- The supporting trendline was broken 2 times. - Double Top confirmed the resistance. We are going to see a trend move to the downside or a consolidation first to then decide which way we go.
2nd supporting trend line identified. Bullish channel created.
We have a supporting Upward Trendline with a strong daily support foundation. If we bounce from the ATH double top and get rejected to the daily support AND break the upward trendline, we might see a break of the strong daily support foundation to create an new downtrend.
We have a supporting Upward Trendline with a strong daily support foundation. I am looking for a break and retest of the All-Time-High to make new higher highs.
We have a strong triangle setup and are looking for a break to the down side.
Support and Resistance on the 15 minutes before the NYSE opening.
Watch this beautiful Support and Resistance channel on NAS100 on the Daily chart. All the FVG have been taken out on the bullish side outside of the channel and there are many FVG within the channel on the bearish side with are still open.
Pitchfork on GOLD. As I cannot predict the future of GOLD, I publish my chart analysis and you have to decided in what direction GOLD will move and take action.
GBPUSD: Break out of Channel In technical analysis, a "breakout" occurs when the price of an asset moves outside of a defined support or resistance level. This can be seen as a signal that the asset is shifting from a period of consolidation to a period of trend. On a 15-minute timeframe, a breakout of a trend may indicate that the direction of the trend is...