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.
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,...
BTC in a bull flag after the falling wedge break-out, NAS and SPX with reversal days, the 10 Year with an iH&S relief rally stuffed after completing the break. Two days left in a low volume trading week. Top watch is the Metabook and the 4 hour iH&S after the gap fill.
NSE:ULTRACEMCO is in process of forming a classical 5 point broadening top pattern. This is typical of a top and prices take a fall once this formation is complete. If many stock form this pattern in a given market then that is a forewarning of a potential bear market. For this patten to come in play, prices should go down and break the lower trend line but if...
Here we see a right angle broadening formation, with the accumulation line on the bottom. What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this. Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout. A...
What Is a Broadening Formation? A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on a chart by a series...
The market is currently bullish, and it continues to be bullish until the market says otherwise. This idea is not to try to be a fortune teller, telling the market what to do, but a possible scenario that could happen so if the market is deciding to act on it, we will have it in our mind and follow its bidding to the downside. The trend is your friend, so...
Hello everyone, First of all excuse my english, plus, this is my first ever Tradingview idea I decided to publish. Yay! These days everyone talking about bear market is about to hit us, so I was like let me check $DJI and see if I can figure something :D I consider myself a beginner with technical charts & I really like classical pattern trading so I wanted to...
I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 71% TARGET (EXIT) PRICE = 18.49 USD BREAKOUT (ENTRY) PRICE = 19.51 USD DISTANCE TO TARGET PRICE = 4.45% EMERGED ON = Nov 09, 07:00 AM (EST) CONFIRMED ON = Nov 10, 10:11 AM (EST) WITH CONFIDENCE LEVEL = 78% The Broadening Top pattern forms when a security...
Hi and welcome to my analysis on SAP (NYSE, USD). Yes, we had some news from the software provider that attracted sellers. Trading in Germany on XETRA is closed and no prisoners were taken... In my first chart you can see a broadening top in the stock. SAP was not able to activate this formation to the upside in September...the upper trendline produced heavy...
I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 77% TARGET (EXIT) PRICE = 77.06 USD BREAKOUT (ENTRY) PRICE = 75.17 USD DISTANCE TO TARGET PRICE = 2.53% EMERGED ON = Oct 07, 12:00 PM (EDT) CONFIRMED ON = Oct 07, 12:12 PM (EDT) WITH CONFIDENCE LEVEL = 87% Once the price breaks out from the top pattern...
In my point of view, we are in an Expending Triangule with 3 major options: A ➜ If June ends above the US$ 9,750, breaking the market structure, the next target will be our all time highest high near to US$ 18,000, but I think its is Improbable. B ➜ Closing June bellow US$ 9,750, we will still inside this long bear trend, aiming to test the bottom of the...
please show support by liking this analysis. I am not a financial advisor and i do not recommend taking any of my trades because of the risk. This analysis is purely for entertainment only and a possible idea what could happen with the market. If you have any questions feel free to ask, i would gladly help. +BlackStockOfficial Rene Pungartnik
USDCHF H4 Broadening Top patterns & Short Setup LEVELS SHORT USDCHF @ 0.99 SL @ 0.992 (20 Pips) TP @ 0.978 (120 Pips) RR: 6, SWING Setup! Enjoy our limited Content and Setups, leave us a like and Comment!!
Ominous portents. Broadening top in September led to the microcrash in October and US Equities have been struggling since. November usually one of the best months for stocks, has only been a down month in 3 years of past 20; those were in Bear Markets... Some very fine textbook chart formations appearing over past few months. The Zig-Zag Correction has led to...
The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore...
My old fasion broadening top pattern (1.272) is still valid. Now it is richier with those divergences. Maybe it will happen again like year ago. Lets see.