LRCX has shown constructive price action after breaking above the $253 level from a consolidation base. Following the breakout, the stock retraced to retest this level, where it found support and is now attracting renewed buying interest. The broader trend remains firmly bullish, with price holding above the 20 and 50 moving averages, both of…
On the weekly timeframe, BTC is still clearly respecting a long-term downtrend structure, forming consistent lower highs and lower lows. The price is currently reacting around a key Fibonacci retracement zone (0.5 ā 0.618), which often acts as a strong reversal area in bearish markets. We can also observe a completed or nearly completed Elliott…
In the context of Smart Money Concepts (SMC) and ICT methodologies, understanding the hierarchy between an Area of Interest (AOI) and a Strong Order Block (OB) is essential for high-probability sell setups.1. Area of Interest (AOI) for SellingAn AOI is a macro-level “filter” rather than a specific entry point. It represents a broad price zone…
AVGO is attracting renewed buying interest following a healthy retracement from its recent impulse move. The stock has re-established an uptrend, with price holding firmly above the 20 and 50 moving averages, which remain positively aligned, an indication of sustained bullish momentum. This structure suggests a high probability of continued upside as buyers step back…
The USD is trading lower today as oil slips back below $100 and Treasury yields edge down. The 10-year yield is off -2.2 bps at 4.367%, while the 2-year is also down -2.2 bps at 3.865%. On the data front, ISM Manufacturing PMI came in weaker than expected but held above the 50 levelākeeping the…
The video above takes a detailed look of the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD from a technical perspective. On Wednesday, the Fed kept rates unchanged, but the decision revealed a notable divide beneath the surface. There were four dissenters in what was likely Powellās final meeting as Chair. Hammack, Logan,…
Hey Traders, in today’s trading session we are monitoring GOLD for a selling opportunity around 4,615 zone, GOLD Was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 4,615 support and resistance area.Trade safe, Joe.
ZEC was previously in a clear bearish structure, printing lower highs and lower lows š That changed once price broke above the previous major high ā a key shift in momentum from bearish to bullish š Now, ZEC is in a correction phase within this new uptrend. As long as the bullish structure holds, we…
With three taps at the high, it looks like the Bears caught a Wyckoff Model 1 distribution and dumped the market.But before the Bears could reach their full target, the Bulls stepped in and said not so fast.Now it looks like the Bulls are off to a solid start today. The first challenge is clear,…
š¶ EUR/USD UPDATE š EUR/USD remains supported and edges higher toward the 1.1750 level after posting strong gains on Thursday.š The European Central Bank (ECB) kept its policy settings unchanged, though policymakers are reportedly considering a rate hike in June if oil prices remain elevated amid the continued closure of the Strait of Hormuz. š…
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