Ascending scallop forming and ready to rip. When this breaks out its gone and should easily rip through all of the TP's. I'm going to assume from now that there will be another scallop to form right behind this one after the target is reached. Thats just a guess as whats next don't quote that. Check out the chart and always back check to make sure the trend is solid!
In this Idea I am illustrating how as we form the rounded bottom of the ascending scallop the support and resistance converge. We all know that previous support becomes resistance, but it has not been illustrated in such a manner. There is a chance that it may consolidate through the bottom support and delay its rise, but it will still rise. The biggest factor at...
In this idea I threw together a little fractal projection to outline what I expect to see from Pundi in the short term. This is a coin I recently got into and looks to have great growth potential.
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In this idea I toy with some cycles and with a very basic chart pattern. This is a perfect specimen of an ascending scallop. Measurements are to soft exits to insure exit. One might say a pyramid style scale in with an inverted scale out would be the best way to utilize these targets to see max profits. This is a good example of the trades that I drop for my...
POSSIBLE PATTERN :
- ASCENDING SCALLOP
- CUP AND HANDLE
※ DON'T FORGET TO USE TRAILING STOP 5%
※ ENTRY BUY:
- BUY ON BREAK OUT: 816 - 817
- ENTRY BUY AT RANGE PRICE OF 755 - 785
(CLOSEST RESISTANCE TO BE BREAK IS AT 815)
※ TARGET PROFIT 1: 865 (FIBONACCI...
We are have completed a Minor set of Descending scallops and now should see a trend reversal into a set of Minor Ascending scallops. These two Minor sets will complete the Sub Major Ascending scallop. Currently we are creating the rounded bottom of the Sub Major Ascending scallop.
This move is correlating well with the impending XRP snapshot for the Flare...
This is an example
It may not look very strong or bullish
It may look like it is proped up on nothing
But this is a very bullish structure
Looking for bullish continuation of the green fib wave according to my fib waves idea.
Dayang telah membuat breakout new high pada jumaat yang lalu. Adakah akan meneruskan perdakian dan membentuk pattern ascending scallop atau pun membuat pattern cup and handle? Cup sudah pun siap. Price target long swing 2.72. Sama-sama kita follow rapat dan sediakan trading plan ya. (Sekadar kajian dan pembelajaran).
Reason(s) for Trade:
Stock was moving upside
Stock regarded the Resistance (15Min) and bounced back.
Breakout? If stock back to upside move and break the resistance, it can give a good move.
Buy if goes above 1285.10
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What started off as seeing an ascending scallop turned into the possibility of a cup n' handle pattern.... Possible the handle's retracement would bounce off the 8-8.5k range.
drew some recent trend lines as well as lines from a few months ago.
What do you think?
LINK/BTC is showing what looks like a very strong long-term ascending scallop; it wants to go hugely parabolic.
based on the intersections between this fib extension and the scallop's trendline, we have the following targets (in BTC):
trade at your own risk.