Lots of TA guys that apparently very recently found Wycoff theory seem to think that we are in Accumulation after just a single markdown and I don't see the case for that currently. A period of long term accumulation will lead to a mark up and then a consolidation in reaccumulation. Likewise when things begin to step down there is a distribution, markdown, and...
I am neutral right now because we need more information. I drew in different possibilities that I think are possible. If we never touch the trend line again then we would most likely dump down. If we do touch and break through, we have a chance of running up to the next resistance. Even though the target is around 2.8k, I think that we would get rejected at the...
Seeing head and shoulders forming again. Looking like we may see another dip to 30.7k or lower then another bounce up to crabwalking territory again.
$BTC is showing a potential head & shoulders formation on the weekly timeframe. If pattern plays out, this puts Bitcoin at price of 20K (downside move the length of the head is 40%)
According to the patterns, we will have an upward movement Good luck
Head & Shoulders confirmed on the daily, if plays out expect downside to 1.366
+* Apply some caution if you are planning to buy the overall structure looks bearish *+
All information provided in the video. Please feel free to ask questions and your views in the comment section. Thank you and trade safe
All information provided in the video. Please feel free to ask questions and your views in the comment section. Thank you and trade safe
JMIA Inverse head and shoulders pattern (target: +40%)
All information provided in the video. Please feel free to ask questions and your views in the comment section. Thank you and trade safe
Following an impulse towards the downside, a H&S pattern formed (as a continuation pattern), confirmed by a cross and retest of its neckline and a further push down to complete the first price objective. The entire move is not complete however, another continuation pattern seems to be forming. What we will wait for is confirmation by a cross and retest, to take to...
Hello friends , Today i have the Technical Chart Of Hercules Hoists . Friends as you can see here that it is making Inverted Head and Shoulder Chart pattern which means it can go up and Because it is a very Nice Head and Shoulders so for its Breakout is onn upper side and so for it it going up and broke Its Neck line .Its Target You can take is at 220 Rs and Its...
NZDCHF 4H 2618 Oppotunity from Doouble Bottom Pair has almost retraced 61.8% from it last move up from a Double bottom and currently resting on 75MA. Current expectation is 1.27% extention and an equal measure move up. Utltimatly it may result in an inverted H&S but that will only be confirmed on break of neckline.
As you can see the chart has already formed the left shoulder and the head. If you kept an eye on the British pound currency Fundamentals, the news tells us that Great Britain is currently on a no Brexit deal which means that gives us our "WHY" to sell the pair. Disclaimer: Trade at your own Risk!
So, after a huge drop in the last weeks, we can see gold reaching a double support - to the liquidity zone I mentioned and to historic 2 years uptrend line. We can also see a might be reverse head and shoulders if we go long from here which probably going to break the resistance for ATH. on the other hand, if we reject it and break the supports, we might see gold...