if the formation completes by hiting 11800, next target will be 17200 but first the descending trend must be broken.
You guys must be carefull on this. LET CANDLESTICKS GIVE YOU A SIGNAL ON LOWER TIME FRAMES.
Here I am with my vision of EUR/NZD pair. It looks like we are at critical point right now. Potential break is becoming more and more real with every price drop below the line. This is a long-term chart and hence the reversal can open the road down to 1.61 support line. On the other hand, it could be a potential bounce upward. Should we jump into/out of the trade?...
Nicely profit %35. LTCUSD. “For Educational Purposes Only” Please check out my other analysis!
reverse head and shoulders pattern. not yet validated. but we may count head has already been formed. so we may take a position around 150 usd and specify stop loss as around 115usd.
Gun to my head, this is the pattern I think we see at the close today! en.wikipedia.org(candlestick_pattern) $SPY
The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore...
Good evening, i see an "sks" (in german) known as shoulder - head - shoulder formation with upward signs. If the price dodn´t hit the green line, i see the next uptrend comming. If the price falls down the green line, there will be a bigger correction. Greetings If you want to support me BTC address 138EsXDZVasDSCq3K9xBRYzmhtbPd7dYQS
QTUMUSD TradingView Calculation QTUM is hammering a large bullish flag formation. A break of the upper dynamic followed by a break and hold above 49 should trigger further strength back to the highs at 73-75. Look to buy the breakout on next dip back to 48. 2 strikes on the lower line of the flag means this is still 'hot' but it must now break 49 to stay that way.
BCHUSD Update What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out. Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning...
Tesla has recently been in the news with there new trucks. Traders are taking there profits and are closing positions. Right now there is a reverse cup and handle formation evolving. When looking at the MACD and the Stochastic there is a light confirmation. Keep an eye out on this one, to go for a long position.
Bitcoin BTCUSD Update If you got long again at the ridiculous hour of 11.30 pm est you're hard working and deserve your 400 points reward. Weirdly the crypto chat room was quite quiet with a guy from London waiting for the BCH burst to top out so he could bail out and fade the consolidation. London's finally catching on. 2018 will be so fascinating and fast...
GBPUSD Another Dog that hasn't Barked Today's price action shows big spikes either side of current price, denoting uncertainty on both sides of this fight. But GBP has stood strong as the Dollar surges...what is it likely to do when the Dollar stops? Sterling has spent all year defying the bears. By the look of the flag now forming that situation looks unlikely...
AUDUSD formed a 2x2 candle pattern on the 4h chart.
CADJPY has formed a 2x2 candle pattern at a resistance level. The level is not that strong. I would suggest to take partial profits at a 1/1 risk/reward. Place a sell stop order @88.045
EURJPY formed a 2x2 candle formation against a major resistance level. Put a sell stop @133.544. If the order gets filled, aim for a 1.5 risk/reward.
Hello All! Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow): If yellow wave is successful, it'll finalize the creation of major purple project. Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
After a final inspection after the market played out overnight it does appear to finally be in position for a a bull run. The 10/18 impulse wave ended on the 4th wave and started a diagonal triangle formation. The 4th wave overlapped into the 1st wave thus ending the initial 10/18 impulse wave and a beginning of the of the diagonal triangle formation. The support...