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#OIL Price at profit taking placeHello everyone, I'm thrilled to share my 101st analysis here, marking a significant milestone in my journey. While there were certainly some analyses that didn't pan out as expected, I believe the ones with better results outweighed them in total. I'd like to express my gratitude to those who supported the ideas, left comments, or liked the analyses. Your engagement motivates me to continue improving the quality of my work. Now, let's delve into the analysis of the Oil price, as it has reached a crucial price level where profit-taking activity may occur, potentially leading the price lower. As shown in the chart, not only has the price reached a bearish trendline that previously held it at lower levels, but we are also currently at the one-to-one price target projection of an inverted head and shoulders pattern , a level where many pattern traders would consider taking profits. It's worth to note that as soon as the price reached this area, it encountered some bearish pressure and failed to sustain its bullish momentum. At present, based on my strategy, I don't have any bearish signals or triggers. However, with a bit more patience, I believe a good opportunity may present itself soon. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_BRENT
by mohemati
1
#AUDUSD inverted Head & Shoulder patternNot only price managed to break above long term bearish daily channel but also seems like price completed a reverse head & shoulder pattern by breaking above the neckline as you can see in the chart. As a result we can expect to have a bullish continuation move at least towards the bearish trendline on red. Pull back to the broken neckline would be most favorable setup to go long in this pair. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
1
#USDCAD rising wedge pattern breakoutIn case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
1
#GBPNZD symmetrical triangleIn an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern. In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
5
Check today's forecast for gold's next move📣Hello Mates! Over the past several weeks, we have seen gold continue to move higher. Gold's strong resistance is at $2195. Apart from that, we have resistance levels at $2185, $2175, and $2165, from which the market can break. We believe the market will break from 2165, and then it will come down with a target of $2136. So we can believe we can sell gold from our resistance 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our resistance levels are spotted at: - 2175 - 2165 📉 And our support levels are set at: - 2145 - 2135 Stay tuned for further updates and trade smartly! 📊
OANDA:XAUUSDShort
by BigtimeFx
1
Fetch.ai: Dive in! 🤿FET continued to rise until last Sunday but has since fallen. We now consider the green wave 3 to be completed and locate the coin in the wave 4 correction. To intercept the low of this movement, we have added a corresponding green Target Zone (coordinates: $2.51-$1.82) to the chart. Long positions can then also be opened there, whereby any stops could be placed around 1% below the lower edge. After the low, we expect a fresh upward push to take the coin above the $3.13 resistance level. That this resistance level will be broken earlier is 33% likely in our view. In this alternative scenario, the price would still be working on the green wave alt.3.
BINANCE:FETUSDLong
by MarketIntel
TENCENT Peak Formed YesterdayRecent short term rebound shows peak sign yesterday with morning price surge erased in the afternoon. Which indicates selling pressure are coming back after rebound. We entered into a Callable Bear Contract yesterday at the peak with the analysis of current downtrend reacts more sensitive to sign of selling pressures. Which we see a possible short term price down coming up. While there are no sign of supporting at the bottom in the past few months of price down. We might see downtrend to continue. What is Callable Bull/Bear Contract? Is a structured product like warrants & options. It is similar to Daily Leverage Certificates (DLC) listed in SGX. It provides leverage on underlying securities while limiting the risk to the trade value. At the same time it provides unlimited returns potential at a lower price per units. However, do take note of the "knock-out" feature when the underlying securities hits the contract strike price. Contract suspend & not able to "revive" after, the losses are limited to the amount you trade on the contract. About our analysis : Utilizing the dynamic insights from a 5-minute chart. By closely examining this timeframe, we dissect the intricate volume and price transactions of significant market players. Our aim is to identify short-term support and resistance levels, enabling informed trading decisions. Through this meticulous analysis, we decipher price patterns and trends, providing valuable guidance for traders navigating the fast-paced realm of stock trading. ‌
HKEX:700Short
by ROUNDnSURGE89
QNTUSDT - BUY OPPORTUNITYHOLDING QNT to swing area and beyond - This coin is one of my top favs - If you want to understand its project - I highly advise you read its whitepaper. I believe this coin can MC to 100B and beyond as cryptos take off, Web3 becomes more advanced and in play, Future will be tokenised with blockchain! Your IDs, Photos, anything digital you own etc If you understand blockchain, you will understand what I mean. You can't dupe a FAKE photo, clone it etc from its original makers as blockchain will help protect its authenticity, originality and ownership. This has nothing to do with Quant, just in general my own opinion and view on the future of Blockchain in our daily life. Trade Safe Habibis - The future is Blockchain!
Long
by PathaanKhan
Chevron: Bottom established 🌱The Chevron stock price has established the low of the blue wave (b). Going forward, the blue wave (c) should now push the stock above the resistance at $158.99, so that the overarching wave (a) in magenta can be completed there. The next step should then see a significant sell-off. However, there is a 37% chance that the price will set a new low with the blue wave alt.(b) below the support at $147.67 (but still above the next support at $139.62).
NYSE:CVXLong
by MarketIntel
S&P 500: Turn around! 🔄After the S&P was able to close the price gap of the previous trading week, bullish pressure pushed the index up again. We have drawn a clear demarcation between our two scenarios with the resistance at 5254 points. Primarily, we categorize the magenta wave (1) as finished. The current wave (2) correction should come to an end in our magenta Target Zone (coordinates: 4635 – 4340 points). If, on the other hand, the index surpasses the resistance level at 5254 points, the internal wave Alt.5 in turquoise as well as the superordinate magenta wave Alt.(1) will reach a higher level again. We assign a probability of 30% to this alternative scenario.
CME_MINI:ES1!Short
by MarketIntel