ON the Daily timeframe we have an M formation and we would like to see the price to retest the neckline before the continuation to the downside. Also On the monthly timeframe we can obviously see an overextended W formation which neckline aligns perfectly with the demand zone highlighted on the Chart. We want to catch that impulse to the downside with a good R/R...
US30 we have a nice clean M formation on the daily timeframe , we broke below support and the uptrend line with a bearish impulse, after a impulse we would like to see a correction before the continuation to the downside, we want to reach the neckline of the M formation, if we get the retracement to the neckline, then we will be looking for the continuation to the...
dow jones is going to be bearish in 4h time frame and a possible rising wedge is going to be formed soon
M formation confirm its bearish style
there is a fake lower high in the wedge and its going to cross the wedge soon
Visible, strong trend channel just about to hit the resistant zone of which expected to bounce towards the support zone, expected to sell long term. M formation.
May be forming a large W with the inner M formation acting as the 'lips' for the W structure.
If this scenario plays out, congratulations to all the holders.
Your patience through a very volatile coin has paid off.
At first glance you probably think "what is this sorcery?" But take a closer look, symmetry helps with these formations.
Idea: HeadAndShoulder
We don´t want to predict our idea, we want to
react, so when the longtrade hit our TP, then we´re looking
for some riversalpattern in the 1h timeframe , maybe something
like a M- Formation.
HELLO COMMUNITY,
HERE IS MY SHORT IDEA FOR THE UKOIL / BRENT CRUDE OIL.
IF YOU LIKE MY IDEAS THEN PLEASE LEAVE A LIKE AND FOLLOW ME.
1. D-CHART TREND
2. M-FORMATION LEFT SHOULDER
3. INDECISION (SEE SHADOWS)
4. M-FORMATION RIGHT SHOULDER
5. MY ORDER
BEST REGARDS
I usually don't trade this pair, in fact did all the technicals right now.
I see a bullish trendline that has reached a liquidity zone just below the monthly level, that trendline broke and came back to test the downwards trend, I think that still is going to go down., even tho that the M is now turning in a downwards triple top, it still has structure.
The SL...
Even tho we are overall Bearish, i think that the momentum could have died.
On the first inner trendline we did form an M in fact, but just over we have the monthly level, thats why I choose to stay out, we previously formed a W after a huge bear push, but not just after a trendline
Right now the price is failing to make lower lows and respect the lower counter...
as entered the trade on MT4 the price spiked lol
M forming at the lvl making lower highs, trendline broken
crossing of the Emas coming over, i would stop at the next level, but i think that the beginning of the trendline is a better target
