symmetrical triangle short term opportunity for upsidesymmetrical triangle short term opportunity for upside
stock name lumaxind can go long if it breakout form the trendline
take according to RRR
Upside
swing trade swing trade kpitech take trade as per your own analysis good breakout can go long according to your own risk
swing trade take position as per risk reward do ur own analysis before taking any trade stock name eclerx service
DOT on the brink of a major breakoutHi all,
DOT is usually trading below the radars of the big cryptocurrency influencers although it is already proven to be superior with its all technical advancements and future implementation as outlined in the roadmap. But this is not a pro-Polkadot post, so I will keep it simple.
1. Long-term downtrend - broken.
2. 21-EMA - flipped
3. $6-$6.2 horizontal resistance - broken.
What is next is the $7 mark, which is where the next major multi-timeframe resistance and former support area is situated. Additionally, it is the last high the token made on the weekly timeframe, which makes it important for the mid-term bullish reversal scenario. Lastly, that level was when DOT was initially halted back in 2020 triggering a 40 percent correction, so it is a sensitive one with a lot of trading activity around it.
I'm pretty convinced a clean breakout here will result in a major push towards the $9-$10 zone.
Let me know what you think in the comments
Regards
Outlook for the next week on E/UPrice reach HTF supply where Daily pullback can happen. But what I expect now is push highter for new high. Most likely it can happen in prices that I market out. Our view on E/U for next week is bullish.
(USDCAD) LOOK FOR BOUNCE FROM SUPPLY ZONE 1.35000!!Hope everyone's enjoyed a break, I took a lot longer then expected with moving in the process so I will have a mic set up very soon for more chart insight from myself! Anyway I thought id just share my view here on USDCAD and then cover some more pairs on request... The start of January is always quiet but as price picks up ill be watching this pair around the key area of 1.35200 for a possible bounce to continue in the current 4hr zone or a possible break of sideways structure for a move lower.
GBP/AUD upside ready for next week...Recently we have finally seen some rest bite for the pound after looming USD data. Other instruments are markets have also somewhat corrected and as we can see from GBP/AUD we are picking up some momentum to the upside with targets of 1.8400 for next week.
Always follow your trading plan regarding entry, risk management, and trade management. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Potential short term upside to 18-18200 before FOMC meetingPotential short term upside to 18-18200 before FOMC meeting
AUDUSD BUY trade taken!! UPDATELooking for this rejection to continue and hopefully we can see a nice push up to then give us a risk free trade to start the week! First targets 0.65000 where ill look at taken a percentage then hopefully can push higher!
AUDUSD new leg up CONTINUATION!!Looking at adding a buy position for price to continue this upside momentum... We are seeing nice signs all ready so the next few hours heading into London session could be a nice time to grab an entry.
(1D) BTCUSD 3-3-5 FLAT CORRECTION BREAKOUT IMMINENTWe are approaching the end of the 3-3-5 Expanding Flat correction that BTC has been playing out since April 2021. We are currently QUADRUPLE squeezed inside of the 50 DMA, the 78.6% Fib Retracement level, the upper price level of the previous correction (from Dec 2017), and the upper trend channel of Wave C of the current correction, which can build pressure and blast off at any moment. Ideally, I'd like to see Wave 4 (of Wave C) complete and give a little more down side to complete Wave 5 at around $13K. However, the quadruple squeeze dynamic could give us a break out at any moment! Keep your eye on this one, the chance to get BTC at these levels is running out!
(D) XAUUSD GOLD 3-3-5 FLAT CORRECTIONLooks like a nominal 3-3-5 Flat correction with some overselling on Gold, should turn for upside soon.
Good long opportunity Broke bearish trend on 5m now ready for pump to minimum 105 to find new daily high for confirming M pattern
EURGBP New rising trend line +80 Pips Welcome back! Let me know your thoughts in the comments!
**EURGBP - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Dead cat bounce upCould catch a few pips going up to the trend line, however I think the downside will be a greater trade to hold out for. I see us heading back down to retest the 18000 area before we take off on a healthy bull run.
(D) WTI Crude Oil Critical JunctureAfter breaking below the 50 & 200DMA, there are two areas of local Support remaining for WTI Crude Oil. First one being the major trend formed by connecting the dips in mid-April 2020 and December 2021 and extending outwards. This trend also intersects the 61.8% Fib support nicely at around $88, which we are now approaching. The Fib retracement was taken from the start of the last local impulse at the Dec 2021 dip (around $62) to the last local high of $129.5, which occurred in early March of this year. I believe we are completing a 3 wave Flat pattern correction, which started from said local high. I am expecting to see a bounce for upside when the chart approaches this intersection (aka critical juncture) of the two supports, despite my expectations of upside in DXY. This would indicate Supply/Demand dynamics of Crude Oil would overrule a strengthening Dollar relative to other currencies. This also seems to be supported with RSI approaching Oversold region.
If she decides to break below these supports, I am expecting to see a smaller time frame correction for downside (as shown by the dashed arrows). However, I am biased against this downside as I'm not seeing the long term Bear case for Crude Oil in context of the rising Demand vs diminishing Supply and Production of Oil in current markets. Only thing that would make me go Bear is if the Dollar strengthens faster than the demand for Oil, or somehow more Supply enters the market, or Oil price reaches the point of Demand Destruction. I don't think we are there yet based on evidence of increased demand for travel and with many countries building new roads and airports. Doesn't seem like we have reached the price of pain for the majority of people yet, and undeveloped markets that get priced out will revert back to coal, wood, and animal fat for energy, but only time will tell.
BTC brake out up side. I think we are at a ascending triangular move up. according to this predation I see a move up by 15th of June and no less than 8% no more than 30% up. This will be a long position. With that said we could see a move after July to a new bottom of about 23k so keep your eyes open and don't blink, this will be a fast sudden move. 50 EMA lines are about to cross and BTC should go up after this week end. So over sold that if it go's down more from here, new money will fear Crypto and not want to invest, Lets face it, No mater what, no investor, small or wheal wants that because it will be the death of crypto or any stock that can't get new blood. For that fact I say it's only going up for for the rest of the summer. In the fall it will fall before a short lived rally in January. Time will tell. Good luck and enjoy your weekend when you get to it!
As always never invest more than you can afford to lose and never take anything anyone says as financial advice unless your paying them for it.
Triple Bottom Bullish Platinum Platinum to replace Playdium due to much cheaper prices supply is low demand is high very bullish
ETH - Might Still Be In a Bull Run - Alt Season ExpectedWith the recent capitulation eth has not set a new major local low like BTC did. Chart is behaving oddly similar to what btc correction looked like in July 2017. Back then we made a new ATH, then had an initial 50% correction (like we did in May - July 2021) then going back up, barely setting a new highs (green marks) before going into a second capitulation, that took btc even slightly lower then an initial fall was.
It looks like ETH with the rest of the altcoin market cap is doing the same.
If Eth starts to correct rapidly to the upside, without slow grind, but just exploding upside, like a presented with a yellow arrow like you can expect new ATHs to be in the cards and the big altseason to start especially for the rest of the "OG" alts that haven't had their true bull run yet.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:ETHUSDT
BITSTAMP:BTCUSD
XAGUSD SILVER 3-3-3-3-3 TRIANGLE CORRECTIVE STRUCTURE (D)Seeing a 3-3-3-3-3 Expanding Triangle corrective structure developing on the Silver ( XAUUSD ) Daily chart for long term upside. Corrective structures on this time frame can take up to 2.5 years, and this one is certainly tracking towards that kind of duration. We are currently progressing upwards within Wave D of the Triangle, while completing a Running Flat on the second wave of D. Expected nominal target of $31 before we start the last leg of the Triangle for a short term down on Wave E to around $21 nominal. We can expect the long term upside to take off perhaps by the tail end of Summer.
😱. WARNING we posted a Outside UP month in the NDX100PRO TRADER : Hey, newbie! We posted an Outside Up Month on the NDX100, did you see?
NEWBIE : What is an Outside Up Month (OUM)?
PRO TRADER : It is a month where you get higher high, lower low and a close higher than the close of the previous month. It is a sign of strong momentum.
NEWBIE : Thanks, Pro Trader. How can I make money out of this?
PRO TRADER : Well it is not a signal but if you backtest it you will see that after the times the NDX100 has make an OUM
the stock market has traded higher in the next 8 months 91.3% of the times!!!
NEWBIE : Wow!
PRO TRADER : Also if you compare the gain after the times we get a OUM to those without OUM, you see 50% larger gains - so a bet to upside seems to pack a punch!
NEWBIE : Thank you, Pro! I will make sure I use the info!
GBPCHF 1-2-3 ($$)GBPCHF in a very very early stages of a potential perfect 1-2-3 play. Keep an eye and follow the step by step play to see if we can pinpoint an entry from this idea.
