Beautiful harmonics inside of a possible ascending channel. We'll see if this channel holds if the current Bullish Bat formation develops and plays nice as it's ancestors. Currently aggressive traders take short position of C Bat leg with SL above C. Overall trend is reversing from long term Bear. Shall we see if the Bearish Butterfly Double Bottom would paint a...
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern. This alone sets the target price at 279.25. In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263. On Balance Volume (OBV) also remains in a very positive upward trend.
Daily chart forming ascending triangle (BULLISH triangle) and it's all most ready for big movement. Need few more days for confirmation. 31 MA is the main support. Most indicators are bullish.
As I point out in the chart, MRK is in a very tight consolidation here. With the RSI holding inside of bullish territory after it's recent bounce off the 150EMA it has run into previous resistance. This resistance coincides with a sort of ascending triangle based on the higher-lows it has been making since March '14. This pattern comes to us after a long run up...
There was a recent break of a triangle pattern to the upside. After a kiss of the trend line, TSL should look to retest 15.50 given an equal distance move from the base of this triangle pattern.
This chart is a minor re-draw of the chart originally published by chrisdunntv. Changed the following: 1) Moved blue lines to touch candle wick lows and highs. You still have two touches on the ascending blue support line and the descending blue resistance line. I believe this better reflects the recent weakness in the bitcoin price as highlighted in the yellow...
CADCHF is still trading in channel. The 833 level seems to be a strong res. PA is currently trading at 835 levels and still no strength to make new highs. With nice RSI divergence a ret. to 8284 or 824 should happen soon.
GBPCHF is trading in an ascending channel, bullish trend. PA reached the top boundary and 127.2 ext of previous high on very strong impulse leg from the bottom channel boundary. Although the 113 ext at 52 provides support last week the breach is likely to test 5122. The support can be observed on the RSI too (red TL).
After the sell-off from almost 40, EU ended close to 37 handle, failing to create new low. Same happened beginning April after the rally to 396, EU failed to close below 37. The PA is in the lower half (below median channel line) of the channel and possible completion of bullish gartley. Conclusion: The 37 handle has been a strong S/R level in 2014. Now, close to...