PSO printed a Bullish Divergence with a Falling wedge pattern suggesting a Bullish shift in momentum. Market entry is suggested with Stop Loss on previous Lower Low. Take profit levels are recommended on 1:2 Risk Reward Ratio. Happy Trading!
PSO:PSX printed a rising wedge pattern followed by a bearish divergence suggesting a Bearish Shift. Shorting is recommended as per the levels mentioned in the chart.
In this chart we have observe a Bullish flag on a 1 hour time frame. and we placed entry, tp & sl points accordingly. No Divergence spotted
PSO - Trading in a post-breakout continuation. watch out the rectangle BO zone. Targeting: 200+
Bitcoin, on a weekly basis, looking weak, but still has room to fall. MACD, Premier Stochastic Oscillator, Vervoort Smoothed Oscillator, KDJ, and Ehlers Smoothed Stochastic & RSI with Roofing Filters all are bearish. I am especially watch KDJ as its strong movement down makes it look like Bitcoin price could make another run at $340 or below. None of these...
There has been quite a bit of discussion about Bitcoin and the direction of price. Based on the weekly chart it should become apparent that until the weekly indicators turn up, Bitcoin will have difficult gaining any price altitude. In addition, Bitcoin has fallen out of the price channel formed back in April based on the pivot low of $339.79. The only...
Bitcoin price has formed a descending triangle pattern. As of today price has touched the descending portion of the triangle 3 times and the horizontal portion twice. Based on the length of the triangle, it could take until about the end of the month for price to exit the upper or lower boundary. Price should continue in the same direction it exits from the...