ETH has made a 1.13 retracement and was rejected pretty clearly. This maybe the starts of a Partial-rise which will lead to a break of this broadening pattern and would atleast take ETH down to around $2600
*My first Posted Public Idea*
Confluence Check list
Minimum 3 touches top and bottom✅
In Fibo levels 0.382/0.705 for retracement or breakout ✅
Partial decline or breakout past previous resistance of 182.52 ❏
would love constructive feedback thank you
If we break out of this broadening top pattern to the upside which it looks like we will i think we will se prices pump near 131
Our broadening pattern has a partial decline which indicates a higher chance of a breakout to the upside upon hitting the top trendline.
I will be careful of any price action below the green line now at 126.99 but anything above that...
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 some previous ideas of trying to find the bottom with Vechain, I've decided to wait until a better set up arrives. Now that we've been waiting for some time now, we now have a lot of different patterns that could potentially give us a Blue Sky Breakout , one of the most fun breakout patterns in a ticker.
Some of the patterns are a broadening top pattern,...
With new ATH in TVC:SPX and AMEX:SPY , it is worth to remember that since 2018 such highs are later followed by new lows inside the broadening pattern.
In fact, with current state of macro and fundamentals, new lows (price going ~40% lower!!!) would not be so surprising, and if history is a guide it can happen fast as well. Therefore, buyer beware!
Gold was chopping around in this broadening top formation, and ended up breaking it to the downside. We then tested the previous rising support trend line as new resistance, and were rejected. Gold is now trading underneath the previous rising support trend-line, and is hanging on by a little bit to this 1490 support zone. Ultimately I think Gold heads lower...
We see a large amount of potential in Cannabis stocks as Cannabis has moved from illegal to a multi-billion dollar business. Aurora cannabis is of particular interest as it has grown remarkably as Canada legalised cannabis in Oct 18 and the firm made a number of key aquisitions and is planning the acquisition of Hempco Food and Fiber Inc furthering the firm's...
AUDUSD H1 Broadening Top patterns & Short Setup
SHORT AUDUSD @ 0.724
SL @ 0.727 (30 Pips)
TP @ 0.7186 (54 Pips)
RR: 1.80, SWING Setup!
Enjoy our limited Content and Setups,
leave us a like and Comment!!
Good Luck trading the Broadening Top that just popped after being topped out in the one hour candles with a textbook Diamond !!
This can only be healthy ! CME online this week! strap down for some turbulence !