I am nervous about this reversing to the downside since it's on the end of several 5 wave counts but if it makes 3 point box shape with the wxyxz pattern then the right corner around 24 would be a good spot to scalp long.
Since you have two other points to define the bottom of the box it allows for a small stop to be used and even though the target is close by at...
I am looking forward this week for short opportunities on EUR/JPY pair. Waiting for a potentiall bearish break of the box and a retest with any candlestick pattern to continue the downtrend.
*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which...
Here we have the Ethereum perpetual contract over on the ByBit exchange on a 15 minute time peroid. This chart contains four gann fans arranged into a box configuration which created a octagram (Or what i like to call an octa-gann).
Box token recently retraced most of its pump earlier this year, lost old trend line before bouncing solidly off supply region
Now ranging between old trendline and supply zone, if can reclaim old trendline expect fireworks coming into mid september
bullish divergence forming from the end of the retrace until this capitulation zone
As you can see, the FX:EURUSD is stuck in a box since few weeks.
The best scenario to buy the pair for a LONGTERM Bullish trend will be if the price get out of the box crossing our favorite 200 EMA line. It will be a big signal for long position.
For the moment, we dont know if the price can go lower or if buyers will push it to the top of the box. (so...
MONTHLY: HUGE BEARISH ENGULFING CANDLESTICK, ENGULFING THE LAST 4 MONTHS CANDLES
WEEKLY: SIGNIFICANT TRENDLINE BREAK
DAILY: PRICE STUCK IN THE BOX, WAITING TO RETEST THE BROKEN SUPP WHICH ALSO CORRELATES WITH FIBONACCI GOLDEN POCKET
#TRADESAFE GUYS, I'LL CATCH YOU REALLY SOON
Good Morning Traders, so today i am looking to short NYSE:BOX, we are gapping down due to earnings, it broke a macro trendline and we retrace the whole year highs, i am looking to short around USD15.00 if it confirms to keep coming down, we have a window all way to 13.62 and after that all way to 9USD area, good luck!
Remember that this is for educational purposes only.
Pure technically this pair is plotting opportunity for box trade - nice break above the box, pullback to its upper area and then shoot up again.
But there's always a but. USD PMI on Monday and RBA rates on Wednesday can spoil this nice picture.
Put on radar and if there will be time to monitor it closely, execute trade(s).
Disclaimer: this idea is solely for my...
ETSY has been consolidating within a standard box pattern for the past several weeks, and has broken out of its initial trend line resistance, ready to test the upper region of the box at 73.50-74. Whether or not it breaks from there remains to be seen, but a test of 74 would yield 3+ points per share. Not a bad return.