HTF Bearish
LTF Bearish
Strong reversals at top of HTF upper boundary of falling expanding structure. Price to retest June's low.
Bear market not over.
Trade Safe
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Expanding corrective structure formed after a bullish impulse at the third touch of the descending channel. A long entry will be favourable if price rejects again at the bottom of the expanding structure.
Expanding channel going for a possible double top. If ever price creates a rejection at the double top and provides a clear bearish impulse corrective structure, everything will be set to go short.
HTF - Market touched the top of the daily expanding channel and it has been moving bearishly ever since.
LTF - Market is forming an expanding channel and since the market has been moving impulsively downwards, than I would expect if the market breaks the correction that is forming now to the downside, further bearish momentum would be seen.
NSE:INDIACEM Broke out of a major expanding channel pattern.
Breakout candle is very bullish and volumes are heavy on the buy side.
Price is in a low volume consolidation mode in the form a rising channel pattern on hourly timeframe.
Momentum is expected to continue after the break of this pattern.
One can enter at C.M.P with entire position for 2:7 Risk...
NSE:GENUSPOWER is moving in 2 patterns: A parallel channel and an expanding channel pattern, with the latter being the bigger pattern.
Price did breakout out from the channel 2 times but witnessed big selling pressure, leading to formation of the expanding channel pattern.
C.M.P is running near the trendline support and the resistance of the parallel...
HTF - Market to continue its momentum to the downside, however, it seems that a change of hands happened in the markets when the continuation correction pattern was broke aggressively to the upside, which now changes the bias of the bears.
LTF - Price broke strongly to the upside and currently is forming an expanding channel, which for me is indicating further...
NSE:ALBERTDAVD price action structure is drawn on the chart above.
After breaking out 2 times prior to the current breakout, price went into consolidation mode without giving big momentum.
This is the 3rd time price is breaking out of the structure. A trade can be taken in view of price releasing big momentum in the coming weeks.
Targets: 750/800/900+
Sl-...
Observations :
1. Expanding channel pattern
2. Current price at support of 379 to 381 level
3. More than 50% retrenchment
4. RSI Divergence
Entry 393
Stop loss 378
Exit 425
Risk Reward Ratio: 2.28
Price impulsed down from an area of value on the daily timeframe . Price formed an ascending within an expanding pattern on the 1 HR . Entry order set after 15 min confirmation. Price fell correctively in a descending nature. Locked in +1.50% allowing price room to possibly correct sideways then impulse down.
Here we see EURGBP in a descending channel with the sellers in full control, forming lower highs and lower lows adding selling pressure to the market. Now we are trading in a small expanding descending channel, suggesting that the sellers are stepping out and potentially booking their profits.
This gives room for a bullish scenario, and im speculating that the...
