Strong break through downwards through support, looking for further bear pressure.
It's my 1st time to have DXY analysis, I start from longer time frame to short time frame sequences. 1M chart: For long run, DXY will approach and breakthrough 103.82 which was set Jan. 2017. 1W chart: In middle term, DXY stuck in a pivot area 95~98 for past 10 months. It may continue 1~3 months oscillation before break through resistance 98. 1D...
As stated in a previous post regarding AMZN's breakthrough, it is necessary for the price to display a confirmation movement in order to be qualified as bullish. Looking at the circled area, it is very evident that this confirmation was made today as DIA bounced off of the previous resistance directing itself back upwards. It will take a week or two for a steady...
this looks like a flag on this picture on the chart we can see the largest volume in the last 38 days , the volume is really huge , this is a reliable sign for a true breakthrough. ENTRY the closure of the four hour candle above the level of 0.0005073 RISK another bart simpson pattern on the btc chart :D
Wait for it to close and see in which direction it goes. Looking for a sell then a retest at 105.500, then continue to go down.
Just starting to learn technical analysis, probably made a couple mistakes or its completely wrong. Anyone who finds something wrong with my analysis and would like to share some tips id appreciate it. Thanks
A very long time coming for this triangle trend which I forcast to breakthrough before the 12th of Jan. this shows a lot of potential in IOTA and with the consideration of the announcments that the IOTA dev team has lined up for Q1 of 2018, this breakwill only be a small upwards candle in the grand view of the charts by April.
ENG just broke thru the top trend line as well as an important older resistance line. If we can close this 4hr candle well above the trend line still, get ready for a fast ride up bois
EMC2 is going to breakthrough according to its graph. In this downtrend pattern EMC2 tried several times to breakthrpugh, but didn't succeed. The BIG news that will be published on the 19th of December may help to breakthrough and could multiply its effect. USD graph is also relevant. Add this one on your list.
If it breaks below then there's enough room to short. If it looks like its going to reverse to the upside then you should be more carefull. It might be a short term consolidation.
This is a classic Price Action set up. Price recently broke through a fairly strong weekly Support and Resistance level 1.17175 and is now retesting it. This line has offered both Support and Resistance going back as far as 2006. This means that the 1.17175 level is about as strong as they get. If the level holds and price confirms it is moving back up we...
So, a strong piercing line candlestick pattern has emerged on the daily chart, a few days earlier, and I wanted to go long, but the technical analysis was still a bit too much on the sellers side, so I entered the 1H chart, and waited for the resistance line breakthrough, before going long. So I went long here at 3936.27 Stoploss: 3200.00 (2 % risk of...
In this pair, I have analysed and come up with two possible scenarios. The two uptrends shown are very strong and likely to continue. I believe that price may bounce of the first trendline (blue arrow) however if it does breakthrough, it will bounce of the second trendline (green arrows). I believe the second trendline is more likely as it has only had 2 touched...
This is a great opportunity for a very long-term LONG position. The pair has been in a strong downtrend since 2008. From Feb 2016 it has shown strong bullish action focusing on the candlesticks. I believe it could hit the weekly resistance and bounce off to now begin either a uptrend or consolidation.
We have a strong possibility to breakthrough this channel
The breakout is expected to reach around the 1.125 area, as the trend shifts towards structure, the ascending horizontal trend line is a point for either a potential rejection or a breakthrough. I have predicted the trend to reject and bounce off the trend line where I have placed my entry, the trend may move corrective towards the 1.118 area where the lower...
Very likely it will bounce again on the first support and rise about 6%, then it could continue to bounce for some time or break through that second and maybe third layer.