Tesla has formed an upward sloping trend channel and is currently at the bottom of the channel.
It's currently at a minor resistance level, so it could break the channel Monday. If it does, look for breach of the 203-205 support zone to confirm an oscillation down to support at 188, forming a triangle chart pattern.
Alternatively, we could bounce off the bottom...
CNN Business - The World is on a brink of a Trade War
US impose tariffs on $50 Billion worth of Chinese Exports
Chinese quickly outlined new import taxes on US Products worth $3 Billion
Result is a drop in the Dollar Index
Benefit of this is when Dollar drops precious metal pop
Gold broke bullish out of descending wedge but too late to enter
Silver has given us...
Currency Pair: USD/JPY
Date: May 03, 2019
This is an application of the few rules I have learned about trading forex.
- Support and Resistance
- Pattern Trading
- Price Action
Some thought on this pair:
The pair is kind of wedging up. It is creating a point of pressure in that price will have to either do one of three things.
With EURNZD Breaking out of a channel after hitting a double Bottom we can see that it has stalled on rather strong support turned to resistance levels.
Feel free to watch our quick 60 second video where we break down the chart here : twitter.com
welcome to another free signal!
Important: Market still a MESS. make sure to reduce your risk as good as possible!
Sell-Stop : 4043,3
Target 1: 3944,9
Target 2: 3922,7
Targt 3: 116.495
LEAVE A LIKE AND A COMMENT - I appreciate every support!...
market is hovering at the top of the decending channel. looking for a break of this structure and looking to take profit around the top of the channel which is almost at the daily trendline. R/R 3:1 risking 1%.
Ramped up Volume - A consistent increase since the first week of January. This is somewhat hidden/deceiving due to the volume spike on the 26th of November.
Heavily Suppressed - One of the few hidden gems to have a true break out since BTC's drop from the $6k support.
Channel Breach - The channels established during BTC's early 2018 have been charted and have...
I see a good chase to long here based just on TA, so dont take as investment advice.
- OMXH25 has broken out of a falling wedge
- It has broken out of the channel
- While breaking out of the channel it formed a bull flag
- MACD Bullish div supports further growth
2017 also saw a drop, but instead of a falling wedge it was a megaphone pattern with bull div and a...