Really like this markup! Expecting to see gold head down to my next zone. You can't see it on this markup, but on the 15 minute chart it also looks like it's getting ready to break the descending wedge pattern I saw. Stochastic indicator is also overbought at the moment.
SHIB has officially broken the descending triangle and is now in a tiny consolidation. If the price breaks above the resistance level of the consolidation area, we could see a potential retest of the ATH. If the price managed to drop through the support level...well you know what that means. Either way, I don't care what the price does, cause you can short it or...
Following up on last weeks $GBPJPY weekly head and shoulders top idea, this week the $GBPJPY or "The Beast" as we call it, is putting in a descending triangle which has me anticipating a bearish breakout. I'm not sure if it will come this week as the pattern has only just became valid, but certainly something that is very high on my radar as this is one of my...
If you are looking for shorting opportunity, this is 1 opportunity you have to keep a close eye on. Descending Triangle is 1 of my favourite structure trading setup. There are 2 ways to engage it. 1. A touch of the upper trendline without closing above the trendline 2. A break and close below the support line and preferably closing below the lower shadow of the...
Chart Pattern detection. The descending triangle pattern seems to be forming on the GBPJPY pair. The market is bullish on the higher timeframes and what we are seeing could be the pullback extended out forming an ascending triangle. Which will be a continuation pattern for a bullish continuation. However we can see where the pattern is completed and price...
Chart patterns developing over a year have a much higher probability of follow-thru then their mid-term dated peers. After breaking below horizontal, the counter trend rally is closing in on descending trendline, which would indicate another fall to support at previous breakout. Personal Opinion + TA = not investment advice Best of Luck!
Scientx formed a descending triangle after breakout breakout from the bullish flag. And now, it breaks the descending triangle. Scientx is ready to continue its uptrend. Disclaimer: This is not a recommendation to buy or to sell securities. This sharing is for education purpose only. Trade at your own risk.
KAVA is just at the end of a DESCENDING TRIANGLE which is normally a CONTINUATION pattern or BEARISH PATTERN. DAILY TF we are breaking to the upside, but if it does not complete it is a FAKE OUT and we will see a RETRACMENT. If it completes we have the targets as follows. ENTRY 5.7-6.0 TARGET 1 $6.5 TARGET 2 $7.1 TARGET 3 $7.5 TARGET 4 $8.2 TARGET 5 $9.50...
OGN has Broke descending triangle it will pump hard
Here we can see tha we are stuck in the poc with low volume and many uncertanty because of 6 months o lateralization. On chart we can easily spot a huge and beautiful triangule that if it breaks out it will probably go to Ath. My actual target is at least 0.78 in fib extensison taking Theta to 14.37 usdt.
Hey guys, in this video I'm going to walk you through my higher timeframe analysis on the $DXY & show you how I create a directional bias on the higher timeframes followed by what clues I use for added confirmation as I work down to the lower timeframes & look for potential reasons for entry. Please hit that LIKE button if you enjoyed the video & also don't be...
CHZ is about to potentially break out of a DESCENDING TRIANGLE on the 4H and 1D TF. The pattern can be either BULLISH or BEARISH, Can CHZ if it can break through the heavy resistance of 0.33-0.38 and claim and hold as support we are good for continuation. TARGET 1 - 0.45 TARGET 2 - 0.55 TARGET 3 - 0.65 TARGET 4 - 0.95 ATH RSI PRINTED A HIDDEN BULLISH...
SLP token is AXS native token but it provided as a gift/winning gem. Thats the reason of falling price ,currently is in descending triangle and last support , Wishing for breakout to upper side🤞🏻🤞🏻
Hello everyone, AVAX is about to make a move, but the direction is still uncertain. Watch for a break of the descending triangle, or a break of the $51 support. In case of a break to the upside I expect a bullish crossover of the MACD launching AVAX to the $75 range first. Stop loss around $47. The target after a break of ATH is just under $100. Be aware we can...
GJ is still trading within my channel from previous markup. I also see that Adx is showing bullish movement, so I will only be taking and holding for buys. I do also expect price to drop to 50% level before continuing up. On a scalping level, if price breaks my descending wedge I want to take quick sells
The bearish figure, but seen many times it break to the upside. More chance for one more retest of support level, but in a nice position regarding 20 and 200SMA. If going up, watch that big resistance at 0,53, It was big support before but also bounced down from it... Good luck traders
Copper futures are aiming for the May high at 812.60 after prices confirmed a breakout above a Descending Triangle chart formation. The 200-day Simple Moving Average helped maintain the dominant uptrend as the red metal continues to consolidate since earlier this year. A drop back under the July high at 768.50 could undermine upside progress, reorienting copper...
GBPUSD OUTLOOK 14/10/2021 PRICE HAS MANAGED TO BREAK and CLOSE above 1.3660 AND TESTED THE UPPER BAND OF THE DESENDING TRIANGLE AT HIGH 1.3734 . Strong rejections is expected with fresh sellers here in confluence with the 61.8% FIB level of the high on SEPT 14th to SEPT 29th low . PRICE REMAINS NEUTRAL TO SLIGHT BEARISH UNLESS A FIRM BREAK AND CLOSE...