Mamou-Q

Mamou-Q

Based On the looks of SPX at the moment, and some measurements of previous price action, I could conclude that a probable rising wedge is in the make. Risings / ascending wedges a reversal patterns which happen when price makes higher highs and higher lows with a slope up and have a bearish bias. PS. . the pattern is still half way, so at the moment we still...

Mamou-Q

SPX started the retracement on the 22 of March, many head and shoulders patterns were formed on the chart. although I don't trust H&S patterns, but there are multiple confluences confirming the retracement. last confirmation just happened this morning with price being rejected multiple times whenever trying to go higher (and I mean really rejected with long...

Mamou-Q Updated 

Head and shoulders patterns are all over the place on the crude oil chart. Oil has broken the weekly channel couple of days ago and has been retesting its support the whole today. Price broke the H&S pattern just after the opening tonight. Expect a reversal with targets indicated above.

Mamou-Q

A breakout of the triangles on both the daily and the 4h to the upside. A semmetrical triangle on the 4h, and ascending triangle on the daily. its a bit a tricky to draw the lines there, but this is the correct way as shown!

Mamou-Q

price is making higher highs and higher lows in a supposingly downtrend indicating a possible continuation to the downside. besides, the double top and bearish divergences may adds confluence to assume it might breaks, if ever!

Mamou-Q Updated 

So, in my previous post, see below, I have shared my bearish view on BTC. I have doubted for a bit my analysis since yesterday. However, I re-assessed the price structure of BTC this morning, after closing my short positions unfortunately :(, because Now im more convinced that we are heading down for a serious retracement. On the daily, an inverted flag pattern...

Mamou-Q

Based on price action of bitcoin so far, one can assume that a descending trend had started a week or so ago with the close of a very bearish candle on the weekly timeframe. Looking at the daily, a wider head and shoulder pattern is probably in the formation. On the 4h: Possible a falling wedge is in the make, which might bring the price to the 30000 level. If...

Mamou-Q

A potential sell trade of NZDCHF reversal. Price trading in a symmeterical triangle and expect a breakout to the downside.

Mamou-Q

Although the main trend is bearish, my expectation that Gold once done with the current falling wedge, will go for an impulsive push to the upside. Might go beyond the descending channel. ps. This analysis fails if Gold breaches 1690 Support.

Mamou-Q Updated 

Expect an impulsive move after the reversal symmetrical triangles followed by a gap!

Mamou-Q

Good luck :)

Mamou-Q Updated 

I expect once price breaks 1800, a huge move to the downside Head and shoulder with a little tweak to fit in!

Mamou-Q

SPX Trading in a symmetrical triangle, Symmetrical triangles tend to appear usually when a reversal is happening, for their bilateral nature to induce confusion among traders. However, this triangle is identical to the one before reaching all time high.The angles of the triangle are measuring the same as well. When the first triangle broke to the upside, we...

Mamou-Q

Most probably bitcoin is going to retrace back to 52000, then going up again to 60.000. A rising wedge is momenterly id being printed.

Mamou-Q

It might be obvious by now that SPX is ready for the melt up and a serious retracement after all divergences appeared since last year. Let's hope it's not a trap! We are used to that by now from S&P500 :) lol I hope this break down of chart patterns help you out. Good luck with trading.

Mamou-Q Updated 

Just posted the falling wedge Gold is printing on the lower timeframe. the higher time frame is also trading in a bigger falling wedge. This bullish chart pattern is supported by the strong support level at 1785 where a double bottom is a confluence of a reversal possibility.

Mamou-Q

SPX is in a Symmetrical triangle, which is a bilateral pattern that might break out to the upside or the downside. However, SPX is under a heavy bearish pressure, that is confirmed after being unable to make higher highs once it broke out of the falling wedge, it merely reached a weak resistance and bounced back.So, My guess is that this symmetrical triangle is...

Mamou-Q

Gold price is trading in a reversal falling wedge. These wedges are my favourite, and they are 80% accurate, especially when it happens in GOLD. The pattern is not complete yet, wait for a confirmation after breaking out to the upside, then watch price structure ranging above the wedge before going higher.