IBB is forming an ascending triangle, which is a continuation pattern after the breakout. Important to note the 20sma, which has been very supportive in the trend. The is also some support we can see many candlesticks with bottom wicks, meaning the shorts were met with buyers very quickly.
Triangle / Pennant Pattern on crypto Theta. Has a recent history of breaking out to the upside, volatility on williams vix fix declining so my guess is breakout to the upside. Previous divergence of vix lead to breakout to the upside not long ago. Current Vix Reading not quite diverging from price but nonetheless it is declining with the pattern forming.
Doing a better analysis, and taking into account the crab and bat patterns, I conclude that the BTCUSD would be rising strongly from now on, up to the 11-14K zone, confirmed by Elliot waves, and the continuation pattern. And then make a new fall, well ... Do not miss the opportunity, see you there for the 11-14K!
Cheers!
GOOD DAY TRADERS HERE'S AN UPDATE ON THE GBPAUD PAIR > CONTINUATION TO THE DOWN SIDE IF YOU TOOK THIS ONE ADJUST SL TO THE PREVIOUSE SWING HIGH IF NOT LOOKING OUT FOR SHORT OPPORTUNITIES ON LOWER TIMEFRAMES PERIOD - SWING RISK MAMAGENNT > >> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS,...
GBPUSD long possitions wedge continuationpatterns. look rejection in 0.236, like morning star (+). BUY NOW or Breakout position, TP orange line, SL 1.22680
As we can see here we have end of correction 50.0 Fibo. and we see break of flag continuation all this confirmation support GBPCAD Bearish To 1.74800. Thank you. " MK "
-continuation pattern back to the 200EMA -Rejection candles needed to execute this trade Follow my Instagram @_Selfmademo
Price rejected at .618 the trend is bearish looks like we will continue if H&S idea works out then I will just keep moving my stops for the bear flag targets #DYOR
Price Action says it all. 1.Up trend 2.Break-out 3.Break-out retest 4.Let price/market decide what it does
The weekly looks to be developing a nice base. The daily is not quite ready yet but the weekly is showing a potential buying opportunity through 325 if everything lines up.
Either this is a continuation triangle and we will continue the dump or we gonna breakout up & BART UP to 7300 u know the drill whichever side breaks enter the trade long or short on the retest
Wait for breakout for confirmation. Be Patient Keep it Simple!
Doller about to rise more at 98.91 target .Taking a long trade on channel breakout . Happy Scalping
Yesterday we took a long in this pair expecting price to retest the Weekly structure at 1.0879 but price missed this target by few pips. The leg up was the last wave of correction so we are short again the EURUSD, expecting a break of the Momentum low. This is a continuation trade and we are targetting the T1 of the Fib retracement 0.618. Short Entry:...
Breakout of $305, I'll enter and hold on.. Not financial advice DotcomJack