The current uptrend of the Netflix stock will probably continue until its reaches the current resistance line. The MACD indicator suggests a long position.
Technical indicators are all pointing towards one direction for ETH, upwards. The 50 period moving average is way above to 100 period curve and the uptrend is clear and strong. The MACD indicator strategy also suggest a buy. ETH is likely to reach new and more impressive heights before we see a down move, if we see one any time soom at all.
On the 3 hours chart, BTCUSD is forming a rising wedge pattern (short signal) and is currently near the end of the compression. The MACD indicator strategy also suggest a down move. For the short term, a short position might be advisiable. For traders who currently have bitcoin, in the longer term, it seems like the uptrend is still strong.
Falling wedge pattern forming on the BTCUSD chart. Drop to around 14 400 to be expected.
We can see a rising wedge compression forming on the daily chart. I expect it to drop dramatically in the upcoming weeks since the wedge is steep.
The USD/CHF chart has entered a rising wedge pattern from an initial uptrend, suggesting a reversal once the chart breaks out of the pattern. Downwards movement is to be expected.
The Agilent Tech stock entered a rising wedge pattern from a initial downtrend, suggesting a continuation of the downwards movement in the next few days or weeks as the compression is reaching its end.