potential inverted H&S most probability will complete and reach its target..........Why? Because it has been formining within complete five waves.
What do you think guys.. is ARB possible to reach 2.6$?
The market is currently forming a Daily Reversal pattern. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Chart say everything with Elliott wave counts and Chart Patterns Looks like Inverted Head n Shoulder chart pattern, yet to Break above Neckline. Scenario also aligns with Impulse wave counts. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK? Disclaimer and Risk Warning. The analysis and discussion provided on https://in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Short idea stop sell order at 0.6298 SL 0.63120 TP 0.6280 RR 1:6 ( I should point out that I use the 200 hourly ema when determining the trend ) As I see it The weekly trend is bearish now, last week painted a huge engulfing red candle The daily trend was reacted 200ema Now I use 1h timeframe to take an entry for the short position picture has other explain to enter this trade, So will see?
MIL:GOAT Breakout of this falling wedge pattern and is currently retesting! ? Entry: Accumulate above $0.79 ? Targets: Midterm: $1.40 (75% upside) Long-term: $2.45 (200% upside) ?️ Stop-loss: $0.73 Available for both spot and futures trading. You can long it with proper risk management! ABOUT MIL:GOAT GOAT is a potential DeFi or Web3 project with significant technical momentum. The breakout of the wedge indicates bullish sentiment. ? DYOR, NFA. Crypto
S&P 500 Technical Analysis The S&P 500 has soared to its 56th record high of 2024, closing at an impressive 6,070! The index's relentless rally shows no signs of slowing, marking yet another historic milestone as anticipated in our previous analysis. At present, the market exhibits strong bullish momentum, pointing toward a potential move to a significant resistance zone around 6,140. As long as the S&P 500 remains above 6,060, the bullish trajectory is likely to persist, with upward targets at 6,104 and 6,143. However, a decisive 4-hour candle close below 6,058 could shift sentiment to bearish, potentially driving the index toward the 6,022 level. Key Levels: Pivot Point: 6058 Resistance Levels: 6104, 6143, 6185 Support Levels: 6022, 5971, 5932 Trend Outlook: The broader trend remains firmly bullish, underpinned by strong momentum and the recent record-breaking performance.
Looking at a higher time frame NYSE:SEI has been inside a good accumulation range, watching for a retracement into our green zone for an entry. Again this is a higher time frame chart don't ape more than 5%
Hi guys, The Dow Jones US 30 is also grinding slowly higher and continually making all time highs. Currently price is heading towards an area where we may find some strong selling pressure. The highlighted box on the chart is taht area and it contains the 2.0 retracement of the bear market high to low. I think this level is more significant due to the fact that the previous level of 161.8 did not provide any resistance. The upper trendline also coincides with this area . Weekly RSI is showing massive divergence but thats been like that for a long time. Daily is showing divergence but not quite in overbought. 4 hour is showing divergence and clearly overbought. Lower time frame entry using candlestick chart patterns etc could lead to some nice risk to reward trades. Safe Trading all.
Hey There, The dollar has been in demand so far this week, boosted by it being seen as a safe-haven amid political turmoil in both South Korea and Europe as well as ongoing conflicts in the Middle East and Ukraine. With France’s government facing “No Confidence votes” that could spell the end of the short-lived administration of Prime Minister Michael Barnier, pushing the country into uncharted waters of political chaos. Gold Prices rose marginally as political turmoil in South Korea spurred some safe haven demand along with fears of a collaps in the Israel-Hezbollah ceasefire. However, trades continue to remain on the sidelines amid anticipation for more cues on U.S interest rates. But any gains in gold were largely limited by a spike in the dollar as it soared on uncertainty over the long term outlook for U.S rates.