FFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could...
Gold surpassed and ended above its all-time high level today. The previously broken structure has now become a zone of demand, and the pair is currently testing that broken structure again. I anticipate an increase in buying volumes in that area, leading to a bullish trend continuing towards 2460.
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on7th Oct 04 and TP 2 on 22nd June 05 - If we are looking for sells we take on until 25th may 05 and TP 2 on 30th april 2024 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for...
Monday 20th: 3 Gold Folders Tuesday 21st: 5 Gold Folders, 4 Red Wednesday 22nd: 5 Gold, 5 Red Thursday 23rd: 3 Gold, 9 Red Friday 24th: 6 Gold, 2 Red Many will cry themselves to sleep as stops get triggered on both sides as this week is a HECTIC week!
The GBPUSD ended the previous week by testing a resistance cluster formed by a horizontal structure. Due to the strong bullish trend, there is a high likelihood that the market will break through this resistance. I will be looking for a confirmation of a bullish continuation with a 4-hour candle closing above the marked blue area. If this happens, the market...
Well done all gold holders! If you managed to hold onto your gold longs and bullions from 2020 covid pandemic, you should be a rich man. I think there's more of where that came from in stock!
Areas of interest is $69,000 - $63,300 The range is wide as choppy price action do not provide high accuracy on a macro level
I feed of information! And right now I am itching for more! Very tough to tell but with volitility ahead throughout the band of this week, PD arrays will be attacked in some way shape or form.
KUCOIN:VRAUSDT Back at major support zone. Triple Tap looks interesting here, the support zone needs to hold. Watching for possible Fake Out / Stop Loss hunt for entry. There are multiple entry strategies you could use via LTF analysis but always manage risk. When I post, I always have Plan B which could be going in the opposite direction to another AOV or...
Hi everyone, In last 3 days ADA price increased on over 10% and I think that it's just a beginning. I just opened ADA UP position at 0.482 price with 5x leverage on Fybit trading platform. First target is 0.52, Second target is 0.62, Stop loss at 0.42 This is a high risk trade but potential reward is worth it. Please, do not forget to boost this idea & share...
🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
Simple setup with some projected data points as price targets in time. If and only if at least 3 of them are hit, and maybe a wild card pivot point at any of the elements, preferably the pink rectangle, I would strongly suggest analyzing the potential for a bounce from the green rectangle zone in case another power wave forms that pushes the price higher. The idea...
Simple project where all lines from all rectangles are projected potential support and resistance. Looking to catch at least one reversal (in either direction) with a candlestick pattern or signal at any of them. The vertical ones are more like time stamps for potential essential events like change in mood, sentiment, volatility or other. The polygon is more...
Carborundum Universal , a renowned conglomerate in the industrial sector, presents a compelling swing trade opportunity. Reasons are listed below : A bullish Marubozu candle on the weekly timeframe signals strong buying pressure and potential upward momentum. The stock is breaking out of a consolidation phase lasting over a year, indicating a significant...
Consider a compelling swing trade opportunity in Aavas Financiers , a leading housing finance company in India. Reasons are listed below : Bullish Marubozu Candle on Weekly Timeframe : Aavas Financiers shows a strong bullish candlestick pattern, indicating robust buying pressure and potential upward momentum. Engulfing 22 Weekly Candles : The stock's bullish...
A potential swing trade opportunity in Suzlon Energy - a leading renewable energy solutions provider in India. Reasons are listed below : Strong Support at 34-36 : Suzlon Energy has found a robust support level in the 34-36 range, indicating resilience and potential buying interest at these levels. Bullish Engulfing Candle : A bullish engulfing candlestick...
GME experienced a significant advance following ‘ Roaring Kitty’s ’ appearance on social media, which caused quite a stir and a sharp increase in the stock price for both GME and AMC . After a spectacular rise, including a gap-up opening, the price began to fall, trapping many traders, as often happens in these types of technical explosions while seeking to...
Currently HAL is showing good volume buyers @ ATH, As BJP is going to win in General election 2024 and It's giving major Importance to defence sector once they win. Also technical Analysis is showing good positive outlook.