ARB has been trading bearish for the better part of three months now. During this period, a falling wedge pattern has emerged on the chart; lower-lows and lower-highs. In my view, it's likely that ARB will continue to trade within this pattern for the foreseeable future. Keep in mind that we've got a FOMC interest meeting tonight which could cause some strong...
A couple of weeks ago I made an analysis on BTC and the presumed Elliot Waves pattern it was trading in. I wrote that it was possible that ~31k was the 3rd wave top because it aligned well with an overbought RSI. Looking back, the previous analysis caught the top quite well. Like mentioned it all my previous Elliot Waves analyses, I see it likely that we're...
✅USD_JPY has formed a bullish Pennant while trading in an Uptrend so when we see A bullish breakout from the Pennant we can go buy LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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Finally, the minor downtrend IDX:ARTO has been broken. By using Fibonacci Retracements, I set the target price cluster ranged from 3080 to 3470, then I picked 3280 as a base level to calculate its upside. It can give us 28% upside from current price 2540, that's premium!! Let's think positive, and buy & hold!
Isn't NIFTY making a rising wedge on a monthly chart? Also RSI is weakening, What are your views for nifty in long term?????
We are currently at the point of interest and i am seeking sells but I am waiting for a sell signal from the algo. Overall the market seems bullish but I can see price retracing from this level before going higher. We are trying to catch the retracement. If price does not retrace from the current level in order to take buys I would need to see a break and retest...
Analysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the...
BUY ABOVE - 18550 SL - 18500 TARGETS - 18580,18610,18640 SELL BELOW - 18500 SL - 18540 TARGETS - 18460,18420,18380 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
GBPCHF currently trading converging triangle and making support around 1.11500 region with in triangle . Will it break through triangle for bullish trend ?
Finally the price has been broken the wedge, find a good entry point and enjoy. you can take your profit at green levels (21.30, 22.78, 23.68)
on last analysis of Solana I mentioned that the wedge is controlling the price ant it is risky to get short on Solana. and as we can see the wedge still is valid and we recommend to don't go for short trading and for long it needs break conformation.
COMEX:HG1! One word - CLEAN! What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks. Pattern - Triangle/Pennant Highs: 4.2100 Lows: 3.8255 A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower! Currently, as long as we...
Fundamentals The fundamentals are obviously strong after the last year and a half The revenue and profits skyrocketed as the price of oil went up. All the measures possible are flashing green, whether its EPS growth, ROE, ROA, debt-to-equity etc. Valuation is still low , just like the wider energy market, due to ESG reasons and just a general...
In my last FTM analysis I talked about the potential Pennant pattern that FTM was trading in. After founding temporary support at the bottom of the wedge, BTC continued trading bearish and dragged FTM down with it. As a result, FTM has fallen through the support and is currently looking bearish in the near-term. Before any chance on a reversal, I think we have...
hello friend this is my opinion about usdcad dont forget money management
this looks like a cup and handle pattern about to form ... add to your watch list and be on the look out for more confirmation .
LTC has been on a massive move over the last couple of weeks, arguably in anticipation of the LTC halving. After a week of sideways movement, LTC has finally broken out of the bull-flag pattern and is resuming upwards. First target at the most recent local top, second target at 100.