The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
According to my wave count, BTCUSDT is finishing an 5th wave expanded in an ending diagonal to complete wave 5 of the actual bearish impulsive wave of this cyclical bear market.
Hello traders. On this 4H analysis of EURNZD, we have the formation of a broadening triangle. Price has recently been rejected from the resistance level in the 1.71000 region. If this level is retested, a good entry reason for this short position would be the confirmation of a trend reversal pattern or a candlestick reversal pattern. Upon confirmation of a...
Hello traders. On this 4H analysis of AUDUSD, we have the formation of a broadening triangle. Price has recently been rejected from the support level in the 0.68500 region. This level may or may not be retested. The projected target would be the resistance level in the 0.70000 region or the 0.71300 region. If price breaks through the support level in the 0.68500...
An echo of the Monthly Broadening Wedge, the 4-hour broke bull on the surprise Jobs Report.
Hi traders. A upward leg CD of a bearish Gartley Harmonic AB=CD in a concise golden mean ratio, as a move to make a double bottom, can be expected from this throwback reversal breakout of a broadening triangle. A rare combination with a total Fibonacci confluence. Good intraday trade. Stop at C point.
Hi traders. A short position at 78.6% for the day trade Is in conforms to the final leg of this broadening triangle, in confluence with the expected BTCUSDT HEAD-AND-SHOULDERS' correction.☕
I'm recognising a shprt brodcasting broadening wedge
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!
Based on the 4hr timeframe we could see there is a potential reversal pattern for USDCAD. We could see USDCAD rotate higher as there is an inverted shoulders head pattern / broadening pattern. Price already broken above the resistance. We are going to time our entry on the pullback or retest of support. If prices continue going up, we will skip this trade and...
i will sell this pair if i see down daily candle (price action) because it reached Historical Supply zone and the upper trend of the broadening pattern
AUDUSD - Watch the Broadening Triangle Read more...
Descending broadening triangle formation on the daily chart of ETH(coinbase). Watch out for major support line(red), breaking it could be a disaster!