We are in a downtrend and we have a support holding has a strong resistance right now,i will be expecting price to continue downside when the market opens. The last two touches are forming a double top at the resistance so i will be looking for price to continue to push down, Also there is a retest of a bearish chart pattern.
The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used by all types of traders and investors. The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target...
As you can see here. I'm awaiting shortterm a further bearish movement. Perhaps touching the 200's SMA. After this I expect a sharp rise in gas going into the seasonal peak time for natural gas.
BTC Break bearish flag pattern. The bearish flag target is 18600
As we watch the price for BTC develop from it's recent lows, we haven't seen much bullish action and it seems as if bears just have complete control at the moment. I was super bullish on this pair but as we move forward, there are just more and more signs that BTC will soon be making a new bottom. With the little amount of buying pressure I'm currently seeing...
Awhile ago, we have started to see a M shape starting to form on Top Glove. In textbook, we call it the double top meaning price will reverse back to original level soon. This link will help you to study about double top, www.finvids.com But we have no confirmation yet until today 5pm we saw TG closed below RM6.11 key support level also called as the neckline....
MATICBTC broke bearish flag, and now the price is testing daily support, if the price will break the support, and turns into new resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
Possible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.
bearish channel formed and breakout of previous support.