Looking for a break and retest of ATH's for XOM!🔉Sound on!🔉
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Swings
GWAV IS THERE SOME ROCKET FUEL LEFT?Not a ton to say as I feel most of this is labeled on the chart.
If you're trading this stock, just go in with the mindset, "because it can"
Why can the stock hit 3.49 next week..
Because it can.
It doesn't have to make sense.
But it does actually make sense.
Anyway,
Something tells me you're going to need a new chart fairly quickly.
Why?
This is going to be a fast move back up to at least .14
Every step up is just over another breakout point.
It will retrace gains as fast as they come.
Expect a lot of movement to occur after hours.
Take profits and buy dips if support and volume is still there.
Good luck!!
Sorry for the lack of charts.
I've been trading a lot of these types of stocks (ffie, snla, sint akan...)
Keeping up and posting charts for those moves would be far too difficult.
However, this move setup nicely for chart idea.
Can't promise moon, downside is to .045 to .039
However, it is at trend support and at the very least, you're looking at a good probability it returns to over .1
EURUSD, wedge patternEURUSD / 4H
Hello traders, welcome back to another market breakdown.
EURUSD has been trading inside a trading range, the price is now trying to breakout. Until there is a clean breakout, bears will be shorting new highs for a deviation.
I'll be watching this wedge pattern.
Trade safely,
Trader Leo.
XAUUSD POTENTIAL FORECAST | TUESDAY | 20/12/2022A break of bearish trendline signify a shift in direction for gold. A minor retest whereby we can see another BOS in line with a minor fib retracement with entries taken on the lower timeframe. Looking at intraday high to be taken out. Potential intraday / swing trade on gold to the upside.
But Long-term, Something else. Hey Everyone,
DOTUSDT still looks bearish to me, in the short term mostly as I explained in my last post about ETHUSDT. (link down below)
In the last few days, the market has been consolidating without any swings that we used to see before. The mid-term trend is bearish, and we are in a symmetrical triangle right now. At its support precisely. We are most likely going to reach the next major Support (in white).
However, looking at the long-term chart here and the MA plotted on the RSI, I saw that the RSI reading had crossed the RSI MA, and it is now retesting it. Usually, RSI MA works as the usual moving average but on a momentum indicator. This is a super-bullish factor for me, but still, this is in the long term. So, until we see an opportunity to enter a bullish market, this might take from week(s), to month(s) but probably before the end of this year.
I have also noticed this pattern on multiple big-cap coins like VETUSDT and ETHUSDT.
US OIL FORECASTExpecting US OIL
Fundamentals pointing towards OIL long on DAILY chart. Expected projections and levels already respect of the various fib levels, We've seen price respect the underside of the trend channel for a pullback into the 104.92 area.
Looking for confirmation of a long into the 112.34 initial zone.
Micro Gold Futures (45)Price pulls back into the major reaction leg out of a low. Runs down tests the low and pulls back into a minor.
Sellers step down to the outside bar down structure out of the high and make a relative LL confirming a minor reaction leg.
At the low buyers try to hold, sellers step down and press price off the cliff, through the low and confirm the press structure.
Buyers try to hold and pull back into the relative minor reaction leg at the press structure. Entry at the re-test of the multi pivot line out of the gap
SWING IDEA #17: WISHWatching WISH tommorow for a bounce off the support. Bullish flow+Oversold looking for a reversal here, if it breaks I can see $7-$8.
BTC course plotted for this fall then rise then fall BITCONI think from this weekly pivot test and L3 it will rise and reach weekly H3 around 60 (coincides with monthly targets) . Now that the Pivot magnet is fufilled can soon be longed. Once monthly closes there will be a steeper fall and magnet retracement to the upper 40k areas
using weekly and monthly Camarilla and CPR
Ignore the time scale. I expect the bounce in the coming week. and the fall on or around monthly close
Waiting for the Swings: WKHS and SHLLRight now, two stocks that I am keeping a close watch on include WKHS and SHLL. I think that WKHS and SHLL should both have a positive swing pattern very soon, and overall I'm bullish. I think resistance and the short sellers are about to pop. That being said, proceed in your own risk. As always, everything I say is on an opinion based basis. Please do your own due diligence.
Euro scalp +40 pips possible hereAfter a two legged double drive down ( Gann) that 100% match, time for a possible bounce from
oversold levels on %BB.
I estimate that from volume profile node ( POC) above that much volume is 40 pips above which could
be a magnet.
Below the next lower volume node is where stop loss is placed below.