Eurusd It is declining until it creates a positive divergence.
Also, when wave b is shallow from 1, it is not possible for wave 2 to be shallow
its Harmonic Eliot Waves
So the reasons for the fall:
1- Creating bullish divergence in 4-hour timeframe.
2-Harmonic Eliot Waves says we need a deeper correction
3-Classically, the uptrend occurred with the weekly...
Cresco is ready to launch higher. It already broke out of the Inverse Head and Shoulders and it is currently flagging.
Price Target 1 - $13.30 but it will likely go higher
Thanks
Yet ANOTHER breakout of a bullish pennant on BTC! If this breakout is indeed true and not false, I believe this move will propel us to $50,000+.
Strap in y'all, best of luck.
BTC appears to be forming the beginning of a small bullish pennant on both the 1 Hour chart and the 4 Hour chart, a key indicator that if this breaks above the top of this pennant, a bullish continuation will most likely occur. We still have a lot of potential for growth, however, a major retracement is still possible, so trade carefully and keep capital...
So far the breakout appears to be true and has found resistance at a key resistance level: $38,500. I am witnessing a lot of indecision in this market right now. A lot of people are banking on a reversal point from here, however a lot of people are also long and anticipate a double top around $40,000. At this point I remain neutral and am still holding onto my...
Last time I posted on BTC, Elon Musk put BTC in his bio, causing a spike of around 10%, breaking through the bullish pennant BTC was sitting in. Soon after, BTC retraced back within the bullish pennant, indicating a false breakout. Now we're back above the pennant for a new breakout and it appears we have formed a large inverted H&S as well, the only question is:...
I posted about Zoominfo couple month back when it was attempting to breakout of a head and shoulders bottoming pattern. That breakout failed and pulled back to the 50 MA where it spend few days before it put a higher low (HL) and moved higher. The stock broke out from that neckline resistance again 4 days ago and showed signs of follow through in today's...
Not only is Gold forming an inverted head and shoulders pattern within a descending wedge, it also appears to be forming a decade long cup and handle. Lot's of bullish continuation indicators are presenting themselves but nothing "confirmed" yet. Obviously there has been false breakouts on both the bottom and upper side of this wedge, however, long term I remain...
Could the DXY break out from this huge falling wedge pattern? The markets started correcting yesterday, and it will get uglier should the dollar rally from here.
However, there was a similar set up earlier and that just led to a bear flag kind of thing were the DXY went lower so all bets are still off, but this is looking interesting.
Almost identical to the setup on my $TMO post just few minutes ago (search my feed). So no need to repeat the setup logic here. These patterns happen over and over again. You need to train your eyes (and your brain) to spot them and have rules in place to take advantage of them while they are unfolding.
Teladoc forming 4 months cup and handle breakout pattern. Stock looks ready to run higher after a bullish daily candle close on Monday. Stock also broke a 5 month downward trend line on Jan 7th increasing the chances of a successful breakout.
Teladoc Health Inc (TDOC)- PROVIDES ON-DEMAND HEALTHCARE SERVICES WITH OVER 3,000 BOARD-CERTIFIED PHYSICIANS
Daily cup and handle setup on Ribbon Communications. Handle forming on low volume (bullish sign).
Ribbon Communications (RBBN)- DESIGNS CARRIER-CLASS TELECOM INFRASTRUCTURE EQUIPMENT AND SOFTWARE USED BY WIRELESS AND WIRELINE OPERATORS
Antero Midstream shows a weekly 13 months head and shoulders bottom pattern and a daily continuation head and shoulders pattern. The weekly chart is on the left of my post and the daily on the right.
The stock broke out of the multi month weekly head and shoulders on December closing above pattern neckline (blue line). The stock since then has formed a...
