SHIBA INU 🐶 Diamond Reversal Pattern 💎 🚀Shiba Inu (SHIB) looks like a bullish breakout of a Diamond Reversal pattern 💎 at a key Resistance level flipped to Support 🛡️... in confluence with a Fibonacci Retracement to the 0.618 golden ratio level! 🌈
Fibonnacci
UNI for the Weeks to ComeUNI's chart looks healthy unlike some other altcoins. The up and down trend lines are almost parallel and very prominent. Since the beginning of the bullish rally in December last year, the support hasn't been violated and its pretty fast upwards. I expect this support to hold ofr the upcoming few weeks even if I expect the Crypto market to have a major correction soon along with that of the stock market. In the near future, nonetheless, the trend will tilt a bit towards including the original (secondary) trend, continuing upwards but with a slower pace as indicated in the graph with the yellow arrow.
Dax - Short - Pre PayrollsThe Dax could move lower towards support around 14,000 as equities continue to look shaky over inflation fears and subsequent comments by Yellen that as a result rates may need to be raised sooner than previously anticipated by the market. Additionally, the RSI is at 65 indicating the index could start to become overbought as we await non farm payrolls on Friday, which could highlight further that the US economy is overheating and inflation will overshoot the FED's target rate.
Speed Analysis Indicates a Year Ahead without Much GrowthTSM is an excellent stock when it comes to the fundamentals of the company, yet, it has experienced a major slowdown recently. Analyzing the speed of the growth based on the latest two major bullish trends, the COVID-19 trend and the one before it, one can identify the median range where we stand right now. The Fibonnaci Speed Fan analysis also takes into consideration the exponential growth starting this year and uptil a little after the GameStop squeeze, showing that it was in the normal, albeit high-end range of operation of the COVID-19 trend. Since the highest point was hit in February, now gravity is pulling us back towards the pre-COVID19 levels, and not only the pre-GameStopSqueeze ones.
There's another major factor at play here: the Chinese market. Comparison with GLOBALPRIME:CHINA50 , as indicated in the chart, shows that TSM is faring better than, while being heavily influenced by, the market condition in China. Given my analysis before regarding the Chinese market, I believe we are now in the normal pre-COVID 19 range of operation and we are not witnessing a bear for now.
For TSM, I don't see a bear either given the company's excellent profile. However, the stock price is not yet in the pre-COVID19 range, as it's stuck in the median trend. This should change given the lack of momentum arising from market saturation. My estimation of a price target is around 130 for April next year, when the current flattening meets the pre-COVID19 trend line..
Harmonic Resistance at 138.2% FIbonnacci ExtensionAs indicated in the 1D chart, we are on the 138.2% Fibonnaci extension. The next extension level is around the 3150 price and is not a harmonic resistance, so to speak. This means that the current level should provide a strong resistance and a high chance of turnover. The harmonious nature, evident by multiple Fibonnaci retracements across different durations, is even clearer with the trend line of the recent peaks. Moreover, the latest candlestick patterns in the hourly chart also indicate a slow down.
US500 Over the TOPUS500 as climbed high in this last weeks.
Value is now overbought do to the high distance from the ichimoku support and the 18 days of green values.
Value reached the top of the uptrend channel
Trading idea based on fib's retrace and comum sence.
Trade safely
Cheers!
Long term profit for alpha incoming !After a successful prediction for a large profit on alpha the trend broke and started a short squeeze. This squeeze might keep for a couple of days and then should start a new uptrend. In the long term you should be able to pick a 100 % profit. Place your stop loss at 1 $ and your sell limit at 3 $ it will most likely go even higher in the long term, but at this point ill do a new post for sure. Also the fibonnaci retracement correspond to the break time !
LTCUSDT: Long term viewAfter touching a strong resistance, litecoin needs a deep retracement, then will pump to the target!
Ethereum: Bullish GartleyEthereum has made a second high in previous days to form point C ($1964.97) of a bullish XABCD pattern.
BC made a retracement of 87.5% and therefore we could expect CD to have a given movement of 78.6% retracement from XA. Price action will move upwards from Point D ($1155.70) to complete the Bullish Gartley.
This technical analysis is for educational purposes only.
CROUSDT is going to pump +100%The second cosmos ecosystem coin by market capitalization is going to complete its 5th Eliot wave of the supercycle!
GOLD Weekly analysis !!Good day Traders !!
Weekly : We have retraced all the way to the last level of the Fib retracement and broke below it , retested it and continued our way to the downside.
When we look at the structure the market is printing Lower Highs and Lower Lows through a downtrend channel. We have Two scenarios possible right now : either we are going to grab the liquidity for the big impulse that we expect from the 1740 Area before dropping, Or we will immediately drop and reach to the next demand zone before looking at any kind of retracement.
From an institutional perspective we have on Gold a massive drop of the Net position since we went from 280,000 Net position back in early January until 190,000 on the last report that was posted last Friday.
Also during the last four report institutions have added a lot of short position and closed close to 50,000 Long position. This is a sign of the very bearish move that is expected.
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Trade safe !!!
RSI + BOLLINGER + FIBONNACI BANDS = 24.300 USD PROFITTake a look to this strategy on SP500 E-mini Futures.
Greetings from Colombia.
GBP/USD To reach 1.40 For GBP/USD we are currently sitting on a very strong support level and we do expect the price to reject it and continue it's move to the upside and reach the 1.40 Price. We have a Daily ascending channel and we will target the upper trendline for our long position and then we can look for other opportunities afterward. For the time being from a COT data perspective we can clearly see that GBP is getting very strong and that long order have been filled and we should expect this momentum to continue and reach our target or even more.
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ETH down or LINK upIf we consider some potential coins against BTC or ETH we may predict future of market.
EUR/AUD full Analysis !!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have an impulse correction impulse pattern and we could be looking at a potential target 1.50
Weekly : We are currently on the 5th wave of Eliott for the last impulsion to complete the pattern before the correction sequence "ABC"
Daily : We have a descending channel . "M" formation and we expect the price to retest the neckline before the massive drop. Also we have a strong area of supply right beside the trendline.
COT : Institution have been shorting EUR massively since they added closed more than 21000 long positions and added close to 7200 long position during the last report.
From an AUD perspective we are still looking at a strong AUD even though hedge funds added shorts positions and closed longs and this explains perfectly the retracement of this currency with all the pairs.
4H: We have a strong area of resistance + supply either on the 4H and Daily timeframe.
MACD : we are in a bearish environment
EMAs: Cut for short for the moment .
EMA 200 : We are still below this EMA and could be considered as a resistance itself in case we decide to go higher to grab more liquidity.
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RUN - Possible Breakout Opportunity
RUN looks like it's finally breaking out to the upside here. Drawn with the furthermost trend lines (purple lines) on the wicks, this should be in a safe spot to expect a pullback for entry in the 75.50 - 76.50 zone before another leg up.
There are two areas that are considered the golden retracement zones (50% and 62%) for any possible rejections. These are my interest areas to capture profits. Levels to be aware of are 79.00 / 81.50 / 84.50 / 88.50 on the upside. This plan will be considered a failed break out if it closes under 74 or 73.50 to be more precise.
200-count Linear regression also helps visualize this trend as it's above the midline and continuing to point upwards. Pullback via linear regression also shows the 75.50 - 76.50 area as support.
Only downside is that the momentum of the push wasn't as great as I had expected and seems to be fizzling out. Perhaps a sector rotation back into Energy - Clean energy would help push this further.
There's also a possibility of a run-up towards the earnings at the end of month. I expect to take off most of my position by then, as their preliminary earnings release (and sell off afterwards) goes to show that investors' money can be better spent elsewhere in the meantime. At least, until it can fit the assumption that RUN is worth what it is at this price.
$ index , Are we looking at a rejection of the weekly Neckline ?Good Day traders !! It's time for an update on the DXY , like we were expecting on our previous analysis the dollar index melt down to retest the Neckline of the weekly W formation, now what's next. We do have some important news coming up on Wednesday and we do expect the DXY to complete the Monthly pattern and test the Monthly neckline of the "M" formation before the continuation to the downside. Also we are sitting right now at the 0.5 FIB level of the retracement taken on the previous impulse leg and we expect a rejection from that area to the upside.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
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Minuette B Up and Minor Wave C Down ?Our last trade for Wave C Down hit our profit target of 15%.
We could see short term price action go up to 33k to 34.6k ish but we would not enter any long position at that small of a wave degree pattern.
We are still looking for Wave C Down and would take the appropriate PUMBA signals when they all are in alignment.
Looking at the time extension, however, it is unlikely that we have actually seen Wave B yet.
Again, given our trading plan.... it is not 100% necessary to have the wave count correct when projecting forward... what is most important is to recognize the direction of the wave!
APPLE | Bearish XABCD PatternAPPL has formed a bearish XABCD Pattern and looking for a minimum retracement level to 0.382 (107.38). If that level does not hold, we can expect a retracement to the regions of levels 0.5 (95.97) - 0.618 (85.86).
BITCOIN | Potential XABCD PatternSCENARIO A: If Bitcoin breaks out above of the symmetrical triangle on the 4H chart, it could form a potential XABCD pattern . If it does, we could see strong pullback from point D.
SCENARIO B: If Bitcoin breaks out below of the symmetrical triangle on the 4H chart, it will see a Fibonacci retracement to level 0.618 where the bullish trendline has been holding since 18 October 2020.
