Watch closely as the right shoulder is about to make a critical movement on the weekly chart that could signal price reversal. RSI indicates $LTCBTC has been oversold for a significant amount of time. FIb levels on the weekly provide STRONG support levels.
Counterparty has started to bounce off a horizontal supportline, that has been visited 4 times now on the daily candles. One could argue that this graph is also showing "the lately so often seen failed shoulder-head-shoulder" pattern that I was reffering to in my Zcash idea (https://www.tradingview.com/u/yuri72/), but I am not liking the shape of this one ...
If we look at this cart we see a couple of trends. Overall, we see an upward movement, to a peak around $4400. As we look at a volume indicator, the RSI, we notice the the very highest peak had lower volume than the peak before it, leading to what is called a bearish divergence, drawn by the red arrow over the bottom indicator. After this there was large volume ...
Im 100% against gold right now. I would have bought NUGT, but the stock just got through the support line and it forms an head and shoulders pattern. Thats why I went against gold and bought DUST
WTI: USOIL: A newly formed head ans shoulders top formation now in play with a downside target at $44. Look to sell rallies from here until target is achieved.
Price has been rejected... aditionally it seems that a head and shoulders pattern can be formed, so for me... this is a good time for short... what u think guys and girls?...
EURUSD just broke the neckline of a head and shoulders pattern. Pair is also pivoting off a yearly and quarterly pivot point cluster. Only obstacle is the yearly pivot level, if that breaks, I expect the head and shoulders measured move to happen which will also fill the GAP many FX brokers have on their charts. Yearly pivot could act as a pullback area to the ...
