Double bottom pattern on H1 formed, followed closely by an impulsive move breaking the descending channel structure & currently weren't in a corrective phase with what seems like a symmetrical triangle forming a continuation pattern.
Major Bullish Signs on SOLUSDT
All the analysis Part is viewable on the Chart.
I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation.
As for now it is possible to scalp the asset...
In daily timeframe Chart, Bitcoin has been forming Descending Channel Pattern..
At the Moment, Bulls Facing 50k Crucial Resistance, if resistance got cleared, expecting bullish wave towards the 72k (new ATH ) in coming days.
In Bearish scenario, if Bulls failed to clear the resistance, Bitcoin might retest the 40k support area (MA128)
MA128 ( 40 .8k)...
Voila - a skew 12y arc with Silver
THe consolidation is related to the las tone, with importawnt differenece
- is up stairs ans down elevator - BULLISH vs opp 2011
- entered from below, so a continuation b=pattern, not a typical bullflag per se
- gradients clear, and spell $44 target
- bouncing off RS!50? 0- funny that lines up with MICHAEL OLIVER's watershed
• Price has broken out of a bigger channel so there’s a 90% chance of it going to the bottom of structure
• Downward trend with a pullback correction so there’s a high chance of a continuation to the downside
• Price has formed a rising wedge which is a reversal pattern and is currently at the top of structure
• Price is at an area of daily resistance which...
Tatva Chintan Pharma Chemical Limited was listed on 29 July 2021, with a gain of approx 96.82%.
Since then the stock is trading a range, typically forming a symmetrical triangle pattern for almost the past 2 months.
Stock is currently near the 2/3 area of the triangle pattern and is mostly ready for the breakout.
Now the question is which side the breakout...
As we saw bulls completely took over the market so we will sit back and watch price action unfold as we had a falling wedge into a key level then it broke out so we wait for retest to see if bullish momentum continues. Will update as time goes on, stay tuned!
Looks like we have a HTF bearish continuation correction, we're correctively approaching the swing high area, gearing up for the short reversal play, Will look for the LTF correction after the breakout on this, it's been a consistent entry that has played out well on GJ so I'll be looking for it. Whether we sell at the highs or before I'll be looking for the same entry.
We've had a strong bullish push up, Now a clear Continuation correction on the Mid timeframes would be key for us to keep capitalizing on the bullish move. This continuation correction would also be classified as the correction after the breakout.
AUDCAD had a strong impulsive push up, Now that we are around our Swing high areas, what we would like to see is a strong break and LTF correction after the breakout preferably on H4 timeframe as the impulsive we just had was strong, so the correction would be better if it's clear on the Mid timeframes like H2 and H4.
NZDCHF has been playing out exactly how we forecasted the past two weeks, Now that we're completely out of the HTF descending Structure, what we want to see is a Clear Continuation after the breakout preferably on the H4 timeframe, something that we can also see on the Daily timeframe this would strengthen our HTF bullish bias and it would give us different...
Been waiting on the ascending continuation correction to complete which looks like it may be so, the entry type I want on this is a clean LTF Correction after the breakout to minimize my Stop loss size.
Recently, we saw a significant drop on EURUSD and price after touching the strong support at 1.1660 (Weekly Low) stopped falling and started to retrace.
In the higher time frame (Daily) we can see the bullish candles with upside pressure.
In 4H chart, the descending trend line has been broken out to the upside and price has pulled back to it.
But, there is a...