Confluences:
-Daily M pattern
-Price broke out of consolidation range and it's retesting it
-Price is also at a major zone (now resistance) and has been under it for multiple 4h candlesticks indicating lack of bullish momentum
-It's a beautiful 4.5 risk-reward
Tell me what you guys think!
Hello Traders!
It looks like Dogeusdt Is dead now. Only Elon Musk's tweet can Save it or a deal with big names can push the price up.
Let's talk about Chart analysis
I am analyzing dogeusdt from 6 feb and the patterns after that all are common patterns and it forms again and again. I have also mentioned this in my analysis.
Dogeusdt failed to move up from the...
Hi traders and welcome to my channel ... pairs in the uptrend creates a bearish rising wedge and as you can see at the end we have an M pattern and also a lower high for price and I think the price going to touch daily support at the level of 0.67433 and then up to the neckline of M pattern …and also we have consolidation in that area.
All info can be found in...
there is the big picture of EURUSD trend and future behaviour
also M pattern were shown up and 2 divergences as fellows
Plus the strong S/R will help traders to close their position or loose the bet size
Hello Traders!
XAUUSD has formed a reversal M shape Above the Major resistance which is currently support but this support will again turn to a resistance soon.
Gold has also formed J pattern Shape which is a reversal pattern. For more details for Complete move of Gold check the analysis Below.
Go for the sell now with tight stoploss. The first Target is at...
Hi, let me tell you about my two girlfeiends, GBP and USD. I'm in love with this pair. Fundamentally news support could help us wrap up the bulls session today by 14:00PM ...The bears are likely to gain momentum but the big question is, for how long though? The bulls did some serious pips in just 2days, I don't think they will back down easily.
The price forms Double Top or M-Pattern that it is expected to go down until the next Demand area below. After that, the price will follow its main trend direction; Uptrend on Daily. The price is expected to touch 0.5 line of Pitchfork which confluence with demand area (the grey box) before going up, or, touch the outer line; 1.0 level; of Pitchfork which...
Clean and straight forward. Just following up from my previous GU idea. Still short on this one due to a potential M forming. Will be adding that to further analysis with a few indicators to wait for a push to the downside.
i'm still short here. haven't entered yet but the trend could be picking up after the movement yesterday. i could see price continue to drop. "M" pattern has also been completed.
Looking to short GU to complete a prominent M pattern. Will also be looking for overbought conditions as well as an Alligator crossover to confirm a short bias.
Forming a W pattern
has previously formed an M pattern if you have heard of this one before
W pattern is simply the inverse
looks good for long to reclaim trend line
Price should retest resistance level to create a lower high keeping in step with the current down trend being formed. Also noticed green line crossing up on 1HR chart.
