Possible Inverse Head and Shoulders on XRP There is an identifiable inverse Head and Shoulders Pattern on XRP daily chart that has a break out measured move of $0.70 as long as we are able to break and hold support above $0.53
Measured
Near Protocol coming down?Based upon the daily time frame I see multiple levels of confluence forming, the measured move projected from the inverted cup and handle suggest a move back to 0.68 cent. Stay tuned
Measured move on GMTThe token for the STEPN game.
I think a measured move is definitely possible here.
NIO Imitating 2020 drop!watch my other idea as well to see what happened in 2020
6feb 20 / 23march 20 > 45/55 percent decline,
depending on what top u choose,
the stock took 44 days to regain rougly 55 percent some time later the stock REALLY broke out
RSI was oversold on the daily under the 40 line at the 23rd this happened todat as well.
we can see a trend line that started before the run up where the stock stays UNDER until it broke out
finally we see the same top pattern with a W forming
from the 10th of feb 21 /9th of march the stock is down 42 percent. thats in 27 days.
if we would follow the same percentages we would go down to the 28 dollar resistance line, it is possible we are going there in the next 10 days.
if we draw a trendline on the current price and measure it out we touch this current trend line again in 44 days with a 55% upside exactly like last year.
or i think we could fall down later and make a more steep recovery
be wary NIO made a W on the bottom in 2020, we might see this happen again as well, trade with this in mind
BTC: Start of a Measured Move UP ?Maybe confirmed if price does not drop below the dotted line and price continues up in a A,B,C,D pattern (measured move up).
LONG NVDA Can one say this is a Measured move? that takes the prior move from A to B and duplicates the size from C to D
GBPUSD Under Equilibrium: The Measured Move ConceptSorry been a bit busy lately. Have been in this short, didn't take the time to pin the idea here. I wanted to magnify the measured move concept here (after the fact yeah I know). But really it's because it helps find a point out of your trades or (if you don't want out) at least help identify where we are in the larger perspectives.
For those still short, I would highly advise not to move the stoploss down too far. Price could rally to the Equilibrium and slightly above. Thanks and good luck!
EURUSD Gets Ready for a 3,500 PIP Move SouthThe EURUSD has been recently trying to retrace after a massive 3,500 PIP drop from May of 2014. During this retracement, a nice Flag/Channel was created and then broken to the down side.
Most recently the bottom of the channel has been retested and it looks like the EURUSD is ready for the repeat of history in one of the greatest free-falls in a while.
The measured objective leaves our target at 0.8225.
AUDCHF Weekly Wedge gearing up for potential break!AUDCHF has been forming a nice wedge pattern on the Weekly. I know that a break of this wedge may not materialize for a couple weeks, but who knows - if it breaks, however, we will be ready.
The measured objective may be off by some pips, so please make your own measurements and take your trades based off of your own strategy.
Trade idea - waiting for possible break of wedge trend lines and then I will share my directional bias and look for trades at that point.
Safe trading everyone!
GBPCAD - Confirms Long Opportunity on Parallel Channel BreakGreetings Fellow Traders,
Structural update for GBPCAD shows 2 very important characteristics that occurred within the last 2 days of trading. First and foremost the Parallel Channel that was identified caused a market reaction and then was confirmed broken. Furthermore...the key technical level that has been suppressing the GBPCAD from any bullish advancement has finally been confirmed to be broken.
There are 2 ways to trade this opportunity, personally I will wait for the retest of the parallel channel. However, do to the nature of the 2.03300 level it's possible that the trade will not become active.
Trade Opportunity:
Buy Limit 2.0260 or Manual Entry
Stop Loss 2.0175
Take Profit 1: 2.0500
Take Profit 2: 2.0800
Please do your own analysis before entering a trade. If you like what you see, feel free to share it, follow, comment or "like"
