What a time. With big disruptions in global growth-- and still so much uncertainty amid the pandemic, I am bearish at current levels and expect to see a retest of the March lows. Price still in retracement within channel following initial drop in March, trading just below 200 day MA and 61.8 Fib level.
Price retesting 1.1350 as former resistance becomes support. Long to quarter point 1.15
Weekly TF technicals have shown a breach of short/intermediate term MAs and psychologically important support levels. Divergence and a crossover on the MACD support the case for more downside. My immediate thought is where will price find support? 2580 seems like the next significant level as the market retests the lows established earlier this year in...
BTC long to top of range. Intra day charts showing very clear HigherHighs and HigherLows and 20 EMA band adding support.
I believe the market is in a wave 2 correction following the reversal impulse on the intra day charts from the low made earlier this month from the .6700 level. I'd like to see the running flat complete wave B in the corrective sequence and drive price down to the demand zone one more time to finish wave C at the 88.6 fib. I'm targeting 100 pips Entry at...
Triangle set up taking shape as market consolidates.
the pair has reached the high it established at the start of the year. Confluence with a bearish gartley and an intra day double top in the resistance zone, and my immediate bias is bearish. First target 110.85 Second target 110.00
Last week, the stock closed above the ATH it printed back in the beginning of the year. After the dip it took following it's privacy concern issues and the overall market's choppy start to the year, the stock looks poised to continue the bullish trend. MACD signaled a buy on the weekly chart last month in conjunction with the pop back above the EMA band. Worth...
The corrective sequence following the break of the long term TL indicating continuation of bearish trend in pair.
I'm hoping I'm counting this wrong lol but if this is indeed the end of wave 3 for the S&P cycle, there's a huge potential downside move as the market enters the corrective wave 4. The market fundamentals are still bullish and there's nothing suggesting we're in for a downturn just yet, but it's an interesting observation. As always will be keeping a close eye on...
Previous support of the 1300 price level has held as resistance and with a strong break of the TL, I'm looking for short set ups to take down to the next level at approximately 1240.
Weekly chart is showing us multiple confirmations for a continuation to the downside. PA showing a double top at the 1.40 price level, suggesting a strong point of previous support before breaking through mid 2016, has now turned resistance. A break below the neckline and the EMA band came in conjunction with the MACD sell signal. There's a range between...
series of lower highs and lows on the 1H chart showing confluence with TL and a harmonic pattern presents a 1:1 day trade