Profound_Ambition

Profound_Ambition Updated  Oct 16, 2024

Price is currently in a key demand zone looking left, where a large movement to the upside took place to push price higher. Price is back in that zone again, and is currently squeezing in a falling triangle reversal pattern at at key level zone. Above this key region here I am anticipating for buyers to build up momentum to push price out of the triangle pattern...

Profound_Ambition Oct 14, 2024

Price reached the key level zone looking left, where previously large momentum movements have taken place. Price today has failed to make a new lower low, and when retesting the key level zone buyers pushed price off the zone showing that a shift of trend may be preparing. Looking for a shift back to the upside above this key region here.

Profound_Ambition Oct 12, 2024

Price is following a uptrend structure making higher highs & lows. Price is now in a consolidation range, and has rejected the top of the range 3 times, which also aligns with a powerful area of previous resistance looking left. I am looking for price to test the bottom of the consolidation range, which aligns with a key area of support & structure. I will be...

Profound_Ambition Oct 4, 2024

Price is displaying a clear shift of trend structure currently forming lower lows & highs. Price at the all time highs, had a bearish engulfing reaction occur, and failed to make a new higher high after showing that buyers had no more momentum to move price higher and sellers stepped in to shift the market structure, creating a new lower high and shifting the...

Profound_Ambition Updated  Oct 4, 2024

Price has reached a key area of resistance looking left, where a powerful movement has previously occured. Price has formed 2 rejections at the zone currently, displaying a spinning top indecision candlestick, and is currently in a consolidation triangle on the lower timeframe. Looking for one last rejection to occur at resistance for a high Reward / Risk ratio...

Profound_Ambition Sep 15, 2024

Price is following a powerful uptrend making a series of higher highs & lows. I am looking to see if price will revisit the last higher low structure support once more, which also aligns with the 3rd touch to the ascending channel bottom. From this zone I would be looking for a lower timeframe reaction, and a potential continuation of the uptrend for a new...

Profound_Ambition Updated  Sep 2, 2024

Clear shift of the trend structure now turning bearish, after breaking through structure support last week and creating new resistance, shifting price into a downtrend making lower lows & highs. Weekly bearish engulfing also showing a shift of momentum on the higher timeframe. This upcoming week, I would like to see price pullback to create a new lower high and...

Profound_Ambition Sep 1, 2024

I will be monitoring price at the key zone of resistance above for a potential rejection & move back to the downside again. This zone has acted as powerful resistance multiple times and with a clear rejection sellers could push price lower again.

Profound_Ambition Aug 18, 2024

Price has been making a nice correction after the last big movement to the downside previously. Price is in a rising wedge bearish reversal pattern, at the key area of resistance / support structure looking left, where big moves has previously happened at this exact zone. Price formed a Doji indecision candlestick at the key zone, along with a 3rd touch to the top...

Profound_Ambition Aug 17, 2024

Extremely bullish finish to the previous week, as price has closed above the upper boundary resistance trendline, dating all the way back to May & July of this year. 3 tests to the trendline has made it valid, and price on Friday has closed above the trendline & broke through the all time highs. For the upcoming week, i am looking for a retest of the trendline...

Profound_Ambition Updated  Aug 2, 2024

Price has reached a key level zone looking left, along with making a 3rd rejetion to the lower boundry trendline. A doji candlestick previously formed as well, along with multiple rejection candlesticks to the key zone. This is a key indication that sellers are losing momentum, & that buyers may be preparing to push price higher again above the key zone here....

Profound_Ambition Updated  Jul 31, 2024

Price has pulled back to retest the previous lower timeframe structure as resistance, forming a lower high. The retest zone also aligns with a key higher timeframe zone looking left, & today the candle is closing as a Doji indecision candle at the retest zone, showing an indication that sellers may be preparing to push price down again below this key region...

Profound_Ambition Updated  Jul 24, 2024

Price has made a fresh higher low of the uptrend, retesting the previous key area of resistance on the higher timeframe as new support, rejecting with an indecision candle at the key zone showing an indication that buyers have stepped back into the market after pushing off the key zone. On the lower timeframe for entry, I am looking for a breakout of the lower...

Profound_Ambition Updated  Jul 19, 2024

Price is approaching a key area of previous structure resistance turned support, leading with a strong bullish movement previously to form a new all time high. Price has been pulling back, & is nearing the key area zone below, where I will be watching for a retest as new support on the lower timeframe for another potential move back to the upside again. This...

Profound_Ambition Updated  Jul 12, 2024

Price has been moving with heavy bearish momentum for the past 4 days after price rejected the upper descending trendline, breaking through the wedge and an area of structure to finish off last week. Looking for a slight pullback to retest the broken zone as new resistance on the lower timeframe, for price to continue lower towards the regions below along with...

Profound_Ambition Updated  Jul 8, 2024

Price last week, made a strong bullish breakout through the key level zone forming a fresh high following a strong uptrend impulsive movement. Now, price is currently making a correction, & i am looking for a new higher low to form, retesting the previous key level resistance structure zone as new support forming a new higher low, where on the lower timeframe i...

Profound_Ambition Updated  Jul 3, 2024

A triple bottom could be happening here, looking left also this is a key demand zone where big liquidity has moved price in the past. Also, the last 4 hour candle closure was a spinning top indecision candle, at a key level zone is a big indication that sellers may be losing steam & buyers may be preparing to jump back in from here. This is also a strong area of...

Profound_Ambition Updated  Jun 28, 2024

Price made a double bottom at the key level zone (gray region) & since has pushed up with a strong shift back into bullish momentum. I have identified a potential bullish reversal pattern forming, the Inverse Head & Shoulders formation, & price is currently forming a right shoulder in the retest supprort zone. Above this zone, I am anticipating for buyers to...