🔸Hello guys, let's review the daily price chart for BBIO today. Noteworthy compression in progress, and also a decent sequence of higher lows, therefore expecting more gains in BBIO. Short-term pullback into May/June, however should find support near 10 usd later. Currently trading at 15.85 usd. Open liquidity gap near 30 usd will be targeted by the...
🔸Hello traders, let's review the daily price chart for OMER today. We got strong ongoing accumulation in range since april 2022. Trading in well defined range and chart looks good. Range highs set near 5.8 usd and range lows set at 2.50 usd. Premium prices overhead at 7.50 usd and below at 1.80/2.00 usd. Currently trading near range highs, so naturally...
🔸speculative buy/hold setup for USDJPY bulls, compression. Recently rejection from overhead resistance at 133.55. Compression into triangle formation in progress now. 🔸Noteworthy sequence of higher lows at 130.25, 131.00 and expecting another higher low at 132.00 after pullback. 🔸Recommended strategy bulls: seek to buy/hold near 131.00 stop loss below latest...
🔸Hello guys, this is 8 hour chart for SPX. Trading in well defined range since June 2022. This is an ongoing accumulation/distribution process. Currently risk/reward shifting in bears favor. Especially as we are closing in on the short sell in May and go away, I expect bears to take over. 🔸Active trading range is defined by range lows at 3700 and range highs at...
🔸Hello traders, today let's review daily price chart for XRPUSD. nice gains recently off the range lows, however currently price getting overextended and trading near range highs, so overall risk/reward is shifting in bears favor. 🔸Active trading range is defined by range lows at 35 cents and range highs at 52 cents. Premium prices at 30/33 cents and 55/60 cents...
🔸Hello guys, let's review the 8 hour chart for GBPJPY today. The active range is defined since April 2022, so we are still trading in this range 12 months fast forward. Currently risk/reward shifting in bears favor since we are closing in on range highs. 🔸Active trading range is defined by range lows at 157.80 and range highs at 167.20, so this is almost 1000...
🔸Hello guys, this is 4 hour chart for nzdusd. Previously coming out of a strong downtrend but right now distribution in progress, bear flag setup. Heavy rejection from overhead resistance at 6340, and right now all rips/rallies get sold 🔸Risk/reward is shifting in bears favor as the pattern is nearing it's completion. Expecting all rips/rallies to get sold in...
🔸Hello traders, today let's review daily price chart for spot silver. Currently bull run in progress. V-shape recovery off the strong base near 19 usd, expecting more short-term gains until we hit resistance overhead near 28.40 usd. dips/pullbacks can be accumulated for TP at 28.40 🔸Silver prices slowly catching up with gold. I expect price to hit 28.40 sometime...
🔸Hello traders, today let's review the daily price chart for DOGE , recently nice pump was generated by the elon musk's zombies, and therefore DOGE popped hard off the lows. 🔸This market structure in progress resembles XABCD pattern setup, bearish once it's completed at point D, so limited upside beyond 10/11 cents. Also most rips/rallies get sold in doge...
🔸Hello guys, today let's review 3 hour price chart for DJI . Speculative Inverse H*S setup in progress. This pattern was recently covered in the reversal technical patterns overview, details see below. 🔸Strong V-shape recovery in progress should complete later near neckline at 34 230. Then we should get a decent pullback to form the RS of the IHS pattern...
🔸Hello traders, let's review the 8 hour chart for USDCAD today. Currently trading in well defined range, since October 2022. Right now closing in on range lows, so naturally the risk/reward is shifting in bulls favor towards premium prices. 🔸Active trading range is pretty wide, almost 500 pips wide. Range lows defined by 3400 and range highs set at 3770....
🔸Today let's review the 8 hour chart for crude oil . Previous setup was invalidated due to the unexpected OPEC production cuts. Right now technical outlook flipped to bullish. 🔸Price gapped higher almost 10% after the OPEC production cuts were announced. Bulls hit the strong overhead resistance at 82 USD/bbl and right now I'm expecting a short-term pullback and...
🔸usdjpy 8 hour chart overview with xabcd advanced sell setup, speculative setup. This is an advanced entry xabcd setup in progress, recommended strategy is to short sell from resistance once we max out near point C this may take 6-12 days. currently the pattern structure got point X/A/B confirmed, point C/D still require confirmation. 🔸The xabcd pattern is...
🔸Hello traders, today let's review 2 hour price chart for gold. Currently accumulation in progress. Trading near range highs, no valid setup for the bulls at market price. Gold market recently generating solid gains due to increased uncertainty in traditional markets. 🔸Right now gold price is preparing to re-test the ATH, therefore accumulation in range last...
🔸Speculative bullish xabcd setup in Monero on 16 hour price chart. Advanced pattern setup, since point C and D still require confirmation. Do not execute the trade at market now, expecting pullback in April and then be ready to reload near point D below market price. 🔸The xabcd pattern is defined by point X at 126 usd, point A at 181 usd, point b at 139...
🔸Hello traders, today let's review gbpjpy 1 hour chart and see if there any any valid patterns. This is a speculative xabcd setup in progress, recommended strategy is to short sell from resistance once we max out near point D later next 1-2 weeks. Right now we are trading at 163.60 near point B level so no valid entries for bulls/bears. 🔸The xabcd structure is...
🔸Hello traders, today let's review gbpnzd 8hour chart. currently we are closing in on heavy supply zones overhead, this is 9850 and 2.0000. In fact we already triggered 9850 and so price is already pulling back, however most likely price will do one final push to trigger overhead supply at 2.0000. 🔸Risk/reward is shifting in bears favor as we are closing in on...
Hi traders today let's review XRPUSD 8 hour chart strong chart sequence of higher lows in progress potential/speculative ABCDE price fractal final TP BULLS is points E at 127 extension, here's the detailed overview of the setup: :::point A at 40 cents :::points B at 33 cents :::point C at 42 cents :::points D at 35 cents :::point E at 46 cents :::point E is 127...