SHAK has retraced over 10%, 4 bearish candles in a row plus its hitting the daily 100SMA.. a rebound is over due. Getting over 1% premium and expiration is not too far from today.
Price restested broken H4 trendline and now forming a possible inverted H&S. 1.8300, 61.8 also additional confluences.
TrendCalculus (TC) is an indicator that helps you to visually understand trends and rates of change in price over a particular timeframe. Here it is used to study BTCUSD. When studying any chart, you can use more than one TC indicator, to compare how rates of change on different timeframes are interacting. This can help you construct a view of active pivot points on short time frames, while also noting down key support and resistance levels on longer timeframes. Notice in this chart, I have "tuned" TrendCalculus, by finding a timeframe that really "finds" all the correct price levels over the last few years .... It's uncanny how many times the price action has "bounced" off or "broke through" these key support and resistance lines. I've added a marker in Blue to those where my pivot points offered a correct view on a support or resistance levels, and the pivot did hold, as seen by the price action bouncing. While not 100% perfect, it's pretty uncanny. Try it out! Add the free TrendCalculus indicator to your charts and let me know what you think in the comments.
It appears that the bullish momentum is exhausted, and the price remains confined within the marked consolidation zone (the square). Additionally, we are observing a double top formation on the 4-hour chart, which further strengthens the bearish outlook. This is a great opportunity to go short. Good luck to everyone, and trade wisely! ?
i Observed these Levels based on Price Action and Demand & Supply which is my own Concept "PENDAM CONCEPTS"... Please don't take any trades based on this chart/post... Because this chart is for educational purpose only not for Buy or Sell Recommendation... Thank Q
After our Fbuy print PNUT has gone bonkers. With highly volatile activity, we expect a rise to 0.77 and above which is the next possible resistance. With Another buy print at the top, we expect the trend continuation For indicator access you can text me DYOR
My trading plan is very simple. I buy or sell when price tags the top or bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price at bottom of channels (period 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is spiked negative and at bottom of Bollinger Band Entry at $58.25 Target is $60 or channel top
NAS100 in bearish trend, expected trend reversal as Double bottom can be seen with the RSI diversions.
15 min. chart: The signs - Elliot wave B point - RSI divergence - Double top - Rising wedge in a lower time frame I suggest a limit order from 0.755-0.68 Be careful! The Paper Trader.
My trading plan is very simple. I buy or sell when price tags the top or bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price at bottom of channels (period 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is spiked negative and below Bollinger Band Entry at $25.50 Target is $27 or channel top