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One of my favorite EW patterns: Ending Diagonal It usually appears in wave C or 5, we have wave C It consists of five waves and each of them are three waves All looks good as wave 5 is over wave 3 and Ending diagonal might be completed as EWO oscillator already shows Bearish Divergence between wave 3 and 5 This educational post to show trade setup on this...

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1.2578-1.2631 is the range for consolidation I assume it will break to the upside bullish trigger 1.2631 target 1.2812 stop below 1.2550

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Head & Shoulders reversal pattern has been spotted. Trigger: Breakdown below Neckline was activated yesterday Target: $187 - height of Head below Neckline Invalidation: $233 Fundamentals: Peace talks on Ukraine

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Gold futures broke above minor consolidation, so the map should be updated. Wave 3 becomes extended (blue small waves) and it is looking to test the trendline resistance near magic $3,000 level. But that's not all as we didn't see wave 4 yet. It should be complex to alternate wave 2, which was simple. Wave 4 could hit the $2,500-2,550 area to complete...

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Beautiful symmetric reversal Head & Shoulders pattern is in the making. We have three peaks with the highest in between called Head. Left and right peaks are "shoulders". The line between valleys of the Head is called Neckline. This pattern reverses the price course at the climax. Trading technique: Sell entry is triggered on the breakdown of the Neckline Stop...

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Fundamentals: Canada looks better as it could settle some solution with Trump Europe can't politically and economically agree on buying US cars and agriculture Technicals: EURCAD is in the range between 1.5113 and 1.4283 and hit the top of it recently. Hence, odds are in favor of sell supporting fundamentals above. Trade setup: Short current (1.4907) Stop...

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Last week my post on Bitcoin dominance played out faster than it was expected. (see related) This indicator broke out into 60-70% area. So, I switched to a weekly time frame and spotted a classic reversal pattern called "Double Bottom" in the making for you. Let's break it down. We have two bottoms highlighted with yellow arcs in the same area. Indicator eyes the...

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The price of the main currency's domination charts familiar pattern of sideways consolidation. The dominance might stay in the range between 55% and 62%. The blue zigzag illustrates potential scenario of consolidation. The final drop to retest 55% level could be scaring but this will be just a final leg down before uptrend resumes to target 65-68%.

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This is the map of how to trade this rare chart pattern. This is a textbook sample of Falling Wedge continuation pattern that played out with impressive accuracy. We have a strong uptrend in 2024 that has been changed by a large consolidation that took place for the rest of 2024 as it has built the large Falling Wedge (continuation) pattern. One should focus on...

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Gold futures follow the path posted earlier (see related). It dropped quickly and deeply within a correction to hit the $2,542 mark. Next was a strong rebound that stalled just above $2.7k Then we saw a series of zigzags that shaped a small consolidation All of this indicates of the sideways consolidation pattern which implies the box type flat correction with...

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Giant Flat Correction could be built on the altcoins chart (less Ethereum) Indicators: -Collapse in three waves in 2021-2022 (wave A) -Retest of 2021 peak in three waves in 2023-2024 (wave B) -wave B retested the start of wave A and failed to grasp the bullish ground beyond -first move down and small correction that keeps below all-time high could be the harbinger...

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Tradingview offers simply the best instruments for charting. We have special charting tools to highlight famous Head & Shoulders reversal pattern (in yellow). I spotted this textbook pattern today and would like to share this educational post with you. It was shaped by three peaks with the highest (Head) in the middle. The Right Shoulder reached its climax right...

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Novo Nordisk price has charted a famous and beautiful reversal pattern - Head & Shoulders. We have 3 peaks with the middle one the tallest also called Head. The Right Shoulder inclines down so the magnitude of the bearish move is strong. The dotted line between valleys of the Head is called a Neckline. The bearish target for this reversal is located at the...

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This post explores the idea that Bitcoin, often referred to as "digital gold," might one day replace gold as the preferred store of value. Gold’s price (shown in yellow) has traditionally been sensitive to inflation, which is influenced by money printing, as indicated by the US M2 money supply (shown in white on the chart). Geopolitical and economic insecurity...

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Luckily, I spotted a classic reversal pattern right on the edge of triggering. The combination of three peaks, with the tallest in the middle, has formed a Head & Shoulders chart pattern on the Dollar Index futures daily chart. The right shoulder is almost complete, and the bearish trigger will be activated if the price breaks below the Neckline (the line...

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Congrats to all hodlers who've reached the 6-digit mark and beyond! How far could this impulse take the price? The textbook Cup & Handle pattern (yellow) suggests that over 20% of bullish potential remains, with the ultimate target for the pattern at the $125k mark.

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Beautiful Cup & Handle pattern (yellow) has been built on the chart. Price broke above the Handle this month confirming the bullish stance Total Crypto Capitalization ( CRYPTOCAP:TOTAL ) could reach $4.53 Trillion.

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Textbook Cup & Handle pattern (yellow) has been shaped on the chart. Price already broke above the Handle triggering the bullish signal The target for this pattern is located at the depth of the "Cup" added to the breakout point. So, the SOL/USDt price eyes $412.