Currently, I see a potential Bearish "Megaphone" pattern or potential Bearish Broadening wedge. Short-term bearish assumptions for the gold price are the potential targets 1, 2, and 3; that's the strongest support. Technical analysis Plan A: If the price can break out and close below the potential target 3, I reckon XAU/USD will keep falling to retest the...
Looks like a bull mega phone pattern formed here on EPAZ. I'm looking to enter manana
Sometimes, it doesn't need much technical analysis to figure out the price action expectation, the low was predictable so will be the next top :)
If we get a push here then next target would be IH&S pattern bottom up to neck line around 4240.
This looks Short term toppish to me guys I expect a break thru and a run to 4600 but to expect a quick push to 4600 is a bit naive IMO
Trade at your own risk, GLTA!!
Hey everyone Hope everyone is good having a good one its still a new week lets see how it goes, Here's a look at the EURO / DOLLAR from the 4H * The pair has been trading in that MEGAphone / descending channel respecting structure to an extent the structure has held. * The pair has been trading around 1.19, up from the 2021 lows of 1.1836 as US...
like I said bottoms likely in, now we should head back to 4,050 then we re-evaluate from there.
Chart says all. Bear Trap forming, don't get caught! Indicators are rising, probably got a retest dip to the TL and then bounce like mad. Be ready! Trade at ur own risk, not advice; GLTA!
Wave 5 is complete and we are at the crossroads. On one side we are in the midst of the destruction of the dollar and starting stages of hyperinflation, on the other side so many dumb "investors" are trying to play the market and they have no clue what they are doing. Margin debt levels are at the highest level in history, the crowd is so convinced that this time...
check for bearish turn to check 3910 support
Hello,Traders! AUD-CAD is trading in a bullish megaphone pattern However, we never know when will the megaphone breakout Therefore, since now we are seeing clear bearish signals on the pair Which are the double top formed below the resistance confluence We will expect the pair to fall locally to the nearest support Local Short Sell! Like, comment and...
this decided to take its sweet time, but looks like it's ready. if earnings go well, we should see a nice move to the top of the megaphone then potentially higher.
In Theory, also using BTC Dominance chart to support this. Eth looks as though it has had 3 waves up, and seeing if it has peaked against BTC, looking to confirm with a move down below 0.04000 to confirm megaphone pattern on the pair. Will consider starting a pattern of converting back into ETH mid-way through the megaphone, or lower if it is offered. Have been...
° BTC Good evening everyone, a second update of today, I posted earlier the support levels of the falling BTC! I just wanna give an update, since October 2020 Bitcoin was in a so called megaphone as you can see on the first pic!📣 The upper part of the megaphone was acting a resistance and was tested 5 times!! Right now, there's a chance that this megaphone...
The S&P 500 Index(SPX) closed Friday at $3,768.26, down -56pts(-1.5%) on the week. Price marked its 8th weekly close above the upper line of the yellow broadening wedge pattern which for now indicates a successful breakout from the consolidation pattern. After hesitating just below the 127% Fibonacci extension(based on the 18Feb2020 high and the 23Mar2020 low...
Bullish set up on Fastly We have a huge gap to fill and a megaphone pattern. Let's see if we can go fill that gap and move towards the top of the megaphone.