Nifty has completed a Bullish Harmonic Reciprocal AB=CD at the crucial support of an Ichimoku Span A of a bullish Kumo. If it manages to sustain above 15575 the reversal will get sharper. One can wait till then and take action accordingly.
Bitcoin has closed within the 8 hour Ichimoku Cloud and could be looking at an edge to edge move inside of the cloud. The Tenkan (blue) has crossed over the Kijun (orange) which suggests a bullish continuation.
Future forecast for the Tenkan (blue - short term moving average), Kijun (orange - long term moving average), & Senkou Spans (cloud - red resistance & green support) is provided on the chart for the daily timeframe.
First we take the 1D Kijun line and add it to our 3D chart where we recently observed the TK cross to the downside. This will serve as a major level that we could revisit in the short term. Second we look for our long term support area. I see this being around 30k due to volume and the long/flat areas of the 3D Kijun and the 3D Cloud. Third we look for an...
On the 4h candle chart, we can see the range of candles is very narrow along the small decreasing channel, showing the some sort of consensus around the price of the VIX. We can see the RSI also evolves in such a channel. If the pattern would come to break, the VIX would probably come to test the Senkou Span B ($50) of the Kumo which is one of the strongest...
Looking at EUR/USD on the D1 Timeframe, from a technical analysis stand point the market is currently ranging within a descending channel, making new lower highs and new lower lows. I see the market moving as a bullish retracement making new lower high being made on the 23.6 fibonacci level. This is confirmed from the strong bullish pin bar signal after touching...
To understand the recent low volume selloff take a look at a Bitcoin chart. The price has seen a corrective move back to support. While OSTK is highly volatile this price level will likely hold before the next leg up to $24.80 - $25.00. Today appears to be critical but the uptrend still holds even below these levels, if the cloud support does not hold the next...
Using the Ichimoku clouds TK Death Cross Strategy, I can see an incoming strong sell signal, This is due to the Tenkan-sen crossing the Kijun-sen from above to below. To solidify my signal on the TK Death Cross the current Chikou span is below the price of 26 periods ago and price is below the Kumo cloud, although it is currently thin, I expect it to expand in the...
BTC Iverse Head & Shoulders pattern + Ichimoku possible bounce from Senkou Span B line
A bounce of Senkou Span A may result in further down move.
Last week I was wondering if we reached the ind of the ZigZag. On the weakly time frame price has broken above the Kumo. Looking at the daily chart the yearly pivot point has been broken and retested as support. The 55 day Oscillation Frequency (OF) around the Senkou Span B has held since September 2015 but now a break to the upside is indicating that the market...