$TSLA is approaching the previous neckline. I want to enter a short position via $TSLQ as it moves closer to the $190-192 range.
Riding XAUUSD all the way to the 1918 area. Use proper risk management. Happy trading
On the daily chart, the AUD/JPY pair is in a strong support area, where the yearly trendline intersects with the monthly uptrend line and a monthly zone, in addition to a bearish weekly trendline, Fibonacci 61.8%, and the 100-week moving average. This indicates a high likelihood of strong price support at the level of 87.6. However, on the 4-hour timeframe,...
On the chart of Intel Corporation (INTC), we can see two bullish reversal patterns on a daily timeframe. We can see a Descending Broadening Wedge. This is a typical bullish reversal pattern. Once the price breaks out of the upside of the pattern the highest point of the pattern becomes the target. The second pattern is a forming Double Bottom. This pattern...
A lot of emphasis is placed on how to trade. What the best indicators are, what the best R/R is. However, I don't see a lot of focus on WHEN you should trade. I don't specifically mean when to get in and when to get out. I mean what HOUR of the day should you trade? There are few factors to this: - When is the time that you are most alert and can focus on the...
Hey, fellow traders! I'm keeping a close eye on CAD/JPY as it looks bearish and could potentially head south. In my technical analysis, I've spotted a trendline and RSI divergence that could indicate slowing momentum, along with a sweet continuation pattern in the price action. If we break the key "support/resistance area," the pair could drop as low as 97.5....
Hello traders around the world! My name is Alexandre Karim and today I want to talk about NZDCAD for a possible long position scenario. On the weekly chart we can draw a descending channel since April 2016 (Low at 0.86573) & November 2016 (High at 0.98831) till present taking multiple touches. The descending channel shows us an upside gravity + on the higher...
NZDJPY has recently completed its bullish wave and now we are in bearish territory. We can see that we're in wave 2, which is an ABC correction. We have a leading diagonal for Wave A which we've almost completed. We're looking for one more move up to complete the leading diagonal and then we'll be looking for a big SHORT. Trade Idea: - Watch for price to move...
DXY Week Outlook. USE RISK MANAGEMENT. Looking for the DXY to have a push either direction for this weeks news at the end of the week earnings reports, unemployment reports, non-farm payroll is coming out as well.
An opportunity to take short term position on the pair. Use proper risk management and trade responsibly
Hello Traders! Welcome back to another post with analyst Aadil1000x. In the previous post, the chart was not complicated as today's charts. In this chart, we can see this consolidation phase is a set of many patterns and after deep focus and a close view, I have connected all patterns and now we are ready to play with the market. Now we have a key reversal area...
looking like it wants to go bullish and love how beaten down it is
Is there a pattern of two valleys or two rising peaks? If this pattern is created, there will be an incredible growth for Bitcoin! The matrix indicator is also giving signs of an increase, which will intensify the creation of this pattern for me
DIA is in a coil (triangle pattern) after a big push up. After such great momentum upward, this looks like a good pennant pattern for a break up to eventually test the January 2022 highs. If you check the SPY it might also be in a flag pattern for a potential break up as well. Or it might be turning over. At any rate, I plan to wait for a break and plant stops...
A follow on to our last 2 charts covering BTC's 3-day Pattern! The 1-day Golden Cross has occurred and each time that it has in the past, BTC retraced just before or just after. Also following the cross of the 21 Moving Average Crossing above the 50MA, BTC retraced back to the 50 as id did in 2021, and crashing through it in 2015 and 2020. I have also noted that...
Hello Dear friends happy new year :D On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend. The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we...
A follow on to our chart before this: “Please read the analysis below to make better sense of this chart.” As we can see, our pattern for each time the 21 crosses above the 50MA, price tops out and retraces. Also hitting our 100 EMA resistance in 2015 just as we are seeing in the charts Now - 2023! However, unlike the 2021 cross, top and pullback followed...
Gold is ranging in a megaphone pattern, likely to break upward and continue the bull market it started in 2019. Looking for a pullback to 1825 area then back off to the top of the pattern near 2100.