If XAU hold here . we are facing down to 2737 sell now @ 2841 with only 90 pips stop and a HUGE profits ... Regards WEGO
- Google under the bullish pressure - Likely to rise to resistance level 210.00 Google is under bullish pressure after the earlier breakout of the resistance level 200.00, which is the upper border of the sideways price range inside which the pair has been moving from December. The breakout of the resistance level 200.00 accelerated the active minor impulse wave 5, which belongs to the intermediate impulse wave (C) from September. Given the clear daily uptrend, Google can be expected to rise to the next resistance level 210.00 (target price for the completion of the active impulse wave 5).
- USDCHF reversed from key resistance level 0.9200 - Likely to fall to support level 0.9000 USDCHF currency pair recently reversed down once again from the from the key resistance level 0.9200, which has been steadily reversing the pair from the end of 2023. The resistance zone near the resistance level 0.9200 was strengthened by the upper weekly Bollinger Band and by the 50% Fibonacci correction of the weekly downtrend from the end of 2022. Given the strong weekly downtrend and bearish US dollar sentiment, USDCHF currency pair can be expected to fall to the next round support level 0.9000 (which stopped the previous minor correction).
Good Evening and I hope you are well. comment: Gap is still open but bulls making higher lows. Can go both ways tomorrow and it will probably be another news-driven impulse. 50% retracement is 21560 on my chart and we are close to it, so don’t try to be clever and think you know which way the breakout will happen. Odds are even. Wait for it an hop along. current market cycle: bull trend until we get a daily close below 21600. key levels: 21000 - 22000 bull case: Bulls making higher lows but failed to close the gap. I don’t think we have seen strong selling at 21600 but since we have not moved down either, bulls chances of a breakout are as good as those for the bears. Bull targets are 21650, then 21755 and finally 22000. Invalidation is below 21400. bear case: I won’t make stuff up here. below 21550 bears are favored again but for now they are obviously not doing enough. First target is 21500 and then 21400. If 400 won’t hold, we quickly move down to 21200 again. Invalidation is above 21600. short term: Bullish above 21600 for 700/800. If we break below 21450, we will likely test 400 and then if bears are strong, below 21370 we go for 21200 again. Most likely is a continuation sideways between 21370 - 21550. medium-long term from 2024-01-25: No more bullish talk. Full bear mode. current swing trade: None. trade of the day: Buying the double bottom 21400. Big bars with huge tails below at a big round number. Just buy it.
eth btc perhaps double bottom structure, then rally to the downward sloping trend-line for alt season/end of cycle.
Good Evening and I hope you are well. comment: Higher highs and higher lows. Market have formed another bull wedge but until bears break below 21500 again, we can’t know for sure that we top out around 21700. Bears need something big tomorrow or we will likely reverse the complete sell-off and go above 22000 again. current market cycle: trading range key levels: 21300 - 22000 bull case: Bulls want all those stops above the start of the sell-off on Friday and print 22k. They have closed the gap and closed today at the highs. They are in control and favored to continue higher. Can you long above 21600? I would not. We will likely get better pull-backs to 21550 or the 1h 20ema where r:r will be better. Invalidation is below 21450ish. bear case: Bears need a big surprise tomorrow or we will go higher again. They failed to make lower lows again and every bear bar after EU open printed big tails below it. Sure sign that bears are weak, despite the decent selling during Globex session. First target for bears is 21500 and if they get below 21450ish, they are favored to break below the bull wedge and go down further. Below targets are 21350, 21200 and then 21000. Invalidation is above 21900. short term: Neutral. Can go both ways but I think bulls are favored as long as the bull wedge holds. medium-long term - Update from 2024-01-27: High’s are most likely in. Any short with stop 22200 is good. I’d like to see 20000 over the next 2-3 weeks. current swing trade: None trade of the day: Buying US open since bears just gave up after the gap close. Shorting 700 was also decent since every new high was heavily sold this week.
As you can see on the chart and drawing, AMD is showing bullish signals. The upper price levels are our take profit (TP) targets, while the lower levels will serve as correction points. The danger zone and stop loss levels are crucial for deciding whether to stay in or exit this trade. Note: My ideas are not intended for any type of scalping or scalpers! You can find the full list of my ideas here: https://www.tradingview.com/u/TheMandalor/ Here are some of my ideas: https://www.tradingview.com/chart/DOTUSDT/0iXjMrji-DOTUSDT-BEARISH/ https://www.tradingview.com/chart/XAGUSD/f3wnFgyk-XAGUSD-BULISH-AFTER-A-SLIGHT-FALL/ https://www.tradingview.com/chart/SANDUSDT/ASt4ioS3-SANDUSDT-BULISH/ https://www.tradingview.com/chart/FTMUSDT/43LaHBOl-FTMUSDT-BULISH-AGAIN/ https://www.tradingview.com/chart/ALGOUSDT/UNkNbzBp-ALGOUSDT-BEARISH/ https://www.tradingview.com/chart/XLMUSDT/nrfPgI1E-XLMUSDT-BEARISH/ https://www.tradingview.com/chart/ALGOUSDT/UNkNbzBp-ALGOUSDT-BEARISH/ https://www.tradingview.com/chart/SKLBTC/02uP30ea-SKLBTC-BEARISH/ https://www.tradingview.com/chart/SNXUSD/PTJekz6N-SNXUSDT-BULISH/ https://www.tradingview.com/chart/SKLUSDT/HpMPhEq6-SKLUSDT-BULISH/ https://www.tradingview.com/chart/HBARUSDT/bvnPPXl0-HBARUSDT-BULISH/ https://www.tradingview.com/chart/CRVUSDT/ErYmGFCY-CRVUSDT-A-LITTLE-BULISH/ https://www.tradingview.com/chart/MMYUSDT/tiNWB41V-MMYUSDT-BULISH-MID-TERM/ https://www.tradingview.com/chart/ETHUSD/HyDLsFnz-ETHUSDT-START-AGAIN/ https://www.tradingview.com/chart/NOTUSDT/q3O1fcgD-NOTUSDT-BULISH-IDEA-AFTER-LONG-TIME/ https://www.tradingview.com/chart/FTMUSDT/cMtklf4L-FTMUSDT-BULISH/
I have found that Fibb Numbers can be highly effective and does not lag like an indicator. These numbers can be used to visually validate pullback and bounce zones, predict the closing price, validate a healthy trend, and show areas to take profit. using these numbers will allow the trader to visually understand how price may move. It is key to wait to validation of the level the market price comes to test. These numbers can also be used in tandem with indicators and the Gann box to further validate what is happening. It is key to use the on a time frame higher than 5 minutes to gain a view of the overall trend for the day or week. I prefer using the 15 minute time frame to view and the 5 minute time tame to validate. These levels can be used on areas of previous price moves to guide a trader before the move even happens. Using the lines allows you to really hone in on what price is showing you, where you are wrong and need to get out of way, and when to add to a winning position. Use these concepts with an institutional investors mindset. When a market is trending pullback occur from retail traders emotions causing them to sell early out of there winning positions. On these dips institutions add to a winning position because they have an edge and sense of calmness and validation provided by the fibbonacci levels. An extreamley important aspect of profitability is keeping a consistent risk to reward, cutting losers short, and letting winners to run. It is key to follow what the number are showing you and be patient for the price to validate your theory. Than an entry is taken when it is most clear that the trend is going to continue. If you are in a winning position start to think of ways to plot the next line array. use the previous legs pullback to project an upper array of numbers that may provide confluence. Volume coming into the market at these levels is also very tell tale sign this move may have institutional support. Trust the number and their properties. Avoid trading with your ego trying to predict a direction, bias, or outcome. Simply observe a trending market and let the Fibs do the rest of the talking.
Dolly Varden Silver corp is in an ascending channel and has just bounced off of long term support. We're clearly in a bull market and headed much higher. Our last pullback landed us lower than the .7 fib and a rebound to the .618 will take us to .8934. From there we're headed to the top of the fib channel which would put us at 1.25 a share. This is a good entry area for a swing trade.
? Bitcoin (BTC/USDT) 4H Chart Analysis ? Trend Breakdown: BTC is in a descending triangle pattern, with lower highs forming resistance. The price has broken below the trendline, indicating bearish momentum. ? Key Levels: ? EMA 200 (Red Line): 100,411.25 USDT – Acts as major resistance. ? Current Price: 97,815.98 USDT – Trading below the 200 EMA, confirming bearish sentiment. ? Support Zone: 95,000 USDT – A retest could occur before further downside. ? Target: 89,351.53 USDT – The chart suggests a potential drop to this level. ⚠️ Bearish Signals: ✅ Price rejected from descending resistance. ✅ Below the 200 EMA – Bearish confirmation. ✅ Breakout from the structure, signaling further downside. ? Conclusion: If BTC stays below the resistance zone, expect further decline toward 89,350 USDT. If bulls regain control above 100,400 USDT, trend reversal could happen. ? Trade Caution: Monitor volume and price action near the key support! ?