Mack_the_Trade

Mack_the_Trade

Hi fellow traders, I’d like to share my analysis of the U.S. Dollar Index (DXY) on the weekly timeframe. After observing recent price action, I've identified some key levels and scenarios that could play out: Imbalance Fill: The price has recently filled a significant imbalance area (highlighted in orange). Historically, such zones often attract price action,...

Mack_the_Trade

EUR/USD 1H Analysis: Bullish Momentum Building? On the 1-hour chart, the recent price action shows promising signs of bullish continuation. Here’s the breakdown of my thought process: 1️⃣ Exponential Moving Averages (EMA 20, 50, 100, 200): Price has successfully broken above these key moving averages, suggesting a shift in market sentiment toward the bulls. The...

Mack_the_Trade

The EUR/USD is currently forming a bullish flag pattern, characterized by a sharp upward movement (flagpole) followed by a consolidation in the form of a triangle. This pattern typically signals a continuation of the prior uptrend. Key Levels: Breakout Level: Watch for a breakout above the upper boundary of the triangle, around 1.0285. Support: A break below...

Mack_the_Trade

Hello traders, Here’s my technical analysis for NVIDIA (NVDA). The stock is currently positioned near critical levels, offering opportunities for a strategic long-term bullish play. Key Levels and Observations: First Buy Level: $130 The first area of interest lies at $130, aligning with the previous price structure. This could act as an initial support zone for...

Mack_the_Trade

Hello traders, Here’s my analysis on Rigetti Computing (RGTI). The current price action indicates a potential for a bullish reversal, with key technical levels and imbalances offering opportunities for long-term growth. Key Observations: Support Zone: Price is approaching a strong support area around $5.00-$5.50, with significant demand historically observed in...

Mack_the_Trade

Hello traders, Here's my bullish analysis on SoundHound AI (SOUN), focusing on long-term potential based on key technical levels and market structure. Key Observations: Support Zone: The $10-$12 price level is a strong area of demand, aligning with a large imbalance zone. This area could act as a solid base for a future rally. Imbalance Zones: The lower...

Mack_the_Trade

Hello traders, Here’s my bullish perspective on BigBear.ai (BBAI) based on recent price action and technical analysis. Key Observations: Price Support: The $2.40 level has shown strong support, with price currently hovering near this area. Imbalances: Two key zones of imbalance have been identified: A lower imbalance near the support zone ($2.40). An upper...

Mack_the_Trade

In the dynamic world of trading, every pattern and candle tells a story. Today, let's delve into NVIDIA, where a convergence of line break candles, the Double Tops pattern, and unyielding support levels are painting a compelling picture. First, let's talk about the line break candles. These unique candlestick formations often signal potential shifts in market...