Here are my continued thoughts on BCC. We're currently in a descending triangle and probably going to enter into a double ZigZag Elliott correction wave. Who really knows for sure, but the pattern seems tone setting up. My target is still ~$600 for now. Check out this resource and let me know if I've missed anything: www.elliottwave.net
Hey guys, Title says it all, if the 4th legs bounces of the support line big chance there will be a retracement to the top (or beyond this point). Kind regards, Khaine
Hey guys, The red line was the top of a Descending Triangle, and now the bottom of an Ascending Triangle indicating that this is a strong resistance point. Furthermore, most of the time the trend line side of a triangle breaks, so that's why I think the following pattern will happen. The purple line is the bottom of the Ascending Traingle and a possible turning...
Descending Wedge & RSI on the hourly...Long between 2550 & 2650 If it breaks the pitchfork/trend without a strong recovery....then we are heading down to ~2300 ..Thoughts?
We can see a descending trendline. Since June 15, 2016 price is stabilizing in a sideway zone.
Hey traders, here's a breakout pattern on dollar swiss cross. Short is active with 1:1 B/E level and target at .786 fib.
Price broke trendline and is in retest area Upward movement is what I'm expecting (small trendline is drawn on 4H which makes a descending triangle with both lines)
Breakout will occur, go long with candle close above trend line on the hourly chart. Target is to fib level 1.3100. Risk Reward 1.14.
NOTE: this analysis is for the CLH7 (March) oil contract. Also, the path is hypothetical, targets/support/resistance are what matters. I believe that the 12/2 buying climax will hold as resistance. 1. Prices have been rejected at the daily BB midline and are below the daily 9 MA 2. TL of last two daily swing lows and the last daily selling climax...
Price is forming three descending peaks. You may choose to go first Long and than Short
Forex is so risky. I'm not suggesting you following this idea. Just share. :)
if i think correctly we have AB=CD pattern and Divergence on MACD and if price break trend line we have Descending Triangle.
Hello, wanted to share my view about this pair, lots of confluence suggesting bearish direction. Wish you all good luck and profitable trading, cheers!
Currently short on touch from top of descending channel, SL set at previous structure high, TP 1 at previous lows and TP 2 at latest channel lows. trailing stops if price hits TP 1
Check the trend lines folks
FOR ME is the new pattern in USOIL after the strong droping today. Be alert and prepare you for long trade. :)
Break up will invalidate idea. Moving amazingly as i was speculating it long ago please look at my NZDJPY Ideas.