MA is seems to be weak.MA is showing weakness on 1W chart.
There is a big sell zone near 382$ where buyers have tried to win sellers, but all 6 attempts (mentioned on chart) were losing.
I expect two signals of weakness that will give confirmation of closing long position/ opening short position.
First signal is closing 1W candle under ema50 (about 357$ at mom). (This signal will be very strong, because it will be multiplied it strength with closing 1D candle under ema200, that is a confirmation for closing long position).
Second signal is closing 1W under critical level 347$ - that will be confirmation of opening short position.
Main targets are shown on chart and now are
320$, 250$, 215$.
You need to be very patient and wait until confirmation of next bullish market on this stock, big bounce (about +20%) I expect on 215$ (-45% from high 2023). Big bullish trend will be later, when chart will build again a structure: Price>ema30>ema50>ema200.
Shortsignal
GBPJPY BREAK AND RETESTHey!!! Hope you’re well. Currently GJ has been in a downtrend spiral, currently we are in small structure bullish trend, and I expect it to hit -27 but as price is moving abit slow that mayn’t proceed to Monday and eventually break that minor structure trendline to the downside only enter after price has finished that bullish momentum, a break and retest of that trendline has been put
SWK - Head and shouldersOn this chart, we can see a head and shoulders-formation and we are therefore waiting for a breakout of the neckline, to take our short position.
Stop-loss, target and ROI are all shown on the chart.
The target for this trade equals the earlier support level.
In this case, it shows that during the last half year, it has formed into a multiple bottom, and our current target as bears, would be a good entry for the possible uptrend afterwards.
USD/CAD Looking for Peak high.We have a trend that proceeded a long period of accumulation. I think that this trend will be short lived. Maybe one more level of pop up near or above my levels. At some point in time in the near future, I'm looking for a great portion of the trend which took a long to time get up, to be taken out in a very short period of time. Maybe a single session or full day can undo most of the trend. FX:USDCAD
MKRUSDTHello dear friends
Due to the negative divergence of the RSI in the daily time frame, the possibility of completing the bullish wedge pattern at the end of the uptrend has been strengthened.
🔍 If the range of $719 is completely consumed, the possibility of reaction to the range of $806 will be strengthened and we can expect the continuation of the downward trend to the range of $605 and $536.
❗️❗️❗️ Note that if the $932 resistance range is completely consumed, the above view will expire.
We would be happy to hear your comments
GBP/USD HARMONIC PATTERN OANDA:GBPUSD
HI, TRADER'S ..OUR GBPUSD LAST4/4 TRADES HIT TP
Now as you see market is making GRATLEY HARMONIC PATTERN
Price already done X ,A ,B,C leg , Now making D point at 0.786 retracement
After completing D point market can come to 38.2 retracement point , and 2nd target 61.8 retracement
take entry of sell at D point
❤️ Please, support my work with follow ,share and like, thank you! ❤️
BTCUSDTHello my dear friends
Looking closer at Bitcoin, the four-hour timeframe
We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher areas.
But if the range of $22,213 is consumed, our wedge pattern is valid and we can expect the formation of a downward trend similar to the drawn scenario.
We would be happy to hear your opinion.
FTMUSDTHello dear friends
In the daily time frame, by reaching the resistance range of $0.5312, a Cypher harmonic pattern has been formed. A negative divergence of the RSI is not associated with this harmonic.
If the support range of $0.35 is completely consumed, the possibility of continuing the downward trend to the price area of $0.2424 can be considered.
Until the $0.5312 range is fully consumed, we have no intention of forming an uptrend in the medium term.
In the four-hour time frame, the RSI indicator has issued a negative divergence compared to the previous price ceiling.
We would be happy to hear your comments