Hello Awesome Traders! I trust you're having a fantastic trading week so far. Let's dive into an exciting opportunity presented by GBPUSD on its 1-hour chart. This setup is worth exploring as it offers potential for profitable trades. GBPUSD has formed a double bottom pattern around the 1.2529 level, with striking similarities between the first and second...
Could be an early reversal here on $NYSE:SPCE. A spicy dragon pattern has formed and currently attempting a backtest of the spine. This one has been a big pumper in the past, so I am cautiously optimistic for now. I'd expect a LL if it loses this supply line. Proceed with caution.
Well, well, well... Would you look at that. Just look at it. Have we seen this pattern before? Our old friend, Mr. Dragon, has returned and... What's this!? The big guy is carrying a smole bebe dragon. How cute. So maybe it's a Mrs. Dragon?? This type of dragon bottom can be v powerful with these meme stocks, definitely something worth watching. ...
Welcome, traders! We've got an exciting chart setup on the LIT/USDT pair. The dragon pattern is in play, hinting at a potential breakout targeting the golden mean ratio around $4. Let's dive into the details: Chart Analysis: Pair: LIT/USDT Timeframe: Monthly Key Observations: Dragon Pattern: The LIT/USDT chart is forming a dragon pattern, which is known for its...
Déjà Vu: A Tale of Double Bottom Resonance Neo, much like Bitcoin and other digital assets, knows how to repeat history. In 2020, it showcased a double bottom pattern, and its evolution bears a striking resemblance to what we are witnessing today. The Setup: An Intricate Dance of Market Forces A double bottom pattern is no mere coincidence; it often involves...
In the realm of cryptocurrency, patterns often reveal the hidden narratives of price action. Today, we dive into the fascinating world of QTUM, where a remarkable pattern is unfolding - the Dragon. This pattern, akin to a double bottom but featuring a lower low, signifies a reversal with potential bullish undertones. The Dragon Emerges: A Distinctive Pattern ...
Currently retesting lows for the 3rd time and showing bullish divergence. Nearing earrings and a breakout point, fib targets on chart.
A nice example of connecting patterns on different sized candles On the 4H candles we can observe a triangle, after breaking through which we started to form a falling wedge on a smaller timeframe (15m). While the wedge was broken, a lesser-known dragon pattern was formed (I'm just starting to study it .. thanks to @sylviasylvia .. ) whose last target is...
Price action and chart pattern trading setup: > A bullish dragon pattern with an uptrend ABC wave currently making a pullback to the rising channel support at the volume profile point of control > The price is below key dynamic support SMA200 and SMA50 which is considered a downtrend movement or could just be a false break dump and pump > Entry @ SMA50 and SMA200...
Price action and chart pattern trading > Anticipating a breakout of dragon ridge or descending triangle breakout downtrend DRAGON ABC wave pattern with current Intermediate C-wave in zigzag formation > Target @ possible making a minor 4-wave uptrend correction retracing 0.0382-0.5 previous 3-wave +50% - +70% > Stoploss @ the lowest position of the -25 - 30% to the...
Hello and welcome to this analysis After a sharp down move last week which might have ended its sideways corrective, Reliance is now attempting a double bottom in lower time frame, suggesting 2475 and 2575 as possible upside levels as long as its above 2470
Open - 1.66213 TP1 - 1.62321 TP2 - 1.58859 TP3 - 1.51149 SL - 1.68360 Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.
Price action and chart pattern trading setup > An impulse downtrend Elliott Wave channel with a dragon pattern forming rear legs > possible upcoming bullish divergence signal at the next support 8.00 baht targeting 2.618 extension > Entry @ dragon ridge breakout > Short term target @ previous wave 4 position > Medium term target @ wave 1 and wave 2 position + 15...
Waiting for wave 5 inside a "bullish" falling wedge. "Resistance" looks like "support" now. We could "fall lower" to 61k but we seem to be forming a "higher low". Important support/resistance 61k , 41.3k , 36.6k, 29.2k I've added two channels from recent price action. In case of breakout from the wedge the first stop could be the "top" of the channel at first...
AUDJPY has formed a dragon bearish pattern on its hourly chart. The price is trading the wall @ 93.198 with possible targets projection to TP1 92.025 1272% BC TP2 91.525 1618% BC AUDJPY DRAGON BEARISH PATTERN WALL 93.198 💼EL 93.528 ⚠️SL 93.795 🎯TP1 92.025 1272% BC 🎯TP2 91.525 1618% BC
Coffee Futures Held onto the $220 support area , sprung and broke that supply line creating the dragon pattern and maturing into a bearish bat harmonic which has a PCZ of $254
Start of a breakdown from a bearish dragon, into the BAMM move of the bullish 1 hour gartley
Price action and chart pattern trading setup > symmetrical triangle with squeezed accumulation in the upper zone > Possible upcoming breakout for medium-term uptrend during Thailand re-opening and rising interest rate > Target 0.5 and 0.786 retracement zone > Stop zone at 2nd lowest point of triangle zone for medium-term and the lowest point of triangle for long...