Retesttrendline
Outlook ARTO Retest Neckline Arto keeps get inflow from foreign keep its path to bullish, chasing to 22.000 price target from inverted head and shoulder. its common that movement after break neckline resist of inverted head and shoukder, retesting its support at neckline.
14 jan 2022 already prove arto made its swing low at neckline and chasing nearest resistant at 19.000 then 19,600 (fibo 1,272), and hopefully can reach target ihns at the end
USD/CAD Daily Trend BreakA clean daily trend break here on USD/CAD on 4hr. Looks like price is retesting last swing high which is now resistance. Will it hold and reverse down to support and bounce? What are your thoughts on this analysis?...
I also see a double bottom, but i don't think it's strong enough for the upside.
Will #BITCOIN retest 41k july 5th through 11th?? Let's Find Out!Before I proceed, check my previous Daily Post on Bitcoin to have an Overview of what we are working ON.
on 4H we have seen a valid Trend-Line with Break-Out, I am a FAN of Consolidation Break-Out at Resistance and Support Zones. This Break-Out are important part of my STRATEGY. Okay, back to the chart, we have seen a break-out of the Downtrend and a retest of the Trendline. Consolidation occurred with a STRONG Bullish candle break-out, we're currently looking forward to the break out of the Resistance Zone to LONG towards upper channel Trendline acting as Resistance and then a retest ( Retest doesn't have to occur and if it occurs, it doesn't matter if it retest the Zone ). A valid Bullish Engulfing towards the Zone after the upper trendline acting as Resistance is completed gives us a CONTINUATION as illustrated with the LINES.
Long on Pullback | Trend Continuation | Swing SetupLooking for a pullback to retest previously broken resistance area (which is now the key support) in confluence to our 0.618 fib retracement and ascending trendline. Expecting trend continuation until 78.000 psychological resistance where we should be able to take profit.
If TL breaks below will look for short opportunities.
Kiss Good ByeIn the related idea, I was waiting for a retest, a rising second wave of in a falling trend. Now here it is with a perfect double retest by a Zigzag correction at the .618 Fibonacci level.
After this textbook situation, I expect a downturn again. Go to the deep!
Any rising above 41.71 eliminate my forecast!
SPX Finding Support at upper channel boundary; retest ATH?Getting higher lows and support inside the narrow wedge channel at and above 3095. This can break anytime, but it looks and feels like we could get a retest of ATH price at top of channel before it rolls over, to give a double top. RSI and volume diverge but often get the retest on low volume and relatively weak price action.
Hanging on to my seat atm, watch, wait!
Fridays have been bullish for months...! We do have a gap down to fill, these seem to be governed by an 'invisible hand' that requires fillage!
This isn't advice; just a probably useless speculative observation. FGS be carefull out there, trade at your own risk!! GLTA!!!