NASDAQ:SOFI is forming a descending triangle which has a high probability for breaking to the down side. The measured move is saying -19% I would wait for the moving averages to get a little tighter before this trade confirms and presents an entry.
OANDA:XAUUSD is testing 1933 and after the third retest it forms a false-break. A Triple Top pattern (local value) appears on the chart. The price decreases to the support and forms a local consolidation. The retest of the 1912 area indicates to us that the market is preparing for a decline. A pullback to 1920 might be the key maneuver. If the price rebounds...
BINANCE:SOLUSDT forms the bottom at 9.39. After the formation of the global low, the price forms a prolonged consolidation near resistance and now the phase of realization of the accumulated potential begins. What to expect from the price in the medium term? Moving averages are showing a strong consolidation. A descending wedge is forming. On the chart I...
Gold is testing the resistance area of the global trend and breaking the local support. A rebound from 0.382 could reach the retest area and then the downside phase could activate. TA on high timeframe: 1) Price is testing the liquidity area of the global downtrend channel 2) The liquidity zone 1939-1935 is not reached, most likely a market maker trap may...
OANDA:XAUUSD is in a correction phase. The global trend on the chart is bearish. There are several preconditions for a possible further fall. What is going on and what to expect from the price? We see a breakout of the global price channel and the formation of an upward correction. I drew a local support line to make the situation clear. Price breaks support...
BINANCE:C98USDT enters the phase of realization of the accumulated potential. A prolonged trend may change its direction, but in order to do that the bulls will have to take the priority in their hands. Global and local wedge are marked on the chart. The resistance boundaries of the figures coincide and the price breaks the area, consolidation is formed in...
Gold breaks the wedge resistance and forms momentum to retest 0.382 Fibo. Buyers are able to strengthen the price from 1910 to 1932, it all depends on whether the price can form a consolidation above the support. TA on the high timeframe: 1) A bounce from 1893 is forming. In terms of technical analysis the price makes a test of 1938. On the background of a...
OANDA:XAUUSD market is still bearish. Breaking through the resistance of the descending channel may not play a key role. The price is in a global wedge and we see a bounce forming from support. On Friday, we saw a strong rally that many did not expect. The price was bullish on the inflation related news. Looking at the technical picture some things might...
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OANDA:XAUUSD forms a new local low and then makes a retest. The bearish scenario continues, which tells us that gold will continue to red, unless, of course, the fundamental backdrop takes the opposite direction. The phase of realization of the accumulated potential is forming. When the support of the 1939 range is broken, there is a new downtrend in a...
good evening/morning traders. A key level has been broken and with the descending triangle as a guide I have done a measurement of the possible top to bottom ratio with S/R levels and using a path guide to show everyone how we could potentially see this play out. I have set out targets and SL will be placed accordingly, with the significant strength of the GBP...
NSE:MGL Stock is consolidating in Descending triangle pattern from past few days. It is taking support on previous Break out level which is 1015-1020. On 22nd June we can see a clear rejection from top. Following to the rejection there is a big red candle which is closed near support levels. Now here comes the interesting part the red candle did not got the...
Another classical descending triangle pattern formation observed in Fin Nifty today. Will it break down further or break out from the contraction? Let's see who drives it up - the Bears or the Bulls?
Price found strong resistance at 1.28500 level and we can see descending triangle formation. Price broke our support zone and I will look for the opportunities to sell. Its possible to see a retest of this broken support zone soon.
As you can see in the chart, this is a very simple setup: When we look at the big picture, we have a dead cat bounce breakout retest pattern. As confirmation, we have a clear RSI bearish divergence and a descending triangle, which can be a good entry point. As targets we have the clear support levels and we set an stop loss at the last swing high, so in case...
1D - Descending Triangle pattern seems to be in progress. Below, there are 3 support levels : $102.270, $101.611 and $100.820.
The stock is trading in between a descending triangle like formation. Expecting price to drop till 470. As of now, I don't find any opportunity and will look to initiate buys only at 470 support area. In case if you are holding the stock, you may keep holding till 470. If weekly closes below 470, it would be better to exit the stock.
NSDUSD is trading a descending triangle near the BREAKOUT: 0.60479. Targets: 38%: 0.60147 62%: 0.59980 79%: 0.59868