Hello traders, today let's do an update on XRPUSD 4hour chart. Repeat fractal from summer 2022, this is an a/b/c/d price structure in progress right now. This same structure resulted in 65% gains off point c previously. Right now recommended strategy: buy dips/pullback into FED. Final target is point d of the structure, which is +40% gains from current market...
🔸Hello traders, today let's review the 4 hour chart for crude oil. Previously we were stuck in trading range, locked between 73 usd and 81 usd, however recently the trading range broke down and this exposed further downside below 70 usd / bbl. 🔸The active trading range is defined by 81 usd range highs and 73 usd range lows. Bears pulled the price down recently...
🔸Hello traders, today let's zoom out and review bitcoin daily price chart and recent swings in BTCUSD. What's the best price to reload bitcoin? What's the next big target for the bulls? When do we expect the price target to get hit? All the questions will be addresses today, so let's dig into it. 🔸Noteworthy, recently bitcoin is moving in 50% swings. The initial...
🔸Welcome traders, this is another update on Bitcoin, this is review of the 2 hour price chart. Bitcoin so far generated strong reversal off the lows in 2023, and off the lows gained almost 80% in value, so clearly bulls still maintain control. 🔸Let's review the potential market structure in progress, it's possible that this is a repeat fractal from...
🔸The concept of the Master Candle is well known in trading. There are different ways of looking at this trading strategy, but in its simplest form, a Master Candle is a candle which contains the highs and lows of at least the next four candles after it. 🔸Can be applied to forex, gold , oil , crypto, stocks and indices. 🔸simple rules to enter the trade based on...
🔸Hello traders, today let's review the 16 hour price chart of gold, nice bull market in progress since October 2022. almost 25% gains off the lows, however looks overbought/overextended currently. 🔸This market structure in progress resembles cup and handle pattern, so it's possible that we get a decent/strong pullback near 2000/2050 USD to complete the handle...
Reversal Technical Patterns overview: Part One Reversal patterns are frequently spotted at the end of the bear/bull market cycles. Here are some of the key patterns with higher probabilities. Can be applied to any market, including forex, crypto, stocks, indices and metals. Double Bottom (Bulls) Double Top (Bears) 🔸A double bottom pattern is a classic...
Hello traders, this is 2hour chart of SPX (S&P500). Currently looking at speculative XABCD setup, advanced entry on sell side from overhead resistance at point C, which is 4218. Points X/A/B confirmed already. Pattern overview and levels: X at 3742, A at 4173, B at 3853, point C and 4218 and point D/PRZ at 3615 (extension). Point C/D also coincide with liquidity...
Hello traders, today let's review gbpchf 4hour chart. currently we are closing in on range highs and therefore risk/reward is slowly shifting in bears favor right now, so bears should be on high alert and be ready to execute shorts from resistance. The active range is defined by range lows at 1100 and range highs at 1450. 1490/1580 premium levels overhead and...
gbpjpy 4hour chart review/outlook, speculative advanced xabcd setup in progress, short-term expecting more upside so higher risk strategy would be buy/hold at market and bulls will target point C at 165.75. However, I recommend to at least wait for point C to get printed before entering any trades in gbpjpy. xabcd pattern is defined by point X at 157.80, point...
Hello traders, today let's review a higher tf gold price chart. Noteworthy compression into expanding triangle setup in progress on 4days/candle price chart. Normally, this is a bullish continuation pattern, since previously we were in strong uptrend. So overall, strong bull run in progress, and the bear scenario was recently invalidated after heavy reversal off...
Hello traders, today let's review VIX 8hour and daily chart . Is it possible that another 150% burst is in the making now? Entirely plausible, in fact based on advanced XABCD setup the current pullback/correction might be over near 15/16.00 later in April. Based on time/price symmetry point C of the XABCD pattern structure might come in at 15/16.00 sometime in...
Hey guys, here's an advanced setup in eurjpy 8h. xabcd with x/a/b/c already complete, will be targeting point d at 133.30. recommended strategy is to short sell rips/rallies, bears will target re-test of 133.30 to complete the xabcd pattern setup. Here's the overview of the structure: x at 136.00, a at 146.50, b at 138.25, c at 144.40 and point d at...
eurjpy 4hour chart review/outlook. we got heavy rejection from key overhead s/r resistance zone at 145.00 so bears taking over from here. expecting mid-term losses and bears will target re-tests of mirror s/r zones at 140.30 and 138.50. conservative tp bears is +200 (tp1) and +400 (tp2) pips. 🎁Please hit the like button and 🎁Leave a comment to support our...
Hello traders, hope you didn't get caught up in this mess recently. Let's review the bitcoin daily chart, so we zoom out to get a better perspective on the price action. We are still stuck trading in major range, range bound since July 2022. Right now trading near range highs close to 25 000 USD, and it's not a great spot to go long, because most likely you are...
UKOIL 8hour chart review/outlook. Broke key s/r recently so expecting weakness next 4-8 weeks. Previously compression intro triangle pattern and sequence of higher lows was invalidated recently with break of 83.50 USD. sequence of higher lows at 76.50 and 79.85, but broke down with recent sell side pressure mounting due to US banking crisis. Based on measured move...
Hey guys so this is a noteworthy price fractal in APEUSD daily. This is a pump and dump fractal, A/B/C/D/E. 150%/200% pump followed by 50% dump/correction. Right now we are in the correction mode, based on projection from recent swings the low of the correction should come up near 2.20-2.40 USD. and then should be followed by another 150-200% gains. Right now I...
Hey guys so let's check out the 4hour chart for EURGBP today. currently locked inside trading range. Balanced market and this is a low risk setup for the bulls to buy low near premium prices, once the pullback is complete. Range is defined by range highs at 8910 and range lows at 8780. Premium prices below 8720 and 8750. Premium prices above 8940 and...