PEPE PUSHES WITH FRACTAL INVERTED H&SWe could see PEPE repeat some good things as we come to a fib support that's "been done before"
- An inverted H&S has formed (or tea cup and handle if you wish) and threatens to reverse us back to the upside, this chart structure looks very familiar to the last move we made to the upside back in April 2024
-A DBW forms on the 5 min TF with the overall downward move hitting a technical support at 0.0000096, signaling a potential trend reversal to the upside.
(Price could push as low as 0.0000094 range to touch our trend line)
-RSI is currently oversold hovering at 17.53, giving us further evidence of a turn around
Dbw
DBW in TTF FM hourly. New up or Gap CloseThe TTF FM is trapped in a sideway movement. After a cone and SKS formation which was resolved bearish with the slump to 43,2 we now see a completed but still not active DBW. The ideal upper target (box) is 51, the statistical target is the equal to the important top at 49.5
The bearish breakout would be at 43,2 and would imply the gap close at 37.
Typically DBW are most of the time bullish reversal/continuation figures, thus a bullish break out is the more likely case.
Nike - Bottom or ABC?Nike is close to an important level which will determine if a bottom formation is completed or a further slump will occur. Currently a DBW formation is build after almost perfect a Dopple Top Formation has been finished. Currently we are close to the 4 level, the current local low. The RSI is close to oversell, which support the turn around idea, which may result into a W formation whose execution would probably trigger the 5 and the DBW activation. On the bearish side a potential running ABC pattern can be found fitting perfect into the chart and the Fibonacci patterns.
Descending Broadening Wedge Pattern GBPUSDDescending Broadening Wedge, possibility appears on the GBPUSD H4 Timeframe.
This pattern may show the price goes into a bullish move after this pattern is completed.
The target that is expected to be achieved is the same as the length The DBW pattern itself and also there is resistance
levels are also adjacent to the target of the DBW pattern.
Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.