Good afternoon,
I hope you are all well. It would be great to hear your thoughts on the US500 market. From my analysis I feel like the market is exhausted and will be looking to find new buying money, to acheive this we will need to see the market take a dip. Just take a look at the pattern, very simlar to the last time we hit these heights!
With a very weak GBP we have seen it take a huge drop into an area where the most amount of money has been traded over the past 9 years! We saw a very fast rejection but will we see it test the level again and do you think it'll break through?
We have seen Gold break through a major support level with a lovely clean break. Most will be buying from here but watych out for the trap! Watch this price move back above support before moving down to the lower area marked out!
Where next for BTC? Stuck in consolidation since June the 22nd, thats 3 months!!!! Price has been stuck between $17500-$25000, we can see it's struggling to break above the $25000 area but it has breached the $20000 level multiple times, this would give me encouragment that we will see a break to the downside. This doesn't mean we enter a trade right this second...
Good evening,
We have seen a daily downtrend in this market, as most of you know I work down from the higher timeframes to the lower. As we can see from the chart on the 30m timeframe we are approaching a zone where we can expect sellers. We can see the volume in the upper blue rectangle holds a lot of money, it's our job to monitor what happens when the price...
Patiently waiting for this set up.
The Daily chart is now showing a strong bullish trend.
Here you can see on the 30m chart a strong resistance level has been breached, how do we know this was a strong resistance level? Take a look how price reacted to the upper purple zone, we can see price head in to that area before being rejected sharply numerous times....
Patiently waiting for this set up.
The Daily chart is now showing a strong bullish trend .
Here you can see on the 30m chart a strong resistance level has been breached, how do we know this was a strong resistance level? Take a look how price reacted to the upper purple zone, we can see price head in to that area before being rejected sharply numerous times. We...
