Copper has been moving quite in accordance with Fibonacci (two different traces). The general trend is bearish, so the most probable outcome is a rebound on the Fibonacci resistance. We will wait for confirmation - rebound and closed daily candle below the resistance.
Just my thoughts. Not a very involved analysis this week because I honestly feel like for once in maybe 2 years the chart is pretty clear on SPY haha. Not advice! Have a great weekend and a great trading week :-).
Though Still Bearish but Bullish Divergence on Daily TF. This Week's Closing is Important (should be above 45). However, if 45 is Not Sustained, we may witness more Selling Pressure may be around 25, not immediately but may be in couple of months. Do not forget that BBFL has reported Excellent Financial Results for the Half Year Ended 31st Dec.2024
No one can confidently prospect the end of a correction but we can expect its existence. After a long time rally it make sense to see an appreciable correction of SOL. What I am seeing in this chart is the weakness of trend and we should wait to see what pattern it makes for wave II. There are 2 scenarios for wave 5 Primary. In scenario 1, wave 5 Primary was finished in Jan 13 and we are in the wave a of II or We will see am ending diagonal that takes longer time which is not as possible as scenario one. I expect a considerable correction for wave II, at least down to the level of wave 4 Primary or even down to wave (4) intermediate. Thanks
Monatschart: Die Wacker Chemie AG befindet sich aktuell in einem übergeordneten Abwärtstrend, der von 176,90 € bis 40,23 € reicht. Zwischen April 2020 und Juni 2022 legte die Aktie eine starke Aufwärtsbewegung hin, die seither korrigiert wird. Aktuell nähert sich der Kurs dem 0,11er Fibonacci-Level, was als potenzieller Umkehrbereich dienen könnte. Die letzte Monatskerze zeigte mit ihrem langen unteren Schatten bereits verstärktes Kaufinteresse. Die aktuelle Monatskerze weist ein deutlich höheres Volumen auf und könnte sich zu einem bullischen Engulfing entwickeln – allerdings ist es für eine abschließende Bestätigung noch zu früh im Monat. Wochenchart: Auch im Wochenchart befindet sich die Aktie in einem Abwärtstrend, der sich von 97,70 € bis 60,30 € erstreckt. In den letzten Wochen konnte die Aktie mehrere grüne Kerzen ausbilden, was auf eine mögliche Bodenbildung hindeutet. Um diese zu bestätigen, wäre ein Ausbruch über 73,32 € entscheidend. Gelingt dies, könnte die Aktie zunächst einen Retest der Ausbruchszone durchführen, bevor ein weiterer bullischer Impuls Richtung 88,48 € folgt. Hier befindet sich auch der 50-Tage-MA, der als zusätzlicher Widerstand fungiert. Ein nachhaltiger Bruch der 97,70 € wäre die endgültige Bestätigung dafür, dass der Abwärtstrend beendet ist. Das nächste Ziel wäre dann der 200-Tage-MA bei 122,60 €. Tageschart: Auch im Tageschart befindet sich die Aktie weiterhin in einem Abwärtstrend, der von 73,32 € bis 60,84 € reicht. Mit der starken bullischen Kerze am Donnerstag setzte Wacker Chemie ein erstes positives Zeichen. Ideal wäre nun eine kleinere Korrektur, bevor die Aktie weiter nach oben läuft, um das letzte tiefere Hoch zu brechen. Das nächste Ziel wäre dann der 200-Tage-MA bei 85,68 €. Im Anschluss könnte sich der Kurs am letzten tieferen Hoch aus dem Wochenchart orientieren.
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The latest price of Btcusd is at $96394.06, with a loss of $143.02 (0.15%) from the previous trading day. The daily price movement has a performance ranking of 66/100 among all US stocks. Trading volume is at 25.86B, having a strength of 0.39 relative to its last 22-day average trading volume of 66.06B. The low trading volume as well as the dull price movement indicate the lack of enthusiasm from both buying and selling sides. The 50-day up/down volume ratio is at 1.02, indicating an accumulation condition of the security for the daily timeframe. This ratio is at 0.97 on the previous day and at 1.22 one week ago. For the short (daily) timeframe, the security is in a confirmed downtrend since Jan 21. The downtrend has been reconfirmed for once since. The current price is at $96394.06, which sits between a support level at $94635.50 (94506.45 - 94764.56) and a resistance level at $97173.88. The support level is formed based on 3 pivot points with a total strength of 3.59 times of average daily volume. The resistance level is formed by the 5-day EMA. Other than the closest support, there is a major support level down below at $71211.86 (70801.18 - 71622.53). The major support level is formed based on 5 pivot points with a total strength of 4.89 times of average daily volume. The 14-day RSI is at 42.11 and it is in a downtrend. The 12-26-day MACD has a value of -784.44 and MACD signal (9-day EMA of MACD) has a value of 132.49. The MACD indicates a bearish condition but the condition is improving. The 14-day ADX trend analysis has the DMI+ at 10.69 and DMI- at 23.43, indicating a bearish condition that was first started on January 26. The ADX has a value of 23.78, suggesting range-bound price movements or the lack of trend. The Bollinger bands (20-day SMA with 2-sigma) has its upper, middle and lower band values at 107612.57, 101299.41, 94986.25 respectively. The %b is at 0.11, indicating the current price stays in the bottom part of the band. The band width has a value of 0.125. In comparison to the 125-day minimum and maximum band widths of 0.079 and 0.458, the bands is near the contraction (squeeze) region. This often signals the early stage in a new trend. The 14-day ATR is currently at $4323.27. For a long position, consider putting a stop loss at $90183.18 which is at one time ATR below the low end of the support level at $94506.45. For a short position, consider putting a stop loss at $101497.15 which is at one time ATR above the resistance level $97173.88.
Thanks to the TST token and rising volume on PancakeSwap, we saw CAKE pump hard today! If the price dips back to my ‘safe zone’ from the chart, I’m definitely buying more. Let’s keep CAKE on the rise