LEAP: GBPUSD Week 15 Swing Zone/LevelsFollowing last week's sharp whipsaw that ended in a downtrend due to the tariff announcement, the expectation is for the downward trend to continue. That said, price action may ultimately tell a different story.
Trendanaylsis
$NYSE:RTX Rebound After a Healthy PullbackNYSE:RTX is currently in an uptrend, as evidenced by its strong upward movement, followed by a period of consolidation. This phase is crucial as it allows the stock to gather strength and form a stable base before potentially continuing its upward trajectory.
The RSI indicates that the stock is approaching a neutral range, which suggests it is neither overbought nor oversold at this point. Given the overall trend and the current consolidation, it would be prudent to allow this phase to fully mature. This will provide a clearer indication of whether the stock is ready for a breakout or if it needs further time to stabilize before continuing its trend.
Patience during this phase is key, I'm looking for a breakout beyond 121.40$ to reconsider a position.
XAUUSD May 27, 2024 gold's reaction after a sharp declineWith investors' expectations of interest rate cuts in the market increasingly decreasing, especially when statements from Fed members last week all hinted that there will be no plans to cut interest rates in the near future. This interest rate causes the expectation to buy gold to decrease, leading to a weak demand for accessing the market.
Looking at H1 last weekend, we witnessed a strong decline according to the Elliot wave principle. This strong decline may be a characteristic of wave 3 of wave c in the abc correction wave as shown on the chart.
- Currently the price is in a recovery phase and this could be wave 4. We measure the target of wave 4 ending at the price range 2351-2355
- Then the price continues to decrease to complete wave 5 as well as wave c, then we have the target price area of this wave 5 at 2322.7 or 2311.5
Trading plan
- We can sell at area 2351-2355 when candlestick reversal signals appear in this area.
- We can buy in 2 areas 2322.7 and 2311.5 when candlestick reversal signals appear in this area
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
GAS/USDT The confirmation of a breakout for a long trade!BINANCE:GASUSDT.P The breakout from resistance in the GAS chart is evident, signaling a favorable moment to enter a long trade.
#GAS/USDT LONG SCALP
Entries: $7.196
Take profit 1: $7.308
Take profit 2: $7.518
Take profit 3: $7.918
Stop Loss: $6.543
Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by liking and sharing in the comments section:)
Thanks
The sroced.
GOLDEN STAR|GOLD Move to the next goal-By passing the Mfomti area ahead, my idea for the next movement of gold is that, gold continues its upward movement, which is the next resistance area, which is the price (2069).
-By reaching this area, we can see the price return from this level.
-Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
USOIL IDEAMonthly wedge presents an upcoming breakout with potential poi.
December price action presented a formation indicating a daily uptrend towards the monthly hi. ( will it break the monthly resistance )?
With new higher highs presented since then, price now sits around the 50line presenting monthly consolidation towards a breakout. ( will it continue to the downside in Q1 )?
Also looking for 2 weekly positions on the daily chart for a 1/3 entry and 1/10 entry.
If price continues to decline below the 84-81 zone look for potential sells.
All together this should give you 2 swing entries on the daily, 2-3 scalp entries from the 4 hour and 2 potential entries on the monthly!
Happy New Year!
A Breakout Signal!With significant price movement from the previous trade, the candlestick indicates a breakout signal where the price closed above the MA200 line backed by high volume due to buying interest.
MACD and OBV indicate a divergence signal and confirm the price uptrend towards the next price resistance.
Precaution since RSI is at indexer 70; becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback.
Let's save EG in WL and watch out price uptrend towards the next price resistance.
R 0.570
S 0.515
Gold Spot / U.S. Dollar Long PositionThe chart indicates the downtrend. ADX supports that a new trend will emerge. When MFI indicator will be under 20, it is buy opportunity.
Target: 1873.41
Entry: 1760.25
Significant Price Movement!The candlestick body indicate a breakout pattern due to signicant price movement on previous trading where the price croses over the MA50 line. Hence, with probability of begining of uptrend pattern.
The RSI indicates a strong gain momumtum towards indexes 50.
MACD and OBV indicate an early sign of a divergence pattern.
Precaution for a price correction between 10% to 20% from recent price peak before continue with the uptrend momentum.
Let save CFM in WL and watchout for price uptrend movement to next price resistance, the MA20 line.
R 0.770
S 0.635
BTCUSDT ShortTime Frame: 4H
Symbol: BTCUSDT
Entry: 36219.24
TP: 31866.78
SL: 39918.84
Bias: Short
As we predicted yesterday the pair will go downward, it happened already very nicely. Our analysis shows a further drop of the price level and therefore we are for a sell opportunity.
AMP set to soar? 10 Cents by Oct.15th?Looking at the daily chart an important up-trend line (dark blue) beginning January 28th, 2020 is broken for the first time on September 14th, 2021. Corrections on to this trend have fell on average 36%, and have bounced around in between 3 and 7 cents since May of last year. Support and resistance of these retracements are marked by the dashed light blue horizontal lines.
Along with current forecasting for an altcoin bull run here at the end of the year I believe AMP will see new highs ending it's current consolidation.
Enter < $0.05 | Exit > $0.07 *at own risk
FILUSDT: Makaveli & FILUSDT Bullss Next Parabolic Move TargetFILUSDT bulls are getting ready to Pump From $54 to $400 Next and here is why....Like and Subscribe to support my work and growth, Thanks in advance.
In this game, Wealth is always transferred from the impatience to the patience and this is why I use the higher timeframe for this analysis to catch the Big green bag here as a good potential is boldly staring at me here.
Now Mind you that this is a weekly chart analysis, so this will take some time to play out as price is just currently attempting breakout.
My Target on Fill is at three important take profit points, This are resistance point that could show some signs of a pause, pullbacks before the trend continues
now this is going to result to over %600 in profit.
My first take fromfit point is $97, Second take profit point I see is at $117, and My Last take profit is at $400
ZIL Long - The trend is your friend!Working between the two daily levels of support and resistance. Noticing a global trend, I am looking to make a quick play on the local trend.
We broke a previous downtrend, flipping that line to support and then moving on to create a new uptrend.
Playing it safe and trying to minimise risk (I am learning after all!) though, I may have misjudged this upward trend in terms of width, potential to drop outside and get bitten by my SL. I am hoping the support line holds. If so, I think it will be OK. BTC dependant.... Though ZIL was behaving differently to BTC are numerous points through today...
Let's hope ZIL continues to move up in this direction without breaking those lines too much.
BTC | Following Bitcoins Current Breakout TrendBitcoin seems to have enough momentum to make to $20k over the course of the next few weeks
Time will tell if this is to become a reality
The market seems to support this so far, so all we can do is wait and see for now
