


YEHOK
To me this looks like we are going to see a classic support / resistance flip. Bearish continuation for DXY into monthly demand which will be a medium term reversal area and the beginning of a strong deflationary period. This is the shakeout in equities before one more move to the upside coinciding with this final move down in DXY. NASDAQ resistance now as...
Daily demand zone at local 0.618 and proposed rising channel support line. Rising channel resistance at daily supply zone.
Hello all and good evening to everyone! If you have been following along you'll know that we have been tracking a weekly descending broadening wedge that has broken to the upside and since re-tested the resistance line now as support. We are currently flipping the 10k resistance level as support which is also our macro 0.618 golden zone. We can see price in a...
Potential back test of this weekly structure with the target range at $16,000 Not financial advice.
Where I believe we could be in this consolidation period if following a fractal pattern. Here are some important levels i am watching in the near term. $10,900 - $11,000 is going to be critical moving forward. Something to watch out for is this potential descending broadening wedge. not trade or financial advice.
I will not be going into fundamentals. If you wish to discuss this feel free to DM me. Lower highs and lower lows in a descending structure / downtrend after a major move is indicative of weakness. What we would be looking out for next is a possible bullish divergence to form on the daily chart for a reversal. Currently on the 1D chart we can see a bearish...
Fundamentally, the most probable reason for housing being at such high levels currently has to do mainly with the loan forbearance. This will not last for much longer as most of them will be expiring by the end of this year / early next year. Technically we can easily speak of this narrative and conclude that soon there will likely be a major correction in...
This chart speaks for itself. Descending channel into a weekly demand zone with a MACD bullish divergence. BTC dominance heading towards 80% +. Not financial or trade advice.
Hello all and good morning to everyone! BTC has broken above the highest candle close of 2019 and is now back testing as support. The developing candle has reached the 1.272 resistance level with an upper wick and If we start to pull back now the areas of interests are marked on the chart with crosshairs. It is expected that we reach the 1.618 extension based on...
Prior price action compared to now with every fib extension off the impulse flag that stated the consolidation/re-accumulation structure. Current price action closely following prior structure. Not trade advice.
falling channel and fib extensions. Could go as low as 1.618. 4H/1D demand zone at the 11.2k region.
Anticipating a consolidation coil in between these two fib levels before breaking higher. Potential target is the 1.272. Not financial or trade advice.
NOT FINANCIAL ADVICE. WYCKOFF DISTRIBUTION SCHEMATIC
Continued from last idea. Immediate support marked by this hourly demand zone. Ultimately expecting breakdown to daily demand before bouncing to higher levels marked by the purple ray
Short term setup anticipating a local top in this next supply zone granted we stay above the marked white line and previous high. Not financial advice.
Hello all and good morning to everyone. $9,350 resistance is proving to be strong as of currently. If price continues on this local trend we can expect the descending support line to hold up near this demand level marked on the chart as well as the 0.786 Fib retrace. The channel itself would be expected to have bullish ramifications even if only short lived. Not...
Hello all and good morning to everyone. Here is a simple chart with a channel and a demand zone. Technically this is an ideal long setup if patient enough. What we are doing here is forecasting price action based on the trend and behavior of the MACD. Seeing a lower low in the price while anticipating the higher low in the MACD is what we are looking for in this...