Descending
AML- Bull penant breakout from a descending wedgeAML has been battered from the highs collapsing in price to be a mere 1/12th of where it was before.
Based on oversold conditions and these technical patterns I am going to take a long.
Beautiful Descending Triangle on BA / 25% drop incoming?Decreasing Volume, increasingly dire situtation now that airports are reducing travel, reducing airplane maintenance, a major source of income for Boeing.
Possible retest of lows? give me your thoughts.
USDCAD, Bearish FlowAfter a Successful Bull Run taken Earlier Last Week, I'm looking to find the next possible entrance in this pair. Carefully we will speculate if price gives us more definition on its intentions in the market as price action has reached its Respected Trend Line within Month(s). We are Prepared for both scenarios as we use proper RR in the Market, if price does decide to break out of its trend then we adapt to the conditions given to us and wait patiently for price to make its way to our next Bearish Selection (Double Top).
The start of descending resistance and possible flag - $AMZNWe are still in the early stages of this pattern but that 9ema is curling up so wanted to put this out there in case anyone is looking for perspective on this chart!
xeenos trading - sending positive energy to all those watching
GBPJPY SHORT OPPURTUNITYWait for the breakout of Descending triangle and then enter if it breaks the trend line then its possible buy for previous high.
ATOM to 50% fibI wouldn't enter exactly here, as I don't trust this bull pennant, 70.6% fib seems more like a better entry, target tho, is certainly 50% Fibonacci
DescendingJust to look up in 2046 for my towntrend prognosis starting 2020 to become real.
When in doubt, return to the mean.
inspired by tool - descending and pneuma
USDJPYAloha! Here is a missed opportunity at the beginning of the week. I had one trade open on EURUSD L that closed for 1.5%. Focusing on that trade distracted me from a USDJPY S, regardless, here is how I was looking at:
I saw a wedge pattern where price is squeezing and since we are coming from a massive move on march 26 and 27, This could be a continuation and completion of a pattern that is correcting. Overall, a consolidation, squeeze and a continued move downward. Beautiful price action with a probable 3%+ trade.
15min - 50 ema being rejecte and consolidating.
1hr - squeezing/correcting in a asymmetrical wedge if that's a thing and slight pull back to kiss the 50 ema.
4hr moving down into pattern with a bear run, continued play with it.
44 pip stop.
EURGBP for sellSorry for my absence!
The price has broken the support zone and it has bounced back so we can enter the sell or wait for a little pullback in order to start selling. We can see in the descending wedge has almost broken.
RSI and MACD show a bearish momentum
Comment your thoughts!
XRP/USD | Ripple Forming Desending Channel..!!XRPUSD (Update)
In Weekly Chart Pattern XRP looking bullisg and forming Decending Channel
Now it's holding a support but it'll go up toward resistance in the next few weeks
Friends, please hit the like button, and write any comment, this will be the best thanks from your side..!!
If 1day 200ma fails 4 potential targets= 8.5k, 8.3k,7927, & 7868Still a chance the 1 day 200ma may provide body support by the next 2 daily closes but in the meantime targets like filling the gap at 8.5k are veryr easonable...we also have the breakdown target from the descending purple channel around 8.3k if we were to go lower than these 2 the next target would be the golden pocket fibonacci retracement level at $7927 and finally just below that the blue rising wedges breakdown target at 7868. I will likely ladder in a little bit of buys each time we hit one of these price points. Not financial advice however you choose your own destiny. Only short if the 1 day 200ma is solidified as resistance here.
Bitcoin descending broadening wedge Bullish break out? 1DWith this being a Bitcoin halving year, I am still overall bullish, I will not flip flop easily on my overall bullish sentiment, like others every dip and pull back. I believe this could be a shake out still and profit taking time but we will see. We found support at 8600.00 BTC/USD area which was sitting upon the 200D EMA. I believe we need to hold this to continue feeling bullish, to confirm the upward bullish theory I have we need to break above 10030.00 BTC/USD area again and close candles. All indicators have cooled off and can support an upward bounce, but even if we bounce we will need to remember the top of the descending broadening wedge resistance line and reassess the chart once we get close to that area if we get there.
This is not intended as trading advice, it is just technical analysis that I don't see anyone talking about.
Analysis of the GBPUSD Monthly Time FrameExamining horizontal BUY and SELL pressure, allowing us to identify our monthly High and Monthly Low zones. The aim of this analysis was to identify the pattern depicting the way in which price had formed into a descending order (downtrend), explicitly meaning that if eventually we watch price pursue towards our resistance level to retest, then there will be an increased amount of SELL pressure.
EURAUD Bullish OpportunityWe have here a bright set up for the reasons below
-Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter
-Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout
-Price retesting its descending trend line 1 more time then gives us a strong trend continuation trade at our trend line and the 38% retracement signifying its still a bearish market with optimal RR on the trading idea.
XRP is this Bullish to you or Bearish?Not really much needed to say on this one. Need to breakout convincingly here or else its another bear flag at key resistance level before heading to the 0.5 FIB thats all.
Quick GA Buy30 - 50 pip move on GA. We have a descending channel gearing up for a quick breakout to form a correction.
Higher high and low for AUDSGDJust a casual update on an earlier analysis posted:
Presently biased towards bullish.
AUD appears to have find support above the blue line -- previously acting resistance of the steeper downward channel since Dec 2018.
The pink lines forms the gentler downward channel started since 2017, expected to act as resistance levels for AUD ahead against SGD.
Expect AUD to be rejected at around 0.95-0.97 SGD to retest the support.
If AUD is able to pierce above 0.97 SGD and finds support, a follow-up pump is expected perhaps to ~0.99 SGD at the 38.2% Fib level.
If AUD is not able to find support at ~0.93 SGD, then expect a continuation of the descending channel (defined by the two blue lines), and expect price to go down and revisit 0.9 SGD.
Gold descending wedge break with potential target 1595We have a descending wedge break on gold with a potential target of 1595.
Descending Wedge BitcoinReversal Pattern
Short term:
Blue rectangle = supply zone
Have to break 7450 according to historical support / resistance, come back and test support
Wait for breakout
*** I am merely a speculator ***
BTC Update! Support caves, EMA resistance, 6.5k in danger!Continued same old news.
Bulls cannot get above the resistance zone I had outlined.
Bulls cannot keep above EMA resistance.
Bulls cannot hold the $7k support we outlined last chart.
And now as explained last chart, once $7k caved, bulls would be in real danger of losing their $6.5k support. And here we are finding the bulls trying to desperately hang on and avoid another weekly lower low which would put price back to May 2019 prices.
On a weekly chart we are in a descending pattern here which bottom would be somewhere around 6.2k and if that failed, price would be in a bit of a free fall. I will insert that photo here to give an idea of what I am watching.
Just My 2 Sats!
BTC $6800 +reversal, clash of 5yr asc trend & 4mo+ desc channelTwo major adjustments here to my previous TA for BTC. I realized that the trend that kicked off this run to $14k was actually a continuation of the trend that started @$250 in 2015, this caused the line to slightly tilt clockwise pushing the date to the right for intersection of this multi-month descending channel and the overall ascending trend line which I believe will signal the beginning of the reversal of the downtrend we have experienced since $14k. I have changed that line to bold red.
Second change is that I moved from 4h candles to 1d candles and it made a massive difference in the position of the current descending channel we have been in since $14k. It makes it easy to see we had never really broke out of channel on the 1d candles and the possibility for a ~$6800 low (depending on timing) is quite feasible. The support at bottom of channel has held for ~4 months now, there is no reason to believe it will would not hold now.
Timing, when will the reversal come:
If the price drops to bottom of channel and hangs out, we may see an intersection forced reversal start by mid-late December. If the price maintains in the $8k area it could be as late as late April, early May of 2020.
With a 5 year trend line still intact, there is strong probability that BTC will not break below this trend line in any meaningful fashion. If BTC breaks below the 5 year trend line, it would be extremely bearish. I believe the overarching trend line will hold and that intersections of the two largest trends will kick off a reversal of the current descent.
This is not investment advice, DYOR.
