NZD/USD has been bullish as of recently so we follow trend continuation. We are currently in a corrective state, but approaching structure levels. We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave. We can also see a large bull flag formation. If this...
Sunday we had the chance to break the 4100, make a (short) term reversal but even though everything was in reach the bulls were too weak and lost the fight. Since that rejection at 4100 we started to drop again and the bears slowly took control again. However this time the bulls stepped in around the 3500 several times the past few days defending that level and...
Our last trade was a long entry based on a Bullish Alt BAt Harmonic Pattern. Trade reached its targets. - see attached - The pair is printing a Bullish Flag pattern on the H4 Chart Time Frame. The bullish breakout of the flag is the fresh buying opportunity. We have published a detailed Sterling Forecast. You may like to take a look before the week starts -...
NZDUSD putting in a continuation bullish flag to the upside.
A potential flag formation forming up, with great reward:risk if you are using the bottom of the base flag to engage the trade. Will engaged the trade and expect the trade to move slower than expected as the market seems to slow down. Do note the consolidation may look small, but is a good 40+pips.
At the 3-hours timeframe we can see a formed triangle and a subsequent upward movement in a pattern of a Bullish Flag. Nevertheless fluctuations are too low to make a good profit and the market is too risky right now. Currently indicators are bearish nevertheless Impulsive growth can bring the price to the top of the triangle and form a Flag in a Ichimoku clouds...
Bull Flag formation in down trend. Look for further retracement before bullish move. Break out of resistance of bull flag is bullish sign
XRP is still making what looks like a halve baked upwards breakout. Still no volume during the upwards movement, but looking back at the past few days the volume won't kick in until the red resistance breaks around the 0.47ish. I kept warning for the low volume breakout the past few days and eventually we saw the price drop again because of that. As we can see,...
Patience pays off, waiting for the right moment to get in. In my previous analysis i showed the possible bear trap move and that a break of the red resistance on the right would be a confirmation. Also mentioned that we still needed to see an increase in volume, it's exactly that what we have seen today. From the looks of it, we might see a break of this triangle...
Fantastic to see today's (November 5th) xrprice action do exaclty what I have been predicting this whole bull flag it would do. Not only did the initial breakout reach the small 4hr chart inverted h&s breakout target it then continued up after triggering the diamond pattern and on the way there found resistance exactly at the long astanding diagnoal ascending...
Hello guys, this looks interesting, 196.80 is the resistance right now, we are consolidating below it, could be a sign of a near breakout. If I'm right with my flagpole price range, the next advance would probably reach 200 (blue rectangle). So let's just wait and see if this isn't another bear trap like we are used too ! vOid
The golden cross is now being shown on the 1 day chart. We also closed the last 1 day candle above the top trendline of the bull flag we have been consolidating in. I anticipate a confirmation of a bullish breakout of the bull flag on the current 1 day candle. We also have closed above a 4hr chart inverted head and shoulder pattern that had developed inside the 1...
Bitcoin: As the market plays out we can see that the falling wedge may now be turning into a larger bullish flag. For the short term, BTCUSDT is in a bearish ascending wedge on the shorter tf. Stochastic and RSI still has room to the downside so we may have a slight correction back to our $6700 support. If we don't find support at $6700, a smaller descending...
1 of my favourite sideways formation but it comes with a complication with this setup up, as it prone to upside movement. However, the overall trend based on H4 chart it is still a Downtrend movement. Exact Stops and Targets shared to my inner-circle
The pink count suggests wave c has completed a zigzag correction, sub wave b of the zigzag is a running flat. Another solid push above wave b high could lead to a potential buy opportunity.
As the price action on the daily char continues, we can see the bull flag xrp is in is looking very likely that it could break upward. For many many days now the price has been moving steadily sideways keeping the trajectory of the 200ma(in blue) and the 50ma(in orange) completely in tact...I haven't had to readjust the angle of either of their hyphenated...
Ticker: AMEX:SPY Timerframe: Monthly/100+ Years Done out of boredom, I don't trade the S&P or any stocks yet. Just toying with the idea of repetition. More so interested to see the long term convergence/divergence with the pattern. Short Term: Bear Long Term: Bull