ASX:GC1 is riding a bullish wave above $2049, signaling an opportunity for swing traders. Targets: 1. TP1 - $2098: A milestone reflecting early success as bullish momentum gains traction. 2. TP2 - $2153: The ultimate destination, representing the peak of the bullish surge and a potential jackpot for savvy swing traders. Risk Management: Always use a tight stop loss!
If you understand Bitcoin, you're looking far beyond current charts. It's fine to explore and even invest at chart breakouts—no wrong way to invest unless you don't. Here, KUCOIN:BTCUSDT is bullish as longs as its above $30,222 presenting breakout setups with fractals trading. Substack Search "Immaculate Experiences"
The TVC:DXY chart reveals a bearish trend, marked by a series of lower lows, signaling a potential shift in market sentiment. Despite attempts to rally, the index faced resistance at 107.348 and struggled to establish higher highs. With support at 99.617, investors are closely watching as the TVC:DXY fails to gain upward momentum. Traders should exercise...
The FX:USDJPY has made a decisive move by breaking past a key resistance level at 151.729, signaling the potential for a robust bullish trend. Chart analysis reveals a formidable support at 148.147, adding confidence to the outlook. As we navigate through this week, it will be intriguing to witness how this breakout unfolds. Contrary to popular belief, the...
Disney's earnings are on the horizon, and as any seasoned investor knows, earnings announcements can be quite unpredictable. It's almost like flipping a coin – heads or tails, win or lose. Even with the best guesses, you might still end up on the wrong side of the trade. So, let's dive into the technical aspects of Disney's current situation. We find support at...
With CME_MINI:NQ1! , the prevailing sentiment appears to favor a bearish outlook. To witness a breakout to the upside, CME_MINI:NQ1! would have to surpass the critical threshold of $15,232. However, it's worth noting that this level has already proven resistant to a breakout attempt, strengthening the case for a bearish perspective.
Today we want to talk about a bearish flag formation that has formed on the XAUUSD chart on the one-hour timeframe. This is a significant technical pattern that could signal a potential decline in the price of gold against the US dollar in the short term. Let's dive in and explore what this pattern means for traders. What is a Bear Flag Pattern? A bear flag...
Determine the direction of the trend: Before entering a trade, it's important to determine the direction of the trend. Heiken Ashi candles can help you do this by smoothing out price fluctuations and providing a clearer picture of the trend. If the Heiken Ashi candles show a consistent upward trend, you may want to look for buying opportunities. If they show a...
The NASDAQ Composite (NAS) is an index that tracks the performance of tech stocks listed on the NASDAQ exchange. Technical analysis of the NASDAQ Composite involves looking at price charts to identify patterns and indicators that can help traders make informed decisions about when to buy or sell. One commonly used indicator in technical analysis is the...
We have the 50 EMA at 295 and the 34 EMA at 293. The fact that the price is currently trading above both of these EMAs suggests a bullish trend in the market. This means that buyers have been in control and pushing the price higher. One important concept to keep in mind when trading with EMAs is the idea of support and resistance. In an uptrend, the EMA can act...
We have the 50 EMA at 12074 and the 34 EMA at 12003. The fact that the price is currently trading above both of these EMAs suggests a bullish trend in the market. This means that buyers have been in control and pushing the price higher. One important concept to keep in mind when trading with EMAs is the idea of support and resistance. In an uptrend, the EMA can...
The Exponential Moving Average (EMA) is a commonly used technical analysis tool in the financial markets. The 50 EMA and 21 EMA are two popular time periods for EMA analysis. In this post, we'll analyze the current market trends of the 50 EMA and 21 EMA, and explore potential trading opportunities. The 50 EMA, calculated over 50 periods, is a trend-following...
$BA @everyone MACD Divergence Stock price and moving average convergence divergence (MACD) indicator are showing a bearish divergence i.e price is making new highs while RSI is making new lows. This is generally a reversal signal. Horizontal Resistance Daily price is touching a horizontal resistance level. Price can hit the resistance level and start going...
Golden Cross The 20 moving average on the daily chart has crossed above the 50 moving average today. Monthly High Stock price is at monthly highs. Pivot Machine Gun (PMG) When price makes continued highs for 5 days. This is a bearish reversal signal only if price starts to break the low of the last day's candle. Volume Shelf Launchpad When price starts to move...
Good morning traders! $QQQ is showing signs of bearishness with resistance currently sitting at $309. The current support level is at 297.75 and I'm closely watching for a breakdown to continue the bearish trend. Keep in mind that we are at a support level, so be mindful of potential bounce-backs. This could be a great opportunity to jump on the bearish trend....
Good morning traders! It looks like $NAS is starting to slide down as the bearish trend takes hold. The current support level is at 12500, but keep an eye out for resistance at 12205. If that level is broken, the next support level is at 12022.5. Today, I'm only focusing on bearish opportunities in this market. Don't miss out on the action - follow me, tap the...
The $MGM market has gained attention due to the hype of the Super Bowl, but don't be swayed by the noise! The charts tell us that this market is on the rise, with resistance at $50 and strong support at $44. The charts never lie, and they say that $MGM is ready to make a big play. So, what did the charts say? They said: "Hold my beer, I got this!" Join us as we...
The $QQQ market has created a bear trap, but don't be fooled! We're expecting this market to head back towards the stop loss area and potentially proceed upwards. With strong support at 298 and minor/secondary support at 305, the $QQQ is showing bullish signs. The current resistance stands at 309, but let's see if this market is ready to break through and reach...