In the wake of the latest US CPI report, where headline inflation clocked in at 7.9% y/y (as expected), continuing to run at 40-year highs, USD/JPY has been trending higher.
The Federal Reserve is expected to commence its tightening cycle next week by raising interest rates. Its balance sheet is also no longer expanding. Front-end Treasury yields are on the rise,...
We have an Ascending Triangle here on the weekly Timeframe and we are looking to target the 1.618 extension which would be the AB=CD BAMM Target from here upon breaking 500k. We are also showing Bullish Convergence on the MACD and Hidden Bullish Divergence on the RSI above the Breakout Point of the pattern.
In the times like this where uncertainty, doubt and fear takes the market, smart money comes in and pushes the market up.
After every bull market that we had since the beginning of the BTC we had consolidation phase in the shape of ascending triangle.
After the first bull-run from the breakout we had 1100%, after the second 350% and if we continue that growth BTC...
The price had a breakout from the daily dynamic resistance and got a rejection from 0.24 where you can see the purple structure and monthly resistance.
The market lost the weekly support and now the price is testing the 0.5 Fibonacci level on the daily timeframe.
On the 4h timeframe, the price is creating an ascending channel and now the market is testing the...
Wrote about this stock earlier today or yesterday.
Continued volatility within LNG should make commodity transporters like $GLOP skyrocket.
Large cup and handle and ascending triangle shows this name is getting ready for it's 15 minutes of fame.
On the upper chart, we can see the daily timeframe where the price got rejections from the dynamic resistance and the weekly one on 3k.
The price is testing a daily support and the market is trying to hold it on 2560$
On the lower timeframe the price is going to retest the previous zone as new resistance, we could see a pullback on 2610-2640.
How to approach?
We...
Blooming updates on BTC, we have a massive ascending triangle for BTC on the hourly. We got a nice bounce off right at the bottom support. Using Elliot wave theory and wave analysis is applied as this could be a one possible outcome. Which is Wave F and the technical target we have is around 52K ish BTC. Overhead resistance 45k zone as mark on my charts (blue...
BTC is trading in an ascending triangle since January 22. It just closed slightly above the bullish trendline & support level at $38K .
If this line breaks, next stop is $35k.
If $44k resistance breaks we will see soon $50k.
I expect a drop a drop near $35k or a little lower.
On the daily timeframe we have this beautiful ascending triangle.
As we all know ascending triangle is bullish pattern and it's very high probability to break to the upside.
However we may go down to retest support line before we break to the upside.
The target of this pattern is 55.3K which is in perfect confluence with the golden pocket.
What do you think about...
Hi every one
UKOIL
UKOIL has formed an ascending triangle this means that the price can easily increase as much as the measured price movement(AB=CD)but only after the expected breakout happens! also on MACD we can see that the MACD line (blue line) is closing in to the signal line (red line) for crossing it upwardly which is also a bullish sign! we can expect a...
in 4h Chart Pattern BabyDoge Created Ascending Triangle
Ascending Triangle Mostly Breakout With Up , But Both Scenario Available
Support And Resistance Available.
USOIL on the daily chart is in a strong bullish trend.
The price is trading below a daily resistance and above an ascending trendline in an ascending triangle pattern.
How can we approach this scenario?
The current european-russian situation put the energy markets under high pressure and increased volatility.
We will check if the price will break above the...
Quick and dirty BTC/USD 1hr chart update.
BTC has found support from its Bollinger Bands Middle Band Basis 20 Period SMA on this 1hr timeframe. Note that we have expansion of the Upper and Lower Bollinger Bands and this expansion is for Positive Momentum.
BTC is also back above its Least Squares Moving Average (LSMA) for this 1h timeframe. A close above the LSMA...
Hello every one
BRITISH POUND / AUSTRALIAN DOLLAR
🟡let's Take a Look at Forex after a Long Time Shall we? So GBP/AUD has formed an Ascending Triangle and It's not Looking Good for a Break out Right now Because The Price has Regular Bearish Divergences (-RD) on Both MACD and RSI Indicators which means There is Still Time For Correction & We can't See a Break out...
Price is currently in an ascending triangle. Watch for breakout of flat upper trendline. If price fails to break above flat upper trendline and breaks the rising lower trendline below, then this idea becomes invalidated and can expect price to drop around 1920-1910 area. Trade cautiously always use a stop loss and never risk more than you can afford to lose.
