Main items we can see on the 4HS chart: a) From the Historical Higher High at 7200 the price made a bearish movement and found support at 4800 b) From there we observed a bullish movement towards the Broken ascending trendlines of the previous ascending motive waves c) The structure that we can see is a Wedge Pattern doing a pullback to the previous...
Use this as a guide for developing your view of the situation: Main items we can see on the 4HS chart a) The price made a pullback on the broken weekly Chanel b) The Pull-back structure is broken c) Currently, the price is on a flag pattern d) We expect a bearish movement towards the next Support zone if the price breaks with a clear candlestick the...
Ascending triangle breakout, similar to many other asset class at the moment, there's major shift of sentiment going on. ###This is not an investment advice, trade with care with your own risk!###
Use this as a guide to develop your view of the chart. Main items we can see on the Daily Chart: a) The main structure is an ascending channel b) After the price reached the Weekly resistance zone, we saw a huge sell-off on the index. c) Currently, the price is on a massive support zone d) From there we expect a pullback to the broken ascending channel...
Use this as a guide to develop your setup. Main Items we can see on the Weekly Chart: a)The price is against a significant reversal zone with the possibility of making a double top pattern. b)At the same time, the price is inside an ascending channel since 2009 and currently is against the upper trendline. c)If these two technical points work as resistance...
4H Chart Explanation: - Price bounced on the Support Zone. - Price broke the Descending Trendline. - Now, it has potential to move up towards the Resistance Zones. However, in the Long Term we have a short view. Take a look! Weekly Vision: Daily Vision: Updates coming soon!
Daily Chart Explanation: - Price is against the Weekly Ascending Trendline. - Price is on a Micro Ascending Trendline. - Bearish Divergence on MACD. - If price breaks the Ascending Channel at 6740, potential to move down towards the Support Zone at 6400 and, then, to the Bottom of the Ascending Trendline at 5620. Our Weekly View support this idea. Check it...
Price is approaching to August 2018 High - that is power level. The huge chance that price will bounce from it. I wait on fake broke of 6381 Potential profit could be in 5 - 10 times bigger that a risk
ASX200 has broken out of a bullish flag pattern.