Daily Cycle Count for ETH with a pitchfork, we should be heading up from here on in because we had a bunch of left translated cycles, and this current cycle is already RT once it reaches the DCL it will be Right translated which is BULLISH
Bearish Outlook : Bearish Wedge Forms ! A bearish Wedge pattern has taken shape in the gold market , shows a potential downturn. This technical signal tells that gold's recent upswing may be running out of stream, and a drop below a lower Trendline could spark a sharp sell-off. Key levels to monitor : Resistance Level : 2684 Support Level : 2618 Breakdown Target : 2600 Stay alert as this bearish wedge pattern unfolds ! Always trade smarter like Tom ? BEST WISHES TOM ?
https://www.tradingview.com/x/66bv1OdN/ ✅SPY is trading in an Uptrend and the etf made A bullish breakout while trading In an uptrend which reinforces Our bullish bias and makes Us expect further growth LONG? ✅Like and subscribe to never miss a new idea!✅
A bullish idea, there is a positive trend. On Dailz looks like a bullish flag so I am bullish on this one. Have fun by trading!
If you've been following along with what I'm doing, for God sake, don't do what I do… If you are an investor, stay with it this is an amazing product that is bound for the stars. We have some possible resistance or at least a small intermission at about 38, next major resistance I see is 48, followed by what I believe will be 68 before any major ranging might last for weeks or more. There are people out there saying $.50 and various numbers around there, but I think it might rocket straight through that level. I am a day trader by nature and I have a lot of skin in this game, I have been trying to capture small ups and downs, perhaps like a fool, but I am in now until the next major high, I'll show you what I'm thinking in this video.
I'm back, gonna start journaling on here more often, seems pretty fun. I developed & imprivedmy discretionary based strategy over the past few months and I'm finally seeing some ups again after a lot of bad performance. Trade breakdown: - NQ has been on an upwards consolidation, which I don't really like tbh. Two days ago however it broke that range with a lot of momentum to the downside. Initially I had a bearish bias, but overall I just had a feeling that today there will be some big moves. (I don't really like having a bias cause it restricts me and my edge in so many ways but I cannot help it.) - after breaking to the downside price started consolidating, establishing a smaller range that I could use for entry POI's - I thought price was gonna break the range to the downside, especially because price was already pushing against it, before market open. However, it really had trouble breaking through, the bulls were also pushing. - I like seeing this beginning price action as "the bulls & bears fighting, and whoever wins first gets the big move". This means basically that if we have a break to the downside, im short, and if we get a break to the upside, im long (only if we see enough momentum, this is so important!!!) - the bulls then took over and "won the fight against the bears", making me take a long position 80 tick SL 1:3 RR I will work on my RR and overall TP's, not too entirely sure how I'm gonna manage that...
Using Forexia + acw strategies We conclude a massive stop hunt followed by a bullish 2025 for gold exceeding 3300-3500-3800
The Fibonacci retracement strategy is a popular technical analysis tool used by traders to identify potential levels of support and resistance in an asset's price movement. These levels are based on the Fibonacci sequence, a mathematical series where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, etc.). In trading, the key Fibonacci retracement levels are derived from the ratios between these numbers. Key Fibonacci Levels: The most commonly used retracement levels are: 23.6% 38.2% 50% (Note: This is not a Fibonacci number but is widely included) 61.8% 78.6% These levels are considered potential turning points in the market. Traders use them to spot price pullbacks or corrections within an existing trend. Fibonacci Retracement Strategy: Step-by-Step Identify the Trend: The first step is to identify the prevailing trend. Fibonacci retracements are typically used during an existing trend, whether it's bullish (uptrend) or bearish (downtrend). The retracement tool is used to analyze potential reversal levels within this trend. Draw the Fibonacci Retracement Levels: Uptrend: To draw the Fibonacci retracement tool, click at the lowest point of the trend (start of the rally) and drag it to the highest point (end of the rally). Downtrend: For a downtrend, you reverse the process. Click at the highest point (start of the decline) and drag it to the lowest point (end of the decline). The Fibonacci retracement levels are then automatically plotted between these two points. Look for Price Reactions at Key Levels: After drawing the retracement levels, watch for price reactions at the 23.6%, 38.2%, 50%, 61.8%, and 78.6% levels. These are potential support or resistance levels where the price could reverse or consolidate. In a bullish trend, for example, the price may pull back to one of these levels before resuming its upward movement. Confirm the Signal: Candlestick Patterns: Look for reversal candlestick patterns (e.g., doji, hammer, engulfing pattern) at the retracement levels. Volume Analysis: Higher volume at key levels may indicate stronger support or resistance. Other Indicators: Combine Fibonacci retracements with other technical indicators like the RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), or trendlines for confirmation. Enter a Trade: Buy in a Bullish Trend: If the price retraces to a significant Fibonacci level and shows signs of reversal (e.g., candlestick patterns or oversold conditions), you might consider entering a long (buy) position. Sell in a Bearish Trend: In a downtrend, if the price retraces to a key Fibonacci level and shows signs of reversal (e.g., bearish candlestick patterns or overbought conditions), consider entering a short (sell) position. Set Stop-Loss and Take-Profit: Stop-Loss: Set the stop-loss just below the next Fibonacci level (or below the previous swing low/high) to minimize risk. Take-Profit: You can set your target based on a Fibonacci extension level (e.g., 161.8%, 261.8%) or previous support/resistance areas. Example of Fibonacci Retracement Strategy: A stock is in an uptrend, moving from $50 to $100. A retracement occurs, and the price pulls back. You draw the Fibonacci levels between $50 and $100. The 61.8% level comes at around $61.80. The price hits this level and shows a reversal pattern, such as a bullish engulfing candlestick. The trader enters a buy position at $62 with a stop-loss at $60 (below the 61.8% level) and sets a take-profit target at $110 (next resistance level). Limitations of Fibonacci Retracement: Not Always Accurate: Fibonacci retracement levels don’t guarantee price reversal. They are just potential levels where reversals could happen. Subjectivity: The accuracy of Fibonacci retracement depends on selecting the right start and end points, which can be subjective. Market Conditions: In strong trending markets, retracement levels may be ignored or breached without significant price reversal. Conclusion: The Fibonacci retracement strategy is a versatile tool for identifying potential support and resistance levels in both uptrends and downtrends. However, it's important to use it in conjunction with other technical indicators and market analysis to confirm signals and reduce the risk of false breakouts.
The Bitcoin did a nice run today to the daily breakdown and the short impulse base. Right now, the market is in between a daily breakdown and a H4 breakout - it's a trap for the buyers and the sellers. I go long if there is a new wave above a daily trigger zone on H4 at least, but preferably a daily close above that area. I go short below the H4 breakout.
We are see as Bullish for Avax holding important level. You can follow price action from this analysis