POTENTIEL flag formation. POTANSİYEL bayrak formasyonu.
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As you can see this looks a lot as V-bottom formation which usually break over the neckline, retests it and then pumps. In this case, since the V is cut at 3/4 from a resistance/support zone I think this will work as "neckline". To be sure my theory is right we just have to see if once price retests the zone, if it bounces back then resistance has became support...
Bearish scenario - Fibo 1,618 and Rising Wedge Formation
Hello guys and girls, her my expectation for the next movement in EUR/NZD. The grey path tool shows the spotted M formation, that in my opinion not fully completed jet. Entry confirmation: Price formed a potential double bottom right at the weekly uptrend line. Plus a long wick peaked under the daily resistance and came right back up. Please feel free to...
I show what happened after two wedge formations. Note carefully wedges do not rule the market. The create probabilities not predictions. Wedges do fail. There is hardly ever a perfect wedge pattern. The most recent one doesn't look too great. Price can fall out of a wedge and rock back in as you will see. Therefore trendlines drawn have to be estimates. From...
The fundaments for today are in line with a long position on this pair. The state of the market on the 1H was a range, but the price broke this range. Price broke the highest price of yesterday's New York session with 60%. This breach has a fibonacci pullback of 61,8%. on the 3m chart there's a v-formation with several test and sellers getting weak.
After the blow off this week, it looks like Bitcoin if forming a Bearish Pennant pattern going into the weekend. Stay safe out there, keep those stop-losses tight if you're trading, but I am sitting in Tether until a confirmed break or re-consolidation happens.
There's Double Buttom formation in the chart. I think from here it's gonna be long for sometime
Hello Traders! After the 10 consecutive victories in BTCUSD in the month of October, we lost in my previous post. But we will again make a good winning streak with the same strategy. In my last idea, I posted an educational post about the J pattern. In which I gave the guide on what to do after the J pattern Formation. I have attached that education Chart Below....
Now don't get too excited we could be in this range till November/December - Let me explain further why? Fundamentally to get the markets moving : - Uncertainty from elections - the polls may not be as trust worthy just like it was yrs ago.. - We are still playing circus act with stimulus (QE) Whilst this plays the same way - we will be in a range until...
It could be good place to make an Crab formation after long uptrend.
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Bullish pennant forming. I will be awaiting a break and a retest and then entering, targeting previous key levels as a take profit zone. SL will be tight and placed just inside of the pennant formation. I don’t normally trade on a Friday, but a pennant is a pennant. Tight stops ensure that fake-out fridays doesn’t hurt too much.
EURUSD is ready to complete the cup formation. Then we'll observe the handle. We have to be careful about MA 20. If it breaks below, we may see downward action. Price that is higher than MA 20 is still long in my opinion. If you enjoy my graphs, like and comment. Your feedback will always be appreciated. Thanks!
I can clearly see the market cycle forming the most common pattern. We are at the peak of level 3, end of 2 weeks bullish cycle so I'm expecting consolidation in the Asian session, rise in London session, and the drop in New York session. NOTE: That's only what I see, doesn't mean it will happen! Please DO YOUR OWN ANALYSIS before enter any trade! Good luck...