It is expected that after breaking the dynamic resistance, an upward trend will be formed. Be sure to enter the trade after a valid failure.
• TSLA just reached another resistance level, after breaking its previous resistance at $177, as mentioned on my previous public analysis (link below this post); • Although it just hit another resistance level at $191, there’s no top signal, nor bearish reversal structure on TSLA yet. Even if we see TSLA dropping, the trend would still remain bullish – remember,...
LTC has been on a massive move over the last couple of weeks, arguably in anticipation of the LTC halving. After a week of sideways movement, LTC has finally broken out of the bull-flag pattern and is resuming upwards. First target at the most recent local top, second target at 100.
It seems to making a bullish flag on the daily chart. Could we maybe see a 5th leg down , before breaking out ? And perhaps rally back to 1 of the supply zone. I should wait for a breakout first or a 5th leg down to get more confirmation .
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ED has shown structural similarities to that of a bullflag It is showing also a W type structure that will lead to a breakout of the right arm of the W, supporting the bullflag theory Breakout?
Measured move suggest a30% move to the upside, there are also other layers of multiple confluence but we will save that for another day ...
In my latest BTC analysis I talked about the bearish channel in which Bitcoin was trading. My expectation was a move downwards, since the market looked more bearish than bullish. After a quick drop, BTC recovered again on regional banking failures. With yesterday's FOMC meeting rising the interest rates by another 0.25%, the risks of more (regional) banks...
POTENTIAL BULLISH ENTRY Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues) Formation of the bullish flag (continuation pattern) ENTRY, SL & TP Levels are defined.
On closer analysis of the GBPUSD on a higher timeframe, it is evident that the candlestick has closed above the previous high, thereby confirming the bullish trend of the currency. However, one must exercise caution before diving in, as the current market price is currently situated on the weekly chart supply zone, which traditionally indicates a sell zone....
A strong bullflag has formed Currently it is above some major trend lines so ill assume it will breakout above these lines, as indicated by the bars pattern Daily chart The bullflag is in the channel.
Bull Flag made and pins started, need to see one more pin to confirm this, Then I see 45K as a top of this run before a support confirmation later, If we do not see the 3rd pin form then this could be traping more longs and then down we go. BTC has been all over the place so we have to keep our eyes on the news and charts every 4 hours, I Love seeing the...
POTENTIAL BULLISH ENTRY Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues) Formation of bullish flag coupled (continuation pattern) SL & TP Levels are defined.
TNYA has been in consolidation the past two days being in the flag of a bull flag pattern on the 1H chart. Earnings about six weeks ago were solid especially for a biotechnology stock which are generally priced based on future potential and not current performance. ( Fundamentally TNYA is in the gene splicing /slicing place which is perhaps the most...
NYSE:SONY on the Monthly Timeframe is breaking out of a Descending Channel while confirming Hidden Bullish Divergence and Bullishly Crossing over on the MACD and the RSI enters the Bullish Control Zone; the next obvious target would be between 150 and 177 Dollars as that would be the completion of an AB=CD Harmonic Pattern. One last thing to note on the side is...
hello traders gold has shifted the tide there is a buy pressure may be a new high on gold because what is going on the fiat currency also the daily the weekly also the monthly suggests bullish condition we have a flag pattern but it can easily be a triangle but now i see this lets see how it play out always wait the candle to close after the breakout ,
POTENTIAL BULLISH ENTRY Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues) Formation of bullish flag coupled (continuation pattern) and double bottom coupled with bullish divergence SL & TP Levels are defined.
Yes, we are in the middle of something, let me explain. we have a well formed rising wedge that is a bearish pattern, inside of an giant bull flag in theory we should se that pattern ending but that pattern is inside of 3 symmetrical triangles, one confirmes another 2 close to be confirmed, the symmetrical triangle is a reversal confirmation, so we should see a...