Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily. Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level. Ideally, the volume will...
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We've been making higher highs and higher lows on the daily chart. BULLISH. 1) If we can't hold above 0.382 fib at $210, I'm buying 12/04 $205 PUTS. Once the lower support keeps $206 in play, 12/04 $210 CALLS. If the lower support fails, then the good news is; we've already got our puts :) 2) If the upper support keeps us above $210, 12/04 $217.5 CALLS. We...
Hello traders and investors! Let’s see what’s going on with Tesla now! As we discussed last week, Tesla is now in bull territory, as it is trading above the $ 408 again (red line). The false breakout didn’t occur, and the idea of a Dead Cat Bounce is off the table, at least in the short-term. Now, the momentum is bullish, and as long it keeps doing higher...
Eurusd is in a strong uptrend on the Weekly and daily timeframes. i am looking for a buy when price touches the weekly and daily timeframes.
It appears as though DKNG is breaking out of a bull flag, very interesting bullish cross on the KST. The first green finger on the KST back in April is what we want to see happen again, not like the red finger icon in July which basically resulted in choppy trading. Higher lows on the RSI and it's looking like a higher high is going to occur in the near...
H4 - Price has broken above the downtrend line and has also created higher highs. There are no signs that show the trend is over. H1 - Price has created a bullish trend pattern. We have a key support zone that has formed by the 38.2% (1724.29) - 50% (1718.13) fibonacci retracement zones of this bullish trend pattern. Until this key support zone holds my view...
D1 - Price reached the bottom of the range, price has created double bottom with bullish divergence. We may now expect further continuation towards the top of the range. H4 - Bullish divergence on the MACD histogram and moving averages, price has also created higher highs. Currently it looks like a pullback is happening, we may now look for bullish evidences in...
Litecoin's Bigger picture is at a fairly low price, the market recently broke out of its down channel showing signs for a bull move, now the market already went up and toke out some highs, Im not planning to just jump in now out of FOMO, if Litecoin shoots up now I miss the move and I go look for some other things to trade, if the market comes back down creating...
Hi All, GBPUSD broke out from its wedge consolidation, the market also just recently took out the most recent high, pullback at the Up trend line can be a good buy
D1 - 3 higher highs, higher lows, bullish trend pattern H4 - Price has created higher highs, we also have higher highs in MACD histogram and RSI indicator H1 - 3 higher highs, higher lows lows bullish trend pattern, we may now look for pullbacks and buys with bullish evidences.
D1 - Bullish divergence, higher highs, price is above 23% fibo retracement zone. H4 - Price is at the middle of the channel and it is above a strong resistance zone. Until the price holds above this zone we may look for bullish setups with more bullish evidences in order to start looking for the buys. Invalidation: If the price moves lower and breaks below the...
D1 - Bullish divergence, higher highs, we may now look for retraces and then buys with bullish evidences H4 - Currently it looks like a retrace is happening in the form of bullish flag pattern. If the price breaks above the top of this pattern we may then start looking for buys with more bullish evidences.
H4 - Price reached the bottom of the bullish channel and is currently moving higher. H1 - 3 higher highs, higher lows structure, we may now look for retraces and buys with bullish evidences. Invalidation: This buy setup is valid until the bottom of the H4 bullish channel holds, if the price breaks below the bottom of this channel then this buy setup will be invalidated.
D1 - Three higher highs, higher lows structure. H4 - Bullish hidden divergence followed by continuing divergence, trend line breakout. We may now start looking for buys with more bullish evidences.
D1 - Bullish divergence forming. H1 - Price is building up three higher higher and three highs lows. Once this completes itself we may then look for possible retraces to happen and then we may start looking for buys with more bullish evidences expecting possible continuation higher.
D1 - Bullish divergence, Bollinger band duplication. H4 - Price is verifying its own divergence. H1 - Two false breakouts and higher highs. We are in a condition of three higher highs, three higher lows. We may now look for retraces and buys with more bullish evidences.