Pentagon Shape - 36 candles on 15min
AUDUSD has just entered a level it hasn’t tested since 2008! A huge move to the upside will come as long as this level holds. This is a strong BUY set up. The 15min chart just showed signs of high volume & decending wedge Roth into the level. Price may bounce off & go back into the level before it springs to new Daily highs. If you haven’t made any money all...
Here is my analysis AJ using Elliot Wave. Also I have added a price channel on the weekly. I think we will see a pullback soon then a drop finishing out 5th wave. Overall I see AJ as bearish into the near future, at least until we know the full effects the virus had on China's economy. Check out the chart and share your idea in the comments.
Bear dump's are the freshest, but lets wait for the poo to cool first. Recent setup: Attempt to test the high fell short with a low vol top, resulting in a breakdown with expanding vol. New support at 8700 We could see another impulse to 8500-8300, then a sideways channel that could break either way. Should you buy or wait for better prices? More...
MBT has been stuck in a downtrend since 2006, a continuation of this downtrend is most likely. However rising MACD shows promise, it may be rejected as seen before (highlighted in blue box) Gaussian channel shows a possible rejection at the middle. Blue line shows a rounded bottom which is another bullish sign, however it looks particularly bearish in these...
Waiting for a break of this channel to the down side if a convincing break arises then i will be looking to open shorts on this pair Lets see how it plays out
Another interpretation of BTC price movement. The location of the head & shoulders is an indication of price continuation to the downside, until willing buyers decide to step back in & drive prices higher.
btc just held the upward sloping trend. i've already added to my position, awaiting a pullback to add more as long as the trend holds.these new shares i've entered will be sold if price cannot break through & hold the top red line. this will exhibit weakness & potential failure of this position, resulting in the upward sloping (green line) trend. a failure of this...
EURCHF Bounce from Resistance, and now heading to the bottom of the channel. RSI has Room for sinking, and two MA confirm the forecast.
Hello Friends, Most of my TA can be seen on this chart. Just like to add that we are in a descending price channel that has a bear flag within this channel. What this tells me is that we are going to be bearish before we return to a bullish move (price channel). We may not reach the bear flag target but we will be testing supports on the way down imo. The...
Hello Friends I had trouble identifying any sort of pattern on this chart because of the spikes and whip saws. Previously I charted a failed Inverse head and shoulders pattern which had been of great disappointment but upon further investigation, I had noticed a pattern within the RSI. Looking at the relative strength index in conjunction with the daily...
Hello Friends, Here is another tricky chart that shows nothing but a continuous channel. All it does is stay within the confines of this channel rarely breaking above the upper channel or below the lower channel. There has been 4 incidences when we saw a spike pass through the upper channel, 3 of which did so in a dramatic fashion and quickly reversed back into...
A Forecast is always 50/50 percent. 3 things for probability increase a Buy: - The price channel (Support) - RSI - MACD
Gold is in a price channel. It is set to go even higher. This is a certainty.
Breakaway candle stick appear in Month chart. As a result, I decided to sell for long term. Waiting for retest and sell. Enjoy!!!
Price has not yet reached price target following the double top. Recent false break out of the price channel and pin bar forming on the daily chart signals renewed sell signal following recent price strength to top of the channel. T1= Price Channel support T2 = Final price target fulfilling projection from double top