⚠️ DOGS Update: Since my previous analysis, DOGS has developed a clear bullish pattern known as an ascending triangle on the daily chart. This formation suggests a phase of bullish accumulation, pointing to a strong potential for upward momentum. To validate this outlook, we will look for a bullish breakout above the triangle's resistance, confirmed by a daily candle close above it. This could pave the way for a potential rise to 0.00099 and eventually to 0.001. However, a bearish breakout below the triangle's trendline would indicate the possibility of a significant downward move.
Fibonacci Retracement Levels: The chart displays key Fibonacci retracement levels, such as 0.236, 0.382, 0.618, and 0.786. The current price is at 0.00003195, very close to the 0.786 Fibonacci level (around 0.00003190). This level often acts as a significant support or resistance point. Marked Zones: Horizontal support and resistance levels are highlighted on the chart: 0.00003272 appears to be a resistance level. 0.00003086 is marked as a potential support level. The price seems to be consolidating near these zones. Potential Bearish and Bullish Scenarios: The price has tested the same resistance level twice, suggesting a double top formation, which could indicate a potential reversal. If the resistance is not broken, the price might retrace further to lower Fibonacci levels (e.g., 0.00003086 or lower). If the resistance is broken, the price could head toward the next target at 0.00003303. Indicators and Performance: On the bottom-right corner, the trading volume (14.7T) and daily price change (-0.06%) for SHIB/USDT are shown. The performance chart highlights percentage changes for different timeframes (e.g., +66.60% for the past week, while the daily performance is flat at -0.06%).
20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: Persistent multiple rejections upwards, at this key psychological level, may force a short-term correction I deeply appreciate you taking the time to study my analysis and point o
Just a Short turn Top Structure. I could have Done a 5 wave Elliot. showing it Confirming This is a short term top. But 15 min Elliot Wave count is what it is. Usually 1 hour or 2 hour is better. Also if my Wave C start Is! do not hold it will shift Structure or Negate it.
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Die neue Thriller-Serie The Madness ist zwar auf dem ersten Platz der Netflix-Charts, kassiert aber durchwachsene Reviews. Wir erklären euch, warum die Serie trotz ihres Erfolges nicht für jedermann geeignet ist. Den offiziellen Trailer könnt ihr euch indessen ganz oben ansehen.
ETHUSD is on longterm uptrend but it formed a sell setup its clear its retracement taking place and i think it would be wise to take advantage of it
A video version of this analysis is available in the link on my tradingview channel. Last week, was more of the same and it provided more confirmation that the trend continues to be in favor of the bulls. By now you should have realized and understand, that I do not sell, instead, I take my profits at my HH's and then wait for the market to sell back to the next largest HL before entering another Buy. (Sounds easy, however it requires constant practice) I will repeat this... 1. I am not a signal service 2. I offer no subscriptions 3. I am under no obligation to tell anyone when I enter and exit trades 4. If you would like to follow my strategy, you must view the content that I constantly share and use it to develop your own methods. You must practice, review, analyze in order to be successful. Last week, I highlighted two zones of interest for my entry, however as the week played out, I realized by Tuesday, that the price had no interest in going to my Zones as it registered two HL's on the H1 and H2 Monday and Tuesday which by then confirmed that the weekly low had already been made by Monday's H1 HL. I only took 3 trades last week and every single one of them ended in ATH broken. (100% win rate) If you go back and review your charts, you would have noticed that the H1 gave a total of 6 low points, all of which facilitated a new ATH eventually being broken. So for this week, I already have an entry carried over from last Friday's London session's M5 HL @ 21596.0 which will be broken before any other kind of meaningful retracement on the week. So for right now, it's allowing the trend to do it's thing and bring home another guaranteed HH. This market will continue to make HL to HH's and will finish 2024 very strong. Have a great trading week. #oneauberstrategy #auberstrategy #aubersystem #whywewait #zigzagtheory #patience
https://www.tradingview.com/chart/d5w5k0Pf/ Friends, the levels are given on very high time frame which is weekly. The smartness here is, the Cup is inside another cup. The Fibonacci retracement target level is exactly matching where Cup and Handle target is. So, we can consider its reliability. I would love to see your comments for improvement if there is any. Request you to please provide your honest feedback. Good luck.
OANDA:XAUUSD market continues to consolidate within the range established last week. Despite the release of high-impact news, the market reacted poorly. The current price action indicates a market structure shows lower lows and lower highs giving a slightly bearish sentiment. Even though on the daily timeframe, it seems the market is forming a triangle pattern which is consolidation pattern. I anticipate that the market may remain in this consolidation phase throughout December, as it is common for markets to cool down during this month. https://www.tradingview.com/x/Sa1MHLhq/ On the weekly timeframe, we observe a small range, with liquidity present both above and below. In the long term a breakout above or below this range could lead to two potential scenarios for forming an ABCD pattern. However, I believe the market may drop below the support level of 2535, as the bullish momentum from this zone has not been sufficient to push prices above 2700. This could lead to a dip below that level in order to gather bullish momentum for a subsequent move higher towards an all-time high. However, all things considered, I believe this market will continue to trade within a narrow range. We will need to remain responsive to market movements as the situation unfolds. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??