USDCHF Rising Wedge ShortThe USDCHF chart is showing us a rising wedge closing in, don't think it would take to long to let this wedge breakout.
I'm not going to put in targets now, but if it breaks and I'm watching it I will trade it and update this.
Maybe if the wedge closes in further I'm going for a try with a tight stop (Not as tight as my previous NZDJPY trade)
Thanks for reading!
Feedback
Head and Shoulders pattern, First try. (beginner) Hi, I'm new in the business and I'm trying to get some feedback on some basic patterns used to predict the next moves.
This is a head and shoulders pattern. It was done in Spanish since it is my first language and my mates don't speak English.
The Moving Average is 80 for long term positions, the timeframe used is 1HR and I think it is very simple to understand.
I just want some feedback about what I did and any possible suggestions on how to better do it in the future.
I appreciate your feedback and thanks.
GOOGL channel scalp LONGThere is a channel on the GOOGL chart, for learning purposes I'm keeping an eye on this to see if it is worth a long scalp.
I'm seeing an RSI at 30, it is low but not convincing. There is also a support that is proven a multiple times.
It could be worth the risk, these channels show up a lot so if I can see a way to make some safe profit on these they could be nice to trade.
Thanks for reading and please give me some feedback, follow or a like!
GBPUSD symmetrical triangle, up again!Looking at this GBPUSD we can see a symmetrical triangle at the 1hr chart.
This is considered a continuation pattern, since we formed this triangle after going up. The odds are we will after the triangle as well.
If we continue in this pattern I will look for a good entry to long the GBPUSD.
I have drawn a descending line on the RSI, that could be helpful when looking for a good entry point when it is oversold.
Thanks for reading and I would appreciate some feedback or a like!
EURCHF another bearish wedgeIt is not the most perfect wedge, but it does have a support and resistance that is tested multiple times.
The bearish idea would fit in the downtrend on the weekly since august '18.
We're seeing some bearish movement right now so maybe it will break soon, while the wedge is closing in.
Keep an eye on it and thanks for reading!
IBM in a bearish rising wedge?Looks like the IBM shows us a bearish rising wedge.
Definitely something to look out for, let's keep an eye on it if it works and if yes how much drop we could expect. For now I expect some pullback to a support at approximately 115$.
Since I'm still learning I'm not trading this.
If you feel the same give me some feedback I'm glad to hear from you guys!
Give a like if you feel I'm right.
First BTC/USD Chart - ***Feedback Welcomed***So this is my first published chart work on Trading View.
Using the fibonacci tool, I see the price action hit the 0.0% on 11/4 and then spiked close to the -27.0% on 11/7
Then after dropping down to the 61.80% and testing that zone for a couple of days before a spike down to the 78.6%
all while pretty much respecting the trend line and counter-trend lines.
So we should close the day right around $6305 (61.8-% FIB) and then attempt to move slightly higher to the $6380-$6400 region to align with the 18EMA
Let me know your feedback on how you think I did or what areas I can improve.
BITCOIN: BTCUSD Alernative ChoiceBitcoin Bitfinex Chart Update
Alternative Choice of Updates from now on:
Trying to find the best/clearest format and colors for the majority isn't easy. Putting the text all over the chart is annoying for most on Tv and is only done for the benefit of Twitter users where 140 character uploads are ridiculously restrictive for those with a deeper interest in Bitcoin and its patterns and behaviour traits.
This upload is the same as the last one - but with a light background.
And with no text scrawled all over it.
Which one do you prefer?
Am going to take a vote to decide whether to stay dark/neon or go to the light side for the background color on future chart uploads.
Please could you click agree on one of the two charts (this one or the last Bitcoin upload with a black background) and that way we can determine an outcome by majority - by any that are interested enough to vote at least.
Any feedback on this is welcome!
So far this looks like a good Reverse/Inverse Head and Shoulders in classic formation with a perfect retest of the
neck-line yesterday at 7600 (even more so because no one seems to have really mentioned it - the low today here is 7600
precisely).
It carries with it a minimum implied upside target at 8163 on Bitfinex. But in the near term Bitcoin has made an 07:30gmt
break higher from the 7644 line as it did yesterday too -before spending 24 hours moving sideways again.
The new normal. Sheesh. Every break higher is getting faded now for hours and hours after the intial impulse. 30 minutes
of action followed by 24 hours of continuation. Just like fishing on a slow day :( But this break today is still potentially significant.
We now have a technical battle emerging between the power
of the RHS on upside and the power of the upper dynamic of a loosely defined rising wedge-like formation on the downside,
both in opposition to each-other, one a positive force and the other negative.
So we can spend quite some time today in yet another continuation pattern with support at 7700 and extending to
the lower parallel of the newly forming pattern from the intra-day high.
Both these opposing patterns are powerful. Which pattern will prove stronger ?
Well, so long as the dynamic which forms the lows of the right shoulder holds up on retests today the likelihood is that
eventually the break will be higher and not lower. If so other than buying the dip to 7700 and below to 7768 and
maybe to the 7644 line the only other option is to buy the break above the upper small falling dynamic from the intra-
day high when and if it comes later on - need a volume spurt to follow it to know it's good - but the pattern is still overall
positive at this point and the uppermost risng dynamic which capped the high today so far, is beginning to lose its power
and on the 5th strike it should break too. That will open the way for a RHS to take control and begin to drive price towards
the upside target at 8163.
Returning to the downside Bitcoin has to break below the risng dynamic underpinning the lows of the right shoulder of
the RHS to start flipping longs out back to 7644 and if this then fails to the neck-line itself again at 7600.
This level must hold up throughout the day from here. Any failure by more than 15 points will flip Bitcoin back into bear
hands, signalling ultimate failure of the RHS and trigger a short from this point with stops 50 points or so higher if struck
later.
Bullish Divergence on Power Ledger - Feedback pleaseHi. I am completely new to technical analysis and have been learning from other members of the community. This is the first Idea that I have published. I believe that the MACD, RSI, forming of a wedge and trend lines are indicating bullish divergence on Power Ledger. I am really looking for feedback to see if I am doing this correctly. Any thoughts or advice would be greatly appreciated. Happy new year. I hope 2018 brings everyone reading this good health, happiness and prosperity.
Hardfork drop predictions? Let me know!So the Hardfork is getting closer and closer. BTC will likely drop, but where will it find support? If you look at the trend since July, You'll maybe say that it will find support at about 5000. that's the bottom limit for the long term trend.
One more thing that might argue the opposite: BTC will rise right after the Hardfork -> People will maybe trade the new SegWit2x coin for BTC, driving up the price of BTC.
As you can see I'm still confused. I want to go long on BTC, but am confused for what is the right time.
Let me know what you think!
AUDJPY Elliott WaveI am still learning, and mistakes in the chart can occur.
I stopped with putting in Minuette waves in from the Minor wave 5
because i don't wanted it to look messy.
i placed it in because it was easier for me to see the following that will come.
enjoy. i have a target on 98.050
If you scroll down on my profile and look on the other recently AUDJPY chart i made, it´s almost the same target, just with another analysis form.
if you see some mistakes, then hit me up with a comment, so i can improve for the next time, Thank you :)
Bitcoin Correction Wave 5 have hit a %161,80 on fibonacci level. set up from, wave 1 to 3.
a correction may have started. we will see.
People have gone crazy over bitcoin and it can drive the price higher to aprox 8000$ before we will see a correction of A,B,C.
The C wave will be a bit higher, i will try to update a new chart if this happens.
Scroll around on the Chart, and comment if i haven't done something right. I will appreciate that! :)
EURUSD Wave Analysis. So this is my second wave chart... if you can see some mistakes, be welcome to give some constructive criticism in the comment section :)
The chart starts from 2017-03-02.
Zoom in to see more details on the chart . I started with a daily, but i am posting a 4 hours, so you can have a chance to see some of the details. I have been going into smaller time frames, to find the right place to my Wave count.
BTC longterm trend (I'm new, give feedback pls)So after keeping my eyes on the chat and on the chart BTCUSD, I noticed a lot of people expect a dump. BTC has been roughly following the same trend for a while now (red lines) and people are expecting it to bounce of the top limit, resulting in a dump back downwards. But, taking the news into account, is there any reason to believe in a dump if there's no bad news coming up? Are these just speculations?