Bearish to approximately 1.1780. This trade set up is similar to a bump and run reversal, with the exception that the trend line angles are not exactly a prescribed with a bump and run, but the factors that make up the bump and run are still applicable. Expect price to fall to the lead in trendline that also lines up with a respected support zone.
Confluences:...
First of all - let me clearly state that this is solely a EDUCATIONAL IDEA & not a short recommendation - Shorting parabolic bull markets is not recommended especially for beginners and this idea is solely to give you a understanding of what A POTENTIAL blow off top can look like. If you want to show your appreciation for the insight - then i would greatly...
Looks like BITCOIN ( COINBASE:BTCUSD ) is making bearish Bump and Run Reversal, currently it broke the running up channel, making the Bump, when the bump loses momentum, it will start to collapse, and it will comeback into the channel, then breaking the channel it self.
The max target could be where the run started, which is at $3900 area, but it could bounce at...
XRX can be seen as displaying bullish signs, the real question is is this superficial or will these continue. Volume RSI shows strength, however CVI is steadily declining. A large rectangular bottom has formed, with a bump and run present.
0.94 Pearsons R value, Linear regression strong uptrend. Various chart patterns identified including, two bump and run tops, a double top, and currently forming an ascending triangle with a possible bullish breakout as a result. PNC is currently trading within a strong upward channel.
DNZOY is in a long term uptrend, with three bump and runs observed on the monthly chart. MACD is showing possible signs of a reversal, this will happen after consolidation phase (period of indecision) ends and price rises sharply as it has in the past.
