1h downward channel possible break if bullish. If not then retest of larger channel bottom/support area. Waiting on entry. Great long term fundamentals: largest mall real estate owners trading at nearly half of their valuation from just a few months ago.
We see price falling every time it touches the major downward trend. Price is now ranging between a minor upward channel. We can forecast a head and shoulders patterns forming.
Already formed the descending channel with more than 8 points. The price is touching now the top line. The price should go down in the next hours and we will open a short position near to 47.74 with stop loss close to 49.56 and take profit over the 42.14; Chart: 1H
The price has reached the resistance channel and looks like it is stuck on the horizontal resistance line, the last candle formation is a bearish spinning top. The price movement that is stuck on the resistance line and the spinning top candle can be an early sign of a reversal, but it still needs further confirmation. There is still a possibility of the price...
Senior Lodenstein politely mentioned that my falling wedge should be a downward channel instead...and while I was aware of the downward channel I hadn't bothered charting it yet because I've been more focused on both the weekly falling wedge and the 1 day bull flag at the moment so Ieven though I think that both the falling wedge and the descending channel are...
Hi Traders,
Cipla Moving in Upward channel in daily chart can go:
1) Long on breakout from Upward channel & imp resistance around 484 Level. (See chart)
2) Short on breakdown from Upward channel till target at imp support around 400 Level & moved back to downward channel. (See chart)
So Cipla at make or break level with moving in upward channel & imp...
Direction: Short
Reasons for open position:
- Price in downward channel
- Mirror level is 10500 $
- Price bounced of mirror level
- Priority Down
The information provided is not financial advice, always do your own research.
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Also,...
Priority: Short
Reasons for open position:
- Downtrend
- Downward parallel channel
- We need to wait market opening in Monday and after this we can open position based on one of the plan
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Priority: Short
Reasons for open position:
- sell zone is 267-271
- we have downward channel and border of it coincide with sell zone
Stop above 271
Take profit 1/2 (257.1) and higher, depends on your greed
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Since its last low at 0.70570, it has risen to 0.71680 and currently performing a correction before going higher.
At its current "drop" from 0.71680, it has reached an approximate price of 0.71000 and is moving within a "downward sloping flag" which means it will bounce back higher.
Downtrend + Downward sloping flag = Reversal
Look for an entry to ride the big...
A target above $150 will be needed to break short term resistance, and also to escape the downward channel. Will the coming fork be the catalyst for this move? ETH is looking to be oversold on the daily, so a bullish move could be in the making. Etherium cannot afford to fall back to the bottom of this channel.
