The head and shoulders chart pattern is a price reversal pattern that helps traders identify when a reversal may be underway after a trend is exhausted. It is of two types: Head & Shoulder and Inverse Head & Shoulder. This reversal could signal an end of an uptrend or downtrend. (Inverse Head & Shoulder with an end to downtrend in this case) Inverse Head &...
Hello traders! Today we will talk about BNBBTC and its price action from Elliott Wave perspective. BNBBTC is clearly bearish, but it's obvious that is slowing down. However, we still see room for more weakness, especially because of the recent three-wave intraday corrective recovey only. So, it's ideally unfolding a bigger ending diagonal (wedge pattern) into...
Hello traders! Today we will talk about XMRBTC and its price action from Elliott Wave perspective. XMRBTC is sideways since 2019 and it's ideally forming a big bearish triangle pattern in wave "iv", which means that we should see even more weakness and sooner or later we may see new 2020 lows that can send the price down to 0.0060 - 0.0050 area, if not even...
1. Look where price came from> Does it came from supply or demand area? 2. Look for transition. 3. Look for ceilings. 4. Look for next supply/demand area. Remember. We want to sell of ceilings in bearish marketflow And buy from floors in bullish marketflow
NSE:HDFC STRONG BEARISH DOGI AND STRONG PRICE REVERSAL IS ALREADY FORMED WITH GOOD VOLUME. EXPECTING TO REACH 1650 IN COMING DAYS
Dears, as you can see on the chart, the Daw have bearish take what you think it is enough for you as the Daw it is change price between the brokers. God knows, take care and good luck
Dears, I know most of the traders think about this chart it is a new chart, but as you can see with the attached chart you can see the old one it was 21 July 2019. and we have mentioned the gold from that date it is bullish, and it will not be bearish till touching the resistant, and that time we want to get the confirmation of the bearish with price...
Identified, confirmed and traded using the strategy outlined in the H&S Tutorial, see related links below.
XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets. after a quick spike up to 7300 last night we still closed below that resistance level. yesterday we broke the supply zone so you will see I have made the new supply zone which is at high 7's at this stage in my opinion if we close above res we...
Regular Divergence signifies either a correction to the trend or after further confirmation, a complete reversal of the trend. Regular Divergence is identified by comparing price action (PA) to the Relative strength index indicator (RSI). Regular Bearish Divergence (RbD) occurs when price action forms a higher high (HH) but the RSI indicator forms a lower high...
DJI dropped 1,000 points yesterday, whats next? heres some ways to navigate: 28174 is a key pivot Scenarios: A) a break above 28174 with a bullish impulse should see the gap be filled with more buyers coming in B) a rejection of 28174 could see a inside day then a deciding break tomorrow either way C) a break below 27900 will see more sellers and a trip...
Dears, please, follow our instructions as mention on the chart.
what I am looking for is for a sell move, I believe that the price should go down before it goes above the 1600 level. entry point 618 level of the mini-trend. I'll take entry with good rejection confirmations. Tomorrow is NFP we can expect it to fall but let's see what will happen. Goodluck
GBPJPY created a nice head and shoulders. On the left shoulder price failed to make a new high so we made a push down to form a higher low to create the head. After the head price pushed down back to 142.300 area and then came up to create a right shoulder around 142.800. This formation along with price being rejected and London session already opened this is was...
Bearish rising wedge on bitcoin, target $9800/$9900, looks like a possible false breakout of the neckline, 12H bear divergence forming, watch out for that sell zone. gocharting.com