longs are looking promising for audcad and we might be going long because of this wonderful setup, as we could see in the past that this pair respects market structure so brace yourself
Price bouncing between 2 green lines since sept 2023. Now back at the area of support at $1.24 Price has to close at $1.26 or above today to break the bearish trendline. At that price, the potential ROI is 5.53% at $1.33, or 8.73% at $1.37 Possible trade if closed at $1.26 today: Buy at $1.26 Sell and take back capital at $$1.33, and let the rest roll and see if it can get extra profit at $1.37 area. Stop loss if price closed below $1.24
EMS Ltd Cup Pattern High Delivery and Trade quantity this week. Close within 52 week zone. Close within All time high. Crossing above VWAP. Strongly outperforming Index and Sector Disclaimer: For educational purpose only. Please do your own research before taking any trades. Happy Trading!
Key Observations: Support and Resistance Levels: Support 1: 23,884.60 Support 2: 23,264.60 Resistance 1: 24,769.95 R2: 25,193.80 R3: 25,646.70 Trendlines: The chart shows a rising wedge/channel with price trading upwards near Resistance 1. The current upward trend may face resistance at higher levels, particularly R2 and R3. Harmonic Patterns: Shark Pattern (Left side): Indicating a reversal in earlier phases. ABCD Patterns & Cypher: Multiple harmonic patterns suggest significant retracement zones and reversals. Volume Analysis: Noticeable volume spikes during corrections, hinting at strong buyer interest during pullbacks. Outlook: Watch for a breakout above Resistance 1 for further upward momentum. Breakdown below Support 1 could trigger a reversal toward Support 2. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. I am a long-term options seller, and my positions may differ from short-term trading perspectives. Always consider your risk appetite before making investment decisions.
Came right to the sweet spot on the fib and giving a nice rejection, in a current bull channel looking too take profits at one of the green lines you see on the fib
Looking for Bullish play action on GOLD for the week. Last gave a healthy pullback into the current value area on a larger scale but looking for a return to value on a smaller scale that can lead to much bigger breakout.
WLD continues to be one of my favorite projects, which includes the best of everything: top investors, master market makers, utility, use, purpose, integration into the real world. This project is a work of art. I expect huge growth, control over the issue will allow to manage the price as the market maker and the team would like. Integrations with projects like OpenAI, Grok, etc is a trigger for the price of such a project to rise. Targets on the chart, I hope you have WLD in your portfolio, if not, why haven't you bought yet? Best regards, Horban Brothers.
Do y'all see what I see? I noticed a potential inverted head & shoulders, I caught the rise earlier. Just sharing my idea....
SPY Analysis: Month is 2U but back under previous M high and close to flipping red. Last week was 2D but failed to get to magnitude and closed red, but above the reversal trigger at previous week lows. Daily was 2D on Friday, so the daily actionable signal would be a 2D-2U reversal if buyers were strong enough to make a higher high on the daily come Monday. To get us lower, we have a 3-1 4HR setup as well as a shooter 2U Hourly candle. Trigger and target levels can be seen on the chart. Overall, we have some confliction as the D and W are red while the M is still green. This shows an attempt to flip the month red and we must view it this way until we see a daily higher high. If that were to happen, then we look to see the week flip red and then possibly make a higher high on the week for the weekly reversal back to the upside, which would re confirm the month being 2U and green. Traditional TA traders will see a wedge or bull flag on the daily/4HR, but as Strat traders, we know this is just a lack of strength from either side as we continue seeing failed attempts to make HHs and LLs. Although unconventional, if you check the 3 Day TF through the 8 Day TF, you will see they are all currently inside bars in formation still. We also know that inside bars restart the process of making broadening formations, so now its just a waiting game. We see the current attempt is to make lower lows on the daily since we failed to take highs out after the daily reversal, so we now either take out lows, or fail and move back through previous range to the upside. With conflicting situations like this, you just have to rely on timeframe continuity. Until the M, W, D, and 60 are all the same color, simply fall back on top down analysis and timeframe continuity to see what's really going on regardless of how the charts may look Weekly Watchlist: Bullish: ETSY - 2-1 Week, Failed 2D Day. FTFC Green, so looking for BF expansion on the weekly CRWD - 2-1 Hammer Week. 4HR inside bar. Monthly 3-2-2 still slowly compounding 2Us to Mag RBLX - MoMO Hammer 2U week. 2-1 Daily to trigger week RKLB - 3-2D Hammer Week. Relatively large ATR and high rVol Bearish: MCD - 3-1 Week, Shooter 2U Day PINS - 3-2U failed Week, No Daily AS. Weekly Motherbar issues so caution here PDD 1-2U failed week (Revstrat). No Daily AS. Going for large weekly BF magnitude ROKU - Failed 2U Week. At Monthly exhaustion risk. Daily PMG and gap fill potential OXY - 2-1 Shooter Week. Not much range, but clean weekly AS and all big oil names deep red DDOG - 2-1 Week (Huge red week), Daily 1-3. 2 Daily gap fills, and some weekly lows to target LVS - 2-3 Week. At Q exhaustion. Will be FTFC Red before W triggers the 3-2D Neutral: WMT - 2-1 Week, Daily 3-2D failed. Daily AS could send it back into ATH. Alternatively there is an 11 pivot PMG to the downside + a small gap to fill
BITSTAMP:ETHUSD @Alexgoldhunter Price Action Analysis and Strategy Key Levels and Zones Support and Resistance Levels: Strong High/Swing High: Around $4,008.2 p1D High: Around $3,986.6 0.618 Fibonacci Level: Around $3,912.6 0.705 Fibonacci Level: Around $3,893.6 0.786 Fibonacci Level: Around $3,882.6 Swing Low: Around $3,835.0 p1D Low: Around $3,835.0 Volume Profile: High volume nodes around 1.9K, 2.22K, 2.39K, and 2.49K levels. Fair Value Gap (FVG): A gap is visible around the $3,986.6 level. Price Action Concepts Change of Character (CHoCH): Multiple CHoCH annotations indicate shifts in market sentiment. Break of Structure (BOS): BOS annotations indicate significant breaks in market structure. Indicators Relative Strength Index (RSI): Current RSI value is 64.93, indicating a slightly overbought condition. Moving Average Convergence Divergence (MACD): MACD values: 24.1 (MACD line), 12.4 (Signal line), 11.7 (Histogram). Buy Strategy Entry Point: Consider entering a buy position if the price retraces to the 0.618 Fibonacci level (around $3,912.6) and shows bullish confirmation (e.g., bullish candlestick pattern or CHoCH). Stop Loss: Place a stop loss below the Swing Low (around $3,835.0) to manage risk. Take Profit: Target the Strong High/Swing High level (around $4,008.2) for taking profit. Sell Strategy Entry Point: Consider entering a sell position if the price fails to break above the Strong High/Swing High level (around $4,008.2) and shows bearish confirmation (e.g., bearish candlestick pattern or BOS). Stop Loss: Place a stop loss above the Strong High/Swing High level (around $4,008.2) to manage risk. Take Profit: Target the 0.618 Fibonacci level (around $3,912.6) for taking profit. Conclusion This chart provides a comprehensive view of Ethereum's price action, highlighting key levels and zones for potential buy and sell strategies. By using price action techniques and technical indicators, traders can make informed decisions to optimize their trading strategies. Happy trading! ?? Follow @Alexgoldhunter for more strategic ideas and minds