Reasons to buy: 1) Inverse H&S at the bottom of a downtrend 2) Bullish 1H Divergence 3) Forming a descending wedge after a strong push up My personal details: Long @ Entry: 1.1547, SL: 1.1500, TP: 1.1685 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25...
If this doesn't look like a #proshares inside job, I don't know what is. Everyone lost huge, even though we are seeing VIX decline today. Noone deserves this. Lawsuits soon for sure, especially due to the fact #proshares decided to resume trading, unlike XIV. What a mess.
Textbook inverse head and shoulders so we could be seeing a retest of the 118.00 levels as a first longer term target. With the DXY having reached 3 year lows we could potentially start seeing it correcting, or even reversing to the upside which in terms mean a rise for this pair. We can also see a nice flag formation which could be towards its end. My personal...
BTC is testing 5800 again if it breaks out next will be around 6200$ if not strong sell is expected due to profit takers and settle around 5600$ RSI confirms if you agree with me let me know in the comment bar
There are two ways to look at this chart from what I see. One, there is a double bottom, which also happens to form the bearish triangle. If there was massive volume displayed by the RSI, I would think this could be a reversal signal. But there isn't. Price didn't bounce with much bullish invigoration. The second pattern I see, is an inverse cup and handle...
Seems that everytime BTC goes up, LTC goes down. If BTC goes down, LTC goes up.
AUDUSD Sell evening star + possible trendline bounce followed by a possible inverse head and shoulder ( i ll look for buy opportunities ) and I ll look to stack another buy after the broke and retest of the major trendline drawn on the chart.
Potential Inverse Head and Shoulders Forming on the Daily
Gold has fallen through a support level - or the Inverse Gold ETF (DGLD) has broken a resistance level depending on how you look at it. Inverse Gold momentum is up and has been oversold since the beginning of the year.
This is not a signal but just an idea of what could happen.
If the stock breaks below the 100MA, there is nothing left to support it. My bet is that it's going to go in the 31$ area. On top of that the elections are coming very quickly and this creates a lot of fear in the market. So if it breaks below the 100MA, I will be buying TVIX and VXX
Potential inverse head and shoulder pattern forming on the 240 TF, will be looking for a bearish RS down to 23.6% fib, then a bullish leg up to the monthly TL and look for a possible breakout. Just an idea on the current price action, let me know your thoughts!
scaling in here, watching bull flags and continuation patterns develop
good inverse eft-cci and percent r moving us why these are important in our book on amazon-stoc crossed-money flow good-stop loss on thursday close-first area of concern 50 ma and cloud
Possible 123 trend reversal + possible inverse shoulder-head-shoulder formation => Entry @62.81 (123 trend reversal) and/or @ neckline of inverse shoulder-head-shoulder formation Possible taget values: filling of open gap @65.43 and target value coming from (possible) inverse shoulder-head-shoulder @ around 70.00 Possible stop @ around 60.00 (support by EMA20,...
Im long once price crosses above the green line in a 30 mn or 1 hr time frame. Market is exhausted and sitting on key support. The white lines are possible price action movements (definitely not gauranteed) that has a high chance of happening. usually the market likes to make an inverse head and shoulders or double bottom when it reverses so Im guess this bear...