The green path: Orion has been riding these pitchfork channels for a while now. I wouldn't be surprised to see it continue this steady climb towards that next major 2.618 Fib level at around $35 dollars.
The orange path: The next possibility I could see happening is $ORN forming another pennant shape, and having that play over the next few days. With pennants...
The trend line was broken with consolidation below, this decrease can be called a pulse, therefore, based on the pulse analysis, we will see a continuation of the decline, the first zone 6800-7100 is the fibbo level and the last hope of bulls.
At the moment, I see flat and bullish signals on the indicators, but from this moment, while we are under 8300 - short...
Hey my friends,
good chance at this point! :-)
Please wait till we have the support confirmed.
We have August and less liquidity plus more volatility.
A lot of Fakeouts possible. DAX profits by a strong USD but also worries about the whole situation we have to deal with.
Cheers and good trades
Wanna see more? Don`t forget to follow me for daily...
what I see is a good opportunity if this scenario continues the way I expect it if this is going to be traded as the "schoolbook" of Chartpatterns explains.
We had a strong momentum and were about to build a double-top in the daily-chart and hit that ATH soon.
That didn`t work out but still shows the market is ready to climb due the...
I`m glad i was right at least about the fact, that btc will not go up so fast. And now the market shows, that we are going even deeper.
So, i guess 1-2 days left before we surely now what will happen. What must we see to make a decision? 1. Closing week candle with body lower than a half of the general length. 2. Breaking lower Boilinger Bands line. 3....
The sell off from the neckline of the large Head and Shoulders
top formation above it hasn't been particularly aggressive so
far, but the littlle rally attempt today has been severely
knocked back. DXY hasn't quite finished unwinding the recent
overbought condition after a recent near 2% spurt (see
comment) and will likely move sideways to mildly down...
A break of the counter trend line that has formed on AUD/USD could lead to a downside continuation to make new lows. The move also has the possibility to offer a decent risk reward as well. Targets would be 0.71571 and then on to 0.69609 . Could this be a look into the future for this market ahead of the FOMC tomorrow? Only time will tell.