PNUT found its support. The price has to climb back inside this falling wedge pattern. We're all waiting for that clean breakout.
Here’s a sharp and focused short setup for AUD/JPY: AUD/JPY SHORT SETUP! ? The pair is showing clear bearish signals – a great opportunity for a short trade. Momentum is shifting downward, with key resistance levels holding strong. ? Key Points: Short now as bearish pressure builds. Always use a stop-loss to manage risk. Never risk more than 1-2% of your total capital on a single trade. Stay disciplined, follow your plan, and let the trade work for you! ??
?Key Levels Overview for the Week?12.2024(30-05-∷)? Dynamic Supports? ∷∷∷ Dynamic Resistance? 97514 96000 Mid Pivot (?bull&bear? zone ch trend) 117318 108258 99198 range of supply and demand 111306 105376 99446
The Impulse Master indicator accurately identified the top in NQ (Nasdaq Futures) and signaled a shift in market structure. The key observation here is the breakdown under the critical support level, which confirmed a reversal in the trend. Explanation of the Pattern: Supply Zone and Reversal Signal: The chart highlights a supply zone where bullish momentum begins to stall. This area marks the exhaustion of buying pressure, as seen with the "Turn Down" label. The price repeatedly failed to break higher within this zone, signaling a potential reversal. Support Breakdown Logic: A rally typically continues as long as the price respects key support levels. Think of the structure as comprising a micro wave iv (a small corrective dip) followed by a wave v up (a final push higher). In this case, the breakdown below the first major support invalidates the continuation of the uptrend. The failure of bulls to produce a higher high off the low created by wave iv is a clear indication that the rally has ended. Confirmation of Trend Reversal: Once the price broke below support, the rally's structure was compromised. This failure to sustain higher levels signals the transition from a bullish trend to a bearish phase, as confirmed by the "Trend Down" signal and the formation of resistance at 21,652.81. Indicator Precision: The Impulse Master indicator effectively mapped the turning points in the market, including the Breakout Zone, the critical support retest, and the ultimate rejection leading to a downtrend. Key Takeaway: The breakdown below ** the key support** is a crucial confirmation that the uptrend has concluded. This methodology highlights the importance of observing raising support levels as benchmarks for trend continuation or bearish reversal. ***When bulls fail to push the priceto a higher high after a corrective dip, then drops under the previously made low, it serves as a reliable signal that the rally is over and a new down trending move might have started.***
https://www.tradingview.com/x/B2qzwnt5/ The recent price action on the USDJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Mahlzeit, relativ simples setup. H4 ist im longtrend, aber in einer Korrektur. Der M15 ist gerade wieder in der ersten aufwärtsbewegung und hat den Abwärtstrend gebrochen. Falls sich eine neuer P2 Bilden sollte gehe ich damit rein. So wie im M15 zu erkennen (unterer Chart) VG
Siehe Trendlinie. Logarithmiert mit Touchpoints 1995, 2000, 2008, 2020 und heute. Bei 6% Rendite ein No-Brainer. Letzte Chance.
Double bottom forming on SPY vs Nifty 50 on a weekly chart. Probable outperformance by Nfty 50 in a short to medium term basis.
Based on the provided chart, there is a possibility for the Crab Pattern to complete. In this pattern, point D typically forms at higher Fibonacci levels, specifically around 2.618 of the BC leg. In this chart, the PRZ (Potential Reversal Zone) is identified as a key area for the pattern’s completion. This zone can act as a potential point for a price reversal. The Crab Pattern often emerges at extreme price levels, and if the price reaches this zone, a reaction or reversal might occur. To confirm the completion of this pattern, analyzing price behavior near the PRZ is crucial. Using additional technical indicators such as trading volume, momentum indicators, and candlestick patterns can provide more precise insights. Overall, the pattern has the potential to complete, but traders should wait for further confirmation from the market.
- head and shoulders have a low hit rate when it comes to playing out in a bull market - that said, LINK is in a very clear hs that is not only present on the daily but on the 2D and 3D chart as well - if there ever was a time for a shampoo to actually breakdown, this would be it - target more than 20% lower