QQQ just broke below its uptrend from the August low, it did break once before but that lasted less than a day below. This looks bearish to me, expecting a move down to the previous ATH around $503 and then back to where the election gap was if that doesn't hold. The most important level for longer term will be the trendline below from November 2023, seems bad if that breaks. If it can reclaim the trend from the August low instead it should set the stage for another new ATH soon after.
DOGE Update ~ 1W #DOGE So far it still maintains its Bullish structure,. This is wave 2 of the Eliot Wave pattern. Buy gradually within this support block with a minimum target of 20+
CME shows more accurate data. It is clear that the MMSM model is in progress. The price is looking for liquidity that was created during the Powell news. Also rebalance the price in the weekly BISI where you can look for short-term longs
Greetings Everyone, Today, we will be taking a quick look at the USD/CAD pair and project potential future price action. Disclaimer: Please note that this analysis is based on the monthly time frame, and like all projections, outcomes are not guaranteed. This is not financial advice . On the chart, you’ll notice the highlighted Adam and Eve pattern, which we'll be discussing in detail. What is the Adam and Eve Pattern? The Adam and Eve pattern is a reversal chart pattern often seen in technical analysis. It indicates a potential trend reversal, typically from a bearish to a bullish trend. The pattern is characterized by two distinct bottoms: 1. Adam (First Bottom): Sharp, narrow, and "V-shaped." Reflects a rapid sell-off and recovery. 2. Eve (Second Bottom): Rounded and broader than Adam. Suggests gradual price stabilization and accumulation. What does this mean for Canadians? Summary - Imported goods will become even pricier for Canadians. - US nominated investment position will yield better returns. Ie. USD Savings Accounts, US ETFS ie. SPY, QQQ. - Canadian Corps. that exports good will be benefactors of a higher us dollar. Thank you for stopping by! Best, CL
Here's a summary of your updated BTC/USD trade plan: Trade Plan - Entry Point: 92100 (current) - Target: 97000 - Stop-Loss: 90500 Market Analysis The BTC/USD is experiencing a bullish reversal, driven by increasing investor sentiment and a weakening US dollar. Technical Analysis - RSI Indicator: The Relative Strength Index (RSI) is above 40, indicating a potential bullish momentum. - Moving Averages: The 50-day moving average is trending upwards, supporting the bullish view. - Support Levels: The support levels at 90500 and 90000 could provide a buying opportunity in case of a pullback. Risk Management - Risk-Reward Ratio: Your risk-reward ratio is approximately 1:6.5, which is relatively aggressive. - Position Sizing: Make sure to adjust your position size according to your risk tolerance and account size. Trade Progress You're currently 4900 pips away from your target. Keep monitoring the market and adjust your strategy as needed. Stay disciplined and stick to your trade plan. Good luck!
Looks to me like we're in the final days of a full reversal. Owing to the larger formations and much higher volume than is show historically I would guess that we have a good chance of a new high, possibly a significant one! Maybe even a harmonic pattern? It's definitely got an air of symmetry! Please bear in mind I'm an amateur sharing his thoughts! I can't post links because I'm a new user, but go see and don't forget; Let me know what you think! Not financial advice. Do your own research. Past performance not a reliable indicator of future results. Never invest more than you can afford to lose.
THIS IS WHAT YOU SHALL DO FOR ARKUSDT!!! Arkham at the perfect end on the point of precedence!
AUDCHF and AUDCAD are seriouly pointing down side and no buyside direction not until they hit our monthly level.
Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity ? Entry: Sell at 23,645 ? Stop Loss: 24,050 ? Target: 22,580 ? Risk-to-Reward Ratio: 1:3 ? Analysis: The Nifty 50 has formed a classic bearish flag pattern, signaling potential downside momentum. A breakdown below 23,645 provides an ideal entry point for short-sellers, with a tight stop-loss to limit risk. With a strong confluence of technical indicators pointing toward further downside, the target of 22,580 aligns with the measured move of the flagpole, offering an attractive risk-to-reward ratio of 1:3. ? Tip: Always adhere to your trading plan and risk management strategy. Never risk more than you can afford to lose. --- ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. I am not SEBI-registered. Please consult with your financial advisor before making any trading decisions. Trade responsibly! --- What’s your view on this setup? Let me know in the comments below!
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