Let's conduct an ongoing analysis of the demand and supply on the BTCUSD market. This market is developing in the framework of the uptrend marked with four blue lines ABCD. The current quote is at the heart of ABCD formation. This means that the number of supply and demand to a large extent compensate each other. In other words, the market is generally...
Indeed, the market shares of Aurora cannabis in recent days blew very strongly from the point of view of volatility, the ATR indicator has jumped up from zero very fast. The stock has grown in value. But to judge this chart from the point of view of the interaction dynamics of price and volume is difficult because the market is too "noisy" and specific....
We have here orange lines of the major trend-channel (orange lines). Study the cases, when USDCAD did bounce with orange lines (I used green arrows to outline reversals). Note: - Christmas Trap in 2018. Price made the fake breakout but reversed down in January/2019. - Christmas Trap in 2019. Price made the fake breakdown but reversed up in January/2020. - The...
A new channel is forming.
I've marked the SHS (Head and shoulders) pattern on this USDCHF chart. In this case, SHS has potentially big bullish power because: 1] It appeared around 2019 Low. From this view, all SHS lows could be interpreted as the attempt to breakdown the lowest level of 2019. But all these attempts are turned into fails because as soon as price penetrated 0.9662 level -...