GIB.A - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Rectangle
TXT - 5 months RECTANGLE + 18 months SYMMETRICAL TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
EURGBP: Important Breakout &Bullish Outlook ↪️EURGBP was trading within a horizontal trading range on a 4-hour chart for a quite period of time. Its resistance was broken last week and an intraday candle closed above it. Now it is acting as support.
Meanwhile, after testing the broken structure, I believe that the market will continue to grow higher towards the targets above....Trade safely 👍✅️
GBPCHF: Bearish Rally Continues 🇬🇧🇨🇭
Update for GBPCHF.
We spotted a confirmed bearish breakout of a support of a horizontal range on a daily.
After a deep retest of a broken structure, we see a strong bearish reaction.
The fall will most likely continue, at least to 1.094
❤️Please, support my work with like, thank you!❤️
Crude Oil (WTI) Prepare to Short Next Week 🛢️
Crude Oil is very close to a broken support of a daily horizontal range.
72.2 - 73.0 is the area, from where I will anticipate the next bearish wave.
Let the price test the underlined yellow structure and wait for a confirmation
to sell from there.
❤️Please, support my work with like, thank you!❤️
CRUDE OIL (WTI): Intraday Bearish Signal?! 🛢️
WTI Crude Oil keeps falling.
After a completion of a correctional movement, the market dropped again
and violated a key horizontal support.
After a breakout, the price formed a narrow horizontal range on an hourly time frame.
Its support breakout is an important intraday confirmation.
We can anticipate a bearish continuation to 67.3 level now.
❤️Please, support my work with like, thank you!❤️
NASDAQ INDEX (US100) Bullish Rally Continues
US100 successfully violated a resistance of a horizontal range on a daily.
Taking into consideration that the market is trading in a strong bullish trend,
such a breakout confirms a highly probable trend continuation.
Next resistance - 16500
❤️Please, support my work with like, thank you!❤️
CRUDE OIL (WTI) Bearish Trend Continues 🛢️
Crude Oil dropped yesterday, as I predicted.
In fact, the market is trading in a bearish trend on a daily.
A breakout of a horizontal support of a wide horizontal range
was a strong trend following signal.
The next support that I see on a daily is 67.5.
It will most likely be the next goal for the sellers.
❤️Please, support my work with like, thank you!❤️
NAS100 TECHNICAL ANALYSIS Today is NFP and anything can happen, but according to my analytics that am using, which is universal to everyone, PRICE , PRICE MOVEMENTS , I would like to see a pullback to a Fib level 61.8 which perfectly fit with the previous resistance which is about to turn into Support if the level Holds.
If not then I will be buying at the support level, why? Because the Index have 2 weeks in range, no clear move, and will apply the simple approach or rule of thumb which say's "BUY LOW & SELL HIGH", in this in case, according to my understanding when the price is at support, with the right tools one always have a chance to buy.
NZDUSD: Classic Range Trading 🇳🇿🇺🇸
NZDUSD is trading within a wide intraday horizontal range.
After the test of its support, the price bounced and violated a resistance line
of a falling wedge pattern.
To me, it is an important bullish signal.
We may expect a bullish movement to the resistance of the range now.
❤️Please, support my work with like, thank you!❤️
NAS100 TECHNICAL FORECASTHere I explain my forecast for Nas100,:
For short position I will be looking for break of the support and a clear retest and find entry, and my target for short position will be 15560.0 level.
For Long position , I am more interested on how market will react on the current support level, taking into consideration momentum, price action patterns and rejections I will be looking to buy the market at the support, using the basic law of trading which says " buy low and sell High" right now we are low at the support leve1.
CRUDE OIL (WTI) Bearish Trend Continues 🛢️
Crude oil is trading in a bearish trend on a daily.
After a long-lasting consolidation within a horizontal range,
the market violated its support on a daily and set a new lower low.
Retesting the broken structure, the market started to coil within an intraday range.
Its support breakout gives us a strong intraday confirmation.
A bearish movement is now expected at least to 70.7
❤️Please, support my work with like, thank you!❤️