Rising Wedge Pattern is at the top of the structure for a third time, and was swiftly rejected from the higher end of the $48 range. Looking for a drawback to around $27.
Large Rising Wedge Structure, Price Breaking Down Near Top.
NASDAQ looking due for at least a pullback, possibly into the gap below in the red box. Possible ending diagonal wedge pattern. Depending on upcoming price-action, short entries may be valid if price reaches the approximate areas of the orange and/or yellow boxes and reverses down from there.
Almost the same picture as the recent Dow Global update, a channel top has been reached, and the uptrend carrying us there has broken down.
W1DOW is looking like a breakdown could be happening of a tight price pattern leading away from the October 2023 lows.
Looking back to around 2012-2013, the largest and fastest moves in Bitcoin seem to be occurring within this parallel channel on the logarithmic chart. Since the recent low (Nov 2022), price seems to still be following the upward trend, but has fallen below the resistance of this long-running channel. I believe if BTC's price can break back into this channel, we...
I'll try to keep things as simple as possible here. Technicals: MMM seems to be a picture-perfect Elliott Wave Motive + Correction, as well as a 3-Month Perfected 9 TD Sequential bar. Potentially a good opportunity to buy or accumulate this stock. At least worth keeping an eye on. Fundamentals: 3M is a very integrated entity when it comes to other industries...
Posting this to monitor reactions to the slanted parallel channel levels.
This is a bearish outlook, but not without some bullish recovery first. Let's see what happens.
Looking like US100 could begin to retrace the most recent leg up, targeting 10000-10100 area if bull trend continues and a bounce occurs.
Looking like a similar markup pattern to the one we just dumped from.
A few visual indicators of PA obedience/breakout.
Using the recommended Crypto settings for ichimoku (20pd Tenkan, 60pd Kijun, 120pd Senkou A, 30pd Senkou B, 30pd Displacement/Chikou), I have recently started experimenting with a "Leading" Chikou (30pd ahead) in addition to the 30pd Lagging Chikou, and seeing what correlations can be found. This is a very good example of the Leading Chikou responding to the...
BTC is currently in one of the two white more bold triangle patterns, however it does seem to be at a temporary bottom with regard to both of them, losing much of its volume, and could swing up at least partially for one of the wedges if things hold up. Currently facing resistance on the 50 (white) and 200 (red) daily SMAs which it just lost support with. A...
school.stockcharts.com Study this image carefully, then compare it to BTC's recent high range at 9200-9600. Could we be in for a correction to 8800 to 8900? Or even as low as 8300 if we see a dead cat bounce at the first level mentioned? We shall see.