GLD is shown on this 240 minute chart with a falt top triangle drawn with upper and lower
trendlines for resistance and support. A volume profile is overlaid. Text boxes comment
on the basis for the trade and the use of the relative strength indicator. Price is low
in the high volume area confluent with the support line. I see this as a long trade set up
and...
BINANCE:ETCUSDT
Hello everyone 😃
There are two opportunities om #ETC's chart.
#ETC is moving in a rising wedge, Witch is technically bearish and Also If we ignore the higher line, There will be a bullish triangle ( flat top triangle ) formed !
So you can use the both side to take advantage.
- If #ETC break below the wedge, The you can take SHORT after a...
FOXF has been trading horizontally for a few months forming a flat top wedge (bullish) pattern. I expect this may continue until next earnings (Nov 2) wherein the wedge may break bullish. I'll be watching the pattern until then.
As well, many technical indicators are showing weakness from the horizontal trading, and I consider the stock now at a buy point...
There is a Flat top (or anything you call it!) in XAUUSD 4h timeframe and it's breakout successfully,
So 1860-1855 is a good area for Long position but maybe doesn't see that numbers again and goes up straightly.
GOOD LUCK
- The share looks to be in the late stages of accumulation with a nice pattern displaying contraction in volatility (flat top triangle)
- A break on volume could see price move towards the 200 moving average (weekly) which is currently in the R80 zone (The price it was in the beginning 2020)
- A close below R43 would negate the idea and be bearish for the...
On the USD pair it was forming an ascending triangle, broken already and waiting for retest to go balls deep.. interesting that on the BTC pair is forming a falling wedge and is looking juicy
massive Ascending triangle forming, setup invalid if we have a weekly candle close above RED resistance box
also keep an eye on possible Bullish divergence if any
#notfinancialadvisor
#DoYourOwnResearch
