This " Line notes" can be well understood if you’re a good chartist in other words technical analyst. Looking up resist lines and power line is a great skills required in managing risk, identifying high probability setups. Only a line you see connected can help you determine wisely
Thought that ETHUSD is going to retrace before touching the lower support? OR a slow swift towards the main support. Here ETHUSD regarding the shock in volatility could break once and not retesting or the other way round
A Rising wedge is a chart pattern indicating consolidation, indicating the continuation of a trend and end of indecision.
Rising wedge emerge corresponding with the market current motion. According to Elliott can be described as a corrective triangle (a five sideways pattern against the trend) which is followed by a swift movement as in this case ✅ downwards. Note: Take your own decision, and held not your decision as a result of this post, but only to giving insight.
30 minutes XAUUSD responding to what minor overall short term is; downtrend. Bearish Flag Pattern indicates the fervent interest of the bears to continue trend seamlessly, so much more to short today and this pattern as an indicator.
A leading Diagonal is simply a motive wave pattern described by Elliott that is not an impulse( a five wave pattern that doesn’t contain wave overlap) while a leading Diagonal is such like a sideways motive pattern indicating how weak a reversal is starting say minds unstable about the beginning and it’s often followed by a sharp corrective wave but mustn’t extend...
The overall price of Gold is in a consolidation phase (a flag pattern) and currently the price is bouncing around the resistance line, we’ll go through a walk of identifying whether or not the price is at the goal to break the resistance line which have been tried twice a time or discontinue trend(reversal) which is to point a downtrend.
The price either take a break here or continue; breaking the trend line. Ill be posting next to describe the beginning of GOLD downtrend and with a sideways MOTION (leading triangle)
According to Elliott wave after an impluse movement follows a correction wave, here the case be a Flat correction or Triangle
A clear display that CAD is down for USD, below is the previous post about USDCAD, the uptrend has been looked to still hold till $1.41058, but before that should be noticed say a minor resistance zone at $1.37800. According to wave analysis (Elliott wave), WXY Pattern is a combination pattern that it end determine whether the move be a sharp or sidewalk...
Now USDCAD is in the verge of bullying the bears but not quite in a hesitation but a slow and steady movement, while you get excited in this 7/7/23 NFP sells be informed of the upcoming trend. Have a great weekend guys
We’re moving fast to the targeted supply range! BTCUSD is likely going to be at FWB:31K before any form of countertop.
ETHUSD Daily still show how consolidated it price is.
Remember the last post where I talked about the wave d throw over of the Y WAVE signals a throw under of wave e, this scenario just occurred this is expected time for USDCAD to break even the consolidation phase since triangle pattern in a combined pattern is often a conclusion of the price argument. THÉ BULLS ARE READY Also considering the confluence between...
Falling wedge pattern signals a bullish trend and most time in a price spiking way that is an impulsive manner.
After a short move goes a spike in price. This should be considered as a change in trend direction but at the point still weak while the previous uptrend is still strong so …
It’s a Triangle. Triangle often occur as conclusive mark of a long time argument which could form different pattern but certainly create an end to it, Triangle correction pattern proves often the end of price argument or consolidation. Here in wave Y the ‘Triangle’ is a SYMMETRICAL where the bottom arising while top descending to meet at a point "Apex"; in a...
After the short long movement. The bears won’t bear the bulls at that point!