We are looking for next phase dump here as soon as possible
Trap Trade When the price breaks below the trendline, retail traders typically enter short trades. However, based on my strategy and psychology, I wait for the price to break and then re-enter the trendline, taking a long position when the price moves back inside the trendline.
I posted a chart a few days ago about a possible cup and handle forming and it's playing out. Hold your pi and keep your long-term vision!
The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 7200, 20th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7200 level could target the downside support at 6964 followed by 6880 and 6830 levels over the longer timeframe. Alternatively, a confirmed breakout above 7200 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7250 resistance followed by 7316 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Hi traders, Bitcoin is in a big range. If it wants to go up I think it could come down one more time into the direction of the dotted trendline to break the previous lows. So at the moment we could see more downside for this pair. If Bitcoin wants to make a new ATH it could not go lower than (orange) wave 4. Let's see what the market does and react. Trade idea: Wait for a sweep of the previous lows, a change in orderflow to bullish and a small correction down on a lower time frame to trade longs. If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. Don't be emotional, just trade! Eduwave
NASDAQ:ICLR has been in a historical bullish trend ? and is currently positioned at a strong support zone , offering a potential buying opportunity. There’s a potential local double bottom formation , and the last candle is a bullish engulfing pattern ?, signaling a possible upward reversal. Over the past few months, volume has increased , indicating growing accumulation. With the all-time high ( ATH ) not far away ?, the risk/reward ratio to ATH stands at a favorable 1/10 . This setup presents a promising opportunity for a bullish move toward new highs. ? https://www.tradingview.com/x/Wep0eVov/
ORDI seems to be finalizing the major wave (2) soon. I expect a final dip below $10 that should mark a major bottom with a condition of finding a strong buying volume during this expected drop that breaking $11.792 would confirmed it. Passing $30, then $53, confirms a new all-time high and potential for much higher targets. #ORDI
#BTCUSD remains in a bearish setup, with a key break below $96,000 needed to confirm further downside momentum. The take profit zone for shorts is set at $94,800 - $93,000, with a stop loss at $97,000 to protect against a reversal. However, if price recorrects and forms a double breakout above $97,400, it could trigger bullish momentum, potentially pushing BTC toward $98,300 before any further movement.
double bottom and got out of the triangle and headed towards the goals
The pair has broken is down trend line seen in previous sessions and formed a high now the price has retraced to fib level of 0.50 and seems a good opprtunity to go long targeting the previous high as TP1 and SL below the last low.