EURJPY reversed from the third touch of the bigger pattern in play and there was a short entry already from the top.
The next best place to enter is after the break of the ascending wedge and a retest. Will update closer to the time,
Theta has been printing an ascending broadening wedge since March 10th. The price is currently sitting in a nice symmetrical triangle. The market as a whole seems bullish right now so there is a high chance that we see this triangle break up. In the short term I am targeting local highs. I think we could see price in the $22.00 range (Fib Extension) by the first...
Who knows where GME will end up in the future.
Short interest is either back to a normal percent or being underreported and there is a negative beta which is super weird. There are still plenty of $800 contracts for the 19th and decent Q4 earnings for 2020 coming up on the 23rd. Earnings could be a potential price mover, but in my current opinion GME will not...
Throughout the last one month, I noticed that US10Y has been trading within an ascending broadening wedge chart pattern, and has been respecting the two diverging bullish lines that form its dynamic support and resistance extremely well.
After bouncing off the dynamic support of the ascending broadening wedge, US10Y is now halfway through its growth towards the...
Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
Decision time. Decision time..
We have an ascending broadening wedge pattern forming on the 4hr.
What’s interesting is that we have an inverse head and shoulders pattern forming within this wedge. This gives us a mix signal of a bullish short-term and a bearish mid-term.
Outlook: short-term, we may see some continued support to the upside...
side by side here. 1h and 4h.
for the risk oriented . possible double bottom can lead to huge W pattern breakout to 62K!!
on the 4h we are in an ascending broadening wedge breaks bearish 52% of the time as per thepatternsite.com
learn more at thepatternsite.com
RSI Bearish divergence,
Psychological resistance at 2k,
Well beyond ATH,
Potential cup and handle,
400% Fib Extension.
I can't wrap my head around a short term bull argument right now.
Hello everyone, I hope you all enjoyed your three day weekend! Here is my analysis on Tesla, please let me know in the comments below on what you think of this video.
This is not financial advice it is up to you on what you want to take on it but I would love feedback. The purpose of these videos is to help educate the public on how I see trading.
I also want to...
We seem to be having significant bearish reactions every time we hit the top of the channel, It also looks like the RSI is struggling to make higher highs near overbought levels; Pair that with less than stellar earnings and you've got yourself a decent reason to enter a bearish position.
Formation of an ascending broadening wedge after a trough
This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. Resumption of the bearish movement after correction.
The break in the...
Still bullish or Bearish? there are two possible continuation , if BTC will go to the below EMA 200 period And close there there is high possibility to bearish continuation .
if EMA will reject the price strongly and start to moving up and break the Dynamic bearish trend line as you see in the chart it will retest the 40K Again.
what do you think Bearish or Bullish?