Triangle breakout on this H1 chart volume decreasing with Chaikin Money Flow falling below zero. 38.2% Fibonacci Retracement key level to watch for retest. Big show of weakness. Big selling pressure. 14.6% Fibo target maintained in confluence on this triangle pattern. 2nd target below on AB=CD pattern in confluence with local support as we can see in my last update today.
Hello traders! In my last post as I told you I am expecting Wyckoff's distribution pattern so when the market reached BC(buying Climax) it was a clear sell because the market dropped after making M reversal pattern, according to Wyckoff's theory that was the Automatic Reaction AR after that market formed bullish engulfing at 16500 and the engulfing pattern is...
Hello Traders! This is a WYCKOFF's pattern, currently we can see a drop That will break the AR support and will reverse back. I have also extracted exact figures from one of my strategy which tells exact figure of target and turning point in OIL and Gold, With the help of my strategy i knew about drop to exactly 1748.50 and we bought at 1749.00. We are ready to...
There seems to be signs of weaknesses (SOW) indicating short bias 1. Shortening of thrust 2. Upthrust formation 3. Diminishing volume on last up wave 4. Strong wide down bars 5. No demand bars 6. Divergence on OBV 7. Divergence on StochRSI Sell on 1.1095
Here is the complete review that we have analyzed in our previous chart that bitcoin is going to fall. The scenario is Bitcoin is raising again. So the dump is happening which is confirmed from Seedofworld where they are working on multiple platforms and they are providing so this is a bit pump and then it's going to be dump soon.