Counting 5 waves with the 5th possibly ending in the ranges of 1614 to 1630. Both the weekly and daily charts show signs of bearish divergence on the RSI signalling that bulls are weakening. Weekly histogram is downticking. What are your thoughts?
Noticing an ABCDE type correction into a descending triangle. Based on EW rules, there must be an E wave coming down where price will either reverse or continue downtrending. If price breaks to the upside, I will look to long until the 0.382 fib retracement. What are your thoughts?
I see 5 waves completed, with subwave 5 of wave 5 forming an ending 5th wave digaonal. RSI has been bearishly diverging for quite some time and now has formed 3 peaks, each one showing bearish divergence. MACD is showing a possible crossover. Histogram is downticking. Buy volume is declining.
WHEATUSD is shwoing bullish divergence on the weekly and is clsoe to breaking out of consolidation with strong bullish candles. Looking to long.
This pair looks to have formed the top of the right shoulder. Low risk trade with potential for a huge gain although be careful. Not financial advice just my thoughts.
Double top looking to break. Weekly is showing strong bearish pressure. Target zone is based on double top rules and weekly support which coincidently match.
Confirmed bullish break but pullback (Throwback - whatever you want to call it) needs to bounce for confirmation. RSI could bounce.
Assuming parallelity based off consistent lower highs. Price is likely to fall back to triangle support as there are rejection signs on 4hr.
Price broke to the upside but has been rejected at the 500MA (White Line) multiple times since the down trend started. Break to the upside of the triangle was rejected. Break to the downside may be more favourable. Looking to open a short targeting the green box where support lies.
Not super noticeable but there is hidden bearish divergence on platinum. Price has reached overbought zones and if history can repeat itself, price will fall back to the bottom of this sideways trend. Strong sell volume aswell.
Inverse H&S breakout followed by a channel breakout. Possible swing.
Dynamic Support of November to February has been broken indicating possible trend change. Pullback to dynamic support turned dynamic resistance followed by rejection indicates bears in charge. Strong move down for the flagpole with weak pullback signalling the pattern is more likely to play out.
Bearish Divergence on RSI and Decreasing buy volume on MACD.