Hello & welcome to this analysis In the monthly time frame we can see the stock has broken and continues to trade below the Ichimoku Base line support, suggesting a likely test of the Ichimoku clouds in the coming months. In the weekly we can see a Head & Shoulder formation with the right shoulder withing a parallel channel. Sustaining below $205 (weekly) this...
Notice the Kijun-sen has pointed upwards while the Chikou-span has closed above its price 26 periods ago, if you drill down to the daily chart the price is above the cloud but the Kijun-sen points downwards, it's better to keep it in your watchlist to see how it unfolds in the coming days
WEEKLY (W1) The 61.8% Fibonacci retracement @ $ 104.68 mentioned in my previous analysis has been filled with an intra-week low @ $ 101.53, which is the level of the Kijun-Sen or Base line and which worked, so far, perfectly well in rejecting the breakout attempt. The Crude Oil futures is caught between the Kijun-Sen (KS) in support @ 101.54 and the...
If S&P500 futures close above 4482 on the close of this 4H candle it will trigger a strong Ichimoku buy signal. The "Sanyaku Kouten" signal is when we have a Tenkan/Kijun cross, Chikou breakout, and Kumo breakout. Watch today's price action and check lower timeframes for entries. We have nearly passed all the hurdles I mentioned in my earlier TradingView idea that...
DAILY (D1) Yesterday's price action triggered a second long white candle in a row, which broke on a closing basis (41'505) the upside triangle trigger level @ 41'115 which should, potentially activate the triangle technical target, calling for a move towards 43'400 , which is also, by the way, projected in the next days the top of the daily clouds resistance...
WEEKLY (W1) Upcoming weekly closing may or may not give more clues for next week price action... Indeed, THE BOTTOM OF THE CLOUDS ZONE SUPPORT has been, during this week, briefly broken but, so far, the BTC managed to hold in the clouds; therefore, as you can easily imagine, a WEEKLY CLOSING, below the bottom of the clouds @ 39'885 would, once again, be...
Looking at the DAILY picture, we can see a TRIANGLE PATTERN IN PROGRESS, with the breakout levels , currently and respectively : @ 41'320 on the upside and @ 39'574 on the downside I MPLICATIONS ON A DAILY BASIS CLOSING LEVEL : upside breakout : TARGET @ 43'659 (currently the Mid Bollinger Band and the Kijun-Sen) downside breakout out : TARGET @...
DAILY (D1) The BTC is caught between two important levels, which are : on the downside, the DAILY CLOUDS SUPPORT ZONE (39'900-40'100 on the upside, the WEEKLY KIJUN-SEN (in overlay in the daily chart ) Therefore, ONLY A CLEAR AND SUSTAINABLE BREAKOUT OF ONE OF THOSE LEVELS WOULD SHOW THE NEXT DIRECTION. WEEKLY (W1) In this regard, the upcoming weekly closing...
DAILY (D1) Second daily closing in a row below the KIJUN-SEN (KS) ! As mentioned in my yesterday's analysis, a failure to recover and close above the KIIJUN-SEN, which is now @ 43'549 would increase the risk for further downside in putting the focus for the next support area around 41279, being the weekly TENKAN-SEN (or conversion line) , ahead of the...
DAILY (D1) Yesterday's price action triggered a long black candle ( BEARISH ENGULFING ) with, and IT IS VERY IMPORTANT, ITS DAILY CLOSING LEVEL (@ 42'290) , for the first time, since a while, BELOW THE KIJUN-SEN !!! This move must not be underestimated and must be taken very seriously. Indeed, the KIJUN-SEN was the last significant support to look at ...
DAILY (D1) As expected, the failure to stay and hold above both MID BOLLINGER BAND and the top of the TRIANGLE PATTERN, triggered a downside acceleration towards the next support (42'900) mentioned in my yesterday's analysis in making an intraday low early in the morning @ 42'741. The 50% Fibonacci retracement @ 42'900 of the 37'567-48'234 rally has been...
DAILY (D1) Under heavy selling pressure very close to the MID BOLLINGER BAND SUPORT LEVEL @ 14'415 !!! [ A daily closing below this level would open the door for lower levels towards the next very important support @ 14'105 which is the KIJUN-SEN. RSI below 49.24 LAGGING LINE moved sharply down after the failure to cross over the daily clouds.. but still...
DAILY (D1) The yesterday's failure to hold above both ongoing uptrend support line and the TENKAN-SEN triggered a downside move which pushed the BTC towards a low so far @ 44'419, having tested during the night both the MID BOLLINGER BAND support and the former downtrend line (top of the triangle pattern !) Ongoing today's price action will be important and...
At this level we see prior highs and lows all the way to 2020 rally. It does not hurt that the kijun-sen and supertrend (standard setting) are also located at this exact level. This is where traders put their trailing stops or normal stops. The market sure does like to hunt those stops as big players like to fill their orders at these levels when people get...
WEEKLY (W1) The weekly picture is showing a BREAKOUT ATTEMPT to cross over the top of the WEEKLY CLOUDS resistance area @ 47'407- Wait for either VALIDATION or I NVALIDATION by the ongoing weekly closing level. DAILY (D1) Sideways price action caught in a relatively narrow trading range which is showing some uncertainty and indecision about further...
WEEKLY (W1) Upcoming weekly closing level would be very important to look at, as it will either VALIDATE or INVALIDATE the upside BREAKOUT OF THE TOP OF THE WEEKLY CLOUDS RESISTANCE AREA @ 47'407 !!! The Mid Bollinger Band (MBB) @ 44'555, briefly broken yesterday, worked perfectly well as the support level in this weekly time frame DAILY (D1) Nice...
As expected and mentioned in previous analysis (see related ideas below), after having briefly broken the 48'000 area (intraday high @ 48'234) a correction took place over the last couple of days and went down towards a V ERY IMPORTANT SUPPORT LEVEL (cluster of of the 2 trend lines on both sides around the 44'700 in reaching an intraday low, so far @ 44'244,...
DAILY (D1) Price action seen over the last couple of days should be seen as constructive for further upside. Indeed, 1) the breakout of the TRIANGLE PATTERN by a long white bullish candle 2) Next candle closing above the previous closing So after, having reached an intraday high above 48'000 yesterday, @ 48234, we may see some correction, like a pullback...