Gouws199

Gouws199 Updated 

As the title suggests, a perfect textbook diamond reversal pattern forming on the 1 HR. Even the Stoch pattern matches up with the example given on Investopedia. You also see a volume spike in the middle of the formation, with trailing volume toward the ends, which is another characteristic of the BDR. We had a H&S forming and had consolidation placing the...

Gouws199

RSI, STOCH and CMF are giving bearish signs though, so take care. Volume has been declining and setting up for a big move. Going long with tight stop-loss DYOR and trade carefully.

Gouws199

H&S on 5 min chart. See target above. Short term scalp. CMF bearish selling divergence.

Gouws199

Simple, as the title suggests: Most of the volume located at the centre of the formation (Most expanded price range), and we are breaking up with volume. RSI and CMF with bullish divergence. Resistance at the 2 red lines around 7100 and 7170. If those two get taken out my first target would be the measured of the formation around 7280 and a reassess from...

Gouws199 Updated 

Possible Diamond Reversal on the USD/JPY 15 min chart. Good possibility for a 10 pips scalp if not more, but there is some support on the previous swing high at around 110.223. Trade wisely ;)

Gouws199

Cup and Handle on the 4HR breaking out with C.M.F spiking positive buy pressure. While the volume might have decreased, I expect volume to kick in if the cup resistance is broken. Target for the Cup and Handle coincides with previous S/R lines. 2-3% Swing possible. Thoughts?

Gouws199

So this is my first post, and it is a bit of a meme post, but it migth hold some credence. If you look at the double bottom section on stockcharts.com ( stockcharts.com ), the second example they give you shows a double bottom example of Pfizer in early 2000. I made the comparison between BTC/USD and Pfizer/USD on the daily during that time period and I see some...