Hello Traders, Hope you are doing great. GOLD is forming a Rising Wedge Reversal pattern these days and it seems that Bulls aren't able to raise the price at least for now. So I expect a downward correction in upcoming days. Remember that this kind of corrections are temporary and gold price will probably see higher price this year; so Don't forget to use proper risk management . and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
Bitcoin (BTC/USD) on a 4-hour timeframe. The price has been following a downward trend, breaking through the support level near 92,000 and entering a liquidity area. The chart indicates a potential target of87,000, with resistance at the $100,000 mark. Traders may be focusing on this target level for potential short opportunities as the price continues to decline.
35EMA to the upside and the next support at 214 to the downside. That is all in today's range Make sure to grab this chart (button just under the chart that says "Grab this chart" and let’s gooo…
The technical formation is cristal clear. Look at the 4hr char. Fundamentals are not clear as the technicals, but smart money is posioned themself long ago and constantly buying reasonable dips, since its a probability game now. Is the Ukraine war will end in the comming months Yes: 60% Europe inflation is under control? Yes 80% ECB will cut on th next meeting? No 60% Will europe profit from the end of the war trough reconstruction? 50% Germany elections are done coalition will be formed and will function. ( German politicians already have done a self-revising process and they wont fail.) USA will impose severe tarrifs on European Union: 10%-(chance) Is German economy bottling out: Yes altough france needs to join for party. Italy is italy : We love them and feed them. USA: Is the economy strong as they claim? In the next post we gonna have look at it. Just a hint: How the GDP calculated and what the USA goverment wants in future. Every actions is effectecting the GDP calculations and not on the most positive way. to be continued.
Guys, Also I am thinking about this SELL Limit if first position is failed https://www.tradingview.com/x/Nb0Hs0I1/
Today's Rally pattern will likely prompt a fairly strong recovery (upward) price move in the SPY before the markets turn/rollover and head lower again after reaching a top. I see this move paired with the Metals cycle patterns, which suggest metals will move downward. I believe this will be the result of stronger USD price levels, which will translate into an initial SPY rally phase (driving the price higher) and then rolling over into more selling. Ultimately, I believe the lows on Wednesday or Thursday will be the immediate base/bottom for this breakdown phase (near 587-593). I'm not getting overly aggressive related to today's RALLY pattern. I don't believe the markets have the momentum to rally very hard today and I believe we'll see a ROLLOVER type of move today - resulting in more downward selling. BTCUSD is usually tied to the QQQ/NQ related to price action and the breakdown of BTCUSD may put additional pressure on the QQQ/NQ today. So, get ready for a pretty volatile day. My estimate is price will ROLL DOWNWARD after a moderately strong open. Then, get ready for some volatility. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NVDA earnings plus the recent sell off and outflow give us a pretty wide trading range revolving around the 50 day MA. That’s all I’m writing today and let’s go over it in tonights video. Make sure to grab this chart (button just under the chart that says "Grab this chart" and let’s gooo…
NVDA earnings plus the recent sell off and outflow give us a pretty wide trading range revolving around the 50 day MA. That’s all I’m writing today and let’s go over it in tonights video. Make sure to grab this chart (button just under the chart that says "Grab this chart" and let’s gooo…
Once market closes below the marked levels expect it to slide towards 7000 in the coming months Best to buy around those levels then average out positions
On the four-hour chart, EUR/AUD has successfully broken above its previous downtrend and now trades above the 100-period moving average, reinforcing a short-term bullish outlook. Buyers have managed to clear the 1.65192 resistance level, extending the rally toward the 127.2% Fibonacci extension of the latest bearish swing at 1.65433. A sustained break above this level could trigger a continuation toward 1.65740 and 1.66078, reinforcing the upward momentum. However, failure to maintain momentum above 1.65433 could result in a pullback, with initial support at 1.64854. A break below this level would shift focus to the 1.64306 support zone, which, if breached, would invalidate the bullish outlook and confirm a reversal. Read full article on our website: https://erranteacademy.com/eur-aud-buyers-face-resistance-amid-australian-dollar-weakness/