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Support_and_resistance

BITCOIN needs more correction for future gain ❌🧨Hello 🐋 the price now again stick in the parallel channel and more range candlesticks between tow area before any other breakout of the previous high we expect to see sharp red candlesticks to the downside besides the range market is acceptable scenario too 📖💡 if we lose our support level we will see correction at least $24000 area ❌🧨 and if we lose our daily resistance here more gain is logical 💣🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
10
Falling Wedge Heading Into EarningsPosting a quick update here as CRWD has been holding a macro-downtrend for some time now, and is heading into earnings looking quite bullish. CRWD is holding a massive falling wedge on its daily & weekly timeframes, (See Attached Charts Below), is sitting right on its 50-day EMA with the others starting to curl upwards, Bollinger bands are squeezing (Not Pictured), along with holding a bullish ABCD Elliot Wave on the daily timeframe and some gaps way on the upside still left to be filled. Additionally, CRWD is holding the same falling wedge on the weekly timeframe, accompanied by a massive bullish harmonic pattern as well as some bullish hidden divergence on the RSI. Will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Bullish and looking for a breakout from this wedge -- Price Targets & Charts Attached Below-- PT1- $129.71 PT2- $134.26 PT3- $141.71 PT4- $147.90+ --Weekly Timeframe--
NASDAQ:CRWDLong
by jacobosiason7
1
DX1! Weekly Technical AnalysisDX1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci, Pitchfork , Cup and Handle - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
ICEUS:DX1!
by BahamasX
EURUSD Range IdeaStrong round number, Good possibility of a lot of sellers lying in wait. We have the supply zone still in play from the 1.06300 area/15 minute chart from friday's excitement, so taking a short entry at 1.06970 with a target at that area. Blue line at the stop is a hedge order incase we break to trend, then I'll wait for 1.07400 to make another choice, But I think a range is very likely to be the outlook, at least half of it if not the whole range to try for the 1.04 the bears keep wanting. If we use half the range or just plain dip and rise, I think we may be looking at a run for the 1.08 levels. Have to see how this traffic jam plays out, lot of areas in one place.
by ForexStoryteller
3
Falling Wedge- Bullish - UpdateENPH has been trading sideways for quite some time now while simultaneously getting beaten down by the broader markets, and testing a very strong resistance level circa $223-214.00. However, ENPH has seemingly found a bottom with a significant amount of bullish flow coming in while heading into earnings on 4/23'. From a fundamental standpoint, relative to others in the sector such as FSLR, ENPH is undervalued compared to other big names in the sector. Nevertheless, ENPH is setting up quite nicely here, hovering in and out of oversold territory while holding a massive falling wedge, accompanied by hidden bullish divergence on the RSI on the weekly timeframe (See Attached Chart Below). Furthermore, ENPH is sitting right on its 50-day SMA while bulls & bears are pulling. Regardless, Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime --Previous Charts Attached Below As Well As Price Targets-- PT1- $222.58 PT2- $228.34 PT3- $234.62 PT4- $240.37 + Weekly Timeframe Fundamentals Previously Charted
NASDAQ:ENPHLong
by jacobosiason7
Symmetrical Triangle - Sympathy PlayEyeing the entire solar sector here as ENPH heads into earnings tomorrow after retracing back down to the 220 range. Intend to play both, however, SEDG is unique in the sense that there was not the usual retrace back to its respective 200-day MA and has been trading rangebound for quite some time now. Some slight hidden bullish divergence on the RSI, a big symmetrical triangle, a bullish gartley harmonic pattern, and increasing buyer volume relative to seller volume. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below PT1- $325.71 PT2- $328.88 PT3- $334.29 PT4- $341.68 + --Previously Charted--
NASDAQ:SEDGLong
by jacobosiason7
2
GBPJPY WEEKLY UPDATE 24/2 - 3/3Hi all Weekly recaps: The price of the GBPJPY has reached the 50% fibonacci level from the previous high of 172.129 and low of 155.350 following a breakout consolidation level (please see earlier post). GBP/JPY needs to hold above 161.802 until this week's market close in order to continue its upward movement. So, I expect that price will end the breakout pullback and begin a long position with 164.xx as the target. Let me know what you think In the comments! My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills. Thanks a lot for your support.
Long
by mytw0cents
2
EURUSD DAILY UPDATEHi all After the release of positive statistics for the CPI, we saw a rejection at the previous high on the H4 resistance level 1.07897 yesterday. In the daily chart, price rejection occurred several times prior to the level's 1.06952 breakout. Therefore, I will partially close at the support level of 1.06610. A break through the level of 1.06609 could terminate the upward HL and confirm the LH.If the 1.06609 level is broken, I see a drop to 1.06107. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Short
by mytw0cents
4
GBPUSD TRADE PLAN UPDATEhello all After a price pullback and breakout of H4 resistance following a breakout at level 1.195966, my plan was to short this trade because gravity tends to help traders earn minor profits most of the time. If the price can remain below the resistance level, I think there is further room to fall. good luck & cheers My trading strategy is not intended to be a signal service. It's a process of learning about market structure and sharpening my trading skills. Like, subscribe, and happy trading to everyone!
Short
by mytw0cents
2
GBPJPY WEEKLY TRADE PLANHi all GBP/JPY is currently breaking through the daily timeframe resistance level of 155.549. So, this retreat trade has 160.652 as its target. It may be good to hold swing positions if the price rejects the entry level and closes below the consolidation level. My trading strategy is not intended to be a signal service. It's a process of learning about market structure and sharpening my trading skills. Like, subscribe, and happy trading to everyone!
Short
by mytw0cents
1
GBPJPY WEEKLY UPDATE hi all I'm still slightly bullish on the GBP/JPY trade. I've hit sl and breakeven a few times and also missed a trade. Fundamentally, I believe the market is still buying phase and not a yen phase yet. Perhaps once there is a clear understanding of ufo, long yen will begin. hahahahhahahaha I am thus closely monitoring the gbp/jpy resistance level and waiting for the point at which I feel like taking a risk. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Long
by mytw0cents
2
EURUSD UPDATE H&SHi all EURUSD has been trending sharply for four months, from 0.953 to 1.103, so I'm still looking for a 50% retracement. After a strong 5 day bearish trend, I see a head and shoulders pattern in the 1 hour chart. So, as long as the eurusd does not pass and close above the head, I believe it will remain in a bearish trend. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all. cheers
Short
by mytw0cents