People asking for this Click "Make it Mine" to add it to your saved charts various scripts also exist which serve the same purpose
As the nine month range gets tighter, price is positioned for a move soon. Prepare a trading plan before the move happens. <6000? --> likely quick path ~4k >7200? --> likely quick path to previous local highs, 8.4k, 10k, 11.4k
C-Clamp suggests oversold conditions on 4h TF, can be thought of similarly to any divergence Potential falling wedge mess w/descending vol profile and RSI bull divergence SL < 6150 TP = Kijun > 6777.77
High TF bearish consolidation suggestive of bearish continuation. This target would also break the longstanding descending triangle. Stop entry <6140 SL = 6400 TP = 5000-5350 Previous resistance turned support from Sept and Oct of last year also at these TP levels.
long entry will trigger with price breaches PF, not before ML (yellow) is high probability target so long as price remains in PF based on duration of price in trend channel, PF support/resistance diags should be considered significant
classic iH&S long entry after formation of shoulder (if shoulder forms) and breach of horizontal watching for now
New PF to going into 2019? more here: www.youtube.com
Before I trigger the purists, yes, I know this isn't an ideal price structure for a C&H Difficult to measure considering shape Support Levels are strong but target = 0.05
Bullish Reversal Pattern Neckline resistance questionablly diagonal Volume profile essentially descending barring the head Target based on; measured move, fib extensions, previous horizontal resistance Throwback to diagonal zone of resistance turned support is possible after neckline break Note: previous H&S broke SL at Right Shoulder and completed anyway....
H&S forming on descending volume short entry on horizontal break expect throwback and denial at horizontal IF horizontal support breaks SL above R shoulder IF horizontal support breaks 1.618 fib and measured move shown - likely support somewhere in that zone Breaking 10k and holding there would be tough imo
Markup phase continues Measure move and fib extension suggest $475-562 range Previous triangle broke out to 3.618 - would be $850 here
A lot needs to happen both technically and fundamentally for this to happen as described. The idea is likely wrong, but nevertheless worth keeping in mind through 2018. @VentureCoinist had a similar chart pbs.twimg.com
Possible to bullishly invalidate another up trending Pitchfork here. I've added a 1.25 zone which fits both as resistance and support on either PF. These together suggest price is either the top or bottom of the zone depending on trend speed shift. More likely than not that this will represent more bullish invalidation of an up trending pitchfork which gives the...