The dollar index has formed a full Elliot wave. It is forming an correction in the form of ABCDE. We expect the pair to complete its correction and resume its upward rally.
Hey Crypto Knights. In this current phase of calls for 5k, 3k, 2k... and some full beartards saying crypto dead... I'll just put this out there as a way we might begin to climb a ladder out of the full on bargain basement, via ascending right triangle. Do they always launch? No. But there are indicators along the way. Here's a little info from Investopedia -- ...
Bad day for ETC, but great for anyone looking for an entry on this future Coinbase add! I am eyeing the former ascending triangle resistance as new support. Especially with very low indicators. I will stop out of this trade below that support or if Bitcoin starts doing crazy things that bring the whole market down. I am looking at placing an order at .002554.
CADJPY 0.16% Ascending Triangle Details on the chart. Happy Trading!
On the weekend BTC and ETH were busy showing off their strength while dragging around their seemingly dead buddies LTC, BCH, EOS and IOT like puppets. Lets review the current possibilities. After a golden cross on H1 on all major pairs, Bitcoin holds the up trend above EMAs for about a week, expecting a golden cross on H4 soon. A proper H4 golden cross (with EMAs...
USDCHF Inverse H&S & Ascending Triangle. Waiting for a break above the neckline and close above resistance zone to confirm this setup. Happy Trading!
Fellow traders, here is my updated idea on what the Dow might be in for, given unfolding patterns- although small Elliott 'microwaves' have appeared in the past week, they are chaotic and unreliable; instead we have what looks like a truncated flat contracting 'B' wave in A-B-C Elliott Wave correction; An argument can be made for a minor 1-2-3 impulse over past...
ETH has been held down by descending resistance (orange line) since its last run up on May 5th. It has finally broken free of it, but we want to confirm it's not a throw-over first. I'll be very bullish if we correct out of this ascending wedge and bounce off either green box. Preferably the lower one, as we could get a wick below the orange line to test the...
AMB has formed an ascending triangle on the 4 hour timeframe. Generally, this is a bullish continuation pattern and due to multiple other indications on other time frames, it can be seen that AMB is attempting to move into an uptrend (at least across the smaller timeframes under 1D) The stochastic RSI and the MACD both have a bull cross and they are indicating...
An Ascending Wedge is forming on the 4hr chart. Since we have recently turned bullish with lower lows and higher highs, I don't imagine we will break through the strong resistance at 6340.
Now, obviously, gold as every other asset is affected by the all the kind of news that the media discloses. But looking in the 3-5 year span, it's impossible to predict what sort of news will be around, so we'll just assume for now, that it would be a zero-sum game(no gain or loss from news). However, I'll just mention the current strong trends happening with...
Indecision for EURGBP pair, still in a consolidation phase, but lately it formed an ascending triangle pattern which is very bullish but we need to see a breakout. We need to be patient until we see that breakout; if it falls under the lower trendline it means that bullish momentum is falling and probably we will see a bearish move.
D1 - Hidden Bullish Divergence H4 - Ascending triangle pattern. Basically we are looking for a breakout above the resistance of the triangle for buys.
taking a long position on breakout of ascending triangle, take profit at 200sma, roll stops, see what happens at 200sma.. trade the breakout.
On a higher time frame H4 and Daily, price closed above 1.618 extension of last up swing and aiming towards 2 and 2.24 levels. When zoomed into smaller time frame M15, found Ascending Triangle suggesting a possible breakout upwards. More aggressive traders can consider taking trade on the M15 time frame if price closes outside the triangle, Entry: M15 candle...
EURAUD Ascending Triangle
It looks like the price has managed to breakout the ascending triangle over the last couple of trading days. This is a significant move outside the triangle and shows that the resistance level has been broken, as predicted in an earlier post, either the price would breakout and keep rising or the price would make its way back and bounce (the RSI is supporting the...
Ascending wedge on the Daily; Wave 5 Ascending wedge; Hit overbought on RSI 4 times on the Daily; Godmode firing Short onthe Daily... 4 Hour RSI topped previously indicating a Wave 3, now in Wave 5; Godmode firing short... Previous Wave 4 range between 8271 and 7005..