this scenario shouldn't be ignored and kept as the more possible one at the moment when there do not come any other bullish signals which will increase the likelihood for a more bullish environment again. Therefore we should be prepared for a possible continuation to the downside and take proper action when it happens to take profit out of possible opportunities arising out of it. In this manner, thank you for watching, support for more market insight, good day, and all the best! The ambition to transform opportunity into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.
NYSE:BRK.B
by VincePrince
14
WTI OIL, Establishes Major Triangle Formation, Next Steps Ahead!Hello Traders Investors And Community, welcome to this analysis where we are looking at CRUDE OIL 4-hour timeframe perspective, the recent events, the current formational-structure, and what we can expect from CRUDE OIL the next times. As CRUDE OIL has recovered from its breakdowns seen this year to almost 0.00 USD which I mentioned the day this historical OIL crash happened we need to see if this recovery is serious and healthy on or if it just moves to note at lower levels again. As many experts stated such a major oil breakdown can happen again when the supply and demand balance does not move sufficiently and such shocks happen again. Furthermore, I detected some interesting and worthwhile technicals in the 4-hour chart which can determine the further outcome and go on to affect it also in the higher timeframes. As you can watch in my chart marked with the blue lines CRUDE OIL formed a major rising-triangle-formation with several confirmations of the higher and lower boundary where it recently confirmed with a protracted bearish move below the lower boundary which overall confirms this formation which is normally a bearish one and therefore more downside, furthermore, it is possible that CRUDE OIL forms some up-moves the next times to confirm the lower boundary as you can watch it marked in my chart before going on to look for downside targets. In this case it is important that CRUDE OIL shows bearish signs when the lower boundary has touched and moves to continue downside otherwise it can move higher and possibly invalidate the triangle which is not high at 30 % possibility but it is given therefore it should not be ignored. As you can watch also marked in green in my chart the 100-EMA which held the bullish trend to the upside now broken to the downside and therefore another validation for bearishness in the short-term. When CRUDE OIL falls below the 800-EMA marked in black also this can cause more bearish pressure and activation not only of the minimum-target-zone you can mark in my chart but also of lower levels. This formation structure can be traded either with immediate aggressive entry or conservative after the confirmation has occurred as there is still a small possibility given that the triangle invalidates the best way will be the conservative when the decisive confirmation has occurred. When CRUDE OIL moves on it will be highly interesting what it will do further and also on the higher timeframes as there are still some important signs to look at upon. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Trading effectively is about accessing possibilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
TVC:USOIL
by VincePrince
16
BTC - Medium-Term View 🔎Greetings, TradingView Family! This is Richard, also known as theSignalyst. 🏹 From a macro perspective, as per my analysis from yesterday, it's evident that BTC is approaching a significant weekly support zone: Additionally , as I mentioned last week, BTC appears to be nearing the end of its correction phase: 📌 To signal a bullish momentum shift in the short-term, we should look for a decisive break above the last minor high marked in orange, which is approximately around 26,330. Furthermore, to establish medium-term bullish control, it's crucial for BTC to surpass the 26,800 level. 📉 Meanwhile, BTC would be overall bearish and can still trade lower to test the 25,000 support, especially if the last orange range is broken downward. 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
by TheSignalyst
14
BTC CME GAP IDEAS 📊💡In the world of cryptocurrency, Bitcoin (BTC) stands as a cornerstone, continuously captivating the attention of investors, traders, and enthusiasts alike. As we venture into the next few months, the Bitcoin market is marked by both excitement and uncertainty, presenting a myriad of possibilities for those willing to navigate the ever-shifting tides. Bitcoin's price history has been a rollercoaster ride, and this could continue in the short term. A scenario of consolidation and heightened volatility is entirely possible. Regulatory changes, macroeconomic events, or unforeseen market sentiment could lead to periods of sharp price swings. Traders should be prepared for both upward and downward moves. Bitcoin is not an isolated asset; it's influenced by global events. Geopolitical tensions, economic shifts, and unexpected developments in other markets can have a significant impact on Bitcoin's performance. Keeping a close eye on these external factors is crucial when trying to anticipate BTC's trajectory. For instance, the Securities and Exchange Commission (SEC) is expected to weigh in on multiple Bitcoin ETF filings in the build-up to early September deadlines. I have outlined a couple of scenarios on the chart. While I don't expect Bitcoin to follow these scenarios precisely, they serve as a framework to understand possible short-term price movements. Stay Tuned for Updates: We will continue to monitor key macro events that could significantly impact the cryptocurrency markets in the near future. These events may provide us with more clarity about Bitcoin's trajectory. Please note that the advice you receive about cryptocurrency should always be taken as guidance and not as definitive instructions on what to do. Investing in cryptocurrency, like any other type of investment, involves risks, including the loss of capital. Always conduct your own research and consult with a financial advisor before making investment decisions.
CME:BTC1!Short
by Blast910