Since the Recent Shakeout of the WXY pattern is now complete, the Daily and the weekly RSi are at the bottom. Now, we are possibly looking for an ABCDE pattern to Playout.
This markup is to determine the best probability to find bulls or bears. Identifying S/R, Base structure and smart money.
Recent Downtrend: The price has dropped from around $99,000 to approximately $86,000, indicating significant selling pressure. The Kijun-sen (red Ichimoku line) is trending downward, and the price is below the Kumo cloud, confirming a bearish trend. Ichimoku Cloud: The future cloud (Senko Span A and B) is wide and bearish, indicating strong resistance at higher levels. The Tenkan-sen (blue line) is below the Kijun-sen, which is a sign of market weakness. HARS Indicator: It is in the oversold area, which could signal a temporary correction or rebound. If a bullish divergence appears, there is a chance of short-term price recovery. Conclusion: ✅ The overall trend is bearish, but due to oversold conditions, a short-term pullback or correction is possible. ✅ If the price stabilizes above $89,000, we could see a move towards $92,000. ❌ A break below the $85,000 support level could lead to further declines towards $82,000 or even $72,000. I'm in a short position for the short term and will definitely set my stop-loss around $89,000. Wishing you success and profitable trades!" ?
NASDAQ:RIOT may conclude the entire correction in Minor degree wave 2 on cluster of the anticipated Fib targets. Technically, the wave structure of corrective wave 2 in a wxy double zigzag seems to be completed well now. And also exceeding the Fib channel & cluster of the expected Fib targets indicate the current level at 8.70 should be respected likely as a significant low. #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
I see a potential buying opportunity at the PEP (Potential Entry Point) I marked. However, I will wait and only enter a market buy if the price breaks my trend line and there is a shift in the MACD.
The market for Yen futures has been exhibiting a clear upward trajectory, with the price consistently respecting an ascending trend line. This trend line has acted as a support zone, with the price bouncing off it multiple times, indicating strong bullish sentiment. Currently, the price is approaching the trend line once again after a minor pullback.
This video is an overview on why I am currently still bullish on NVDA and NQ overall.
The EURO is currently displaying a bullish intraday market structure, with a series of higher highs and higher lows. After consolidating near key support levels, the Euro looks set for an upward move as it breaks above a recent swing high. This price action suggests the potential for further upside during today's trading session
Based on the H1 chart analysis, the price is falling toward our buy entry level at 1.2637, an overlap support that aligns close to the 50% Fibonacci retracement. Our take profit is set at 1.2672, an overlap resistance. The stop loss is placed at 1.2605, a swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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