Hey folks! DXY has been in a steady uptrend for quite a while now and the price seems to be holding the support really well. Perhaps we can see the price bounce from the support line. I think this is a pretty good spot to enter a long position since the risk is limited while the potential reward is much higher.
Hey folks, happy Monday! Gold seems likely to follow the ABCDE correction pattern which means that it is a nice time to short and then go long. Long term wise, gold seems to be forming a cup and handle pattern which is very bullish. If we do indeed see an ABCDE correction, then the breakout will be extremely bullish!
Hey folks! Hope you are having a wonderful day so far! I was just looking at AUDUSD and I noticed that the price has formed a double bottom pattern and also an ABC correction pattern along with it. I think this is a great opportunity to enter a long position! My stop loss is set at 0.695 and my take profit is set around 0.75
LINKUSD seems to be forming an ABCDE correction pattern which is very bullish. We can perhaps expect a breakout soon! We also see Link falling below the 2-YR MA multiplier which signifies that it is "undervalued" My stop loss is set around 10.7 and my profit target is set around 37. This is more of a longer-term trade.
Heya folks! Welcome to my technical analysis on Tesla. Disclaimer: this is just speculation and the pattern might not play out at all. Trade idea: Tesla is currently within an ascending triangle and it looks like it's forming an ABCDE correction pattern. We are currently at the C wave of the pattern. The MACD indicator is about to cross which could signal...
Hey friends! Happy Sunday and welcome to my post on fundamental analysis on NYSE:GPI . NYSE:GPI (Group 1 Inc) owns and operates 49 collision centers and 191 automotive dealerships across 248 franchises in the U.S., the U.K., and Brazil, offering 33 brands of automobiles altogether. U.S. locations are mostly in metropolitan areas in 15 states in the...