USDCAD has seen the development of what seems to be a rising wedge pattern within an ascending channel. The double top rejection at resistance gave us a heavy bearish momentum candle that could indicate further downside continuation. A break of the lows with a retest could prove to be a valid entry.
Please refer to text on chart.
We tried to short once before but stopped out for a small loss. This is a 2nd short attempt with another nice R:R.
** Remember, we don't try to predict future price. We react to current market moves based on our interpretations of past data.
Please refer to text on chart.
Not much to say here, price is slowly moving downwards.. we'll enter with the current trend - down. If price starts moving up, we'll get out. Simple.
** We do not try to predict future price. We simply react to current price movements based on interpretations of past data.
Hello everyone, i noticed that FX_IDC:AUDEUR has reached the resistance zone between yesterday and today, and this is clearly a strong short signal. Also BB% are extremely high for continuing the uptrend oscillation, and this is the confirmation of a bearish pattern incoming.
Happy trading to all!
Three touches of 109.279 after which we see that there is a drop in price. Maybe he'll do another HL touch then it will reach 109,480 and he will form double TOP if that happens and if it breaks that uptrend it will go down
CDNS is at risk of a topping formation, but has bounced on its top completion support level. If the stock breaks through this support, the next level of support is below $50.
Hello everyone, FX:EURJPY is entering support zone wiht thew 1h chart view... Also BB% indicator is telling us to buy... I'd keep this one for one or two days max.
Happy trading to all!
VRSN has a bounce up at a support level that is technically within the topping formation completion level. The stock has recently consolidated above the prior low for this top.
TWLO is forming a short-term Rounding Top Formation with support nearby. There is some Dark Pool Quiet Rotation™ that is increasing the rounding action on this chart.
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I believe that this is one of the potential blow-offs, run the Friday close at or close to ATHs before running it back down considerably before POTUS run and worsening trade climate turns market for the...
Indicators show a decline. BTC itself is also located at a decline.
I see two scenarios leaving under the line of the mirror level.
Or will the level withstand the pressure?
What do you think?
AXP has broken through the topping candlestick pattern formation support levels. The stock ran down to a lower support level, then bounced up. Current support is weak to moderate.
Good morning lads!
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On the technical part of it, CND have been making a rounded bottom curling up and well respecting levels...
Theory of Demark (n points).
Building trend from right to left.
Who wants to develop as a trader I advise you to read.
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Well if nuclear war won't start by September 28 then POLONIEX:DOGEBTC gotta bark as hell and well go through 28, 36, 40 sats; top at 42 sats and consolidate for a week till another rally to a wide range of possibilities I personally think that 86 is the maximum we can desire in this cycle.
Not a trading advice. Just my barktrasting opinion.
NTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence...
Your only winning bet at this point is to load up on high performing alts and keep waiting with more cash on hand to see if BTC will drop more(which more than likely will.) To be clear; NO ONE knows what will happen in the future but what I do know is how to read the warning signs of what is most likely to happen. If we look at BTC on the 12H it shows that we've...
