On Daily timeframe, Broadening wedge pattern breakout occured in JKCEMENT near 4600 level. after this breakout expected strong upside rally upto 5016+ level with intermediate target of 4800 in this stock. This breakout will fail if stock starts trading below 4450 level.
BINANCE:ADAUSDT (1D CHART) Technical Analysis Update ADA is currently trading at $0.6642 and showing overall bullish sentiment. Currently ADA has formed a broadening wedge pattern and now the price is bouncing from the support line. We have a good opportunity a long trade. Use smaller capital than normal Entry level: $ 0.6639 Stop Loss Level: $...
Well, well, well, we've identified the tumultuous and monotonous pattern on the chart finally. It's known as a Broadening Triangle or what I call a Vuvuzela Formation. The price diverges instead of converges in a triangle pattern... Now this can be a continuation or a reversal pattern. It all depends on the breakout. Looking at the D&S and liquidity it...
Euro is trending up while the dollar is heading lower. We're at the bottom of the broadening formation, a break in LTF structure is a good trigger for a long to the top of the megaphone, not that I believe in LTF structure breaks per se - I'm already long. Trade will take 2 - 4 days I expect. You can take profit at the top of structure (BSL), at the top of the...
Bajaj Auto (NSE Ticker: BAJAJ_AUTO) is forming two back to back bearish patterns on the hourly chart. First bearish pattern: Broadening formation Second bearish pattern: Head & Shoulders We see high probability of fall in price in the coming days toward measured move and 200SMA target of 4410.
I don’t see how the market continues on an uptrend after cpi, and the Dow is seriously overextended Reasoning: Trendline, daily, weekly and monthly supports Weekly price exhaustion Bottom of broadening pattern Favourable volume
The price is testing the daily resistance inside a broadening pattern. At the moment the price is testing the 0.5 Fibonacci level on the Daily timeframe. How to approach it? IF the price is going to have a clear breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure...
Main Pattern: Weekly Broadening the confirmation is on the pullback of the fifth retracement, and it happened with head and shoulders
I'm thinking AN will go up to continue this broadening pattern. It just tested the 50 MA, that might act bouncy with a great force.
CADCNH has completed the broadening top pattern and the price is now in consolidation. I expect CAD to continue gaining strength against CNH and to reach the broadening top's objective, which lies near 5. We can short the pair once the price breaks below the small consolidation trendline.
Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have...
Today, the cryptocurrency project Elrond saw a surprising double-digit surge of 24% in the price of its native coin EGLD. In contrast, the overall crypto category slipped 2% as investors processed through the Federal Reserve's decision yesterday to increase interest rates by 0.75% -- marking the largest single-day hike since 1994. EGLD is often called eGold,...
You short, anon? Lots of evidence pointing to the downside here. (I am currently aware of a bug for people viewing my posts on various devices where they see nothing. Something to do with my firefox configuration which I will fix soon, until then you can visit my chart link to see my charts if unable to see here) I think we have only just started downside...
#Bitcoin #Daily #ElliottWave #Scenario #Tommy - These are some of many scenarios that I am personally considering from the Elliott Wave Theory perspective. Numerous technical factors that are observed frequently especially in recent financial market such as widening patterns, stop hunting price action, parallel channels, and master patterns have been taken into...
Etherium Descending broadening wedge. look for break and candle close above upper trendline on 4HR for entry. Target top of structure / Wedge.
#Bitcoin #4 hour #Binance #Tommy - 4 hours of Bitcoin. BTC broke the blue downtrend channel upwards on 3/1, but BTC re-entered the channel again without showing any retest support at the top. - Since then, BTC is moving towards lower highs and lower lows with resistance from the black inward trend line. In the case of a break above this intrinsic trend line, I...
CAPITALCOM:EU50 Looking at the upward trend from March 2020, we can see that you will get various readings depending on where you place your trend line. Due to this and not specifically knowing if the stock is in a downtrend, I placed my trendline to match the newest low. This is because, in an uptrend, this could be the retracement followed by a move higher,...
Most of the text for this is in the photo. Falling broadening wedge is engaged, and if we turn around here it will be an inverse head and shoulders (also bullish) Follow for more ideas! Don't go all in like me. This is an update to my previous idea.