I see the most recent uptrend as a part of a pennant slowly closing. Therefore I'd recommend going LONG until 110.300, then go SHORT from there :)
Aussie dollar rejected a strong support level. Can the bulls push it higher? Aussie dollar has a strong downward tendency from a multi-timeframe analysis. Rejected a strong support at 61.8 fib indicating possible ABCD Let's watch for formations.
Looking at the chart above, you can see the original daily structure break to the upside, shown in blue. Then you can see the H4 structure which is forming, shown in green. I have entered the long for wave two on the H4 structure. Happy Trading Linton White JP Markets South Africa
Equities forming a pennant. Usually these are continuation patterns. A measured move down from flagtip would expect to make a bottom half of flag-pole equal to top half, for about 1800+ pips; this would drop index near 24200, or a bit less. IMO the Megaphone Trend is still dominant. A breakout to upside is still possible if global events magically resolve...
Hello Traders, Welcome back to another chart, today's chart will be on NEO, formerly known as Ant-Shares, surely a re-brand back? Points to consider, - Price testing resistance zone (Red Zone - .382 Fibonacci Zone) - RSI bouncing of overbought region - Stochs showing downwards momentum - EMA's action as support for price at current given time - Volume is near to...
Just throwing some lines on HSBC (HSBA) . We have a broadening channel, higher highs and lower lows on a 20 year timeframe. Currently in a downward trend on the monthly, just about holding historical support. This would probably be a good place to exit if we are expecting a market downturn. "These formations are relatively rare during normal market conditions...
Due to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile. We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed...
Quick xrp chart If the ~4 cent Resistance level is achived, on the Right shoulder, possible Cup and Handle pattern coming into play. NOT AN EXPERT DISCLAIMER Stay vigilant and watch your Levels. As always DYOR and Good Luck
SWKS has formed an Island Gap, after retesting the prior support level above the low of the bottoming formation. The recent gap creates the Island Gap formation. This kind of gap tends to not fill easily.
This broadening formation is breaking out to the upside. To confirm that, I want to see it going fully trough the 3k level. Target inside the chart.
Big Expanding descending Channel or Brod Formation of structure making in GBPJPY. Currently making a Bear flag to Short Term SELL Opportunity . Buy on Third touch of structure after Confirmation in Lower Time frame - Let See What Will be Next Move - Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Sea Monster Formation. Based on this pattern BTC is going either remain a mystery like the Lochness Monster or have to show itself and confirm the myth. When this formation happens, it is anyones guess as what it will do. Some say that a breakout will occur and there will be a positive identification and others say it is just a hoax or only in your imagination....
Hello traders, we see a interesting formation in the weekly timeframe provided from the Dow Jones Industrial Average Index. Since January 2018 the index is trading in the range between 27000 and 21700 points. It fromed and interesting formation till now with an low at 21700 points. Looks like an inverted Head and Shoulders formation, the right shoulders could...
Entered the trade at price point: 1.3295 = 23.60% level. The proper move would have been to wait till the 50% - 61.80% to confirm a reversal at this present price zone. It's funny because I have signals on my phone that show the sentiment of the market on whether to buy or sell. USD/CAD was in the sell at the time I called the trade and is now Neutral. Note to...
FDX is an example of a failed short-term bottom formation. These bottoms develop too quickly and are unable to fully complete the formation. This stock is now poised to retest the prior candlestick pattern lows for support.
The Aussie dollar remains in dangerous territory this week whilst trade tensions continue to mount pressure on the AUD. Market sentiment fell significantly today as we failed to push past heavy resistances around 0.7100. I believe fundamentals will rule out basic technical analysis over the next few months so I will continue to scalp trades as they occur on this...
here we can see on 4 hours graphic bearish bat formation done well , so we can short at this level , you can check the tp and sl from the graphic.
E CAN PUT SELL LIMIT ORDER @ 0,87000 AND STOPLOST 0,87550 TP1 : 0,86450 TP2 : 0,86000 ENJOY TRADING GUYS