Here I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time! Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be...
Here I have USD/CAD on the Daily Chart! Price has been creating Higher Lows into Lower Highs which is outlining a Pennant Pattern! Important factors to mention: The High price created at the First Touch of the Falling Resistance was unable to stay above the Previous Highs made on Oct. 13th '22 and Mar. 10th '23 and seems to be struggling with this Resistance at...
Here I have XRPUSDT on the 4Hr Chart in what looks to be a Bull Flag!! Price was previously in a Strong Uptrend prior to entering the pattern. -Price gave us 3 tests of the Falling Resistance and 2 tests of the Falling Support. If this is in fact a Bull Flag, we should expect a Bullish Break to this continuation pattern where price should continue HIGHER!...
[/image I'm waiting for price take out the major highs or a rejection from 2040...
This huge semiconductor has plenty of clout in terms of popularity with retail investors. HFTs are likely to gap on its earnings news which arrives on 11/21, next week. Clearly there are many who are confident NASDAQ:NVDA will meet or beat analyst estimates despite setbacks and restrictions. The run hit resistance and became overextended, so some profit...
Dollar Index formed 2 bearish patterns: First, the price started to trade within a rising wedge pattern, Then, a cup and handle formation was formed within its boundaries. With a single 4H candle, the price violated both the neckline of the pattern and a support line of the wedge. I expect a bearish continuation to 105.45 now ❤️Please, support my work with...
Here I have GameStop stock on the 4Hr Chart exhibiting signs of a potential Head & Shoulders pattern! GME hit its 52-Week Low last Monday so I believe this could be a great area for a potential reversal in the Bullish direction! www.tradingview.com The Neckline @ 14.30 has been tested twice now, once after the creation of the "Left Shoulder" and again after the...
Here is AUD/JPY on the 30 Min Chart in what looks to be a VERY convincing Cup and Handle Pattern starting to form! I expect price will finish the "Cup" @ 97.007 -THEN- Give us our "Handle" (Higher Low) to continue HIGHER being that its a Strong Reversal Pattern! Fundamentally: AUD -> NAB Business Confidence (Mon), Wage Price Index (Tue), Employment Change and...
Here I have EUR/USD on the 1Hr Chart which seems to be outlining what looks to be a Descending Triangle pattern!! We had price test the Falling Resistance TWICE with price showing the Support Zone down below. If this Descending Triangle should stand true I would like to see a THIRD test of the Falling Resistance before price falls back down to the support area...
Here on the Daily Chart we have The Walt Disney Stock. Price has been outlining what looks to be a possible Inverted Head and Shoulders! The "Neckline" @ 86.28 has been tested twice, once on Sept. 15th after the creation of the first "Shoulder" and again on Oct. 17th after the creation of the "Head". Now since we have the creation of the second "Shoulder" or the...
Here on the Daily Chart I have AUD/JPY showing signs of a Pennant pattern! Lower Highs into Higher Lows until a "Pinch Point" where price will need to break Bullish or Bearish. Pennants can break either way but the direction of the Market usually has an influence on where price will go after the break. Price has tested the Falling Resistance and Rising Support...
Here we have EUR/GBP on the 4Hr Chart in a beautiful textbook example of a Consolidation Rectangle Pattern! Clearly respecting a Resistance @ .87403 and Support @ .86829! Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern. Along with the Bollinger Bands showing CLEAR signs of...
Some exciting developments have come to light for Tesla and their CEO Elon Musk! Technically, price has been falling since the beginning of August with its Highs and Lows outlining what looks to be price traveling in a Bull Flag! If we want price to travel higher, we need a solid Break and Close above the Falling Resistance! Fundamentally, Tesla announced its...
Here we have the Apple Stock on the Daily Chart showing signs of a Falling Wedge! Consisting of Lower Highs and Lower Lows into a Pinch Point where typically we should get a BULLISH break! Technically, if we want to see this stock rise again, we need a good break of the Falling Resistance of the Wedge and with current news events and movements the tech giant is...
Key details explained in this trade recap showing the repeatability in price action and how you can use this to your advantage. GBPUSD short for +2%.
Gold broke out of a recent uptrend to form a correction through positive US data and peace strategies in Gaza. Price now finds itself hovering around 1990 with a level of resistance above in the region of 1991-1993. Price on the 4hour has also pushed lower to push off the 50/55 moving averages, prompting a possible double top on the cards. BULLS PLAN: -...
✅NATGAS was trading around the Bottom of the range and it Broke out of the triangle Pattern went up and is now About to retest the demand Levels below from where I think we will see a Strong swing move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Buy Gold @ 1914 - 1912 Monday 10/16/2023 10:29 PM 1908 StopLoss —> 1914.5 BreakEven+ TakeProfit 1: 1916 TakeProfit 2: 1918 TakeProfit 3: 1920 TakeProfit 4: 1922 TakeProfit 5: 1924 TakeProfit 10: 1934 TakeProfit 20: 1954 TakeProfit 30: 1974 ~ The Wizard Buy Gold @ 1921 - 1919 Tuesday 10/17/2023 02:19 PM 1915 StopLoss —> 1921.5 BreakEven+ TakeProfit 1:...