In this video ive analyzed our previous buy setup and made a clarification to previous buy plan
The bullflag that never ends seems to be decisively bearish right now and breaking downward. That's not to say in the 45 minutes left before the close of the current 4hour candle the bulls couldn't still find a way to carry us back up inside the bull flag once again...and even if they don't this flag has attempted so many fake breakouts already, that it's...
BTCUSD: Price pushes off of 7605, touches 8604 in a matter of hours, BUT it did not close strong. This price action is apparent across the board and for me means ones thing: bulls are not in control, yet. The next scenario that I am anticipating is a failed low formation which needs to unfold above 7401 if buyers are to return and initiate the next bullish...
BTCUSD update: 9616 level was compromised but bullish momentum did not take hold. As long as this market can stay above the 8342 low, it will still have a chance to break higher. In my previous BTC report, I highlighted the 9616 break out level which is the .382 minor resistance relative to the recent bearish swing. Price pushed it, and failed. Is this a bearish...
double bottom with fake breakout on EURUSD
BTCUSD update: Double top formation is attempting to unfold but I would not assert this conclusion yet because it is materializing in such a slow fashion, it is suspect in my opinion. This double top is lacking the selling momentum that usually follows which can be a hidden sign of strength. When a market rejects a resistance level, especially a second time,...
You can see two trend channels. The light blue circles (old channel) and the pink circles (new channel). As you can see we are testing the new channel. It might just be a fakeout but could continue its path and test the .236 fib. My guess is if its not a fakeout itll bounce off the 200day SMA (green line) before that happens. *Not trading advice, just...
If the price definitively broke down the green bullish trendline , it could have a dump and reach the support at 10,400 USD. If the red resistence broke down, an impulse at 11,400 USD is likely to take place. Keep a very close eye on this graphic!
Traders, Gold’s rally 1046.54 to 1375.12 labelled (i)-(v) confirmed the reversal signature and is indicating the end of the corrective structure from late 2011 with a Double Zig-Zag pattern at 1046.54. This larger pattern is labelled, unfolding as a primary degree impulse, 1(circle), 2(circle) and is getting ready to break to new record highs for gold the next...
4HR After a few fake breakouts im waiting for a complete break of the weekly resistance in this reason my flat of resistance, in combination with the lower trend line my next target is the 1.7830
BTCUSD So? What would you do? Bitcoin is touching resistance... will it go down? Dead cat bounce? We still have another resistance to break through, the one drawn from the ATH, can BTC make it? Fib 1.6 retrace would be at about 7200. Short? Bitcoin is touching resistance... AGAIN, didn't we touch it 2 days ago? Reversal? Sideways? Moon? Volume is...
orange boxes are possible reversal zones I think we breakdown at the end of the pattern to the horizontal support or fakeout upwards to the reversal zone and break downards Daily Log RSI and Wavetrend don't indicate oversold yet. More accumulation to come inside this order block Looking for volume and/or deviation from pitchfork as trend confirmation
Price made a big time fakeout yesterday, now looks like price broke above resistance & is now retesting turning into support now. Watching for a daily closure for potential buy positions.
Orange Juice has had an incredible move to the downside in an easy walk down fashion. Textbook counter trend price action has brought price up to where it is and has now formed a fake out inside bar after a double legged pullback.
The last move up will complete the first bullish impulse with a fake out close to trendline. Continuous divergence on the MACD will potentially drive price to the support area of 200 Moving Average, before the move up. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your...
Cadjpy is currently sitting at an inflection point, 88.6 level. Which is critical for both the bulls and bear. A bounce would validate a long term inverse H&S patterns being played out since 2015. A break below the neckline of 88.6 would probably trap bulls in the 88.6 - 91 region. (Fakeout) A long trade would yield an impressive R:R if the bullish case plays...