As said in the title and shown in the chart, breaking down out of a rising wedge usually ends in a correction. So to keep things easy, for now I'm looking at a correction based on a simple Fib level.
Timeframe: Daily Analysis: MLR Nearing SMA: The MLR (blue) is below but approaching the SMA (pink), hinting at a potential bullish crossover. MLR > BB Center: MLR exceeds the Bollinger Bands Center Line (orange), signaling growing bullish momentum. PSAR: PSAR dots (black) are below the price, supporting an uptrend. No SMA 200: SMA 200 unavailable - proceed with caution. Trade Idea: Entry: Consider a long position at the daily close. Stop Loss: Place SL at yesterday’s PSAR level to limit downside risk. Follow Me: Follow me for exit or profit-taking opportunities. Outlook: MLR is poised to take SMA, which could confirm a bullish surge alongside PSAR and BB support. Stay vigilant for the crossover or reversal signals. Risk Warning: Not financial advice, trade at your own risk.
DOTUSDT BUY SIGNAL Volume Profile Strategy With QM Strategy buy 4.7 USDT zone target 1 : 6.4 USDT net price 36% profit target 2 :7.6 USDT net price 62% profit target 3 : 9.0 USDT net price 90% profit (long time) Enjoy :)
The two-level box oscillation has not been broken. Sticky state. From the trend observation. The short-term situation of XAUUSD is in the consolidation stage. Breakthrough requires some opportunities. Before the breakthrough, it is necessary to accumulate power through oscillation and clean up some chips with weak will. That is the money in the hands of retail investors.
Australianas inflation slowing down,before next interest rates decision .Possible rates cuts USA: Inflation up, FED no changes in interest rates,possible rate hikes 2 APPORACHES FOR TODAY;OR IF YOU WANNA WAIT ENTRY with more cautiios(Conservative entry) Yellow zones are areas where we can cover more shorts
Hello Friends, GBPJPY has successfully grabbed the liquidity, and now its showing signs to go upwards after tapping into the demand zone. Entry = 193.622 SL = 193.297 TP = 194.64 Please like, share, and follow for more ideas and comment to start our conversation. I will be glad to talk with like minded people. Thanks
? 1. Overall Trend: ONDO is still holding above a long-term ascending trendline (blue upward line), indicating the bullish structure remains intact. The current price is testing this trendline, which acts as a strong support level. ? 2. Elliott Wave Structure: The chart suggests a W-X-Y corrective wave pattern may have just completed or is close to completing. The recent low labeled (Y) could potentially be the bottom before a new bullish wave begins. ☁️ 3. Ichimoku Cloud: The price is currently near the Kumo cloud, indicating indecision or consolidation. The Tenkan-Sen (red) and Kijun-Sen (blue) lines are close together, showing a lack of strong trend momentum for now. A breakout above the cloud would signal a bullish reversal confirmation. ? 4. Fibonacci Retracement Levels: Price is near the 23.6% retracement level (~$1.12) from the previous top – a key resistance zone. Higher resistance targets include 61.8% (~$1.74) and the 100% previous peak (~$2.37). ? 5. RSI (Relative Strength Index): Weekly RSI is around 42.39, not yet oversold but nearing the lower bound. There's a possible bullish divergence forming and RSI is curving upward – a positive early signal. ? 6. MACD (Moving Average Convergence Divergence): MACD line has just crossed above the signal line, and the histogram is starting to turn green. On the weekly timeframe, this crossover is a strong bullish reversal signal if confirmed in the following candles. ? 7. Volume: Volume has increased recently, especially near the trendline support, showing buyer interest at lower prices. ? Conclusion: Current key support: $0.89–$0.91 zone (along the ascending trendline). As long as this support holds and RSI + MACD continue improving, ONDO may rebound toward the next resistance levels at $1.12, $1.74, and possibly $2.37. If the price breaks below the trendline, the next major support lies near $0.73.
GBPJPY reversed after UK inflation data earlier , however it has retraced to significant 200 EMA level and areas of previous good volume / reversal points ( see chart ) Given also that : 200 Hourly EMA providing technical resistance Running into a cluster of previous volume areas Overall recent trend is still bullish Despite the data this morning giving GBP a push lower , this move appears way too aggressive for the data and likely more position covering than fundamental given that : Bank of England still expect inflation to peak at 3.75% in Q3 Energy , Tariffs and general uncertainty in the market Some analysts still calling for 4% in April and May Stop 192.85 Entry 193.80 Target 194.85 Good risk reward 1:1 good reversal probability given the above observations . Possible retrace as US markets arrive but overall sentiment remains .
How far will NASDAQ:TSLA go? Elon is rolling into the Golden Age with robotaxi’s, A.I. and humanoid robotics. Some baseline technical analysis. Pitchfork projected from the 2019 impulse waves. Price has touched the median line twice and the bottom of Fibonacci fork thrice. Setting up a possible three drives waves pattern. Break $600 on this run up and we’ll see $1,000-$1,700 quickly to reach the top of the pitchfork completing the impulse waves. This puts Tesla at a marketcap of $5.47T
Yesterday, OANDA:XAUUSD price moved higher, briefly taking liquidity above the previous day's high at 3035 before pulling back to consolidate. This resembles the price action we observed at the beginning of the month when the price consolidated around the 2900 level, tested the bottom of the consolidation, made a false break, and then moved to higher levels. Given that the price has tested the bottom of the current consolidation zone twice, I anticipate a similar scenario may unfold, where the price could retest the area below the psychological level once more before climbing higher, particularly if a false break occurs. My goal is the resistance zone around 3060 Traders, If you liked this educational post?, give it a boost ? and drop a comment ?