USDX🔥 Weekly timeframe of USDX🔥
Remember that just because price gets to either a Buy or Sell level doesn't mean you trade blindly. Always look out for other supporting factors to validate your trade. The more factors there are, the higher the probability of success!
Success we all pray for new week
Ameen!!
*_#trade with caution_*
Three Drives
SPX will rise if a short-term pullback line is brokenThe handle of a giant cup would make SPX return to earlier heights once price action would break through a streak of economy blues. Short-term patterns confirm this strong probability.
If a draw-down away from the breakthrough line turns out smaller than the past one by returning to the line, another signal is generated.
On the day of this writing, all SPDR sectors of America's 500 turned green from a week of turmoil, as did short-term indications of TradingView, turning back from red long-terms.
EURUSD Chart Analyse 1h Time FrameHello
Trend is BEARISH
There was a SUPPLY zone in 1.06-1.061 area which price has reacted to it last week ofcourse after a CHoCH that makes traders feel alittle bit BULLISH.
Breaking 1.055 confirms DOWN trend .
Next strong SUPPLY area would be 1.063-1.06750 that will make us ready for a SELL signal after a CONFIRMATION.
I will update the chart if any changes happen...
Borr Drilling - Final Leg Up of Three Drives Pattern (5:1 Long)The price action of Borr Drilling retested the bottom of its Accumulation range about a year ago, and now a bullish Three Drives pattern appears to be forming, one which is almost ready to extend its final upward leg. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
Note that I expect price to fall into the entry point, which has not happened yet (more on that below).
My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
Along the upper region of the pattern is a Distribution range derived from the Fibonacci channels that define the space, across which are arranged a variety of profit targets. Meanwhile, below is suggested a line of "Late Entries" and a "Moving Stop Loss" based on the Euler ratio of the Andrews Pitchfork.
Furthermore, the time limit is imposed by a the same ratio in a Modified Schiff Pitchfork, into which the descending leg of the pattern may be expected to fall.
Obviously, if the price action plays out as forecasted, there will be an opportunity to short at or near the top and aim at any of the downside targets given. That is already well into next year, and a lot will happen before next Summer.
Until then, be liquid !!!
CUP AND HANDLE• weekly chart analysis
• cup and handle chart pattern breakout
• one year to breakout cup and handle pattern
• stock treading at the 557 level and 530–535 as a breakout of the pattern.
• target for the chart patterns 680
fundamental analysis
positive for the stock
1) PE RATIO < INDUSRTY PE
2) PEG BELOW 1
3) ROE > 15%
4) ROCE NEAREST 15%
Business Segments
Edible Oil and Vanaspati
Distillery
Real Estate
NEGATIVE FOR THE STOCK
1) DEBT TO EQUITY RATIO APROX 1
2) EV/EBITDA HIGH
3) NO ONE MUTUAL FUND AND FII BUYING
EURUSD's Bullish Run on Weekly ChartDiving into the EURUSD action, the weekly chart indicates a continuing bullish trend. 🐃 However, before diving into a 1-hour buying opportunity, let's pump the brakes for two crucial reasons:
RSI Not in Oversold Territory ❌
Bearish Bias on 1-Hour Chart 📊
This pair now ranks as my lowest priority. 📉
BluetonaFX - DXY 3 Month Resistance BrokenHi Traders!
DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level.
104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The market has just completed the bullish three-drive pattern, which further supports our bullish bias on DXY.
The next target is likely to be the psychological 150 level, and then we have the six-month resistance level at 145.488.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
DXY 4H TF 💲DXY (U.S. Dollar Index)💲
🗣️ Update of US dollar index analysis - 4-hour time frame 🗣️
📆 Wednesday 6.9.2023 📆
As you can see, the dollar index has formed a base after breaking the long-term downward trend line and engulfing the Major SR line during the QM structure.
This area was so powerful that the index was able to rise above the Minor SR line by reacting to it.
According to the structure, we can consider this area as an FTR.
A pullback to this area can be the beginning of a long-term upward trend for the index.
📌 Note that DXY is fluctuating in the PAZ area, between FL ~101 and FL ~105 in the higher time frame, in order to make long-term and more accurate decisions, we must wait for DXY reaction to the respected flag limits.
🎗 Trader ACE Academy 🎗
The Graph /GRT/ moving through boring holidays. 1USDGRT moving through boring holidays.
GRT prepared for bullish movement to 23 cent. If resistance breakout price rise to 1 dollar. Take position after breakout and retest in daily time-frame we are now in resistance area. Bullish divergence pattern Lower low spotted. DYOR
GBPCAD → I believe a downward movement
hello guys...
if you check indicators like MACD or RSI you find out a divergence...
if you look wider and zoom out you see a three-drive pattern,
in my point of view, in this case, I assume an R:R 1:1 short position...
but for you, just wait until the price break out of the trendline and get a short position after retrace!
target 1: 1.6711
target 2: 1.66.06
target 3: 1.6414
target 4: 1.6315
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
ADA daily ( Buy Scenario ) Considering ADA's sharp movement from the 0.2920 level and the corrective steps in 3D, we expect another correction and a potential price bounce from this same level (0.2920), which is concurrently supported by both dynamic and static support. Keep a close eye on your watchlist, as there might be another sharp move ahead.
** If the daily Dynamic Support is breached, this scenario becomes invalid. **
📈Ethereum prediction, 2K or 1.6K? 📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello dear traders
Three drives pattern is either bullish or bearish. Since it is a reversal pattern when it fails, the three drives pattern indicates a strong continuation of the current trend.
Divergences are marked on the chart!
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
A biggg DROPPP on DXY is expected DXY is looking as if it will continue its bearish run after ;
-Mitigating a liquidated OB
-Creating inducement to trap everyone
-Creating a 'disrespected' reversal pattern
-To summarise it all, it gave us an Accumalation phase, then created an Manipulation phase and is currently in a re-distribution phase where an Confirmation entry is awaited...
like if u see something similar, share and drop comments if u see something different...
EURUSD Three Drives to a Top and ABCD in Daily SELLI had input an order at 1.121 to sell with a stop 60 points higher (1.127) because:
- We can see that a Three Drives pattern is about to complete at 1.1210 at the 1.272 extension (in blue).
- There is a clear ABCD from the last swing low (in red).
- Adittionally, there is another major ABCD formation (in green).
All of them converge to the same price level
Confirmed Pivot on Starbucks. SBUXLow of D Crossed. ABCDE >1.0Fibtime of A, thus highly likely for entire B Wave completion. IOf this is true, then expecting an impulsive descent down. It is interesting to observe how Fibonacci ratios coincide with levels of candlestick support/resistance. It is a well described phenomenon that is once again apparent here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
XAUUSD predicting until Sep 2027 with important days ! Hello traders this is the most important analysis that I uploaded and my predicting about the future direction of gold and important price pivots and predicting the dates of the main gold pivots as well as the return points of gold until 2027.This analysis is followed by my last analysis about gold in longtime period but today I added some important dates for changing the gold direct in future ! the red lines are important reversal point for gold and the blue line are the most important and major dates for changing the gold market direct. for more easily using I wrote the exact days dates here . you can judge it in future !
day/month/year !
19.06.2022 / 20.11.2022/ 01.05..2023(major) 18.10.2023(major) 13.04.2024/ 16.10.2024(major) 28.04.2025/ 16.11.2025
14.06.2026/ 18.01.2027 1.09.2027( major)
This analysis based on Harmonic Elliot and Harmonic patterns ( Three Drive pattern ) and time prediction analysis !