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Nasdaq will bounce off on this support towards the Key LevelMarket Instrument: US100 Timeframe: Daily Analysis: Technical Structure: Trend, Key Level, Support, and Reversal Prediction: Bullish US100 has formed a break-up to the upside and a pull back on the highlighted support. This promises a short-term bull ride back towards the key level or trend line formed. On the daily timeframe, it is very clear that the rejection of the support during the pullback is strong to the upside which seems more demand pressure is forming against the sell-off.
ULong
by Profitlio_Trading
USOIL This Bearish Expanding Triangle is Promising a Sell-OffMarket Instrument: USOIL Timeframe: Weekly Analysis: Technical Structure: Bearish Expanding Triangle and Key Level Prediction: Bearish On the weekly timeframe, I have spotted this very important triangle formed where it seems price is much controlled and moving nicely inside the structure. If the price is willing to respect the following upper boundary formed this will show up a nice reversal like earlier. And this reversal can be revisited back to the key level formed close to 65-66 as highlighted.
TVC:USOILShort
by Profitlio_Trading
Is Bitcoin Starting the Bull Market Now? Multiple Timeframe TAMarket Instrument: BTCUSD Timeframe: Multiple Analysis: Technical Structure: Key levels, S&R's, Trend, Moving averages, and Retracements. Prediction: Educational When I take a look at the weekly timeframe for Bitcoin against the Dollar I see a nice pattern or trend following the downside. After the rejection on Weekly resistance highlighted we have seen a strong sell-off up to now. The price has breached the first key level to the downside and formed a pullback towards the first level and then followed up a sell-off towards the second level. Also here we can see a clear breakout and the current price action seems to be repeating the previous action like what happened on the first key level, a pullback.  On the Daily timeframe, I have spotted a falling wedge pattern. And here the upper boundary has been revisited as the 4th impulse inside the structure and where it holds below the second key level as I mentioned earlier. If the BTC price is willing to go for the 5th impulse to the downside as expected this will be the pullback formed before the next drop towards the support at 30K. The reason why I am expecting this 30k support one more time is as the current reversal point doesn't seem to be a good demand zone yet. While the fact the 30K support is much promising as it pushed the prices twice from that level and above 60k by growing the price by 100% at the fullest.  Took a close view of my trade plan to make it clear and useful for those who follow up on this analysis on the H4 timeframe. If the price is going for a sell-off to complete the wave 5 and reverse back close to 30K support this will be a great bull run after confirming a breakout on the falling wedge formed. Nothing is guaranteed in financial markets. Don't predict just react to what it shows. Good Luck!
BITSTAMP:BTCUSDShort
by Profitlio_Trading
1
GBPUSD is revisiting the key level and here a reversal can formMarket Instrument: GBPUSD Timeframe: D1 Analysis: Technical Structure: Channel and Key Level Prediction: Bullish GBPUSD is on a bear trend following the key level highlighted. This level is very important on a daily timeframe as it has acted as a support and resistance in the chart. If the price remains stronger on bullish pressure after a visit to this highlighted key level we have the potential of seeing a start of a bull trend in the coming weeks...
Long
by Profitlio_Trading
2
AUDUSD Can show up a reversal on this areaMarket Instrument: AUDUSD Timeframe: D1 Analysis: Technical Structure: Major Daily Support and Channel Prediction: Bullish After the drop as we expected through our previous analysis things are looks like turning up favor to the bullish momentum. The price has revisited the major support and if the price respects the support and the lower boundary of the channel formed Aussie dollar has a great potential to show up a good bull trend ahead on 15 Minutes to H4 timeframes...
Long
by Profitlio_Trading
ABNB is on a major support, we might see a reversal soon!!Market Instrument: ABNB Timeframe: D1 Analysis: Technical Structure: Support and Trend Line Prediction: Bullish ABNB is on major support where we have seen a couple of strong bullish reversals formed. At the moment I have picked up a channel on the bearish trend formed and if we can find a good bullish reversal and a breakout on the trend line ( upper boundary ) created, then we might see a good bull ride to the upside close or above $175
NASDAQ:ABNBLong
by Profitlio_Trading
2
AAPL is moving above the upper boundary formedMarket Instrument: AAPL Timeframe: D1 Analysis: Technical Structure: Bearish Triangle Prediction: Bullish With my previous update, I was expecting the AAPL prices to follow a bearish trend after breaking the key level highlighted. But the price showed up a strong reversal on the key level where it has broken through the upper boundary of the triangle formed. If this bullish pressure remains strong enough we will see further growth in price for AAPL.
NASDAQ:AAPLLong
by Profitlio_Trading
XAUUSD will drop further to find a strong support 1785 then 1765Market Instrument: XAUUSD Timeframe: H4 Analysis: Technical Structure: Support and Trend line Breakout Prediction: Bearish We have seen a strong bearish follow in gold prices recently where the picked up trend line on H4 has now breached with a strong move to the downside. Here I believe the next strong support is holding close to the 1760 area. If the bearish pressure remains stronger we will see a further drop following 1785 then 1765 accordingly.
OANDA:XAUUSDShort
by Profitlio_Trading
Ethereum will find the support at $1700 nowMarket Instrument: ETHUSDT Timeframe: Daily Analysis: Technical Structure: Support and Trend line Breakout Prediction: Bearish With the previous analysis was expecting the price to show up a reversal and by now the trend line and looked over support has breached with a strong bearish trend. While the fact of invalidating the previous analysis I am looking into a support level holding at $1700 where it seems very important at this stage with an expectation of a further decline in prices for ethereum.
Short
by Profitlio_Trading
Nasdaq will bounce off one last time here on this support formedMarket Instrument: US100 Timeframe: Daily Analysis: Technical Structure: Channel Breakout, Support, and Pullback Prediction: Bullish The price of US100 has reached the first support we were looking at on the chart. Where I believe we might see one last time pull back to the upside and to find the resistance formed on close to 15700k. Following the price action recently printed it seems price is willing to respect this area for a while as support and this can be very helpful for a reversal and a pull back to form on the following bearish trend.
ULong
by Profitlio_Trading
2
AMC Can drop further to find a strong supportMarket Instrument: AMC Timeframe: Daily Analysis: Technical Structure: Fibonacci and Key Level Prediction: Bearish The following key levels spotted have breached with strong bearish pressure and this seems the price is willing to go further below these price levels in the next few days. If the support highlighted from the yellow thick line doesn't become respected by the price then we will see another breakout to the downside from the 12.06 area.
NYSE:AMCShort
by Profitlio_Trading