The 1hr chart is looking like a bear flag as it bounces higher and at resistance now. The good news is that prices found support right at the breakout point which is support now. On the 4hr chart, the support level corresponds with the 22 EMA. The 4hr view looks positive so if we see a break lower from that bear flag on the 1hr, it may be a buyable dip with the...
Silver looks to be showing a little bit of life today with a large bullish fake-out from a bearish pennant. That is price has been dropping consistently week after week with multiple bearish patterns forming. Another bearish pennant finished forming and price today broke to the downside but staged a very aggressive comeback, back above the pennants bottom...
Analysis and live trade of the GBPUSD
The patience, discipline and accurate technical analysis has finally paid off in a big way. For those of you who were on the right side of the market with me, congratulations. After more than a week of consolidating and multiple bearish signals on the hourly, daily and weekly charts, price has finally broken out of it's range in a very bullish manner. Some of...
In this video I cover a few of the price action patterns that formed last week which became quality trade setups themselves. I also take a look at the most current price action and what it is telling me about where the market may be heading this coming week. I only cover a handful of the patterns as there are many other patterns at play such as rising triangles...
As predicted in my analysis last week, Ethereum has begun blasting off. Prudent traders were watching the bullish flag pattern that had form and watching for a breakout of the upper channel of the flag. Due to the very large size of this pattern we could see quite a large rally in the days, weeks and even months ahead. If this is a pattern you are trading or...
There is a fantastic, high quality flag pattern that has formed in Ethereum. I just posted a video about the morning star and pinbar bullish setups in the daily candles and now we can see a strong bullish flag pattern in the hourly chart. This is creating a confluence of signals that all are pointing to a bullish breakout. If the breakout occurs it could set up...
The reversal flag that I identified yesterday has broken to the upside as predicted. Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move. In this video I perform analysis on the pattern and the type of further price action I will need to see before I become a...
EURGBP About to start the next move up - As it breaks out of its flag formation we can look long on a break of the 200EMA
Price broke below both Weekly Trendline & Support level, failed retest on Friday and posting a nice flag now. Waiting for Candlestick action.