AML 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.
Took a short earlier at 5560. Expect to continue downwards.
Looking for a breakout trade, for a buying setup is better for selling to sell up as the uptrend formation is better than the downtrend formation.
Short term bearish, but if btc can successfully test 7000 and bounce higher decidedly medium term price target could be 18-20,000 plus.
Looks strong with the Ichimoku support . Resistance on 11k is strong but if we break this I see 13k possible attempt.
Seems Ichimoku is providing cushion but no clear break yet. Hesitant maybe sideways for a couple of days if we do not make a decisive move tonight.
Good morning all Here is one i have been watching consolidating for awhile now. Volume has increased and broken the current bearish penant to the upside. Confirmation is required of trend reversal at 1110sats to close on the daily timeframe. Sell targets > 1250 sats Enjoy. Fray
Have a look at the main chart, where the pennant on the weekly pattern has been broken!. At the moment both technical and fundamental factors are with this trade setup and the price will likely target the next support that lies at 0.64000 level. The above link leads to the trade setup details on this pair. Please read the related ideas section too on the...
BUY to major daily resistance, long term penant formation has just hit lower trendline as well
The NZDUSD is forming a pennant formation on the Daily candles and is pushing towards the top level at 0.6890. A break above the pennant could see it rise the 0.6930 and then 0.6966. There is no major fundamental news events coming from NZ this week.
A bull pennant is forming. Looking at levels of resistance and support will help you set your trade. >Move up: -If we move pass the 4040-4070 level I expect an initial move up to 4150 potentially continuing up to 4250 >Move down: -If we brake below the 3886-3831 level I expect an initial move down to the 38.3 fib and potentially 50 fib retracement...
QLC Chain have here a perfect setup for 8 - 20% potential on 1h TF - Adam & Eve bottom - Bullish Pennant - Hidden Bullish Divergence Inside Bullish Pennant QLC is consolidating above 0.5 channel of pitchfork inside a pennant, flirting with 0.382 fibo and eager to go up with all this structures.
SPY consolidating into a penant flag with potential to breakout. Target 267.
SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Update from my chart yesterday. Now it's a clear triangle break for me, and considering the length of the pole of the triangle, it will go close to 10K; probably in the next 2 weeks. It will be normal for a "scary" correction close to the tip of the triangle at around 8K, but then a resumption upwards.
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