CHNGUSDT / Chainge Finance token forming a nice livermore accumulation cylinder pattern. Point 7 also forming on a level of historical support and resistance.
So I'm most of the way through Jessie Livermore's classic books on audible Reminiscences of a Stock Operator & Jesse Livermore’s Methods of Trading in Stocks . Looking back at this FMG chart could this be considered a Livermore accumulation cylinder? Love to know your thoughts! Comment / Find me on Twitter.
ROSE/BTC looking good for continued upwards movement:
A Livermore cylinder has been printed with increasing
volume on the price rises (indicated by the + signs) and
the decreasing volume where the price falls (indicated
by the - signs).
Once the 7 wave finishes and price holds above the
0.236 Fib retracement line, we can expect the
violent 8 wave to transpire...
OCEAN/BTC looks primed for price increase here:
A near picture perfect Livermore accumulation cylinder
has been printed and is stalling before its next leg up,
the 8 impulse wave, which in Livermore cylinders is one
of the two most violent waves.
Price has increased on increasing volumes (indicated by
the + signs) and has decreased on decreasing...
SNX/USD may be in a Livermore Accumulation Cylinder
(just getting in to this technique, if anyone can
link me to the best Livermore Cylinder learning
material that would be greatly appreciated.)
We see the trend being respected on both diagonals.
Jesse Livermore traded by the rule as well to
determine whether he was on the right side of a
bullish trade,...
XLM possibly forming an accumulation cylinder (with widening mouth) pattern. Its now or never, will it bounce on the trend line (number 7 on chart) and take off?
Time will tell
