Rising wedge... Bulls will get there 426.. But the summer belongs to the bears Volume is still MIA Wedge is seen in RSI
A regular bullish divergence emerges as the death cross* approaches on the above daily chart following an exact 50% correction in price action. On the 2-day chart below price action lands on the 2-day / 21-week SMA (green line) (actually 42-weeks of data). I use this ratio for a cleaner signal. In the past this SMA has offered strong support - look left. A new...
MID-TERM: Right angled descending broadening wedge with potential classic bullish divergence on the daily and close to a bullish shark. A lot of fundamental debate about this stock, do your own research. (not financial advice)
Hello everyone! FILUSDT could continue bullish up to 86 and 98, the best takeway here is to wait for it to close above 79.
DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
As you see in the daily chart of US100, price is at the upper side of the triangle pattern and could not break the last major high in its last upside move. The candles of two days ago have been rejected by the resistance level with long shadows. MACD shows a negative regular divergence: although price has made a higher high, MACD has made a lower high. IF...
As you see in the 1H chart, we have a downtrend and price is in the descending parallel channel. There is a resistance level around 90.25 - 90.3 which has been tested by price for several times. MACD positive bars are getting smaller and weaker which means there would be more downside pressure. Currently, price is at the upper band of the channel and is...
And so it begins. We do not believe it to be the big one, but a Wave 4 of the overall cycle. This position is somewhat supported by the indicators (RSI momentum, MACD). Elliott and Fibonacci do the rest. Remember that this is not financial advice and that we are not responsible for your portfolio. Only you are. You must do your own research and remember to act...
Will Bitcoin continue to move in this Descending channel or Break out it? This is a personal analysis and opinion. Please do not base it on buying and selling. Thanks.
Bitcoin continues to rise after the price formed the daily Hammer Doji near the key support level 30885.00. This candlestick patterns stands far outside of the lower daily Bollinger Band – increasing the upward reversal potential. Next upward target stands at the resistance level 36621.44.
EURUSD under the downward pressure today – under the effect of the of the strengthening intraday EURO sentiment ranked at -11 sentiment points. The next key support stands at the lower daily Bollinger Band at 1.213 (high RealStrength rank of 533). Intraday shorts are keen to drive the pair down to this band – after which the upward correction is likely – given...
The adjustment is complete and the big drop is about to begin. Let's see how much DXY can fall. Cloud band shows that the market is very large. To keep below the 4-hour moving average of 126 periods, the minimum path is to fall.
BCH /USD SHORT **Still waiting for entry** **Will enter on confirmation of confluences starred below** Here are my reasons for looking to enter a short position on BCH /USD. The confluences for my entry: ✓ Strong overall downtrend ✓ Rejection of major key level order block ✓ Rejection at the 0.5 Fibonacci Retracement level ✓ TD Sequential printing a 9 on the...
From the index behavior and the circled part, it is obvious that the current adjustment is in the process of 3-2, and it will not take long for 3-3 to arrive. The black rectangle will gain support, near R1 within the target week, as a 3-3 target.
Price break support made rejection candles.
Notice the similarities in price action, volume distribution (POC near daily high, while daily close at lows), bullish regular divergences. Also major June 10th USD news can cause a spike
Ok, as @miccross86 requested, here it is my view about AHT! We have multiple signs around. The 6.65 is the previous bottom, and if AHT breaks this price again tomorrow, it could drop to the next support areas, like the 6.34 (gap), or the 6.13. Yes, AHT just hit the 20ma and it could go up from here, so, let’s wait more confirmation, ok? Watch the 6.65! In the...