Take this as an idea to develop your own setup Main Items we see on the 4HS CHART: A)Price made a Flag pattern suported by the daily descending trendline B)Flag patterns are considered continuation structures C)The first breakout of the Flag pattern we think was a fake out to catch short entries with a tight stop D)Now the price is making a pullback to the...
Daily Chart Explanation: - Price bounced in an important Support Zone. - Also, it reached the bottom of the Weekly Ascending Wedge. - It bounced from there, but have not broken the Descending Channel yet. - If it breaks it, price has potential to move up towards the Resistance Zone at 1,873. Our Weekly Vision supports this Bull Idea. Check it! Weekly Vision:
4H CHART EXPLANATION: Price broke the Descending Trendline and started moving sideways on a range. Now it is facing the bottom of the zone, so we expect a bounce here towards the Resistance Zone. If the Resistance Zone is broken then it has potential to reach the next one at 76.500-76.600. MULTI TIMEFRAME EXPLANATION: -Daily: -Weekly:
Take this as an idea to develop your own setup We will be waiting for the confirmations mentioned on the chart. By doing that we will have strong confirmations that support the bearish view. Currently, the main structure is the bullish ascending trendline, this zone will either confirmed the continuation of the bullish movement or the continuation of the...
4H CHART EXPLANATION: On this timeframe price is on a Desncending Channel, and broke the middle trendline inside it. Also, on a higher timeframe, it did a fakeout of the Major Ascending Channel, so we now expect a pullback towards it to continue the upside move. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
Daily Chart Explanation: - Price was on an Ascending Channel since September '17 and broke it. - Price is, now, facing the Weekly Ascending Trendline. - From here, two possible scenarios: * Long View: a Pullback to the Ascending Channel before going down. * Short View: if price breaks the Weekly Ascending Trendline, potential to move down...
4H CHART EXPLANATION: We observe in the 4H Chart that price is on a Descending Channel since the beggining of the Downtrend. It has recently broken the Support Zone, and did a pullback towards it to continue the downside move. We now expect a retest of the previous zone at $190 where a double bottom will be formed and may be a rejection. MULTI TIMEFRAME...
4 Hour Chart Explanation: - Price is testing the Weekly Ascending Trendline. - Bullish Divergence on MACD. - Potential to move up from here. - Our targets are the Middle Resistance Zone at 1.4893 and, then, the Resistance Zone at 1.518. Check out our Weekly and Daily Vision! Weekly Vision: Daily Vision: We are looking for buy setups on lower...
Use this as an idea to develop your own trade Main items we see on the Daily Chart: a)The price is against a Resistance Zone that was tested multiple times on the past b)Our Entry zone is positioned on a zone in which the rejection to the resistance zone will be confirmed c)Our Stop is positioned above the resistance level also giving enough distance to fake...
4H Chart Explanation: - Price tested the Weekly Descending Trendline, but could not breaks it. - It bounced on the Support Zone. - Price is trying to break the Dashed Descending Trendline. - Bullish Divergence on MACD. - Price has potential to move up towards the Weekly Descending Trendline and, in case it breaks it, a bull movement will be started towards the...
4H CHART EXPLANATION: As we can see on the higher timeframes, price was facing the Confluence Zone between the Resistance Zone and the Descending Trendline. It bounced there a few days ago, but the decisive support zone that confirmed the downside move was recently broke. At this moment price is about to face the middle support zone, and then, if this zone is...
First, we are going to start with the Daily Analysis Main Items we see on the chart: a)Price is inside an Expanding Triangle b)Using Elliott Wave Theory to understand the formation of any structure, we can see that A B C and D are already formed, continuing with Elliotts Logic an E wave is remaining, this Wave theoretically should make and impulse towards the...
4H CHART EXPLANATION: As we explained on the higher timeframes, we are waiting for a consolidation below the Ascending Trendline. At this moment price is breaking it, so a corrective movement is expected. It may pullback the broken trendline and make some corrective structure to continue the downside move. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
Main Items we see on the daily chart: a)Price Broke a major resistance Zone on a bullish movement that started on May 30th b)After that, the price made a Pennant pattern c)Pennant Patterns are considered continuation structures d)Currently the price Brok out from the pennant pattern Based on that we expect a continuation of the bullish movement towards the next...
Consider this as a guide to develop your own setup. Main Items we see on the Daily Chart: -Price has broken a major ascending trendline -Currently, the price is against a support zone -The downside potential from the current support to the next one is -2.5% -We consider that area as a good zone to open short trades Trade Idea -If the support is broken, you can...
4H CHART EXPLANATION: Price has been on a strong uptrend since May. Now it is starting to show some weakness, facing the Daily Resistance Zone. As we are now above the Descending Channel, it would be safe to wait for a reentry to the zone to consider short positions. There are three support zones as potential targets. MULTI TIMEFRAME ANALYSIS: -Daily: ...
4H Chart Explanation: - Price is currently on a Resistance Zone. - Price has tested this zone 4 times before now. - Bearish Divergence on MACD. - If price starts the down move, potential to move down towards the Support Zone at 0,6883. - We are looking for sell setups on lower timeframes to confirm the down move. However, we still bull in the Middle and Long...
4H CHART EXPLANATION: In the short term, we observe a Descending Wedge Pattern being formed by the last downtrend. Now we are waiting for a pullback towards the Confluence Zone between the Top of the Wedge Pattern and the Broken Ascending Trendline, and after that a bounce to continue the downside move. This is the short term vision, the mid and long term are...