COT: About OK. Overvalued, long team around mean. Seasonality is okey until end of January. Use proper risk managment, dont be so greedy. Good luck, I hope we will make money from it. SupplyDemandTechnology.
The M and W trading strategy has long been a favorite among price action traders, thanks to its simplicity and effectiveness. These patterns represent moments of reversal where market sentiment shifts from bullish to bearish (M) or bearish to bullish (W). Today, let’s analyze USDZAR using this strategy. Looking at the chart, there’s a potential “M” forming around a key resistance level. This structure, combined with signs of exhaustion in bullish momentum, hints that a downward move may be on the horizon. The neckline of the M pattern—often a critical support level—becomes the area to watch. A clean break below it could confirm the pattern and signal a short opportunity. However, as always, context matters. Check for confluences such as higher time frame trends, volume spikes, or rejection candles. Pair this with strong risk management by setting stop-loss levels above the resistance zone and planning your target near the next significant support level. Final Thought: Do you think the M pattern on USDZAR will play out, or is the market setting us up for a fake-out? Drop your thoughts below! Let’s dive into this setup together.
Big volume spike for such a small stock. The stock has been obliterated and has been stuck in bullish wedge for several months now. The company had promised to buy back shares several months back. The company has roughly 12 million cash all figures on yahoo finance are in Yuan not US. Debt is non existent. The company is slightly cash flow positive. Why the huge volume spike on a Friday after hours can this be the beginning of something special a bear market perhaps? The company reported earnings for the first 1/2 of 2024 when most Chinese companies report but once a year. Revenue increased by approximately 26.9% from approximately HK$6.1 million for the six months ended June 30, 2023 to approximately HK$7.7 million (US$1.0 million) for the six months ended June 30, 2024 Net income decreased by approximately 13.6% from approximately HK$0.7 million for the six months ended June 30, 2023 to approximately HK$0.6 million (US$80,000) for the six months ended June 30, 2024 Long the stock
Last year, the LTC/USD 6-month chart was unable to break out of the triangle formation, but this scenario could change over the next six months. If Litecoin breaks out of the triangle, we would likely need to test the previous all-time high (ATH) levels around $420. Beyond that, the next significant Fibonacci levels are at $680, $1,090, $1,520, and $1,800. The realization of these targets will depend heavily on two factors: ETF approval and overall market sentiment. Notably, the Fibonacci 3.618 level aligns with the breakout line from the triangle, which corresponds to a price of $1,520. A $1,520 Litecoin price would imply a market cap of approximately $130 billion. To put this into perspective, if Bitcoin’s current market cap is $2 trillion, a reasonable maximum valuation for Litecoin could be around 10% of Bitcoin’s market cap. This would equate to a potential Litecoin price of $2,669. With the current prices this would mean an LTC/BTC ratio of 0.0274 and is highly dependent that Litecoin outperforms Bitcoin in the current months. Happy New Year! I hope this analysis provides some insights. As always, do your own research. This is purely for educational purposes and not financial advice.
Price Action Overview ? On the daily chart, we see price action testing multiple Fibonacci retracement levels from three distinct legs, creating a powerful convergence of support and resistance zones. This alignment sets the stage for potential significant price movement as the market decides its next direction. Key Insights: ? Three Fibonacci Legs in Play: The chart shows three separate Fibonacci legs, each derived from different price swings. As these levels converge, they form a critical juncture for the price. This confluence often serves as a reliable point for reversals or continued momentum. ? Daily Levels in Focus: Price is currently testing these pivotal Fibonacci zones. With each leg providing a different layer of support and resistance, the outcome here could determine whether we see a breakout or a pullback in the coming sessions. Market Analysis: ? Converging Fibonacci Zones: The three Fibonacci legs have created overlapping zones that amplify their significance. A decisive break—either above or below these levels—could signal the next major trend. Traders should keep a close watch for confirmation of a breakout or signs of rejection from these key levels. What’s Next: ? As price action hovers around these critical levels, it’s essential to monitor for signs of breakout or reversal. The confluence of three Fibonacci legs makes this a key area to track, with strong potential for trade opportunities depending on the market's reaction.
Well hard to argue this thing show oscylator kid behavior. I really do hope we gonna pierce dashed line. Otherwise we may have some serious discount on stocks.
All reasonable due chart situation. Expect 30% down rush, very quick. And I’ am convinced, that we all talking about a big crash within the next 3-9 weeks. Wait for RSI divergence. My intention, take the down move with SQQQ.
(My other post broke my chart) After a particularly ugly selloff, the price has stabilized around 0.5CAD. I believe the price will move, potentially next week, ultimately reaching 0.69CAD, followed by 0.83CAD. There is certainly potential to move higher, but I wouldn't expect a move past the recent highs until MILF (huehue) shares their economic report for their Trojarova deposit, hopefully this spring. At that point, it could be game on for higher. You can see a wedge? triangle? pointy polygon shape, with lower lows and a resistance level at 0.5CAD that will be broken through soon.
COT datas: OK Overvalued Short and Long term. Seasonality is good until mid-February. Use proper risk managment, dont be so greedy. Good luck, I hope we will make money from it. SupplyDemandTechnology.
Intel sitting at key support level. This analysis is for informational purposes only and not a financial advice.