The upward movement occurs in a clear channel at confident volumes. Now the price is pressed to the local upper extremes. Based on this, continued growth is now very likely.
On the 4h timeframe a bullish pin-bar was formed. In the near future, it is quite possible to see a good rebound.
On the 1D timeframe, the recent downward movement can be considered as a false breakout of the ascending channel. The local picture is also quite bullish now, on the 4H timeframe. formed an inversed Head and Shoulders. Therefore, at the moment, while the price is within the boundaries of the ascending channel, an upward movement is most likely.
Under the previous idea I wrote about the fact that the price is more likely to continue the upward movement. Now a bullish pennant has formed on the 4 o'clock timeframe, which confirms the bullish mood. Therefore, in the near future, we are likely to see another upward momentum.
An interesting candle is formed on the 1W timeframe. If the close occurs above 9765$, the uptrend is likely to continue. If not, then the stub may be delayed. Therefore, I am waiting for the weekly candle to close for further decisions.
On the 1D timeframe, an upward squeeze is formed, and a triangle with a flat top is formed. My priority is the upward movement as long as the price is kept within the triangle. If the price on the 1D timeframe is fixed below the lower border of the triangle, this will be a signal for correction, but for now the priority is ascending.
A wedge pattern was formed on the 1 hour timeframe. If the price manages to break through the support level of 85.97-87.32$, I expect a further fall.
A wedge pattern is formed on the timeframe of 1 hour and 1 day. I expect the price to drop. Conservative entry into the short - from breaking the lower border of the wedge and/or from breaking the support level of 450.84-458.80$.
On the 1 hour timeframe, the pattern of expanding triangle has formed, which indicates the readiness of the paper to continue the trend for a decrease. I expect a fall if the bears manage to lower the price below the support level of 20.89-21.52$.
On the 1 hour timeframe, the flag trend continuation model is formed. If the lower border of the pattern and the resistance level is 85-87$ are broken, I expect a fall. Conservatively, you can enter the short from breaking the lower border of the flag.
This is my price prediction and I entered a short position carefully considering a solid risk management and stop loss. hopefully comes true.
I expect a breakout and then a pull back to the yellow line. that's the best entry point to short Gold.
As funds sell the big winners this may have more room down, thin volume that can find support around the 270.00 area.
This has moved well and been a nice trade up from the 90s and looks to continue beyond the psych level of 100.Confluence at the fib and VPOC at the 103.50 area can serve as a first target, second above at 110.92.
Consider Lenta's shares on the London stock exchange. A wedge pattern has formed on the 1-month and 1-week timeframe. Globally, I expect this stock to grow .
Hello dear investors and fellow traders! • Comment on last week: The single European currency ended the last week on September 7-12 ambiguously, although by the end of the week the euro rose by 8 points. Macroeconomic data, which came out better than expected, all turned out to be extremely negative, and the new restrictive measures caused by the spread of...
With the plethora of strategies' data one can generate with TradingView's tools and indicators, the risk of being overwhelmed by information is becoming a real issue, with the consequence of losing precious strategies' settings and backtest results, hence making bad trading decisions. As one period's market condition is likely not the same as the previous one or...
Gold H4 - Mixed signals from gold at the moment, currently consolidating after a nice selloff on our H4 support region (H&S we marked y'day). We have had a couple of attempts to push higher, but seems we have formed a consolidation range (effectively our flag). Waiting to see if we crack below this 1928 region to set new lows and break support, from here on the...