Yesterday there was a false breakout!
super beautiful example!
I will tell you below what a false breakout is!
False Breakout Patterns
False-breakouts are exactly what they sound like: a breakout that failed to continue beyond a level, resulting in a ‘false’...
In de post van gisteren zei ik dat het waarschijnlijk is dat Tesla naar de support van 900 usd zou gaan om twee redenen.
1: Tesla brak bearish uit de descending triangle.
2: De prijs zat onder de 21 ema.
Wat nu echter is gebleken, is dat Tesla vandaag hoger opende dan de close van gisteren. Vervolgens zit de prijs boven de resistance van de 21 ema en de triangle....
EURCAD broke out of the uptrend channel & formed a double bottom with a stop hunt on the 1hr time frame. this could mean a pullback to re-test the channel or resistance area 1.52479 at which TP 1 profit will be booked in. if it breaks back into the channel, we looking at 12: 1 trade where TP 2 at 1.5695 and TP3 at 1.6098 could be reached.
Since May 1st Bitcoin Cash started a breakout that is about 32% so far, which is nice. But not nearly as great as the last breakout of April 17th, which was about 109%.. The last one would have doubled your money in just a few days! This breakout is weak and is loosing steam showing DIVERGENCE and signs of negative volume! I was at first confused for a moment...
This will be a short term outlook (up to 31st July), medium term outlook (up to 5th August) and longer term outlook (up to 20th August) over the next month for Ripple.
First I would like to bring your attention to the bearish pendant formation which is aqua-coloured. The price is near completion of the...
Daily chart broke out forming Higher high and started to signal bullish trend change. However, Daily chart failed to continue higher and after intraday LL developed a new LH on the daily chart pushed price further down closing below the daily 49EMA.
As I got my order filled overnight, first thing in the morning I saw that prices had gone up on low volume which is an anomaly, then price had dropped rapidly forming a very wide spread bar with low volume which is another anomaly. And now prices are...
Hello folks, so as I mentioned earlier in my previous posts. The CAC40 would go higher (so would European indices, but the German DAX wasn't as eager as the French index to do so). The 4300-4450 range worked perfectly, and we went even higher (4500). However .
Thursday's (August 11, 2016) US markets was clearly "algorithmically" driven. I think that scalpers and...
Hello folks ! This is my first post on tradingview.com. This is an abstract from one of my blogs: www.lucky-index-trading.blogspot.com
I have reconfirmed a short-selling target of the CAC 40 at about 4600. Stop-loss orders could be set above 4700.
First bearish target: ~3450-3500
Second bearish target: ~3050
Please find below a graph (weekly)...