Bearish Divergence on Weekly TF. However, Breakout on Daily TF from 452 - 453. Weekly Closing above this level would be a positive sign. Upside Targets can be around 495 - 500 & if this level is Sustained, with Good Volumes , we may witness 540 - 550. Should not break 400, otherwise, we may see heavy Selling pressure.
Good Evening and I hope you are well. comment: Weekly outlook gave clear invalidation points and bulls broke above. We have a clear measuring gap down to 22800 now and until that is closed, it’s bullish all the way to new ath and maybe 24k. current market cycle: trading range but we could see the resumption of the bull trend tomorrow key levels: 22260 - 24000 bull case: Bulls defended the breakout and had a perfect retest with last weeks close. Every pullback now should stay above 23000 and then we are free to test 23500 and maybe even 24000. Bulls are in full control again. Invalidation is below 23000. bear case: Bears failed in breaking below the breakout of 22800ish and they had to give up after we printed 4 consecutive 1h bars with big tails below. 1h 20ema is support and until bears get consecutive closes below it again, they don’t have much. I think most bears will wait how high this one goes and start looking for shorts above 23500. Invalidation is above 23600. short term: Bullish for 23500 and maybe 24000. Bearish only below 22900. medium-long term from 2024-03-16: Germany takes on huge amount of new debt. Dax is rallying hard and broke above multi-year bull trends. This buying is as real as it gets, as unlikely as it is. Market is as expensive as it was during the .com bubble but here we are and marking is pointing up. Clear bull channel and until it’s broken, I can not pound my chest and scream for lower prices. Price is truth. Is the selling around 23000 strong enough that we could form a top? Yes. We have wild 1000 point swings in both directions. Look at the weekly chart. Last time we had this volatility was 2024-07 and volume then was still much lower. We are seeing a shift from US equities to European ones and until market closes consecutive daily bars below 22000, we can’t expecting anything but sideways to up movement. current swing trade: None trade of the day: Bullish above invalidation point yesterday given. Hope you made some.
TeraWulf's Stating An Impending Trend Reversal !! As illustrated on the 4h-frame above, NASDAQ:WULF seems to have ended well the expanding diagonal as wave (A) by an ending diagonal as the final decline in its wave ((c)) at 2.90. And so, the following retracement of 78.6% in Intermediate degree wave (B) may have started to advance in last week. Technically, it's now expected the countertrend rally by 70% in Minor degree wave A to reach the origin point of the diagonal wave ((c)) at 5.59 in few weeks ahead. The ultimate target would be around >> 7.25 in few coming months. #CryptoStocks #WULF #BTCMining #Bitcoin #BTC
rejection at hammer - looking for rejection and continued correction with market decline
Hello Traders, Here is my chart idea for Bavarian Nordic. This idea is solely based on me looking at the chart formation and no research has been done into the companies financials, potential upcoming vaccines or anything like that. The price has been going sideways inside a large ascending triangle for about 22 years now and price movement still looks to be corrective waves not impulsive waves. It looks like the price wants to come down to the bottom trendline and bounce from there. This would also print a low, oversold value on the monthly RSI. On the weekly chart it looks like the price has just broke down from a head and shoulders. https://www.tradingview.com/x/92tECpFv/ Lets see what happens.
Based on technical factors there is a Buy position in : ? PEPEUSDT ? Buy Now ?Stop loss 0.00000640 ?Target 0.00000900 ? R/R 1,6 ?RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes? and comments?
Stock reached the resistance with reject candle indicating continuing down movement. The stock targeting the green 4h zone. for confirmation we need to see reversal candle with buying volume once showed up its green light for safe entry. Don't be caught during the run down movement be safe ! and of course its insane to buy at current level at resistance. Take Care.
its side-ways stock and now getting near resistance watch out to not be trapped the stock a very safe and confirmed up trend move is when go above resistance, re-test the resistance and go higher other than that it will be 4 ever side ways zone. Take Care !
Based on technical factors there is a Buy position in : ? TAOUSDT ? Buy Now ?Stop loss 210.00 ?Target 349.00 ? R/R 1.8 ?RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes? and comments?
The price created a change in structure by breaking the previous low, so we expect a discount to enter sales. We expect the price to be at the next touch of the trend that aligns with the 88.6% fractal fib on H4 and an imbalance.