Am feeling low on courage and energy because of this i decided to do some yard maintenance work ? Just to remove my negative thoughts even as we trade mental health is very important. Am following this awesome newsletter watchlist recommend to me by Tim Sykes. This i where I got the idea of how to trade a break down strategy. ?Let's look at this chart analysis together ? What you are looking at on the chart Is called the Bearish Engulfing Pattern. This is when the Red candlestick on the right is longer than the green candlestick on your left. Also notice the rocket booster strategy on the downside: 1-The price is below the 50 EMA 2-The price is below the 200 EMA 3-The price is gapped down The last step is very important now the a look at the the RSI moving averages the have crossed in a resistance zone... In order to learn more about it rocket boost this content. Disclaimer ⚠️ Trading is risky please learn more about risk management and profit taking strategies.Also feel free to use a simulation trading account before you use real money.
There is a FVG between 30.72 & 31.18; SM will at some stage attempt to fill that gap before heading down (based on the red candles and volume large size).
NASDAQ:OP The all-time chart of #OP suggests a completed major diagonal first wave, followed by a double combo correction. The recent bottom is either the final low or a last drop is needed to end the correction since March 2024. Passing $2.78 confirms the correction’s end and signals a new all-time high. Breaking the all-time low at $0.39 invalidates this idea. #Optimism
Ethereum has successfully broken above the accumulation zone, indicating a potential bullish continuation. The price is now approaching a critical descending trendline resistance (blue line), where a breakout could trigger further upside momentum. Key Observations: Breakout from Accumulation: The price has cleared a consolidation phase, suggesting renewed buying interest. Next Resistance (Green Box): The immediate hurdle is the descending trendline resistance within the green box. A breakout and successful retest of this level could push the price toward the next major resistance.
We will be looking to go short on gbpjpy provided we get a confirmation of a failed break of thst resistance
Well, my friends, This is the CRYPTOCAP:ETH with the weekly chart. Following my other Chart using the #GANN Fan, I now drawed the triangle for you. Like that you can see how the #ETHERUM behaves and when we will see it imo in a few months. This is almost the beginning of the #ALTSEASON. The #ETH still has some work to do. We need to see a clear break of the last high at 2924$ and then based well above 3000$. After that, we shall start attacking the 3400$ area and we will have to watch the retest of that area. Once we are done with those technical areas, we will be able to push to the 4000$ and #ATH What is missing now, is the MA13 MA30, and MA55 Slopes, I want to see them turn positive and to see MA13 cross MA30 and then MA30 cross MA55, this should be MEGA BULLISH and we are on the way there. NFA DYOR
As per Current chart pattern, IND HOTEL looking bearish with cmp of 757.55 with target of 700-690 Only for information and education purpose
Price made higher high whereas the RSI is unable to make a new high which tells us that Gold may correct till the previous breakout levels which is approximately 2800. Multiple divergence on RSI at 80 levels may push the price down.
If it appears as if the price of spot gold (XAU/USD) chalks up an all-time high every week, it is. In fact, the precious metal rallied northbound for eight consecutive weeks, and opposing bearish themes are few and far between. Geopolitical risks, uncertainty surrounding US President Donald Trump’s tariff plans, and limited resistance until around US$3,000 (as shown on the daily chart) seat gold in a robust position. Another observation supporting gold’s position I feel worth highlighting is found on the monthly chart. Despite the Relative Strength Index testing resistance of 87.31-82.20, the next upside objective lies between US$3,264 and US$3,187, formed between 1.618% and 1.272% Fibonacci projection ratios, respectively. Goldman Sachs also recently updated their gold projection to US$3,100. While monthly and daily flows suggest additional outperformance, the potential head and shoulders top pattern on the H1 timeframe indicates a move to the downside could be in store before further buying is seen. As you can see, the pattern’s neckline – taken from the low of US$2,918 – has yet to be engulfed, therefore there is still a chance the pattern will not complete and price continues to push higher from current levels. However, in the event the yellow metal does engulf the neckline, it is common for chart pattern enthusiasts to apply a downside profit objective by extending the value between the head and the neckline from the breakout point.
ARB Buy Idea Buy: 0.45 - 048 Sell: 1.2 Good luck your trading