Captured the big 4h move on the resistance level! Now im going to look where price will retest and go back to it's normal behaviour.. Price will probably reverse on one of the fib levels or marked levels.. if not it will break them and continue to the down side..You gotta monitor this shit
easy to follow support lines. wish you the best
Evening Traders, Second Analysis – GOLD – approaching key Local S/R where a technical bearish retest is probable. Points to consider, - Rising Wedge (Bearish) - Local S/R Resistance - 200 MA Resistance - .618 Fibonacci Confluence - 21 MA Dynamic Support - Oscillators Technical Divergence GOLD’s immediate Price Action is trading in a rising wedge,...
the reason on why I think gbpjpy could break structure is because price tested previous structure and did not created a new low so I can only assume that price is still bullish until structure changes. trendline is still being respected. I'll wait for price to break the structure and retest the zone for a long. adapt and improvise.
On September 1, AUDUSD reached its highest value in 2 years. But then he needed a break. In the middle of the month we saw a lower peak and a lower bottom after that. As you know, this is forming a trend and we expect to see a lower peak again. The moment we expect is now because we already have repulsion from the resistance levels and fixation of the peak. If...
NYSE:SHOP Support and resistance taken from 1 hour chart.
Evening Traders, Today’s analysis – BTCUSD – breaking back below Monthly S/R, pull backs on low volume indicates weakness, Points to consider, - Impulse Price Action - Local S/R Support - Resistance Confluence - Oscillators Below 50 - Volume Climax BTCUSD’s immediate price action is bearish by breaking below Monthly S/R, this allows us to have a bearish bias on...
Price has been ranging between support and resistance levels since the end of July. Recently, price broke through resistance on the 22nd of September. As price has now reverted back down to a level of previous resistance, we could see price reject at this level and at the 200 day EMA to create bullish momentum and move upwards. If there is confirmation of...
Evening Traders, Second update – AUDUSD- Price Action is approaching range high where resistance is probable to establish a bearish retest. Points to consider, - Impulse Price Action - Range Low Support - Range High Resistance (Bearish Retest Zone) - Oscillators below 50 - Volume below average AUDUSD’s immediate Price Action is impulsive, approaching key...
NASDAQ:LULU is approaching June Levels. The next major level on the downside would be the gap 249-251. The sellers have had complete control of the shares the past 3 weeks. The 3 lines are the 50 100 and 200 SMA's respectively, LULU had no problem breaking the most active level shown of 317.02 and quickly broke below the 100 SMA. The 200 SMA acts as support....
EURGBP shows very interesting action in this period. At the bottom, we have an uptrend line that recently proved to be quite reliable, rejecting the price at 0.9020. Another level that supports buyers' positions can be found around 0.9070, where we have a short term support: At the top, we have a very good downtrend line that, combined with other key-levels,...
NASDAQ:ZM Support and resistance- pulled from 1 hour chart
MATICBTC bounced on weekly support and now the price is trying to have a breakout from the daily dynamic resistance. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...
Evening Traders, Today’s Analysis – USDCHF- breaking key Daily S/R, holding structure will change the local trend. Points to consider, - New swing high - Daily S/R Support (200 EMA & .618 Fib) - 21 MA Resistance - Oscillators Divergence - Volume Below Average USDCHF’s Price Action has established a new swing high above Daily S/R. This shows strength in...
Dear traders, It has been over a week since the last S&P500 chart in which I showed we were close to ending the corrective move. Last friday prices sharply turned when they completed the elliott wave count and reached the bear flag target. It is now safe to say the bulls are back in town as current prices have beaten the wave A bottom. This means that the large...
Dear traders, I remain bearish for the moment for silver thanks to the poor effort the bulls have made. In addition I have changed the ABC correction to a 5 wave correction. One I was starting to lose hope in earlier this month. So far the bears remain in control and might give room up to around 24,50 dollar per ounce. Passing the bottom of wave 1 means the...
Evening Traders, Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance. Points to consider, - Price Action Apex - Market Structure Lower Lows - Key Dynamic Resistance (.618 Fibonacci Confluence) - RSI Divergence Forming DIAUSDT is trading towards its apex in a bullish falling wedge...
Evening Traders, Today’s Analysis – NZDUSD- trading in an Ascending Broadening Wedge with bearish price action, a retest of Weekly S/R likely. Points to consider, - Bearish Structure (H&S Pattern) - .618 Fibonacci Resistance - Weekly S/R Support (200DMA Confluence) - RSI Bullish Divergence - Stochastics Buy Cross - Volume Declining The current price...