W1 - Double wave down, price reached a critical zone formed by the fibo level of the cycle and the psychological area 0.65 and is currently moving higher. Bullish divergence.
H4 - Bullish hidden divergence.
H1 - Price is moving inside a bullish flag pattern, if the price breaks above the top of this pattern we may then start looking for buys with more bullish evidences.
There are mixed signals, with OBV not following the same uptrend as the RSI.
If we break this resistance with above average volume, that would be a great signal.
could be a buying opportunity if some sort of lower degree corrections appears near the upper trend channel (or ideally, after trend channel break out)
note wave 2 or B could be more complex
A few days ago i posted a message in my channels to explain why i wasn't around much lately and that it will be like that coming period, but trying to post some updates here and there. Today i will write an analysis but will keep it short though.
The past week the market has been indecisive through a triangle and now a possible double bottom. A few days ago i...
1 minute ago
Price is in two conflicting chart patterns
Bullish flag is a bullish continuation range pattern
Descending Triangle is a bearish pattern
We are able to let the market decide this conflict and trade on a daily close in the markets direction.
Ranges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns....
The price has formed a bullish flag with MACD support, so this should be a good time to enter the buy and head to the fibo level of 100.
Comment your ideas!
At the point B of the Bullish Gartley or Deep Gartley, it could be an ABCD Pattern, if that happens and the market had a bearish run, it will be a Gartley pattern instead of a deep Gartley pattern.
Having the Gartley pattern form it gives me a third chance entry to long, if market break and close above the resistance(red line) is likely to extend higher...
Potential Bull Flag waiting to play out on the BTC
CME Futures
Expecting overall decline in volume to continue
until bottom of flag is tapped again and the
CME Gap (green circle) is filled
1M candle printing out an attractive inverted
hammer for August to add conviction to my
bullish bias
This implies we continue upward
after filling the gap and buyers...
My last publish from yesterday analyzed a bull flag on the 1 hour chart - it broke out last night. This chart is the 4 hour, but as you can see, that long-term trend line dating back to December is creating issues for it rising any higher.
I think this morning's non-farm payroll and then Powell's speech will determine if ES and SPY have enough gas in the tank to...
Part of being a good trader is to recognize when you are wrong, and adapt accordingly.
It's been a wild ride this month, and I have stayed bearish the whole time... until today when I became neutral. But should I just go against my gut (for now) and go bullish? I'm thinking so. At least in the short term ( a month or so).
I still think a good size correction is...
The Price has been forming a bullish flag so we are expeting the Price to break the resistance in order to enter the buy.
MACD shows a change of trend
Comment your ideas!
If you happened to be in our live session you will get to see what's my trade plan for this, a great 52pips run for those who have long at the base of the flag pattern. You can still watch it tonight at 1808hr on my facebook link at the signature.
An upward breakout has been confirmed, for traders who were waiting for fibonacci retracement, here's your...
At Home Group is a very beaten down stock due to the trade war and these levels is a great buy from a fundamental stand point.The charts seem to be pointing to a new bull market. A bull flag pattern seems to be forming on the daily charts; the volume is not perfect, ideally the green candles on the pole should be significantly larger than the red candles on the...
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