Sushi looks to be forming a Broadening Top pattern with an inverse Head & Shoulders pattern.
Sushi is currently down about 5% on the 24 hr time-frame.
Still hasn't gotten its time to shine just yet this Bull Run.
I expect to see some big things from Sushi over the next month.
XTZ on larger time frame is still focused on completing the broadening wedge, rather than dipping out. In this monday dip every coin seem to break out negatively on the pattern they were busy with, but not XTZ. XTZ went not even out of the uptrend range within the broadening wedge as you can see. Very promising!
#ZN1! #10YearTNote #Weekly #CBOT
- I took a deep look into the 10-year Treasury Note, futures commodity. The chart above is weekly.
- In Elliott Wave Theory perspective, an assumption has been made that the bullish wave starting from the swing low at 117’13’5 to the swing high at 140’20’0 as am impulsive 5-3-5-3-5 zig zag wave structure.
- With that said, I am...
The market is currently bullish, and it continues to be bullish until the market says otherwise.
This idea is not to try to be a fortune teller, telling the market what to do,
but a possible scenario that could happen so if the market is deciding to act on it, we will have it in our mind and follow its bidding to the downside.
The trend is your friend, so...
1st tgt 710
2nd tgt 718
3rd tgt possible 720+
Short, or wait for re test.
Re long at retest 695-705.
next tgt, 725, 734, 762
Need hard push through 777 to possibly return to 800
pattern no longer valid below 650
short tgts, 638, 633, 625, 618, 602
This is my analysis of the market, specifically the S&P 500. Indicators and fundamentals that point to a massive drop. The formation identified is called a Broadening Formation (aka Megaphone Formation)
Here's the link to better explain the formation in detail - www.investopedia.com
As stated in the video, if you have a...
Oil is currently in a broadening wedge, unless it manages to break out of the wedge it will eventually have to come back down. I put emphasis on eventually it can stay at that upper trendline for a while. Wait for confirmation before entering any shorts. First look for divergences in your preferred indicators then, wait for a MA crossover so you don't get...
Broadening Formations, Right-Angled and Ascending: Trading Tips
Measure rule: Compute the height from the highest peak (point A in the Measure Rule figure to the right) to the horizontal trendline (B) and multiply it by the above 'percentage meeting price target.' Add the result to the highest peak (A, upward breakouts) or...
First of all excuse my english, plus, this is my first ever Tradingview idea I decided to publish. Yay!
These days everyone talking about bear market is about to hit us, so I was like let me check $DJI and see if I can figure something :D
I consider myself a beginner with technical charts & I really like classical pattern trading so I wanted to...
After the gap up opening tonight, S&P500 displays a cautious but noticeable uptrend in a broadening range. Expect slowly increasing volatility, but with proper entry and exit points, this does provide an opportunity to make profits both on the way up and on the way down.
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 71%
TARGET (EXIT) PRICE = 18.49 USD
BREAKOUT (ENTRY) PRICE = 19.51 USD
DISTANCE TO TARGET PRICE = 4.45%
EMERGED ON = Nov 09, 07:00 AM (EST)
CONFIRMED ON = Nov 10, 10:11 AM (EST)
WITH CONFIDENCE LEVEL = 78%
The Broadening Top pattern forms when a security...