🔍 Market Context: - AEVO/USDT is currently showing signs of a bullish reversal after reaching a low point. - The price has bounced from a key support level, near the 0.2320 area, forming a potential bullish shark pattern. - Fibonacci retracement levels and previous price action suggest resistance zones to watch above. 📊 Trade Entry Criteria: - The price...
🔍 Market Context: - Bitcoin has completed a five-wave Elliott Wave structure, suggesting a potential corrective phase. - A corrective ABC wave is forming, with wave (b) rejecting at the 0.753 Fibonacci retracement level (106,484 USD), indicating strong resistance. - The price is showing weakness at key resistance, confirming a possible trend reversal or...
🔍 Market Context: - XRP/USD is trading within a rising channel, but recent price action shows signs of weakness near the upper resistance level. - A breakdown from a smaller ascending trendline suggests that bearish momentum is building. - The price is testing a key horizontal resistance zone while struggling to break higher. 📊 Trade Entry Criteria: -...
🔍 Market Context: - OP/USDT has broken below an ascending trendline, indicating a potential trend reversal from bullish to bearish. - The price is retesting the broken trendline as resistance, a common pattern before further downside movement. - Recent price action has been bearish, forming lower highs and lower lows. 📊 Trade Entry Criteria: - Entry...
🔍 Market Context: - AEVO is in a downtrend, with a series of lower highs and lower lows. - The price has retraced from recent lows and is testing key Fibonacci retracement levels as resistance. 📊 Trade Entry Criteria: - The entry aligns with the 0.5 Fibonacci retracement level (0.2717), a historically strong resistance point in a bearish market. -...
🔍 Market Context: - XRP/USD is in a downtrend, forming lower highs and lower lows on the 4-hour timeframe. - The price has bounced off a key support zone (green highlighted area) but remains under bearish pressure. Long here should have a tight stop, and be careful not to over margin your position. - Fibonacci retracement levels indicate potential resistance...
Acquisition of ExxonMobil’s Assets In February 2024, Sable Offshore Corporation (SOC) finalized the acquisition of ExxonMobil’s Santa Ynez Unit (SYU). This asset includes three offshore oil platforms—Hondo, Harmony, and Heritage—and the onshore Las Flores Canyon processing facility in Santa Barbara County, California. Initially valued at $643 million, the...
The XABCD pattern is a popular harmonic chart pattern that helps traders identify potential reversal zones in the market. It uses specific Fibonacci ratios to map out price movements and predict turning points with a high degree of accuracy. These patterns are advanced technical setups that require precise measurements and a strong understanding of Fibonacci...
Trading in a nice descending channel. Currently testing the upper channel resistance level which confluences with the previous moves 76.4% Fib Retracement adding weight to this level. Potential for another test of the equilibrium, potentially even the lower channel trend line around the -27.2 Fib Extension. Stops can be placed at break even / just above the...
Gold has broken a long term channel and a long term triangle (view other idea below) Zoomed in here, we can see the formation of a triangle, and a rectangle, both giving indications that we will see an upside break of the long term channel. Broken and retested the channel as well as the newly formed rectangle. Entry upon retest, stop below most recent low inside...
XRP has been consolidating above a long term channel for some weeks now, however the value remains over valued and we still anticipate XRP's return into the channel price range. As of right now, XRP is at the upper limit of the consolidation range, which provides us with a short entry where we can place a minimal loss stop. As you can see, we have numerous...
Simple chart. Gold trades within a descending parallel channel. Its testing the upper trend which also falls inline with the most recent high/low Fibonacci retracement 0.618 / 0.74 levels, key reversal levels. Target is the channels median line, which lines up with the -0.272 Fibonacci extension at around 16th-25th Jan at 2560 (116 PIP gain) Stop loss placed...
Gold is sitting on a local resistance level, this is a danger level to buy from, it would ideally be a good sell, with a stop loss now set right outside this channels upper resistance line for a very nice risk to reward ratio (This is the trade we currently have set) If Gold breaks above this resistance, we will see Gold head towards £3,000 by April 2025 as...
Taking a look at the daily XRP chart we can see that XRP remains above the long term upper channel resistance where it remains heavily in the over bought territory on the monthly time frame. Take a look at our Monthly XRP chart idea below for more on this. Back to the daily XRP chart, we can see that XRP has been forming lower highs and lower lows, a classic sign...
As mentioned in my previous XRP post, with a call to drop from 2.54 down to 2 which has just been fulfilled. what could be next for XRP? As you can see from the chart above, XRP has broken the long term ascending channel, which it has traded within since its inception. Upon break of a resistance so significant as this, we would presume that a test of this...
Gold is approaching our previously posted long trade target of 2674, which is both 61.8 retracement of the previous move as shown above. It is also the Weekly SMA target, and is bang on the higher timeframe descending channel in which Gold has been trading since it formed an all time high price of 2792 in October 2024. This provides us with multiple confluences...
With a new week Gold has finally started to make headway to our target. 340 PIP'S thus far Updating this idea from the previous on my publication page, we have changed the 2678 target to 2674 as a new trading week brings new dynamic levels. Stops moves to break even. We will look for a short on Gold at 2674 down to 2510 for the remainder of December. Happy...
Gold has been choppy all week, with multiple false breaks of channels. Should Gold push back into the larger ascending channel, we should see 2678 hit. Entering now with a stop below 2619 is ideal. 2610 to be safe.