Finally, with days of waiting, I'm waiting for the opportunity to short the EURUSD! I'm waiting for the shorting opportunity when the candlestick close, trading base on resistance level.
If you read my last week's analysis, you should know that there is a potential Bearish Bat Pattern on the daily chart(the link is within the tradingview article). If you are looking for a counter-trend trading opportunity, the Bat Pattern might not be the best setup, and that's because I don't like what I'm seeing(consolidation before the Point D...
Can SPX Continue to Push Through a Wall of Resistance? Like many other global indices and liquid assets, the S&P 500 (SPX) has had a powerful rally off June 17, 2022 lows. This rally coincided with the July 2022 FOMC meeting and presser—the rally increased in the days preceding the FOMC meeting and then continued in earnest afterwards. This post will not...
The EUR/USD is beautiful to trade level to level. Symmetrical Triangle target hit with very overbought label, followed by a retracement and oversold label for a lovely bounce. SELL R, BUY S, happy trading.
On the daily chart, the NZDUSD has hit its Key Resistance Level; it does have an opportunity for trend traders to jump onto the trade. On the 4-hourly chart, Point C of the potential Bullish Shark Pattern has a 3-bar reversal formation compared to Point A, and there's an RSI Divergence too. Point C candle didn't break and close above Point A; the above...
the USDCHF price is in daily support level & BULLISH FALLING WEDGE pattern . the NECKLINE IS BROKEN. the resistance line is broken. i predict a bullish move 📈 TARGET: 0.69813 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
BYBIT:BTCUSD These are the most Current Daily, Weekly and Monthly Levels for Bitcoin. Support and resistance Definition (quoted from Investopedia.com) The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer...
AMD (Advanced Micro Devices) stock price has been in a weekly downtrend, and is currently seeking a lower-low in the price. If quarterly financial earnings and news this year are not satisfactory, AMD stock price could test support levels to the downside. Bearish Price Targets: $85, $75, $65. Head-and-shoulders chart pattern confirmed, loss of $100 price...
hello everyone In the past month we had the BNBUSDT covering a lot of the chart, we had a bull market (Mar 15-Mar 30), then a reversal pattern with the indication of divergence on RSI(Mar 30- Apr 04),then we had a hanging man candle to tell us the obvious downtrend happening on April 05.But anyway, Now we have a possibility of a bull flag on daily chart. As we...
Welcome back! Here's an analysis of this pair! **Bulls are showing strength! After the aggressive push from 4100 demand zone, we expect it to reverse at 4325 area to potentially form a flag near 4240 zone. From here, we could see more upside potential. Where do you think EURCAD is headed? Let us know your thoughts in the comments! Please support this idea with...
Adani Port Special - ADANIPORTS(NSE) has been forming a Symmetric Triangle since June 2021, when viewed in a 3hr time-frame. Since, 720 (dashed red line) has been acting as a good support zone and the stock has already bounced back from there, a rally can happen till 794(dashed green line) if a long candle cuts the triangle upwards. Please see the 1hr chart below,...
Price is nearing a 5 year resistance level that it touched & bounced off of back in Jan 2017. Will price repeat itself & will this resistance hold for a possible short-setup here on the daily. What are your thoughts on this analysis? Everything is lining up and will be watching for bearish candle play before entry.
Bearish Shark Pattern as a countertrend trade is something I would engage. The reason is Point D is at Point X of the Shark Pattern that acts as an Additional Resistance level for a counter-trend move.
Is resistance holding up here on GBP/USD for a possible short-setup?... supply zone.
D1 - Price has reached a key resistance zone. Bearish hidden divergence. H1 - Bearish divergence. Until the key resistance zone holds I expect short term bearish moves to happen here.
H1 - Price is nearing a strong resistance zone. Bearish divergence. Until this strong resistance zone holds I expect short term bearish moves to happen here.
PLTR is trying to knock it's way back into the pattern. If we can get back inside PLTR interests me alot although it does have ER coming up which can make this one pop or crater pretty quick. I'm buying shares for my ROTH in this name. Believe it'll be great for years/decades.
W1 - Price has reached a strong resistance zone . Potential bearish divergence. No opposite signs. H4 - Bearish divergence. Until the invalidation level holds my view remains bearish here. If we get a valid breakout below the low at 93.674 we may then consider it as a validation for the bearish view.