Big guy on patterns, everything else is just noise. Right on key resistance, but it look like it's going straight through it 20 SMA is right there holding it up (the little sma that could). Could be an extra simple set up here for some fast gains. uc.
The current Bitcoin squeeze as I see it. Notice how the trendline patterns are the same as the price-action patterns. Assuming it will round out and up.
This descending channel meant you could have been buying at every bottom trend line touch with take profits once it hits the top. Risky moves were selling from the top to the bottom VERY close to major support structure area. BIG BUY coming up DON'T miss this - an UNCOMFORTABLE lot size on this move will go a LONG way in proving that patterns are KING! "IF YOU...
Using trend breaks in patterns to confirm trend reversals gives analysts reassurance in pattern trading. In this example; extremities of the pattern were highlighted, and the most current trend within said pattern was drawn and will be used to confirm a reversal if/once broken.
GBPUSD DISCLAIMER: This is my trading experience, it is not an invite or recommendation to trade.
Gold presenting bullish signs if it can break above this 1 hr flag. Target price is approximately $1,320. Yellow arrows: Preferred prediction as I believe the break above flag will be quite bullish. Teal arrows: Second scenario could see gold tag the trend line channel before making its way back up to $1,320 Started a new account with IC Markets using C...
All the news looks positive here -BUT- Looking at the charts, even with the recent split, it all shows sell short. If you are in this stock long, it is time to sell now, and rebuy maybe in a few months. I am shorting CHDN right now, as it seems to hit its peak on the trend line, and I have 4 targets laid out for those that want to hold on longer than others I...
TAP has all the requirements to be a a bearish shark harmonic pattern except for point D has not been met yet. TAP has also broken out of its 2016 downward channel after making a double bottom. The neckline of the double bottom is currently being tested as confirmation. Plenty of momentum on the weekly timescale for TAP to continue to point D. A short sell at...
See the comments on the chart. I'm thinking ~$110.50 for potential upside until we make a lower low than what was seen in December. Low price target is purely a guess, but I'd expect to see it fall to the range of $50-$75 (not a very concise range, I know, but I'm really not sure how far it will fall - I just think lower). Afterwards, if the RSI plays along we...
FORMED A NICE FALLING WEDGE WITHIN A FALLING WEDGE TAKING ON THE BREAKOUT ASSESSING SMALLER TIME FRAMES FOR MY RISK ENTRY
DASHBTC is situated into a huge falling wedge since 13 november 2017 untill today. At this market stage we need to be patience,so i get some Dash for long term.I don t know when will broke this downtrend BUT it will broke out because a falling wedge is a reversal pattern(from bearish to bullish) RSI is below 40 on the weekly timeframe which means dash is...
Looking at the 4Hours chart, - maybe we are forming a similar bottom right now as we did on the 15. Dec. 2018. Also the majority on TA and social media is bearish. Let´s see how this will play out. A breakthrough below the 113 level would invalidate this idea.
Nice trend continuation trade setup. Pair has broken below previous structure support and currently forming Cypher pattern. Good potential to see a retest of most recent lows.
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @1.2990 level and move towards the first Target 1 level @ 1.2835 FX:GBPUSD Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still...
Sell taken on Friday January 18th after a rejection at the top of daily structure. Potential Daily retrace candle providing insight into next weeks movement. Currently running one position with the anticipation of more selling opportunities back down to the start of the running channel we've seen in the higher timeframe structure. This may be the start of an...
Let's see if crude will correct down to 49 before it's next rally.
From the looks of price action, Ebay has set us up with a good opportunity to sell this stock.
I am looking to take short positions on AIG around the 43 levels. Watch for rejection as price tests the top trendline.