AMEX:XLV has formed a five-week equilibrium. The price contraction is already quite tight, indicating that this equilibrium could break very soon. The context is highly bullish: the XLV price is on a weekly uptrend, and the broader market is also showing strong performance. The odds are in favor of an upside breakout. On the chart, there is an example of a...
A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of waves A and C, and B and D. Wave E can undershoot...
Bearish Impulse wave in development. Technical analysis up-to-date. After the fake-out from the major contract triangle, we can see clearly the direction of an inexorable leg downward. New levels for watch. Price action is currently retracing to the micro supply @ 239 region.
The market peaked in a rising wedge pattern completing leg V of a major contracting triangle. Price action ahead is about to drop in a bearish impulse wave.
Mr. Gold’s Market enjoy his 2 more roller coaster “ride” before we’re “losing” our “belief/ direction”.. with “parachuting jump “..
BTCUSDT made a beautiful corrective C-multi-wave pattern, which surprise terminus finished with an 5th wave leg-up that surpass the trend-line, after an ABCDE triangle. In the Wyckoff Method narrative we can call it an upthrust movement in phase c of a distribution. About the wave count, the entire triangle is an contracting ending diagonal of a corrective wave C,...
Checking from latest how “fast” the speed - z -factor . Mr. Gold market “drawing” its “triangle shape”..It seem like Mr. Gold market “maintains” its previous triangle ideas..
Mr. Gold market knew lot of traders trading chart pattern. He need to “disguise its appearance” and so it appear that not “perfectly formed in shape”..
Gold is forming bullish contracting triangle where price will hold above 1934 targeting 2060 +/- @ The long term down trend line ( yellow dotted)..
Gold probably forming a “contracting triangle “ in wave B (yellow) now. As previous wave A ( yellow) is a leading diagonal wave form so probably 1 more big leg down toward 1680. +/-
Selling ucad at 1.3460-70 UPPER BOLLINGER BAND Price is contracting... (Contracting Triangle) end of consolidation about to explode... selling strong... stops above 1.35 1st target 1.3350 then 1.3280
As we can see on the chart, WXY pattern is clear with an irregular X wave (because of yesterday's Fed news), but still valid and didn't break the low of wave W. A contracting triangle is forms wave B in the ABC pattern for wave W, even if a huge wick went out of it: closing above the downside of the triangle, this candle on H1 shows that the setup was still valid...
Both gbpjpy and eurjpy are showing the same indcation, bearish. any rally to the upper trend;ine will be great chance to sell or average your sell position if u are having one now. Hopefully u dont miss the opportunity. I wish u have a great traade all….
4H chart is showing eurjpy currently is consolidating in contracting triangle. any push to the the red trendline could lesd to the next correction. dont be surprised to see the price breaks below the blue trend line. or even baclk to the blue rectangle area. trade well and wisely.
Price action and chart pattern trading > Leading diagonal - contracting triangle pattern > Entry @ triangle support > Target @ Wave 3 position + 20% upside for short term trade > RRR: 2:1 with -10% downside > Long term trading target primary wave 5 at 1.618 extension zone at 75 baht +40% upside Always trade with affordable risk and respect your stoploss
Looks like the flag on the 30min-1hr timeframe is developing as a 3-3-3-3-3 Contracting Triangle for upside. I believe we are starting the 3rd leg of Wave 4, which should take us up to around $4180 hopefully by tomorrow, followed by Wave 5 to around $4100 thereafter. We should see the larger time frame upside move towards ATH to resume after completion of this...
NATIONALUM - Neutral Symmetrical Contracting Triangle - 15 mins
If people are mad at Biden now wait till oil...hahaha. We see the contracting pennant again, this is on the two hour time frame. Once again we expect some price action battle and fake-outs to fake out the bulls and bears. Nevertheless we expect the bulls to take control and take this to 130. If this is the case it would be hard for me to believe the Nasdaq (or...