Hello traders: Most JPY pairs are also showing some bearish price action and GBPJPY looks the cleanest for me. We see the previous sell setup from the top of a double tops, "M" style pattern, and then price falls into an expanding correction. WE can start to see a HTF Head and Shoulder as well. As we know expanding type of correction can be more advance, so...
Hello everyone: I haven't update bitcoin for a while since the last bearish move down where I sold my previous hold position. Now that the price developed more on the lower time frame, its show a bit more structure now. We can see price did broke the all time high briefly, before a short lower time frame impulse out of the ascending channel. Latest price...
Possible buy. Watch for a double bottom or inverse head and shoulders for extra confirmation. Pattern likes to reach the 78-88% fib zone and sometimes the 100% or slight past that. Pattern is in an ABC correction and currently in wave C.
Nice expanding flag. Wait for price to reach the 78-88%. price should be in ABC corrective phase. It should be in wave C. If the ABC correct will reverse with this pattern it likes to reach the 78-88% and sometimes 100% or slightly more then reverse. For extra confirmation be very patient and wait for the W/double bottom to form or an inverse head and shoulders....
Expanding flag failing to major trend lines. Love these setups. Best entry is near the 78-88% or after you see a W/double bottom pattern or inverse head and shoulders near previous support. Also a head and shoulders up top, head to neck measurement looks complete. Another reason to look for the long reversal. Sometimes these patterns will break the previous low...
Hello traders: Welcome to 2021 :) Hope all is well, and are ready to make it count in this year. I will start off with some USD pairs that could shape into good R:R trades if we have the confirmation on the lower time frames. Here in NZDUSD, finally see a potential structure completion at the top of the overall price action. We have this expanding structure...
Hi everyone: NASDAQ is shaping up for the sell we have been waiting for. Price continues to move up correctively in the ascending channel, and finally we see some reversal price action at the previous all time highs area. We see a Double tops, and LTF bearish breakout from the price. Last confirmation I want to see is a LTF continuation correction for the...
Expanding Correction can work. Beacuse of that looking sell
GBPCHF is forming an expanded triangle (also called megaphone). the price is close to a nice sell zone, we are waiting our signals to place an order.
Short in the short term. Expecting ranging for the next few weeks before some continuation higher. Expanding wedge leading into further sell off. Head and shoulders on shorter time frame just confirmed. Figured why not trade some Bitcoin during quarantine.
A possible trade for next week forming. Price has made a strong bearish impulse lower with a wicked candle. Price action looks to be forming an expanding pattern ,with a third touch of the top structure a possible next destination. I would be looking for price to consolidate first and an entry may become available within the support zone . One I will be watching...
The price of akorn inc. recently dived due to the news of possible bankrupcy, in addition to a Head and Shoulders pattern. Price has most likely reached its low and will likely impulse in a new continuation, confirming the Bull Flag. Price has also hit the bottom of a high time frame expanding structure and will likely go a lot higher. Many sites and analysts...
Expanding flat correction to the up, waiting for correction on impulse up to enter the buy (should be 5 waves up)
On the 26th of July, BTC will find itself at crossroads and be left with the very difficult decision to make, namely, Up? or Down? For now, BTC hangs tight between two inclining support/resistance as indicated in the chart. It also finds itself inside an expanding wedge pushing it further down towards the support trendlines indicated by thick green and red...
EUR/GBP is currently in an expanding flag formation. It is currently at a strong resistance, as per price action. Hence we expect the pair to reach the supportive trend line from here.
After the BTC had been rising a several weeks, finally Correction began. Now, it seems that XEM successfully finished Impulsive Wave-I and Zig-Zag ABC-Correction is developt. If you like my TA, pls. hit that "Like" button, leave your comments of follow me. Thank You!
Five wave move up with running and expanding flat in the middle.