SPX ascending broadening wedge patternthe SPX is close to overload, its simple to see at RSI and stoch. But i see the possibility of the formation of an ascending broadening wedge pattern. If correct, the idea is as clear a prolonged downtrend and the levels, still a little fuzzy I think that would be:
Target 1: 1950
Target 2: 1850
Target 3: 1750
Target 4: 1700
it seems bird of ill omen
comments, suggestions, corrections:
They are always welcome
Broadening-formation
GBPUSD - Chart PatternsNotes on chart detailing the various moves based on chart patterns. Expecting a rally to 1.545 - 1.55 and then a decline to 1.51 - 1.50 and eventually to 1.495 and 1.465 (if the H&S is validated and price breaks below 1.50 support (a strong level).
*This is an H4 compressed chart, so the timeframe for this tp play out will be days/weeks
Opportunity (to add more positions) for a short?A megaphone pattern is emerging very clearly on the 30min chart. Since I'm already short I'm gonna add to my positions at the top of it.
I really wanted to bring it every ones attention in case they find it important rather than as a trade idea as such.
Good luck!