Supply zone is around 104K Good chance it front runs sellers and hits the imbalance around 103.3k then drops Who knows :)
potential 4RR on gold 15m time frame stop loss moved to break even after break and close above green line 4hr targets for T.P
FX:NGAS In this Idea , we'll take a closer look at the key insights for NGAS, with a focus on the long-term bullish outlook towards the $4.70 target, which has been in focus since January 2023. Focus on the $4.70 Target: Why It Matters While it’s important to track short-term market movements, we should not lose sight of the overarching bullish trend that has been developing for NGAS. The target of $4.70, based on Fibonacci retracement levels, continues to be the key level for a potential price rally. Since the beginning of 2023, we have been monitoring the formation of a bullish shark pattern around $2.41, which suggested a possible upward move toward the Fibonacci levels above $4.70. (links at the bottom) https://www.tradingview.com/x/9tssn63x/ Recent Price Action and Key Developments Bullish Shark Pattern Formation: In January 2023, the bullish shark pattern formed at $2.41, signaling an upward move toward higher Fibonacci targets. This pattern remained intact for much of 2023. October 2023 to January 2024 Retracement: During the period between October 2023 and early 2024, NGAS briefly tested the downside, showing signs of potential invalidation of the pattern. However, it successfully bounced back in mid-December 2024, breaking above the previous October highs and establishing new highs at $4.28. Current Price Level: As of the latest data, NGAS is trading at $3.91. While this is a step back from the $4.28 high, the overall bullish sentiment remains intact, and attention should still be focused on the $4.70 target. Bearish Divergence and Pattern Completion Despite the positive movement, caution is needed as some bearish signals have started to emerge in recent days: Bearish Divergence on the RSI: There are noticeable signs of bearish divergence on the Relative Strength Index (RSI), suggesting weakening momentum in the upward trend. Bearish Butterfly Pattern: A bearish butterfly pattern has completed at $4.21, which could signal a potential retracement. If this pattern holds, it could result in further downside pressure in the short term. Fibonacci Levels to Watch Fibonacci retracement levels are essential in guiding traders’ decisions, and NGAS is currently hovering below a critical level: 11.3% Below the .382% Fibonacci Level: NGAS is still 11.3% below the .382% Fibonacci retracement level, which is projected at $4.76. This level represents a major target for the bullish shark pattern that formed in January 2023. We should keep an eye on this level, as it remains a strong area of interest for a potential upward move. Potential for a Bearish Crab Pattern: If NGAS extends its price action toward the 161.8% Fibonacci level, there is a possibility that the bearish butterfly pattern could evolve into a bearish crab pattern. This scenario would likely coincide with the major .382% Fibonacci retracement level, increasing potential interest in this price zone. Maintaining a Focus on the Long-Term Trend While short-term fluctuations may present challenges, the long-term outlook for NGAS remains bullish, with the target of $4.70 still in focus. We should continue to watch the evolving patterns closely, particularly the Fibonacci retracement levels and the recent completion of the bearish butterfly pattern. However, the core focus should be on the potential for further upside movement toward the $4.70 target, as the overall market structure continues to support this view. Happy Trading, André Cardoso X (@Trading_Jazz) Links: https://www.tradingview.com/chart/NGAS/83pP9Bqz-W-Multiple-patterns-completed-for-NGAS/ https://www.tradingview.com/chart/NGAS/83pP9Bqz-W-Multiple-patterns-completed-for-NGAS/
SPX will retrace to the $6,000 area following a massive move lower I will update soon.
It may be ending diagonal pattern and go down to C wave
Weekly time frame....White line front runs a change in direction...be it temporary or permanent to long to explain...but white peak before blue peak and things head down...if blue continues with white or stays flat...there is little change to direction or price just chops sideways a bit. use other indicators to confirm...but white line can bounce off or hug envelope channel and explain price -------- The 4 headless horsemen of banking are next to each other... Does something seem quite interesting among them since each is way different in area of investment...political control...money-metals exposure....MBS and the like... So why are three pretty close to copies if you glance for more than a second or two, yet the fourth is somewhat similar but trending differently... Just an interesting thought experiment
USD/CHF 30M - How we getting on guys, back with an update in this pair and the trade that was activated earlier on today. As you can see price has continued to play out really well and has delivered us with some great profits. I am expecting to see this bearishness continue now throughout trading us right the way down surpassing our TP target. With price now setting a new low it would suggest that the high set where we entered is now seen as protected. This trade is running + 60 pips. (+ 3%) 3RR A big well done to any of you who took part in this trade, please ensure you are taking partials and applying safety measures to your positions. As always if any of you have any questions with regards to the analysis performed or the trade itself please do not hesitate in getting in touch with me, I am more than happy to answer any questions you may have.
We are close to filling in the last meaning bearish fair value gap before a test at the equilibrium. I see a push to the premium zone of the next 3-4 days as their isn't much resistance beyond the equilibrium although we will see a lot of underwater wallets offloading as we approaching the back half of the run to the premium zone from the equilibrium. There are many larps in the aifi space but ai16z is not one of them and I will not be fading this one not testing all time highs. People want to bid on tech more than memes.
Long term Trendlines on arithmetic Bitconin BTC scale pointing to 110k February/March 2025 and 140k October tops? 60k bear market bottom? Is this the thing to watch?
BTC Bitcoin 15m head and shoulder breakout happening right now target to 98k.