Based on the Fibonacci Extension, CHF/JPY is looking to make a push to the 167.700 region. For a while, sentiment had shown that CHF/JPY was in favor of the Bulls after having a 79% Short ratio verses 21% Longs. A contrarian signal. However, the longs began to accumulate and a liquidty sweep became apparent. We now could have a flushing of those Bulls in place....
Onyxcoin is flashing a Bull flag on the hourly chart along with a Cup and Handle formation. We also have confluence of price being above all 3 moving averages of the 20. 50. 200. In additon, the recent impulsive move to create the bull flag pole, gives us an fibonacci extension target of .00259.
Bitcoin is currently inching towards to 70% levels of the Fibonacci retracement level. With that in mind, there is a high proability that we visit the 78% level as well. The Yellow box represents these levels. Price is also currently below the 20MA, 50MA & 200MA. There is currently $974 Million long liquidation orders if price reaches $48,500 level. This is very...
AUD/JPY has visited the 23%, 50% and is looking to head to the golden ratio of the fibonacci retracement level. From current price, thats a 83 pip drop. Currently we have 59% Long and 41% short. This gives us a contrarian signal to look for short set ups to the downside.
Volcon, Inc. (NASDAQ: VLCN) is pioneering the all-electric, off-road powersports market. The company designs and manufactures electric two and four-wheel motorcycles and utility terrain vehicles (UTVs), also known as side-by-sides. Their product line includes innovative upgrades and accessories to enhance the off-road experience. Volcon aims to lead the transition...
On the 30 min time frame we have a potential cup and handle pattern shaping up. Currently the majority of traders have been short on this market for the past days and currently 72% of traders are selling. In combination with the price moving upwards, this creates a bullish indicator.
RILY (Riley Financial Inc.) is a financial company offering diverse services including investment banking and brokerage services. As of the latest data, the stock has a substantial short interest of 10,571,625 shares. This figure is crucial as it represents the total number of shares that have been sold short but not yet covered or closed out. Short Interest...
Sherwin Williams has printed a Double Bottom set up on the Daily Chart. Ideal target is to the neckline.
A double bottom has formed on ReTo. Our preferred method is to trade the asset back to the neckline and not to the target. Remember all Double tops and Bottoms are nothing but price retuning to supply and demand zones.
Potential Cup and handle pattern shaping up on the hourly time frame. Above target zone is a supply zone as well.
My analysis indicates that Bitcoin has recently completed the fifth and final wave of its impulse phase. This phase is typically marked by a strong upward trend, driven by a surge in investor optimism and market euphoria. However, this is not just a peak in price; it also signals an impending shift in market dynamics. We are currently observing Bitcoin's...
HBAR is looking to push lower into the .045 range of market structure. Price is currently under the 20, 50, and 200 MAs. Bitcoin is facing more downside pressure as bulls are being squeezed. In the past 24 hours , 34,248 traders were liquidated , the total liquidations comes in at $102.36 million. HBAR has had some positive news recently with securing...
Looking for EUR/GBP to revisit the neckline on this Double Bottom. One June 15th, ECB interest rate decision will be made as well. Which could be in line with the decision of US Markets.
With Inflation remaining high, we could see the dollar strength pick back up, thus making it's way back down to the Golden Ratio Fib levels which sits in the targeted box zone on the chart.
SHIB has printed an inverted Head and Shoulders pattern on the 4 hour chart. We also see a Bart Simpson inverted pattern being formed as well. Targets are currently the measurement of the impulse bullish leg. In Addition, we see that targets are currently sitting at a key supply zone.
We have an inverted head and shoulders shaping up and a mini Bull Flag pattern. We could see price push to retest supply zone. We also have on the sentiment data, 60% of traders are net short. This gives us an contrarian signal. With any entry, 30-35 pip stop loss is recommended. For tighter stop loss, draw fibs on mini flag pattern and place stop loss below the...
It appears we have a liquidity grab with the false breakout with the recent break of structure. We are looking for price to make a strong push to the target supply zone.
Could we see a rally on the US Dollar after the recent liquidity sweep? This is a low risk trade set up as we will set stop loss tight around 15 to 20 pips below the current swing low point. However, be mindful to adjust stop losses during session turnovers due to spreads being too wide. This is a low risk trade because we are at support levels that if price does...