UnknownUnicorn15614419

UnknownUnicorn15614419

A good example of an already completed bullish Wedge pattern. All elements of the figure are clearly visible on the chart. Preceding downtrend, 5+ touches of trend lines, breakout of the resistance line, and correction to growth. Now the price will continue to rise. The price should rise by the volume of the previous trend, so we expect it to rise to the level of...

UnknownUnicorn15614419

The price continues to fall for the second month and trend lines have formed at the extremes of the movement. The price has formed a downward channel in which periods of price growth alternate with a fall. It turns out a "pattern" 1-2, 1 - and right now the price is in the process of falling. That is, it completes the formation of the second stage of the fall in...

UnknownUnicorn15614419

The price movement in an uptrend has formed several strong price levels. You can see a pattern. At each level, there are two equidistant price touches - in the first of them, the level acts as a resistance. In the second, as support. Now the price has reached a maximum and is at the level of resistance. It will fall to support level 81.61 Remember, there is no...

UnknownUnicorn15614419

On the chart, you can find both a head and shoulders pattern and a wedge and a straight channel + many trend lines of lower and higher TFs. Everything suggests that the price will fall in the near future. I will consider the movement in the downtrend that formed months ago. The price bounced off the resistance trend line at 1.213 and fell to support. The price...

UnknownUnicorn15614419

The price formed the classic inverted "Head and Shoulders" pattern, literally like a textbook. The neckline and three peaks are clearly visible. There is also a mandatory clear prior trend - in this case a downtrend. After the completion of the pattern (breakout of the "neck" line) the price should rise by the volume of the previous trend. We look for lines based...

UnknownUnicorn15614419

A Wedge reversal pattern has formed on the chart. Elements of the pattern: a clear trend preceding the formation (for this example, an upward trend), at least 5 touches of trend lines, a mandatory narrowing of the movement zone and a decrease in the volume of price fluctuations. The pattern will be fully completed after the breakdown of the 0.714 trend line. Only...

UnknownUnicorn15614419

The price is close to the intersection of the level and the support line. When this is done, the level is rejected at the nearest price extremes that appeared during the growth. The line continues from 2019, mainly serving as a reversal element of the chart. The price is still in the process of falling and is likely to drop a little more before touching the line...

UnknownUnicorn15614419

Gold is working out the third wave of corrective movement in the process of falling in the context of a global downtrend. The levels are formed by the adjustment points. Now the price inside one of them is 1859.06. The price also approached the border of the downtrend. A correction will take place to the line 1883.05, break through the level of 1859.06 and go down...

UnknownUnicorn15614419

The price reverses in a bearish movement. It did not reach an annual high and began to decline. The basis of the fall is the border of the channel 127.096. This level consists of price extremes over the past two years. The maximum that the price will be capable of is a small false breakout and a pullback to the correction level of 125.074. Remember, there is no...

UnknownUnicorn15614419

During three months of strong growth (November-January) the price reached the main price levels of the chart: 137.57, 141.770, 143.415. Each of these levels is formed by means of price extremes for 2019. The price will continue to rise and reach the last significant level (4-touch low) 144.415. And after that, growth will end. The price will go down to the...

UnknownUnicorn15614419

The price movement develops in accordance with the following pattern: growth - correction - breakout - growth. This traffic pattern was repeated twice since November 2020 (before that, a similar three-stage movement was in the fall of last year). However, having corrected from the level of 75.40 and returned to it, the price did not stop. The algorithm was...

UnknownUnicorn15614419

Over the past half year, the price has risen from position 1.078 to position 1.234. This is a very strong growth for this asset. And one could expect that soon the price will stop growing and will correct upward through the fall. At the same time, at the price high (1.234), a Head and Shoulders pattern is formed. The pattern has formed tops + a clear initial...

UnknownUnicorn15614419

The situation that happened in November is repeated. Stage 1: The price rallied from the strong support level of 0.887 and moved into a downtrend. Stage 2: During the trend, the price dropped to a level, bounced and exited the trend during the rally, and began to fall in a new trend. Now the price is again at the support level. It should be expected that during...

UnknownUnicorn15614419

The price has been following an uptrend. She regularly touches the line of resistance and the line of support. On the chart, you can see at least 4 repetitive movements: in November in December (two) and in January. The price is again at the starting point of growth - the support line 1.364. It will continue to rise to the resistance line 1.399. Remember, there...

UnknownUnicorn15614419

Ok guys, let's get started! The price fell into a Wedge pattern. The pattern formation conditions are met - the price has five + line touches. The lines will cross soon - hence the price will leave the trend in the near future. Wedge is a reversal pattern, therefore, there is a high probability that the price will break through the support line and fall to the...