audusdpotential for a liquidity grab before heading down. also a 4hr fib ext target sat above the level as noted on chart
Technical-analysis
EURO LONG INAUGURATION RALLY 1/20/21I'm still bullish the EUR. Broke a 4 hour downward trendline into a retest of double bottom support. Stop loss below lowest bottom. We've been long dollar for the past 2weeks but long term sentiment is to short the dollar. I believe the inauguration may be the catalyst to end this short term based on overall fundamentals and these technical confluences.
$EBAY SHORT TERM PT ~52Looks like descending tops on longer time frame, if rejection of resistance trendline confirmed, I expect test of ~52.
Beyond, if 52 fails, I expect retest of support at ~46.66.
Otherwise, breakout PTs are 58, 59, 61
Bull Case for PECK Looking at the highlighted green lines we can identify a strong up trend in PECK causing growth for the stock, as well as a retracement in the last few weeks which is a clear bull flag pattern. There is also a falling wedge after the strong uptrend which lead to the reversal that we saw causing the new price to break past the previous high of 10.50. There was a double top pattern but the price today has broken the previous high, and moving past the resistance level is a good indicator for this stock. Furthermore, we can identify a cup forming which means that if the price fluctuates and a handle pattern forms investors could average down their price at a discount while it rebounds soon. All in all the reversal from the falling wedge, strong uptrend with retracement, breaking the double top barrier and the possibility of a handle forming are all positive indicators for this stock. BUY!
EUR/GBP - Technical Moolah!!That's the Stuff that nobody teaches you!!!
Have you ever thought about having multiple Support and Resistence lines?
This is pure Technical Analysis using only levels and trend lines! Don't complicate your Chart with all the indicators under the sky when all you need is a couple of technicals to trade short or long term!
In this particular Situation, EUR/GBP got a bit distracted from the main trend, kind of like starting a new uptrend but then we can observe that it was just a distraction and it's going to get back in it's trend as soon as it has the chance!
ZEN - Confirmed Breakout? Looks like it!Zen has been seeing a spot of a downward wedge, ever since giving up the gains a couple weeks ago. We're seeing what looks to be a breakout from this wedge.
This could be pointing to a potential bullflag scenario, in which case the flag is looking like it's about to pop.
MACD is showing it's first bullish deviation in some time.
RSI is not overbought, but we can see the potential for short term reversal or retrace.
Volume confirmation on breakout so far.
This is looking like good breakout play. If you know how to trade a breakout, you know what to do here. If you don't, I suggest looking into it fast ;)
Bitcoin Nearing Target Date and Time - Pullback ImminentMy current projection exists within the "Price, Time, Pattern" boundaries of analysis. As I see it, geopolitical events (worldwide but especially in the U.S.) are expected to ramp up. Some chaos and civil unrest may ensue. This will greatly impact the broader markets negatively. Bitcoin, which currently rides in tandem with the broader markets, will also become effected. But not to the same degree. More on that in a bit. This aspect of my prediction coincides with the "Time" portion. I expect everything to culminate on or before Jan 6-8 of 2021.
Correlating to the "Time" maker, we are also seeing Pattern(s) on the chart indicating an imminent future reversal: a nearing to the 1.618 Fib marker, ascending wedge, declining bull volume (though great, still declining), and overbought markers on our RSI chart are all indicating at least a short term pull back could be coming.
Though, we are seeing massive amounts of wealth being moved into the crypto market (and it will continue), I do expect a pause of this action coming into January as geopolitical events in the U.S. continue to escalate. Much of the events that are about to take place will catch the majority of Americans by surprise. You will begin to see the VIX (fear index) spike. That will be the trigger alarm for things to come.
If we do begin to draw back, the following price points should be considered for entry or re-entry: 19891, 17146, 12,927. Of course, since the market will be directed mostly by geopolitical events, how low it goes depends largely upon how much fear can be generated by these events and by how much the broader markets are effected. Again, though I do see crypto being impacted, I don't see it being impacted to the same degree, as crypto is now starting to be seen as another safe space for cash.
As always, do NOT ever allow your emotions to sway your trades. Sit back and think this thing out logically, rationally, and reasonably. Crypto is here to stay. And, of course, Bitcoin, the big dog, will continue to lead them all. You are not wrong to stay in the market and HODL. You are also not wrong to begin cashing out on some portion of your investments here if you have been brave enough to hold this long.
No-one knows the future, including me. The insight I give is purely based upon the data that I have aggregated thus far. I use it to help point me towards future events. You don't have to accept it, but I hope you will at least consider it and use it to help you make healthy trading choices into the future.
Happy trading all!
SUNTV Pattern FormationSUNTV can break the pattern soon. Avoid going short before the trendline support is broken.
INDIAMART pattern formationIndiamart has formed a pattern. It can give a breakout soon if volumes and market support the breakout.
Apple Starting New Upward Trend Above Como Cloud1-chico span is Free and upward
2-Cloud is Upward
3-Rsi Over 60 , I like Rsi 60
Exit Point=if in any case Price goes under cloud about 10 Percent Lose But for Up trend we can optain 49%
Resistance is 191.69 , if Price Have Strong power To Pass it ,stay But if Price range in Following Area , Save Profit
Get on the board next GBP/NZD station is "Falling":(Part 4).Market is moving bearish 4H/1H.(Daily too)
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.88229 or 1.88880, then back to 1.85912.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and NZD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
IF you guys have any questions do comment.
Apple...been a whileTeam,
Hope you have been trading well. I have been a bit annoyed with the platform and a mod which has been trolling me. I wanted to follow up with an update on the recent price action for Apple, the specific levels I was buying and selling options and where I think we are heading to on the next leg up. NASDAQ:AAPL
ADA short term update.ADA couldn't break 0.176$ resistance and fell into lower range of 0.15 - 0.16$. We broke our 21 EMA support turned resistance, all of which is bearish.
However, if we can make support here; ADA would be set for a HL to go back and retest 0.176$. This would help make the case for a short term bullish ascending triangle. Just have to see if 81 EMA holds support. If it fails to do so, and we go down to our lower range of 0.13$, then we might be more than likely to complete a bearish M pattern.
BTCUSD | sell | Golden zoneBitcoin riched it's 3years high... it's a golden zone for sell...
there is too much volatility .. so market can spike you out anytime.
BBRI CUP AND HANDLE PATTERN ID STOCKSBBRI FORMING A CUP AND HANDLE PATTERN WHICH MEAN THIS PATTERN CAN BRING BBRI TO 4130 FOR THE FIRST TARGET PRICE AND THE SECOND TARGET PRICE WILL BE AT 4460 BUT BBRI WILL DO HIS 2NDARY REACTION DUE TO 1. STOCHASTIC OVERBOUGHT AREA, 2. DOW THEORY WHICH EVERY MARKET MOVE HAVE PRIMARY AND SECONDARY REACTION, 3. GAP AREA HAVE TO BE CLOSED! 4. CUP AND HANDLE PATTERN!
PULL BACK ENTER AT 156-171 RANGE - EXIT AT 2.10-2.20 RNGE OR HLDPULL BACK ENTER AT 156-171 RANGE - EXIT AT 2.10-2.20 RNGE OR HLD. Entry at 61.8 fib ret
ETH bounce from support, potential for a further riseETH bounced off 461.65 where it could potentially rise further to 505.88
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
NZDJPY - Muti TF Technical Analysis - 6 year trendline & SupportThis is a high probability trade with an almost 6 year trend line that we broke out of this month sitting on a well tested formerly supply zone, now demand. That's it. Simple trade. 😇
The Daily price action appears to be slowing down so should be primed for a buy right at the trend line.
Set your TP wherever you like but I'll probably set the initial TP at 73.5 but have it trailing at 1xATR and ride the incoming trend.
Please follow proper risk management. I use 1.5x Daily ATR which puts my SL at 225pips. Pretty large but as a more volatile pair, this could easily test your resilience and have a large DD before going in your direction. Buy at the DD and don't be the DD 😅.
Happy trading
AUDJPY scenariosthe pair has two options, if the red line make a support the price, maybe increase until next top but if the red line can't hold the price, the price will reduce until next support line.
we will wait for price action signal...
