NVDA high term time frame fib levels. Use in conjunction with other areas of confluence.
SPY high term time frame fib levels. Use in conjunction with other areas of confluence.
We've experienced a lot of bearish pressure due to the Russia and regulation FUD recently. I am aware that SOL has formed something of a H&S pattern (neckline in pink). As many of you are aware this is a trend reversal pattern often found at tops. Because this likely is not a top I don't think it will play out as such. The neckline was protected nicely. What...
AVAX has been trading within an Ascending triangle for a while now. Last night the PA broke out to the downside along with Bitcoin. It is currently trading in a key support/resistance zone (white box). The bearish breakout occurred with relatively low volume and we have yet to see any kind of bearish follow through. Because of this I am looking for a move back...
Bitcoin has developed a descending triangle and is currently attempting a break to the downside on relatively weak volume with a golden pocket just below the triangle. Because it is the weekend there is relatively weak volume in both directions - lets see if we get a bounce off the golden pocket and some buyers stepping in.
Obviously there is quite a bit of time remaining between now and CME open on Sunday. However, it is quite common to see a rotation towards the CME close when futures open on Sundays. The CME close on Friday was 40640 so if price stays in this current range we could start seeing a rotation to the downside leading up to futures open on Sunday in order to fill the...
The major downtrend TL is in confluence with the golden pocket from trend-based fib and the volume area high. Looking for a possible short entry on a swing failure and subsequent rejection of TL. Will flip long on downtrend break if retested and held.