I entered a little earlier @ 90.24 per my strategy prior of getting breakout confirmation from the falling wedge. Great support below, already hugging the trend line with possible bull continuation. Price action has touched top and bottom of the wedge 3 times on each side. You can jump in today depending on what happens. If it continues to the bull side, I...
Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11) If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart. If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns on a 5m, 15m or 30m chart. Continuation TP levels will be...
Price has impulsed out of the descending corrective nature and forming a clean counter trend move. Impulse is slightly messy due to NFP however it has still popped nicely out of the channel and back over the 1hr ema. Will be waiting for at least an hour after market open to then see what price action is doing before considering placing an entry order.
I thought 12H 233EMA was going to be tested, but there's a good chance this channel is breaking downwards till 7K area. After the last up, middle part of channel was a great resistance, and bull volume never appeared. After 4 touches, channels can break easily and next support area is around 7K. Indicators: - MACD is about to cross bearish in bearish side. -...
EURUSD could move a tad higher to complete minor wave 4 near 1.10 before continuing lower. With minuette wave (a) and (b) looking completed we can now expect wave (c) to form and complete the correction. Look for a valid rejection near 1.10! Should prices move above the validation level bulls would gain more control and the projected pattern could break...
It looks like the corrective subminute wave c of minuette wave (ii) might have ended at 1.09425. As part of minute wave 3 of minor wave 3 we can now expect prices to move lower short, medium and longer-term with short-term declines reaching minuette wave (iii) near 1.07836. The current correction is likely to end as a zig-zag pattern a,b,c with subminute wave c...
NYSE:BRK.B Bearish setting on Berkshire Hathaway Inc., let's see if Warren Buffett will have to suffer another big drawdown and we could take advantage of any opportunities. Remember that if a Head and Shoulders does not make a Breakout you can take advantage of a "Failed Head and Shoulders".
Break out of profession Re-distribution area which also had a bearish harmonic pattern then a retest of the continuation pattern support area, which should now act as resistance. Price also rejected the 50EMA in confluence with a 61.8 after a double top that formed earlier today. Expecting price to drop further and put in new lows should things play out accordingly.
TREE Dont jump the gun on this one, but rather over the next 6 weeks begin accumulating some Lending Tree shares or options in anticipation of a continuation pattern upwards. See below for more close up look. The cup and handle pattern is one of the most misused patterns I see on here, as everyone just wants to call any round bottom a "cup and handle". They are...
Continuation Triangle, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines...
As title says I am looking for bullish continuation to break the 1.134 area of resistance to continue the staircase pattern. On the contrary, a double top can bring this down to make a new low.
Zona de rejection del precio en daily, buen punto de venta en el punto 0.50 del fibonacci, neck line del doble techo, parte alta de canal de correcion bajista... Con SL por encima del pujnto 0.61 para que el precio pueda oscilar sin tocar nuesto SL, Diferentes punto de entrada a la ruptura de la consolidacion en 1H y ruptura del canal de correcction, todas con su...
Bitcoin seems to be consolidating inside a Symmetrical Triangle. This would be a confirmed bearish continuation pattern if the last of these 3 phases completes: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our symmetrical triangle price pattern, it...
- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - I previously stated that if Bitcoin dumped from there, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. > The divergence on the RSI has played out perfectly. Now...
Ethereum seems to be forming a bearish continuation pattern. Furthermore, on the weekly chart, the price has recently printed a pretty nasty bearish candlewick. Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending...
- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - If Bitcoin dumps from here, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. Ascending Triangles are characterized by a series of higher lows but the same highs. The...