Evening Traders! Today’s technical analysis will focus on REPBTC, in a valid broadening wedge formation with a failed partial raise at structural resistance. Points to consider, - Trend bearish – consecutive lower highs - Structural resistance being tested - 200 MA – local support - RSI trading in a channel - Stochastics in upper regions - Irregular...
Hello everybody! Today I stumbled over the ETC/USD chart and saw this lovely Ascending Broadening Channel with an Ascending Channel Inside. It looks like an easy profit if the market continues upwards for a few days more as minimum. Bitcoin SV/USD just broke its formation strongly yesterday and it looks like DASH/USD could break its formation today. The...
UCAD is forming a rising wedge reversal pattern. Price is starting to slow down which gives us an indication that we may soon reverse. Based on previous reversals for this pair it typically makes multiple rejections at resistance before finally falling. This looks like a really good opportunity next week. If resistance holds we will take a short position. I am not...
Thank you for your continued support :) Strategy: Moving Averages Formation Bias: Bullish As seen in the chart, the Year-Line, Half-Year-Line, and Month-Line are moving in bullish formation, while the price is currently in triangle consolidation above key fibonacci level of the long term trend. Entry: 1.21 Stop-loss: 1.15 1st Target: 1.43 2nd Target: ...
FTV has quickly developed a bottom formation even while High Frequency Traders attempt to run the stock down further. Hidden Dark Pool Quiet Accumulation is moving price upward.
USDJPY is going to break this formation as the wave formation is completed. its going for the trendline below.
Three black crows candle formation. More continuous downside is coming. it will make more corrective and sell patterns. we should not buy this now against the trend.
This is how Sia will play out until BTC halving in late April (notice i say late April?-Why?, well b/c that is when this will spike, we think ;) -"ATBT2Y" What does this mean? First to comment on your opinion for Sia, and correctly gues the 6 digit acrynom, with video or chart stating the next few months of SC and reasons why, on above acrynom gets a crypto...
DOW returned to the listed companies, and it is completing its new IPO bottoming formation with a strong Uptrend.
TWLO is forming a short-term Rounding Top Formation with support nearby. There is some Dark Pool Quiet Rotation™ that is increasing the rounding action on this chart.
I see the most recent uptrend as a part of a pennant slowly closing. Therefore I'd recommend going LONG until 110.300, then go SHORT from there :)
Aussie dollar rejected a strong support level. Can the bulls push it higher? Aussie dollar has a strong downward tendency from a multi-timeframe analysis. Rejected a strong support at 61.8 fib indicating possible ABCD Let's watch for formations.
Looking at the chart above, you can see the original daily structure break to the upside, shown in blue. Then you can see the H4 structure which is forming, shown in green. I have entered the long for wave two on the H4 structure. Happy Trading Linton White JP Markets South Africa
Equities forming a pennant. Usually these are continuation patterns. A measured move down from flagtip would expect to make a bottom half of flag-pole equal to top half, for about 1800+ pips; this would drop index near 24200, or a bit less. IMO the Megaphone Trend is still dominant. A breakout to upside is still possible if global events magically resolve...
Hello Traders, Welcome back to another chart, today's chart will be on NEO, formerly known as Ant-Shares, surely a re-brand back? Points to consider, - Price testing resistance zone (Red Zone - .382 Fibonacci Zone) - RSI bouncing of overbought region - Stochs showing downwards momentum - EMA's action as support for price at current given time - Volume is near to...
Just throwing some lines on HSBC (HSBA) . We have a broadening channel, higher highs and lower lows on a 20 year timeframe. Currently in a downward trend on the monthly, just about holding historical support. This would probably be a good place to exit if we are expecting a market downturn. "These formations are relatively rare during normal market conditions...
Due to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile. We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed...