I am going to short oil here, it made quite the dump the past hours, indicating there is more to come. I am getting in with half now and will wait with the other half for the blue circle. I am also going to use 2 stops here. Yellow circles are my targets and the obvious target at the low. Previous analysis:
ETH' is still extremely weak, as unstoppable as it was in Dec during the rally, it has turned around completely now. Target of the big H&S is at the Dec lows. In the middle we can see a possible bear flag in the making, which is confirming the H&S as well. When we zoom in a bit, it looks like a triangle. I see 2 scenario's for the lower time frame: 1) Red line,...
Nasdaq seems to be in the making of a double top pattern. But it is very important that the bear flag on the right plays out. Otherwise, the double bottom pattern gets too big if the neckline does not break within a day or 2. We had quite rally already the past weeks, so we should see a correction happen soon or a continuation of the bear trend. If the double top...
So after that channel on the right broke we got a decent drop today with good volume as well. However, what that candle does not show, there was a lot of buying volume as well after the last dip. So i am still open for bullish and bearish scenario's at this point. So that big ABC correction i have been talking about since the 3200 low in Dec, is still in play...
So far this one is moving as described in the previous analysis. The H&S played out, the bear flag broke, but still no big dump. Making the bullish version of this analysis in full play. As long as we stay above the green zone, it could play out. What we want to see the coming days or so, is movement between the 30.5 and 32.5ish. That would be the ideal scenario...
On the gbp/aud setup, I see bearish momentum regarding the resistance zone being touched. This is in confluence with resistance trendline + resistance zone + bearish flag. On top of that, 1hr timeframe shows the cross over of MA's so wait for price to break through red MA before entering.
On the right it looks like a small H&S in the making. We had a break of the neckline earlier today already, but the whole market made a stop hunt move and went back up. Because of all the fake moves lately i am not trading the H&S, unless i see some normal movement and not a short/long squeeze. What i am looking for is the bigger picture. If we will see a move...
All of this price action looks very distributive to me. I see a series of ascending channels / bear flags. Nothing for the bulls to get excited about here unless we see a major spike in bull volume.
or maybe just a symmetrical triangle,,,I have brakdown targets for both the bear pennant or just the triangle limit buy is still set up for if we revisit the weekly 200 simple moving average.
D1 - Bullish convergence, currently it looks like a pullback is happening in the form of potential double wave. We have a critical zone that has formed and we may now expect one more push lower with the price reaching this critical zone and then to push higher from there. H1 - Price broke below the bearish flag pattern. We may now look for more bearish...
Not a ton of movement since yesterdays bear break on BTC. Charts are showing a bear flag taking shape so have outlined that here. Bulls made a small bull move with some volume briefly just to see the bear pile in as it approached our first EMA (12 EMA). Bulls really need to get above the EMAs to start to negate this bear flag. Another day of patience and waiting...
Hi guys, I am happy that my previous prediction played out very well. This is how I see where price is going from here onward. There is an obvious downtrend for BTC. By matching this period trend with previous period trend, we have to drop by about 9.35%. That is my target. If this target is achieved, we can confirm a descending triangle. Then we will see a retest...
EURUSD is on its bearish turn, having Bearish Gartley form on daily chart and Head and Shoulders on the 4-hourly chart, right now on the 1 hourly it is on a bearish flag formation. An alternative to my opportunity to engage the trade could be waiting for a bearish harmonic pattern formation to engage the trade within the red eclipse. This Wednesday, 23 Jan 2019,...
The symmetrical triangle has been growing more and more predominant with each day candle and now seems to be the most valid of the current possibilities. The symmetrical triangle itself is a continuation pattern coming off of a recent downtrend so it favors the downside. However, also still currently valid is a diamond bottom pattern(in purple) which usually favor...
USDCAD reversed from Weekly ascending channel's resistance (yellow channel) around 1.3665 last days of 2018 and had 6 days of aggressive selling It is consolidating for last 6 days 4 of last 6 candles were very weak bullish candles and couldn't go above on last bearish candle so the selling pressure is still high there are 2 options to trade this setup : 1)...
We can see a basic bearish wedge/flag here, with volume dropping during this rally. Also against a big resistance zone now. So i am going to short it here and will increase if the wedge breaks and prob increase if the low breaks as well. This position is something i will prob keep for several months.
A double bottom gives counter trend trader an opportunity to long the market up, the overall trend is still bias on the bearish move with ECB President Mario Draghi speech yesterday, promotes a weaker EURO. Have shorted this trade in addition to a great Reward:Risk. If you like to have the exact entry, stops and target just subscribe to us for just $200....
Hopefully everyone enjoyed the weekend! A few days ago I posted about being cautious as we sat up in the mid $3600's after the initial bear break. To me it was likely just a bear flag and we were waiting for our next leg down. We finally got that and bottomed down at $3482 yesterday. Bulls have bounced up towards $3550 here but thus far a rather unimpressive...