The volatility in the QQQs today increased. Continue to look for a retest of the Monthly UBB before the next leg up.
The lower bound of the large Blue Diamond Channel has been serving as resistance. With QQQ outside it's Monthly UBB I am looking for volatility, in the past, a return to the UBB proved likely. If SPX loses the current resistance the next .5 channel down may be in play.
I think that Bitcoin is in a diamond shape. Considering that this figure was formed on a small timeframe, there should be a continuation of the upward movement. But perhaps it will become a reversal. Using arrows on the chart, I drew a possible price movement in this figure ...
Often a move will back test the dart, I am on the look out for a 15 wick off any slope of the dart.
This diamond is in play, Profit taking was in effect this morning..
Fib Speed Resistance Arcs include a factor for time into the equation. This time factor is the key ingredient in defining the slope that the equity is entangled with. A quick look at the AAPL earnings result shows price tracked to the top of the diamond channel. Penny wick!
Nice pattern for a bearish move. bullish momentum exhausted. NAS100 is risky, be cautious and use proper risk management.
How will the 4/1 split impact options and their delta and theta's? The goal from AAPL is stated to provide expanded access to investing in their company, what do you all project the increase in volume might be?
What a move! Using the diamond to identify likely slopes for channel creation has potential to provide great entries.
This Diamond continues to be in play offer back tests for entries and resistance zones.
the detail is shown on the above Idea.
S&P 500 DIAMOND PATTERN - 15MIN
Pattern indicates that price is in consolidation phase and Economic Datas, Covid-19 news will determinate the where it will go. So, untill then best to do is just waiting in my opinion. Honestly i expect price to go and retest the 1.1$ but there is no logic behind that idea so i'm just waiting for the breakout. If it break-outs to upside, i will re-share the idea...
GBPCAD creates a diamond pattern, it's a reversal pattern. We are looking for breakout the recent support. According to Plancton strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618...
EURGBP Preparing for the confirmation of the "Diamond" pattern , the Macd and Rsi indices also supported the uptrend, especially the strong RSi because it is above the 50 level and the direction is increasing. EURGBP buy when breack out at : 0.90350 EURGBP target : 0.92034 Stop loss : 0.89950 Wish you good deals!
hello Traders, this is a monthly analise, 2 patterns spotted, diamond bottom & ABCD with TPs arround 200 and 400 buks. Time frame 9-12 and 12-16 month away. Pre-US election pump tp arround 96-106 buks. not financial advise, trade safe
If the price will breaks today's low 1.37342 - the continuation diamond will be confirmed. Atm the red line is not confirmed. Targets: 1: 1.3645 2: 1.3490 3: 1.3420 - unclosed GAP on daily chart ----------------------------------- This is not the financial advice. If you liked this idea, please like and subscribe to my profile. GL!