SMH has falsely break out of the 98 double top resistance level on the back of some positive general market sentiment. However, the break was short lived and it has been quickly auctioned back into the old trading range. A false pattern is a powerful pattern in itself as a failure at one side of the range tend to fuel move to the other side of the range. Now I...
Well guys.. the divergence started right away.. The volume leads the way..Both equity to derivatives.. It's amazing to me that on rally days the problems globally are forgotten..Are these people high..I find it hard to go long on equity at this time.. From the largest shippers to the largest most popular phone and gadget company lowers by 10 billion to warnings...
Trading Doji candlestick as a stand-alone trigger signal is a bad idea. Price usually whipsaws around doji. Note #1: In technical analysis, the Doji candle is a neutral pattern if it’s used as a stand-alone candlestick. However, if the Doji candle it’s used in conjunction with the preceding price, we can establish a bullish or bearish bias. A whipsaw pattern...
why do guys like me who get NEARLY ALL OF MY CALLS ALMOST SPOT ON!!!!! get like 200 views with 4 likes... as seen here but guys like this www.tradingview.com who were dead wrong and this ARE GETTING LIKE 15,000 VIEWS AND HUNDREDS OF LIKES!!! I really truly do not understand does everyone on trading view like loosing all of there money? do they thoroughly...
Bearish setup on 4H in NASDAQ with tight stop loss. This is a technical setup, called Turtle Soup by famoous trader Linda Raschke. The trade is good for today only.
BMFBOVESPA:LCAM3 released results and the market made a breakout in the opening. However, the price closed below yesterday, showing a false breakout. We are expecting a correction in prices until mma21.
On the HTF we see BTC/USD create significant support zones at the $6,100.00 level. Price respected this support line several times as the lower highs using the $6,100 as a base creates a triangle pattern. We have already experienced a breakout which got us to the $8,400 levels with a retest and bounced back, using that former resistance trendline as support....
I think we need to test the established bottom before we could go up. I'm expecting COINBASE:BTCUSD to go down and the bots will stage a false breakout, after that we will probably stabilize around the current bottom or go up.
EURCAD failed to clear all stops and close above triangle resistance, causing a trend reversal. Furthermore, the price has pushed through the trend line support and it looks eager to test triangle support.
We saw a false breakout of the balance. For now we can wait for the retest of higher balance level and sell at 65.58 with stop 66.57 The target is the middle level of the balance (62.63 - target1) or the lower balance leve (59.09 - target2)
I felt uncomfortable when the candles move up and down in square wave in matter of minutes on H1 chart as if nobody is trading it. This movement shouldn't appear in a bullish market. Also, the volume for each daily candles are too low compare to panic selling during 2018-03-06 - 2018-03-17 and 2018-03-25 - 2018-04-01. The volume for each candle should be around...
-Description potential false breakout, price closed above channel but was unable to sustain this and re-entered the channel. i am anticipating price to fall to the support of the channel or moving averages may act as dynamic support so, i am anticiapting 2 enteries, 1st held till moving average (dark blue MA), 2nd held till channel support.
-Description potential shooting star with price closing below resistance potential false breakout of resistance currently my bias is a swing trade short to support line.
This looks like a bull trap after a retail breakout (0.77151) resistance. The trap is a clutch of sell orders ready to go in the 0.77219 - 0.77256 range. Sell in this range, 20 -25 pip stop. 1x and 2x targets are in range. Good luck Tim
We saw a false breakout of the balance and the price returned back into the balance For now we can wait for the retest of higher balance level and sell at 2785 with stop 2803,75 The target is the middle level of the balance (2733) or the low level of the balance (2696.75)
In this video ive analyzed our previous buy setup and made a clarification to previous buy plan
Is this a possible break out or just a fake break out. I believe this is an actual break out but i expect to come back to retest the trendline before heading back down. Regardless I have a pending buy or sell order depending on whether it returns back into consolidation or continues to move down. I have 20 pip stop losses for both scenarios
Short AUDNZD. False channel breakout on 1hr chart. Use the 5min chart wait for price to go down and cross 100MA to trigger trade, else abort. First target : 1.0688 Stop Loss : 1.0740