Symmetry in the 3 momentum bearish moves with price and time. Clear and important level to watch in the coming weeks for a turn.
1. Fib Channel - price action potentially inside of fib channel 2. AB=CD - potential AB=CD structure inside of channel. AB handle of 95 bars, potential symmetry with CD handle of 95 bars 3. Fib Projection - AB handle with 100% fib projection, CD handle potential 100% fib projection 4. Date & Price Range - symmetry between the 2 bearish moves within AB handle...
Several Patterns building a structure in XAGUSD: 1. Fib Channel formation 2. Mirror 100% Fib Projection Target 3. Date + Price Range correlation (2x, target is 3rd) 4. AB=CD Correlation (connected with Date + Price Range correlation) 5. Volume Profile Point of Control (lined up at target zone with all 4 of the above)
Potential uptrend continuation projection with: 1. 100% AB=CD correlation 2. Fib cluster zone of: 38.2 retracement 61.8 retracement 3. Support level 4. Fib Channel FX:AUDJPY
Correlation in current market cycle of EURUSD. ABCD structure completing at current price level. Identical 2000 point moves in the structure. FX:EURUSD
Silver showing nice market geometry structure. 3 month AB=CD structures correlating with triangle formations at completion. Something to watch in coming weeks.
GBPNZD has been trending up and recently come down off of key resistance levels. Price has been steady above a key price control level around 1.89. Currently price is at an important level to see if it should retest the 1.92 swing high, or push back towards the control level around 1.89. My bias is up considering the recent trend and a potential break above the...
Bearish Bias - Trend line resistance test - high volume proflie node test as resistance - supply zone - commonality between move from 5/27 to 5/30, and current move from 6/17 to 6/21 both in time and price movement
Bitcoin is currently at a significant level of demand. The last 3 times price reached the zone we currently find ourselves, we saw a large move to the upside. I expect the same here, with a potential exit around $8100, which happens to have several resistance points: - volume profile point of control - 50% Fibonacci retracement level - and 4-month trend line...
Short Bias: - Triple top resistance pattern - Low volume profile node reistance - Supply zone - 2 month trend line support turned resistance Looking for continuation of the down trend since we have yet to see a higher high on this time frame. Have fun trade smart!
Key level for price fibonacci cluster zone 3 month trendline test supply level test low volume node test = Bearish Bias However a breakout to the upside is not out of the question, in which case I will be switching bias to long side. Enjoy and trade safe!
Bearish Bias: - 10 month TL support turned resistance -Several touches as support and resistance on the current trendline (5 week TL) - Fresh supply level test - High Volume node resistance Great risk: reward setup, trade smart!
Of the pound crosses, GBPCAD is the most bullish. Thus, a reversal in the pound would point to this pair as the strongest potential mover. Additionally the following: Trend line resistance breakout reaction off 50% fibonacci retracement reaction off demand zone
Despite the bearishness in the pound, we see some support at the current level: Demand Zone test Bullish Hat structure Low volume profile node 38.2 fibonacci retracement support Waiting for a bullish signal to enter long, for a strong risk reward setup.
Simple supply demand long play with a couple other factors supporting for a long bias: Supply Demand zone support Value area of support of volume profile fibonacci retracement 88.6 of recent swing Not considered a high probability setup, but a good risk: reward opportunity none the less
Bullish bias based on following factors: - Trend line dating back 6 months test - Fresh demand level - Bullish hat structure at trend line - High volume node from volume profile Additionally, a look at XAUAUD shows price coming off a similar 6 month trend line and reversal candlestick, adding confirmation of depreciation bias for AUD.
Several factors pointing to a potential turning in this pair, but also waiting to see a few things happen. First what we see on the chart confirming bullish reversal bias: - Harmonic Crab pattern - Fresh demand level - 4 month trend line support test - High volume node Now looking at the XAUGBP pair, we see price bouncing off a support turned resistance level and...
Looking to add to the previous short position, with the addition of a head and shoulders fractal pattern where there is a head and shoulders pattern on the larger daily time frame, as well as the shorter 1-2 hour time frame. This is a strong confirmation along with a lower low and if price begins to turn down, a lower high.