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...
TDOC looks ready to breakout. RSI is strong, Engulfing candle 2 days ago followed by a gap up. Don't love the upper wick on the trendline but I think TDOC breaks above it on increased volume tomorrow on another small gap up. Already in calls, may add more if we get a break and retest.
Situation is not good for ALTCOINS and COMP is no exception to this rule. COMP will drop hard up to 220$ if lose key level, Also this is a good opportunity to take short position.(Suggested SL is 316$)
XLM forming descending triangle(Bearish Pattern) Take away: Short If Price breakdown key support and 4H candle closed below to confirm the bear trend. Long if Price breakout key resistance and 4H candle closed above to confirm bullish trend.
This is basically a reminder-to-self for tracking my trade setups. Matrix AI Network's coin $MAN against USDT pair is currently sitting on a long-term descending triangle pattern. According to Bulkowski over a third of these patterns break upward. The pattern is clearly visible on higher timeframes, like the daily and 3D charts. The pattern follows a 4x markup...
One of my last publications was a bearish continuation Descending Triangle, shown in red, whose $ 6,000 target has still not been reached. Target at $ 6000 which is confirmed in my opinion by the appearance in the meantime of a Falling Wedge shown in blue on my graph. But the main information is that the year 2020 seems to me to be the year of a new bullrun for...
Chart shows the possibility of the Descending Triangle Chart Pattern and it's target.
FORMING A DESCENDING TRIANGLE PATTERN!! 200 EMA GIVING A GOOD SUPPORT!! If breaks up then can retest at 306 and can have our target price to 349/359!! IF breaks down then do check up breakout volume both side and can give a good short trade for intraday!! STOP LOSS=294/287 (THE ABOVE ANALYSIS IS ONLY FOR STUDY PUROSE DO NOT TAKE IT AS ANY BUY OR SELL CALL!!)
A GOOD CONSOLIDATION FROM APRIL 2021! Forming a Descending triangle pattern! Wait for a true breakout do check VOLUME! 50 EMA AND 200 EMA giving a good support! And for intraday making same pattern! TARGET PRICE=143/145 STOP LOSS= 113/111 And if breaks the consolidation then can hold for long! TARGET AFTER CONSOLIDATION=185/190 (the above analysis is only for...
FTM in descending triangle looks like found local bottom at 1.1511 that still holds price from more downside. It's obvious that BTC drop pulled FTM down, but will this hold if BTC decides to dive more? BTC D rising isn't a good side for alts also. If FTM loses this level more downside is inevitable. This kind of triangle is more on the bearish side, but its not...
guys this run was nice but im sure it is finished BTC SHORT... bear moon is here. and well if bulls can overcome the moons pull from whalewolves then thats fine. This is just a BE CAREFUL AND TAKWE PROFITS
BTC has broken out upwards from its Descending Triangle and made a successful re-test as support. BTC is above its Bollinger Bands Upper Band and note that the Upper and Lower Bands are expanding away from each other indicating increased volatility. Note that the Bollinger Bands Middle Band Basis 20 Period SMA is also pointing upwards. Using the Ichimoku Cloud...
XAUUSD has been in a descending channel and has finally hit the resistance of the channel, expecting rejection for continuation to the support or a possible breakout to the upside...
GBPJPY still in the descending triangle, expecting a continuation to the support
GBPJPY still in the descending triangle, expecting a continuation to the support before looking for entry opportunity.