On my tiktok you'll find loads of informative videos. You will today's analysis.
After an unsuccessful first test of the trendline, there is a second impulse for consolidation and a breakout of the weekly trendline. If the price consolidates and closes below 436.58, the next targets are 393.08 and 324.65. More details in the Telegram channel – link in bio.
We are observing the formation of a Head and Shoulders pattern, which is nearing its completion and suggests an impending bullish trend in the short term. This technical formation typically indicates a reversal, and given the current market conditions, we are setting an expected target of 91,000. However, it’s important to remain cautious and vigilant due to the potential for volatility in the market during this period.
I'm looking for the smaller timeframe to break to the upside. But I'm expecting most bearish movement when the market opens
Analysis of Price Movements Using Fibonacci Retracement ?? In the current market analysis, the price level of $626 is identified as a key resistance area. This conclusion is derived from statistical analysis and mathematical models. Let’s dive into the details: Key Observations ? Resistance at $626: Based on Fibonacci retracement levels, $626 represents the 50% retracement level. This makes it a critical zone where price action is likely to face resistance. Projected Price Movement: The analysis suggests that the price will likely move downward toward the range of $619 - $612.5 before any significant reversal occurs. Fibonacci Levels: The retracement levels between $619.6 and $633.5 are crucial for understanding potential support and resistance zones. The 50% level at $626 aligns with market psychology, making it a pivotal point for traders. Conclusion ? The price is expected to decline to the range of $619 - $612, followed by a potential rebound toward $640 ?. Traders may consider this movement as an opportunity to plan their entries and exits strategically. Final Thoughts ? This analysis highlights the importance of Fibonacci retracement levels in predicting market behavior. The 50% level, in particular, serves as a strong indicator of potential reversals or continuations in price trends. What do you think? ?
#NOT/USDT breaking the Diagonal Trendline in 4-hour TF! GETTEX:NOT bouncing from the 4H +FVG. The local resistance level is PWH $0.002783. The local support level is PML $0.002153.
CADJPY - 4H Chart Sell Analysis Market Structure • The overall structure is bearish, with price forming lower highs and lower lows. • Price attempted to rally but failed to break above 105.000, a major supply zone and previous support turned resistance. • The most recent push above the highs appears to be a liquidity grab, followed by a strong rejection. Supply & Resistance Zones • Price reacted strongly to a key supply zone around 104.500 - 105.000. • Multiple rejections and wicks in this zone suggest heavy selling interest. • A fake breakout (bull trap) is visible, where buyers got trapped above resistance before a bearish move resumed. Price Action Confirmation • The bearish engulfing candle after the liquidity grab suggests a potential shift in momentum. • Price broke below a minor support level and is currently retesting it, aligning with a lower high formation. • The 50 EMA (blue line) is acting as dynamic resistance, further supporting the bearish bias. Target Zones • First target: 103.000 – a key intraday support and minor demand zone. • Main target: 102.000 - 101.800 – a strong demand area and previous low where price may look to rebalance and tap liquidity. Trade Setup • Entry: Around 104.000 - 104.100 after a confirmed retest of broken support. • Stop Loss: Above 104.500 - 104.700, outside the recent supply zone. • Take Profit: Partial at 103.000, final TP at 102.000. Confluences 1. Bearish trend continuation. 2. Liquidity grab above previous highs (105.000 area). 3. Rejection from major supply zone. 4. EMA resistance and structural confirmation of lower high. Final Outlook • If price stays below 104.300, sellers likely maintain control. • A clean break below 103.500 will confirm further downside. • A move and close above 105.000 would invalidate this sell setup.
Where to short AAPL? I think the red line price of $219.71 is a strong resistance because it is the price where there were 2 previous lows (first 2 red arrows pointing up). Take note that there is a chance that the recent low point is the end of the entire correction if that is a wave C. My Primary count that it is just wave 1 of C is a BIAS. Just keep that in mind. I would say that the stop loss is about $10 above $219.71. Good luck!
Bitcoin is currently trading at $84,241, showing a slight increase of +0.21%. The chart highlights key support and resistance levels along with potential price movement projections. Immediate resistance lies at $84,745, followed by a stronger resistance at $86,488. On the downside, key support levels are seen at $83,430 and $82,458. The chart suggests a potential bullish move from the current price level towards $84,745 with possible consolidation before an upward spike reaching $86,488. However, this bullish momentum may be short-lived as the chart also projects a sharp reversal afterward, potentially pulling the price down to the $82,458 support zone. Traders should watch for confirmation signals near $84,745 — a breakout above this level could trigger a rally, while rejection might signal bearish momentum. For bullish trades, entering near $84,200 with a stop-loss below $83,430 could be ideal. Conversely, if resistance at $84,745 holds strong, short entries targeting $83,430 and $82,458 may offer favorable setups. Given the potential volatility, risk management is crucial, and traders should be prepared for sudden market shifts.
Script is forming symmetrical triangle Study this and take your own decision