Another interpretation of BTC price movement. The location of the head & shoulders is an indication of price continuation to the downside, until willing buyers decide to step back in & drive prices higher.
btc just held the upward sloping trend. i've already added to my position, awaiting a pullback to add more as long as the trend holds.these new shares i've entered will be sold if price cannot break through & hold the top red line. this will exhibit weakness & potential failure of this position, resulting in the upward sloping (green line) trend. a failure of this...
EURCHF Bounce from Resistance, and now heading to the bottom of the channel. RSI has Room for sinking, and two MA confirm the forecast.
Hello Friends, Most of my TA can be seen on this chart. Just like to add that we are in a descending price channel that has a bear flag within this channel. What this tells me is that we are going to be bearish before we return to a bullish move (price channel). We may not reach the bear flag target but we will be testing supports on the way down imo. The...
We've had a clear 3-wave corrective rally off the 0.96940 in USDCHF. Targets are marked and derived by using Fibonacci extension off of the 5th wave.
Hello Friends I had trouble identifying any sort of pattern on this chart because of the spikes and whip saws. Previously I charted a failed Inverse head and shoulders pattern which had been of great disappointment but upon further investigation, I had noticed a pattern within the RSI. Looking at the relative strength index in conjunction with the daily...
J537 - The index that tracks the general retails on our market is busy respecting and reversing off this downtrend and channel resistance which has been in place since the index topped in March 2018. Of course the election outcome could be a catalyst for a further reversal or break, but nevertheless, an important level to monitor in this chart to determine the...
Hello Friends, Here is another tricky chart that shows nothing but a continuous channel. All it does is stay within the confines of this channel rarely breaking above the upper channel or below the lower channel. There has been 4 incidences when we saw a spike pass through the upper channel, 3 of which did so in a dramatic fashion and quickly reversed back into...
A Forecast is always 50/50 percent. 3 things for probability increase a Buy: - The price channel (Support) - RSI - MACD
upward channel, 1:1 RR rejection 3x on 15m nice doji on 30m last kiss of support and the overall uptrend in and out 13 pips 15 minutes no draw down on this trade when entered on the last 15m rejection bar happy trading
Gold is in a price channel. It is set to go even higher. This is a certainty.
Trend shows gr8 entries at these levels 4 Long
Breakaway candle stick appear in Month chart. As a result, I decided to sell for long term. Waiting for retest and sell. Enjoy!!!
Massive 06' double top and a clear channel breakdown. Not bullish.
Crypto seems ready to roll. One way or another.
Price has not yet reached price target following the double top. Recent false break out of the price channel and pin bar forming on the daily chart signals renewed sell signal following recent price strength to top of the channel. T1= Price Channel support T2 = Final price target fulfilling projection from double top