Stock is Bullish but Currently moving in a Rectangular Channel.Stock is Bullish but Currently moving in a Rectangular
Channel.
Crossing 426 may lead it towards 450 &
Sustaining 450-455 may lead it towards 490 - 500.
However, breaking the Support of 360 will lead
it towards 290 - 300 where a Double bottom formation
can be seen.
Rsi_divergence
WIF - Break Out!Dear My friends,
When looking at the WIF chart, I wonder, where is its bottom? The current price is even lower than when it was first listed on Binance. So, since I don’t know, I’ll just analyze it. And I’ll start from the bigger picture. When I zoom into the daily timeframe, everything seems clear to me. Take a look at the daily chart, and you’ll see that a divergence has appeared. The price is dropping, but the RSI indicator is rising. The price has broken out of the descending channel. Buying volume has been dominant in recent sessions. So, I’ve searched for target levels on the daily timeframe. I hope my analysis will help you, my friends.
Best Regards,
BTC/USD UPDATESIn this forecast we're analyzing 1H time frame for finding the upcoming movement and changes in BTCUSD price. My BIAS for today was Bullish and when price come to my key level area. we'll observe the reaction of price if price give any bullish confirmation then we'll execute our trade. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis.
#BTCUSD 1H Technical Analysis Expected Move.
GBPJPY TODAY FORECASTIn this forecast we're analyzing 2H time frame for GBPJPY. Today I'm looking for a potential buy trade setup. According to my analysis and strategy when price enters in my key levels as shown in the chart and give any bullish confirmation like candlestick pattern or price action. After taking confirmation we'll trigger our trade. Confirmation is most important part of this analysis.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis. Further updates related this analysis will posted soon once price reach our levels.
#GBPJPY 2H Technical Analysis Expected Move.
#GOLD BULLISH UPDATESGold Analysis - Bullish Bias for Today.
Currently, I’m analyzing Gold on the 1-hour time frame. As we all know, Gold is at an all time high, with the market pushing upwards without a valid retracement. The overall trend remains bullish, so my bias for today is also bullish based on my analysis.
📍 Key Focus:
I’ll wait for Gold to create a solid structure and retest at least my key levels. This will allow me to place my trade in the ideal demand zone.
✨ Confirmation is Key:
When the price hits my key levels, I’ll look for confirmation through a bullish candlestick pattern or bullish price action before planning my trade.
⚠️ Always Use Stop Loss in Your Trades. ⚠️
📊 Proper Money Management is Key.
💡 Maintain a Solid Risk-to-Reward Ratio.
This is just my analysis. 🔍
Further updates related to this analysis will be shared soon, once the price reaches our key levels. Stay tuned!⏳
🔍 Let’s see what opportunity the market provides.
#XAUUSD 1H Technical Analysis Expected Move.
GOOGL ON SUPPORT: 23% BOUNCE IMMINENTNASDAQ:GOOGL GOOGL has consolidated significantly over the last few weeks and, like the NASDAQ, has also taken a beating. Due to the now attractive valuation, the continued stable growth and earnings growth, GOOGL is still a good investment.
Technically, we have reached a trend line and a weaker horizontal support with a further support area at around USD 150. We are already seeing the first RSI divergence. The Bollinger Bands (not shown in the chart, otherwise it would be confusing) are also far overstretched and make a bounce likely. There is also an open gap at $192 - $203.
I would open about 50% of the actual trading position now and the rest when the price falls into the green box, which I still consider to be a possible consolidation area. If the price turns immediately, we are still in with half.
Target Zones:
$192.00
$205.00
Support Zones:
$165.00
$150.00
Short setup on SPX (x2)After the most recent upward move, the SPX shows clear signs of weakness, suggesting a potential short setup.
Since mid-July, the SPX has been moving upward and it's now near its all-time high. However, the RSI Exhaustion at the bottom of the chart has significantly declined and hasn't recovered much, establishing a downtrend.
This divergence between the price and the RSI Exhaustion is the first major signal of a possible short configuration.
Three additional signs support this setup:
The RSI Exhaustion shows recent bullish exhaustion (indicated in green), signaling that further price increases are unlikely.
The price has formed a top just shy of its all-time high, as identified by the Bottoms Tops Signal indicator.
A major level has formed, as indicated by the Levels and Zones indicator. While this level turned into support, it originated as resistance and could well revert back to it should be price start to drop further.
Is the bull run over? Only time will tell, but for now, it's crucial to remain patient and always seek confirmation from the indicators.
Bearish Divergence on Monthly TF but Bounce ExpectedBearish Divergence on Monthly TF.
Very important Support lies around
160 - 162; and a Bounce is Expected if this level
is Sustained on Monthly Support.
Bullish Divergence on Short TF; so a bounce can be seen
up to 177 & then 194 (if 177 is Sustained)
Weekly Support is around 80000.Weekly Support is around 80000.
However, 72500 - 73000 is its previous
breakout level & probably a Best Buying Rage
(if it touches) which is also a Confluence area of
Trendline Support+Important Fib. level.
Bullish Divergence on Shorter Time Frame +
Weekly Support around 80000 (if Sustained)
may push the Price up towards 87000 &
then around 95000 - 96000.
Ultimate Resistance is around 110000.
Crossing this level may open new Highs
Targeting around 136000.
On Shorter Timeframe, 85000 - 86000 is
the Immediate Resistance & Support is
around 80000.
USDJPYI don't usually trade using the RSI strategy, but for some reason, I decided to take a look at it. What I found was a very strong divergence on the 4-hour timeframe, which has been developing over 72 candles—a significant number. Based on this, I expect this candle to be the reversal candle signaling an upward move toward the targets mentioned above.
Trade safely
Currently in Bearish Trend. Currently in Bearish Trend.
H&S Pattern in play targeting around 40ish.
Weekly Closing above 70 may be a Positive
sign. However, if the selling pressure continuous,
we may witness 67 & then 63.
In my view, it should test 74 - 75 once before going
down (if it has to).
Important Resistance is around 75 - 76.
Important Supports are 67 - 69 & then around 63.
One positive sign is that there is a double Bullish
Divergence on Shorter Time Frames. If it plays now,
we may see 73 - 75 (which is again a Resistance level).
Bitcoin - preparing for a Mega bullish waveThe weekly chart is bullish for Bitcoin.
It shows a hidden bullish divergence on RSI, indicating that the price trend is likely to continue upward.
Additionally, the chart highlights a double bottom pattern on HTF.
Bitcoin maintaining support at 0.786 Fibonacci will give it the momentum needed to create a new high.
A new all-time high (ATH) for Bitcoin is expected in the coming weeks.
Best regards Ceciliones🎯
GBPCHF - Head and Shoulders SetupHello traders,
On the daily timeframe GBPCHF has been consolidating in a range. Now it is at the resistance level of the range and so we should be looking for shorting opportunities.
On the lower timeframes, the 4H and 2H, it has formed a head and shoulders pattern which is a great reversal pattern.
Add to this the RSI divergence which in many occasions foreshadows the change in trend.
I will be entering when we get a close below the neckline on the 2H timeframe.
GBPAUD - Bearish Reversal Pattern + SetupHello traders,
GBPAUD has been in an uptrend since last week. But now it is showing bearishness with the break of the demand zone.
Add to this the RSI divergence which makes this trade a higher probability setup.
My entry, sl and tp are as marked on the chart.
Different Types of W Patterns and How to Trade ThemHello dear KIU_COIN family 🐺 .
Recently, I decided to provide some educational content for you, my dear audience, and introduce some essential and basic trading terms.
Here’s what you should know: In these lessons, we will cover three different seasons:
🔹 Season 1: Reversal and continuation patterns.
🔹 Season 2: How to use RSI and other indicators to find good entry points.
🔹 Season 3: Definitions of Fibonacci and seasonality in trading.
Stay tuned for valuable insights! 🚀
✅ For the first section of 🔹 Season 1 , I’ll be covering W patterns— a well-known bullish reversal pattern :
As you can see in the chart above, we usually have three types of W recovery patterns , which are the most important ones for us. However, in this section, we just want to get a general understanding of them. In the upcoming section, we will learn how to trade them and explore how they actually appear on the chart and the story behind them !
✅ This is the first and most common type of W pattern:
✅ This is the second type of W pattern:
✅ This is the third type of W pattern:
Ok, guys; I think this is enough for today, and I hope you enjoyed this educational content. However, don't forget to ask your questions below and support me with your likes and follows for more of this content. 🐺🔥
TOTAL3 made Bullish Divergence and Reversal at 740BThe asset has formed a total of three waves on the weekly timeframe and recently made a retest at the 740B level. It is likely to form a double bottom pattern here, with the RSI trendline indicating a clear bullish divergence. This suggests a potential bounce from this point, and based on these indicators, the next move is expected to propel the price to the 1.5 to 3 billion range.
EURGBP - Bearish ReversalHello traders
EURGBP has been slowly grinding up since 9 January with there being a trendline holding this slight uptrend. But it broke out of the trendline last week and it retested it. The ideal entry would have been on the retest but let's hope this 4H fvg gets filled then price goes down.
Furthermore, the rsi has been making lower lows while price was making higher highs showing bearishness. Add to this that this setup is forming on a daily resistance zone as per the chart.