not is making a perfect pattern for its rising as you can see there is lots of liq zones which are caught in few days the rising spike is loading ...!
pound has come back down to a block order ....lets see if we can get a nice bullish candle and a kick higher to the target of 129 n change
What's up guys it's been a while! I know it's the holiday seasons, and that's the best time of year for me. Here is a wonderful present for you all, as a token of my appreciation. Thankful for the supportive and hateful people, not equally of course! ? Anyways.... the things you must keep in mind when utilizing candlestick analysis in your trading are the following, Gs: 1) Understanding the anatomy of a candlestick - https://images.ctfassets.net/8c2uto3zas3h/3MtHZp3LlMjGJQuhWuSpUe/fd69d69e5163c0e312664be7e44a3a7e/NAD_BlogInfographic_Candlesticks_Anatomy.png 2) Candlestick color - The color of the candles individually matter in structure but also together they tell a story.... three inside down candle stick pattern at a lower high point in market structure for example. 3) Size of the candle - size of candle does matter as it indicates how volatile and wide reaching the market can be that day based on this data. 4) Volume - This one is obvious, Gs. 5) Timeframe of candlesticks being observed - understand candlesticks on higher timeframe hold more weight so they're more valid. (1h+) in consolidated structure on higher timeframe, lower timeframe candlestick structure is what you need to identify breakouts that'll be big on HTF. 6) Candlestick patterns - https://content.stockstotrade.com/wp-content/uploads/2024/07/Candlestick-Cheat-Sheet.png 7) Length of wicks on the candles - This is huge because wicks are a direct indication of exhaustion, which BASICALLY is buyer or seller weakness which directly aids me in basically every trade when finding that sniper entry i'm known for! Do not sleep on this step (or any, for that matter, I don't make these for FUN.) 8) Support/Resistance levels - I recommend going to lower time frames in these areas and using steps 2, 3, 6 mixed with timeframe correlation to make a sniper entry. GOODLUCK Gs!
Arc chart is ready to break out now. It will pump to $0.11+
Bitcoin Price Forecast: A Nocturnal Market Analysis In the world of cryptocurrency, the twilight of the market reveals hidden patterns. As Bitcoin stands at its current threshold, we anticipate a compelling journey that starts with a retracement toward key support levels, setting up a crucial bounce. Phase 1: The Pullback to $85K Bitcoin's recent rally has brought us into an area of overextension, and with any strong upward momentum, a healthy correction is inevitable. The market will likely test the 2.618 Fibonacci extension level, located near $85,000. This zone marks a natural retracement point where the market will digest its prior gains, drawing in buyers looking to capitalize on discounted prices. Phase 2: The Bounce Upon reaching this critical support level, the market will reveal its true potential. The 2.618 Fibonacci level isn't just a number; it's the point at which bulls typically gather strength. Expect a strong bounce here, as this level has historically shown resilience, and it could set the stage for an explosive move upward. Phase 3: A Rise to the 423.6 Fibonacci Once the 2.618 level holds and Bitcoin begins its ascent, the next target lies at the 423.6 Fibonacci extension. This level, a key resistance zone, represents the potential to propel Bitcoin to new heights. The $150K+ region will become a focal point for the market, as Bitcoin positions itself for its next major leg up.
After identifying the Judas swing in accordance with the RSMLT concept, the following analysis leads to a short trade scenario with a target of 100 pips. This setup exemplifies the RSMLT strategy in action, adhering to the predefined rules and utilizing its unique Fibonacci zones and manipulation-based approach.
CAR dug deep to the $80 demand range to subsequently make the push toward strong HTF resistance at the $120 range. Right now looking for LTF demand zones to add to my long position to catch this push up. Current entries are looking at $105.50 & $102 for a strong reaction Happy Trading :)
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Holding the supernova as mostlikely weekly inside candle will take into accordance!
VOO at Major Resistance. Good profit take or hedge. I expect volatility at this level.