In my most recent GALA analysis I talked about the fact that I expected the bottom support of the triangle to hold. The target was the top resistance, which has been hit yesterday! For now, I'm going to be patiently waiting for the break out to confirm on higher timeframes. We've got a fake-out yesterday, so enough reasons to be careful. Two blue lines are my targets.
Hey Traders, For those who like Trading Stocks... People slam in to buy and you have the opportunity to take profit on huge moves. You can either do this... Or gamble and let it fall. Take gains repeatedly. It's a better process than guessing.
The UK's year-on-year inflation rate in March slowed from 10.4% to 10.1%, higher than the expected 9.8%. On the other hand, the Eurozone year-on-year increase remained at 6.9%. The persistently high price levels are likely to convince major central banks to keep raising interest rates. GBP/USD then added 17 pips to 1.2438, and EUR/USD fell 17 pips to 1.0954....
Exxon Mobil (XOM) cycle from 3.20.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.20.2023 low, wave (1) ended at 107.35 and pullback in wave 2 ended at 100.68 as the 1 hour chart below shows. Up from there, wave 1 ended at 110.17 and wave 2 ended at 109.05. Wave 3 ended at 114.64, wave 4 ended at 112.20. Final wave 5 ended at 116.85...
its looking like a bearish scenario for ford, this is just my idea. Wandering if anyone has another opinion?
Lulumelon Athletica - 30d expiry - We look to Sell a break of 355.85 (stop at 367.85) We are trading at overbought extremes. We have a Gap open at 29/3 from 320.31 to 366.25. Trading within the Wedge formation. The bias is to break to the downside. Expect trading to remain mixed and volatile. A higher correction is expected. Our profit targets will be...
Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 13100 zone, NASDAQ is trading in an uptrend but now seems to be attempting to breakout the trend as USD bullish news seems to put some pressure on the stock market so technically if we get a decent breakout we will monitor a potential retrace of the trend from 13100...
Alibaba Crashed 79,5 Percent you can call this a crash. Now Alibaba is retracing to higher levels. Usually a retrace to the 0.38 and 0.5 Fibonacci is a healthy recovery,that Alibaba should stay infront of. So from actual price levels of 93.5 USD there is still a 90 Percent upside possibility. This could be Quick Money. On the other side the fundamentals of BABA...
Looking for several long positions while gold tries to make its way to the upside. Monthly and weekly structure appears to be bullish. Today's daily candle looks to be bullish as expected indicating rejection off of last week's low. If the H4 continues to stay bullish we can expect gold to rally.
CTSI is a small-cap token which has seen very strong gains over the last few days. As usual, strong gains are often followed by periods of bearishness or neutrality. I'm patiently waiting for CTSI to reach the bottom support of the bullish channel. Note that the top resistance of the channel is a direct copy of the bottom support. By the time we reach support,...
By analysing the stock markets at different timeframes, ranging from the three-monthly chart down to a four-hour chart, I have noticed that they have reached a significant resistance level on several higher timeframes. Furthermore, on the lower timeframe, the trend seems to display indications of weakening, and the charts seem to be range-bound. Could this signify...
Later tonight, annual inflation levels in the UK and the Eurozone have projected slowdowns to 9.8% and 6.9% respectively. Meanwhile, GBP/USD rose 50 pips to 1.2424, and EUR/USD gained 45 pips to 1.0971. Canada’s month-on-month core inflation readings for March CPI recorded a 0.6% increase, higher than Mitrade's projections of 0.4%. USD/CAD then slid 5 pips to...
As I expected in the previous post, Gold was able to complete wave 5 on 🟢support zone($ 1990.6- $ 1961.7)🟢.👇 Since Gold has reacted well to the support zone and the Regular Divergence(RD+) between the two consecutive valleys is well visible. So, I expect Gold to grow to the 🎯target🎯 I specified on the chart. Gold Analyze ( XAUUSD ), 30-minute Time frame...
The daily candle for Apple has triggered a short signal. However, before you enter a trade, it's important to note that this is a risky play and not for everyone. It's possible that this signal may not confirm and that the price could reverse. To reduce risk and increase the likelihood of success, it's recommended that traders wait for confirmation from a...
Positive divergence can be seen on a yearly basis with MACD leveling out crossing into positive territory. SP appears to have formed a double bottom and is currently breaking out from a narrower down trend. Currently, the SP is ≈33% below the average analyst target and ≈45% below the top range of down channel primary trend. The SP collapsed last year as a...
Hello,Traders! SPY is going up now And is about to retest A strong horizontal resistance Of 416.8 from where A local pullback towards the 410 level is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
United Airlines Holdings - 30d expiry - We look to Sell a break of 40.38 (stop at 43.15) Short term bias has turned negative. Posted a bearish Flag formation. A break of 40.43 is needed to confirm the outlook. 40.43 has been pivotal. The bias is to break to the downside. Trading has been mixed and volatile. The medium term bias is neutral. Our profit...
Wall Street opened higher after futures rose in the first half of Tuesday’s session, finding good support from firmer Chinese and European equity markets, and positive risk appetite across the financial markets with the likes of Bitcoin and AUD/USD also higher. But at the time of writing, the major indices had all turned negative on the day, most likely due to...