Good morning, traders. It is now August and Bitcoin continues to rise as expected. Volume hasn't been significant just yet, so traders should continue to monitor movement. Yesterday's daily candle had a ~$500 spread which should have confirmed the pending reversal we had been watching for the previous few days as dojis were printed, along with the daily TD 9 buy...
NYSE:TREX is breaking out from both tirangle and smaller flag and is likely to attempt run until 90 level, where previous top is located. Target is based on triangle and wave (A=c) symmetry.
NASDAQ:JKHY may experience more downside in short term. Stock looks relatively weak in 2019, and after reaching corrective waves retracement targets, may go much to ~110$.
Entry: below 135.4 (or current level for more aggressive and less reliable trade)
Target: 110-120 (depending on how trade developes furhter)
Yesterday NYSE:CDE broke through bearish flag and is now targeting region at around 4$, based on the symmetry and current chart structure. There it should find strong support, for the move higher.
Potrential trade: Sell short @ 4.60-4.70 region
Risk/reward: 2 to 1 or 3 to 1 based on the entries, which is reasonable.
welcome to another free signal!
Important: We are currently close to a strong resistance. It would be way to risky to swing this one right now!
Wait for the breakout above the strong resistance and BUY! :-)
Target 1: 109,248
Good morning, traders. After making a high of $11132 this weekend, Bitcoin's price has seen some pullback. It appears that price may be printing a triangle as it completes the local TR. Currently, price is sitting just above the TR's EQ. It's never a smart idea to initiate a position when price is in this area. Traders will save themselves much stress and capital...
It is easy to spot flag patterns. They look like a pole followed by a triangular flag. Here you can see on the hourly chart how we reached the pivotal point at the end of the flag, before the price soared.
Like all the alts ETh also took a very big hit past week which is not normal for a bull trend. This wave down was bigger that the waves up almost. Not in %, but still, it should have never been this big. So what is very likely now, very small chance to see ETH simply recover this huge blow and go back to high 2xx levels again. Think best case we consolidate...
We are seeing a nice flag formation in the gold price. Such triangular patterns are always followed by a breakout that bulls and bears will be watching closely. Will it be a break higher, or a break lower? Which one are you -Bull or bear, or don't care??
A "Triangular Flag" pattern is generally a very bullish signal for short term traders. Basically it consists of a spike (the flagpole), followed by a period of sideways trading where the swings up and down gradually become smaller (the triangular flag). At some point, we reach the tip of the flag (the pointed end). The price can then break up or down from...