ping pong days ahead. Expecting strong corrections in all index stocks in nifty 50. Thats why index's behaviour are so important cz it gives you information about everything as a whole. how stocks are going to perform. this might look like sell on rise market for index as well as individual stocks but its also a buy from bottom kinda thing. One thing for sure...
XTZ is showing signs of an early H&S formation, however it is currently within a strong uptrend. Continuation of this uptrend is more likely due to its strength however the h&s is always a possibility.
Since most traders expect that USDCHF wil go down soon, It makes me more to look for the oposite scenario, so and there it's, those 2 pink lines with bottom blue line are making what really looks like an ascending triangle, but both blue lines are looking alot like rising wedge, there is only one way to find out which scenario is right, so now I just sit and...
I know this one goes against my previous gold chart, but I think that this one can't be ignored. This looks like a huge/long bull flag on 30 min, price has closed below fib 50 level, which can mean thats it's not valid, but on my MT4 chart this close has been really smal and short, even if that's not a bull flag then it's a nice chanel. keep in mind this one, and...
The price just broke through the descending trendline on the daily timeframe but is currently situated in a very strong resistance area. A closer look on the Stochastic indicator in the D1 & H4 shows us that a correction is inbound. In this case, short positions may be opened after the price climbs higher, forming a regular sell divergence on H4 and then falls...
Bitcoin already broke ascending triangle on a bit elevated volume. For a bigger move we would see more volume coming in. I see WXY as a possibility. Target @4040-4090. *We have Daily 100EMA at 4040. *Weekly fib resistance at 4090. Also if you make a fib retracements 1.618 is my target based on recent behavior. If you are LONG taking profits just above 4000...
The higher time frame trends on copper are presenting mixed messages. There are lots of interesting opportunities if one can exploit lower time frame trends cautiously.
Two ways it can go...how strong can it be? and where?
Currently, we seem to find ourselves at a crossroad yet again. Is this truly a path to new highs? Yes, overall Market Cap has greatly increased, that is a clear given. Is institutional money already pumping futures-like volume in this sector? Yes, but haven't they already been doing that all year? Regardless, I digress. the blast through $8k is anything but a...
A lot of scalping opportunities today, I will be buying and selling according to the chart. If it is oversold/bought, I will not buy or sell a breakout. Good luck everyone!
GBPUSD LONG if there is a breakout. If it keeps going down i will short it once i goes lower than 38.2% fib