AMC has been providing fake buying signals since last June, which has ended up creating a decreasing triangle composed of a buying zone and a series of decreasing maxima.
Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the...
In the USDSGD currency pair, we are seeing the formation of a continuing triangular pattern, so we expect the price to continue to move down and touch the following targets.
TP1: 1.38322
TP2: 1.37588
TP3: 1.36853
TP4: 1.34584
If the price goes above the triangle, we expect the price to rise to at least 1.40051. But keep in mind that the probability of a price...
In the CHFSGD currency pair chart, we see a continuous triangular pattern. That's why we expect to see a sharp drop in the price of the CHFSGD currency pair if the price goes down from the triangle.
The price is likely to drop to 1.45387 and you can put your target there. If you can't risk much, set your first target to 1.46000.
Note that the condition for...
As momentum of JPY and GBP both appear to be directed to the upside and strong, it would feel quite certain to take a short position on GJ wjhen JPY clearly takes the lead on chart of currency strength indices.
However CAD & USD collective selling pressure is lurking and may unexpectedly overpower JPY buying power in the strongest triangle of world economies and...
STOP LOSS : 1.3023
TAKE PROFIT : 1.24245
Risk-reward : 2.56
Longer term trend: BEARISH
Current trend: BULLISH
General comments:
USDCAD has been bearish since end 2016. Huge drop followed by a 50-61.8% bullish retracement. Subsequently, another lower low was made and we are in a short term bullish uptrend. Price face strong resistance at the 1.29 mark, which...
proposed STOP LOSS : ~10,600
proposed TAKE PROFIT : ~17,000
Risk-reward : over 4x
Longer term trend: BULLISH
Current trend: BULLISH
General comments:
Bitcoin has seen bullish movements since the start of February 2018, making higher lows with highs pegged at 11,700. The result is a beautiful bilateral triangular pattern.
A bearish break below the...
Hi there. I have read some popular threads about BTC patterns here on TV. People say that bitcoin is forming symmetrical triangular and it will go bullish up to 1.618 fib which is at around 15k. What I want to say is that, if BTC is forming symmetrical triangular it is going to dip, Why? because in my knowledge symmetrical triangular in downtrend means bearish...
The TRIMA is simply the SMA of the SMA -- a double-smoothed simple moving average. The end effect of the double smoothing is that greater weight is placed on values near the middle of the lookback period. It therefore reacts relatively slowly to price changes compared to most moving averages.
But why would I want more lag?
One potential use of this moving...
