As it is clear to be seen from the chart important levels such as static or dynamic are the key factors in technical analysing. however, it is crucial to take into account important fundamental factors especially when the price is approaching to a key level.
as you see, we have nice inverted head and shoulder on ETC plus right shoulder in on our Price-Level , and we have +RD on R.Sh and nice reflex on level.50 stochastic ,everything is setup for going Long , all we need is breakout from Neck.Line and more volume.
(targets measured by the base of the Head + next Price-Level) that mean this is classic targets
ON this pair; symmetrical triangle has approved so after retest we can enter to long position till T.P1.
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On Gold chart we can see an impulse and correction.After breakdown and retest the channel, chart makes a Head&Shoulders pattern.Guys totally ; we can find lots of reversal signal on the chart.Let's jump to the sell position with three targets.
I'm a bit skeptical of the recent stock market rally, but It looks like there is still room for it to run.
The SPX broke out of a massive bull pennant on 11/9 and it has been range bound since then. Today (12/1) it gapped up to new highs.
Price target - $3900
What's up?according to our previous analysis,we are in position and we are enjoying the money (it's profit). So we are going to share our extended position and added some new targets to our position.
Note;MACD and RSI analysis' are for 4hours timefarme not 1D timeframe, guys.
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In my opinion,BCT is making some different patterns like 3-Drive and harmonic patterns (AB=CD, Shark,5-0). According to the patterns we will see a correction on weekly timeframe it means around 13300$ should be reverse till around 11000$ after completed it's correction,BTC can goes up around 14500$. On 14000$ Chanel we ought to find some reversal...