Measured move leading into daily 377ema (blue line) and monthly pivot point. Either that acts as resistance or it ends up closing above the yellow trendline there will most likely be a move up to at least the 200sma(green line) If the daily closes below 7100 this idea is invalidated. - Not financial advice.
Another day, another descending triangle. I first tried drawing this on the 4hr chart, but without being able to include the support touch-point of December 2nd, I've gone with the Daily chart in order to have a minimum of 3 touch-points on both support & resistance trends, with sufficient time in between. There is an interesting difference between this descending...
The entire cryptoverse is focused on the bullish 1h inverse head & shoulder pattern with a measured move target of $7620 at a time when longs are over leveraged at 83% vs to shorts at 17%. The key bull break pivot is $7400. I consider this a dynamic candle stick pattern with a 2h candle close “hidden” descending triangle (that no one is talking about) with a...
As described in the chart Bigger Picture
USOIL bears delivered a bearish gap, the first one in a while. Impatient shorts will cover at current measured move target level, which will apply pressure making bulls excited towards 5650 gap re-test. The retest area is a reasonable short with good odds as the context to the left favours bears currently.
Hi, guys, the market is in a gloomy mood. Pump and dump have occurred from time to time for the last two weeks. Overall, BTC price has gone through a measured downtrend movement for the time period which is not friendly to traders, because not volatility means no trading opportunities. So any hope of a turnaround this week? Let's walk through the technical...
VPVR (Visible Range) shows median traded price at $9180 level with the support level of the descending triangle at $9020. Note this is also the 200 Day MA level, therefore this is not a short call. The measured move of -8.5% calculates the price target of $8250, which is another VPVR level of median price from the recent volume history from the breakdown of the ...
As described in the chart
Good morning ladies and gents! I have spotted a Scuffed Diamond Pattern. The measured move of this to the up and downside is about a 3.82%. It's only a matter of time until we breakout. We are approaching the apex of this pattern. It looks like a long ways away, but keep in mind, this is the 1 hour time frame. I would use the 4 hour, but you have already seen the...
Possible shorting opportunity coming up @ 121. -Equal measured move -Trading below 200MA - RSI pushing overbought Lets see how it plays out in the coming days
After almost 3 months, 90 days to be precise, this week XBTUSD finally broke through the bottom of the descending triangle it has been in since June. And it did so rather violently. It is now discussed if the bottom has been reached, or if there is more room to the downside. I have bad news for you. According to traditional TA, the price target of a break down of...
After breaking out of the symmetrical triangle to downwards support , Bitcoin now appears to be forming a bear flag that would target the 50 Week MA around $6,750 if broken to the downside. For all those who thought $6k prices weren't possible again, remember that we have already dropped from $10k to $8k. Price otherwise needs to stay below $8,450-$8,500 to avoid...
In 2018 there was an accuracy within 0.25% ($16) of the measured breakdown of the descending triangle . The calculation equaled $3,145 (-48.2%) with the low arriving at $3,129. Based on the 2019 Daily descending triangle , the measured move of -32% takes the price to $6,410, give or take $16. If this Daily triangle is breached to the upside I will calculate the...
***Possible*** EURCAD long depending on your rules for entry... waiting for the close of the daily candle and i'll be looking for long opportunities. Equal Measured Move Hammer candle forming BCO took a hit
Looking to make a measured move down to join support.
Equal measured move on the EURNZD could see a big move down or a minor correction before going higher.
Step 1 Find AB leg - price movement with lower highs Step 2 BC retrace leg not rise above 61.8 fib Step 3 Sell on CD leg break below Pivot Point B Step 4 take measured move from AB leg & clone to CD leg to find estimated TP @ 105.415 Step 5 SL above pivot point C Measured Move Chart Pattern Strategy link tradingstrategyguides.com