Solid fundamentals with breakout potential! Regained the entire pre-Covid decline!
About this forecasting, it's the first time I try to apply Canada's Bazi Chart to forecasting about the finance of this country during June 2020. Let see what happen on the next 6 hours - a few days 🤓
This is taking advantage of a Failure at new 20 day high, it beat 4 days ago, but has corrected quickly back in....shows weakness. I prefer Put options due to risk of false break out again at highs if pushes up one more time in next few days; I figure June expiry is enough time and only looking for a 4% correction obvious support $1.00 below or more... For $400...
BTC had the 4th false breakout last night and lasted less than one day from the long term downtrend support line on weekly chart. That’s bearish indicator to see 4th false breakout. I still don’t see the possibility to break from the very long downtrend on weekly chart. Saying so, I’ll keep monitoring to see a stronger breakout on weekly chart to confirm uptrend.
False breakout: Break through the Supply Zone One bar Up, next bar down, Supply Zone had been confirmed after False Breakout Short: 306 -- when trend line beak (TLB1) Stop: 307.5; when breakout to higher High Target: 300; risk/reward=1:4 This is a trading school homework. I need few months to practice trading plan. If you like it, thank you for your...
Bitcoin has been in a very tight range for the last month, despite halving on May 11. It might not be ready to rally immediately, but the bullish pressure seems to be growing. Today we’re focused on the downward-sloping trendline that’s formed in the last year. It’s been a clear negative for price that needs to be overcome before buyers can return with...
happened today... in a heavy way !
Condition: 1. False breakout stopped most of the positions bought in the demand zone. 1.1 After big down move 1.2 consolidation in Demand Zone 1.3 Break through the Demand Zone 1.4 One bar down, next bar up, closed Higher than previous high. 1.5 Up bar closed Higher than Demand Zone; 2. Down Trend line break. 3. 60 min demand zone...
Maybe false breakout and forming evening star candlestick pattern.
as we see today, the friday closing was indeed... a false breakout...now still in a bracket market
the strong red bar that broken the wedge a few days ago signaled the start of 1-2-3 pattern at point 3 today, it will be an strong engulfing pattern it is also a false breakout of 1) horizontal resistance, 2) a long-term downward trendline and 3) 50 SMA I have three indices in mind: NASDAQ > SP500 > HSI, and HSI is always the weakest candidate for short ...
the broken ascending trendline signled the start of 1-2-3 pattern enfulfing candlestick at point 3 confirming the strong reversal the enfulfing pattern also false breaks a major resistance the 4th times 50 SMA was broken, this time seems real
need to identify whether the breakout is real or not on monday
HSI was running a ascending wedge the false breakout of four resistances confleunce resulted a selloff today the golden timing to entry a short position was last Wednesday as I had mentioned now I will the take half of the profit by the end of today and move the stop loss to entry level for breakeven also wait for a pullback (expected in this week)...
US dollar is weakening money seems flows to AUD, CAD and GBP NZD should be the next to break the wedge, followed by AUD the false breakbout trapped bullish buyers evening star candlestick pattern confirm the reversal
the index future looks bearish fib retracement 0.618 met engulfing reserval candlestick pattern broke back the resistance and then plunged the wedge, a very bearish pattern
price has been ranging forming a rectangle it breaks the most upper resistance and immediately close below (expected) the pinbar trapped some bullish breakout buyers setting a good scalping opportunity.