I'm applying a similar approach to Qualcomm, observing its interaction with a trend line that has served as both support and resistance for years, spanning over six years. This trend line is currently acting as a point of resistance, but given the robust market conditions and compelling reasons for a breakthrough, it presents an excellent case study. My charting...
After today's action of dithering around the pointy end of the wedge, we are beginning to see the geometry that will drive the coming drop down to the 3,950 level. Lot's of wedges, lots of drops, repeating until wave 5 falls just below 1.618x of wave (i). Timescales are indicative, but generally I find that "real life" takes longer so don't hold me to the...
Selby Geometric Extrapolation Structure for BTCUSD Bitcoin
Timeframe: 1DAY interval
March 2023 - May 2023
Exchange: COINBASE USD Pairing
Forecast: $28000 - $39231 (May 26th 2023)
With 'custom ratio' fibonacci extension levels
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
EURCHF are in geometric pattern and potential a bearish butterfly pattern.
This is a good trade opportunity to take.
Trade with care.
I will update at here if the trade opportunity is given.
Do follow and boost if you found this idea helps.
XAUUSD is trading a Cup & Handle Pattern on its daily chart .
The price is trading above the breakout:1808.170 and approaching the 38%: 1884.238
Tartge1:
62% 1930.601
79%: 1962.026
Tartge2:
127% 2057.654
162%: 2124.224
30 Degree angles are very cool!
The dashed lines are Support and Resistance levels derived from the geometry overlayed on price.
The Red lines are there to signify significant time cycles that are cyclical.
The last of which in this particular model lands on September 1st.
The circles are also very crucial in their own right and not all of them were added to this...
Marking this crossing of the silver line as an important event to watch. Im hopping for this to be the pull back needed to launch us into the next zone of value, then we can wiggle around there for the next year as the market rebuilds and blockchain revolution really takes hold.
Watch out for false breakouts and execute the trade with a trend confirmation
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it...
Watch out for false breakouts and execute the trade with a trend confirmation
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it...
USDCAD
IS forming a Diamond mid trend or top reversal on its minutes chart.
The price is trading the mid range of the diamond pattern at 50% 1.27506 AB.
The "Diamond" pattern is very reliable and consists of four-sided price action.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend.
It will present a...
EURUSD has formed an ABCD pattern on its daily chart.
Price is trading above the entry level 1.12075, after a diamond bottom pattern formation in the hourly chart
price is trading the first target 61.8% BCD 1.13119,
targets above :
78.6% BCD 1.13623
100% BCD 1.14168
1272% BCD 1.14979
Last week due to the FOMC the diamond pattern haven't perform at it should.
we can se today price is trading above the breakout level and approaching its 1st target 35284.1
pay attention to fake-outs diamonds are good at it, and always execute the trade after the breakout with confirmed trend don't be a dick for few pips
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation...
pay attention to fake-outs diamonds are good at it, and always execute the trade after the breakout with confirmed trend don't be a dick for few pips
by Constantino CM
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are...
We have crossed the 10% correction on Nas in rapid manner. The wise investor has a roadmap, doesnt blow their load in one go.
Using an arc that originates at covid low and terminates at the oct 2018 high, intersecting a long term nas trendline that captures pre 2018 support.
fib extensions of the spring/breakdown zone that we experienced between 15.5k and 16.7k...
