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IAM ,Buyers are pushing to major levels ,what's next ?Hello ladies and gentleman ,According to my analysis of IAM ,I see that buyers return to push the price to our major levels 113 -143 "+40%",which is supported by a big bearish volume that indicates that we may see a reversal in the coming days ,also we will be looking for buying opportunities if we got a good confirmation in the levels between 88-94,that's why we'll be observing the market in the next days to get the opportunity to enter in earlier stage of the movement I hope you appreciate my analysis ,If you have any suggestions ,please write it below to discuss it.
CSEMA:IAMLong
by YassirEL
Is There More Downside to GBPUSD?The FX:GBPUSD chart has been shaping the right shoulder of the head and shoulders pattern, a common indicator of bearish sentiment. The chart displays the classic head and shoulders pattern, which often suggests a bearish trend. We have already seen the formation of the left shoulder and head, with the right shoulder in the making. This recent price action suggests a persistent downward trend, aligning with the ongoing bearish sentiment. Key Levels to Watch: The critical juncture for potential reversal is around the 1.23700 price level. Until then, it is reasonable to anticipate further downside in the GBPUSD pair. Disclaimer: This analysis is solely an opinion and should not be considered as financial advice. Trading involves risks, and decisions should be made based on thorough research and your personal risk tolerance.
Short
by scipheord
LTC Fractals : Unlocking the Power of Repetition 📊🔁ŁGreetings, fellow traders! 🚀 Let's delve into the captivating world of fractals – a concept that reveals the art of repetition in trading patterns. Today, we'll explore the phenomenon of the Double Bottom pattern on the Litecoin chart. Brace yourself for insights into the power of fractals in forecasting market movements. 🔍 Understanding Fractals: Picture fractals as the echoes of patterns across different time frames. Just as nature exhibits patterns that repeat at various scales, trading charts also showcase fractals – smaller patterns that resemble larger ones. 📉 The Double Bottom Tale: A Double Bottom is a classic bullish reversal pattern. It consists of two distinct troughs at nearly the same price level, forming a "W" shape on the chart. This signifies a potential trend reversal from bearish to bullish. 🔄 Fractal Repetition: Here's where fractals come into play. A Double Bottom pattern on a smaller time frame can mirror a larger Double Bottom pattern on a higher time frame. The repetition of this pattern underscores the market's inclination to follow similar dynamics. 🚀 The Power of Recognition: Identifying a Double Bottom pattern on the Litecoin chart can offer insights into potential price movements. A successful breakout above the pattern's neckline could signal a bullish momentum. 💡 Insights for Traders: The concept of fractals teaches us to look beyond the surface and recognize patterns that repeat across time frames. Understanding these echoes can equip traders with enhanced analytical skills.
Long
by Yaroslav_Krasko
3
AKRO, The Triangle LandAn Acropolis was the settlement of an upper part of an ancient Greek city, and frequently a hill with precipitous sides. We can totally see this pattern here, on $BINANCE:AKROUSDT. Hills with more hills and more hills on top of each hill, the precipitous sides of new and new formations. Question is, Will we hit the final destination of this move, The Pantheon? The big resistance zone from the older times. Even if we will, just remember, we're all human beings in these material forms and we don't belong to Pantheon. So sell quickly at the top, protect your belongings and go, cause there will be a bloodbath right after the Elders will smell the tourists on 'em land of Triangles.
Long
by A_I_Vision
2
SPX500 - Could we see 4300-4400??OANDA:SPX500USD has had 3 big gap days to finish the week really strong. Could we see the bigger pattern play out towards the 61.8% level from the ATH? or even 4400.. There are a lot of resistance areas to come before that level so ideal scenario is to wait until we get a tradable retracement to buy. There could also be a deeper correction before higher prices as we are coming into some smaller pattern completions. I will post these smaller TF charts below. Plenty of data this week to move things around finishing with NFP on Friday. Enjoy the week.. Can this rally continue.
FOREXCOM:SPX500Long
by L_F
6
Nasdaq: support bounce to feed new continuation?Today's focus: NASDAQ (NDQ100) Pattern – Continuation Support – 15,015 Resistance – 15,435 • The Nasdaq led US indices on Monday, adding 1.05% • Could this be the start of a new continuation higher? Hi, and thanks for checking out today’s analysis. Today, our focus is on the NDQ100 index, and we are watching to see if yesterday’s rally and support hold could be the beginning of a new continuation pattern. In our last report, we discussed whether price could return to the main trendline after breaking its fast trend. From here, we want to see buyers continue to push forward. Today’s retail sales at 8:30 could be a factor, and we feel that overly strong data could hurt stock indexes. A move back to support would be a worry and could show that buyer strength is not that strong currently. If we we see price continue to rally, 15,435 could be a first test. Another news item to watch this week will be the FOMC meeting minutes. Buyers will be looking for a dovish tone from the Fed to help support upward momentum. Have a great day and good trading.
EIGHTCAP:NDQ100Long
by Eightcap
EURUSD Trade Recap 11th August 2023Breakeven taken on EURUSD last Friday, very happy with the management. Full explanation in the recap. 🧠Emotional Log --- **Pre-Trade** I understand all the confluences within my thesis, I accept this risk as I know if it is a loss I clearly understand exactly why I took to the trade. My stop is protected and if price takes me out there is a chance it is forming something else anyway. Do not be greedy, but also do not hesitate. These are the trades I must allow myself to take. **During Trade** My stop is protected, allow price to do its thing. My entry is valid, and I understand structure over candlesticks. I utilised the timeframes as best I could, working from the 1H structure filtering down to the 15M without jumping in. Do not choke the trade, mini 90% rule is in play so let price do its thing. **Post-Trade** I understand that price created a mini scoop for a much sharper entry, however, how can we guarantee this will always happen. My entry was valid, and stop was protected, I understood the 90% rule kicking in and managed risk accordingly to price action on the 1H. Nothing more I could have done in this situation and capital was protected.
by JordanWillson
Palladium Analysis: Is price starting a swing higher? Today's focus: Palladium Pattern – Descending triangle / Range Support – 1223 Resistance – 1320 • Palladium added 4.37% on Thursday • Palladium and Platinum ignored USD strength to finish firm on Thursday. Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also posted a solid session on Thursday. After yesterday’s rally, we have looked at a few things that have stood out in the buyer's favour, but we have also broken down the remaining hurdles and what we want to see from price to confirm the bullish signs. Do you trade Palladium? If so, please let us know what you think of the descending triangle pattern and if you agree with current volume supporting yesterday’s move. Have a great day and good trading.
EIGHTCAP:XPDUSDLong
by Eightcap
18
SOLANA - Key area with 34 upside targetBINANCE:SOLUSDT is in an interesting area where it could go either way. Upside target on the bigger pattern that has been running all year is around 34 (Fibonacci number). There is a CIT window on Friday 21st April so if we get a retracement back to 22-23 area that will set up the move higher. There is also the possibility of a deeper correction back down to 15 but above 27 and this scenario is off the table. This week will be the key. Enjoy the week. Watching for set ups.
Long
by L_F
5
AJ preparing to shoot for the stars ✨ Overall structure is bullish(currently)but the market iscorrecting which means there's still room for higher highs within the expanding pattern there is a bullish Flag which is setting us up for a bullish moment which then is confirmed by market behavior (impulse,correction&impulse) and for the fact that all this price action is happening above the support I've drawn adds to the confluence all I'm waiting for is for the market to reject the golden zone on my fib which is in line with my resistance and it's on 🙌
Long
by ReignersinForex