XRP gave us a tremendous breakout fakeout on the previous 1 day candle but closed above the neckline of the double bottom which is a very bullish sign...however we also closed under his pink descending trendline which is potentially the real top trendline of the descending triangle we've been in since back when the bear market got started. This trendline had been...
I've been reporting for a few days a H&S pattern on Bitcoin and Rejections that have confirmed on a Bearish Trendline
Obviously, this is found on many altcoins and forks such as Bitcoin Cash
I take this opportunity to add a simple analysis of transaction volumes, here on Kraken chosen for its (alleged) absence of wash-trading, but similar on other exchanges: we...
$85.50 is the key neckline support for $HYG as it bounces off the top boundary of wedge pattern. The neckline can be seen with multiple previous SSR levels. The downward bias is reinforced by the current SSR level for which price action is firmly pinned under.
With an earnings recession in progress and oil demand in question, it is inevitable to see some stress...
DENT is looking amazing - it just takes forever to form these patterns. But you can see how we have a bull flag to to take us up to the neck line and then hereafter we have an inverse HS Pattern.
PS. Please give a LIKE for the good signal!
A head and shoulders pattern has formed on the 1hr charts and the resistance level has been respected. If looking to short wait for the neckline to be broken then enter at your own risk (Remember trade with confluence and manage risk properly)
Markets are in the RISK ON mood which usually puts pressure on safe assets and currencies including the yellow metal. Here we see a HEAD AND SHOULDER pattern on the verge of completion!
The neckline will likely be broken soon enough as the risk ON markets dominates the appetite of the investors. Once the neckline gets broken we should see the selling pressure...
This is the retest I was waiting for: a few days ago I posted an idea on #T highlighting a broken head and shoulders pattern. Today's candle loos like the perfect retest of the old resistance as new support.
Today's pin candle shows buyers' pressure around $31.50 and this seems a perfect area to go long; as always, evaluate this trade based on your risk aversion...
After the dollar has climbed for the past 3 weeks, the price has started to drop from a high since the beginning of this trading week.
EURUSD has managed to close above a 1-week range yesterday and that signals for the price to climb further with the dollar starting to drop.
Therefore, we can look for intraday buying opportunity should the price pulls back, which...
The above snapshot represents the daily chart of the yellow metal. it can be clearly seen that the head and shoulder formation might just be about to completed soon!
The main chart (4hr) shows the channel has been breached with EMA 50 adding further confluence to downward move which could target the potential neckline of...
Silver has been in a bounce from 15.00 support level.
A double top was formed at 16.20
Daily trend-line was broken.
MACD and RSI bearish divergences occurred.
Price tested neckline of double top at 15.50 but seems to reject when an inverted hammer daily candle appeared at that resistance.
Downtrend may resume with a target at 14.80 support level.
We can see that on the chart there is building up reversal pattern - Inverse Head and Shoulders. This is bullish reversal pattern and important is close above the neckline.
Wait for pullback (neckline), it should be good entry.
Targets: TP area (agressive)
0.382 Fibo (0.7076)
SL: Below the right shoulder -> 0.70260
Wait for entry! Wait for neckline...
This should be a short-term trade. I'm convinced the market has no more power to push the price up. We need to see a correction with a good potential.
After bad data from CAD GDP last week we saw nice bounce from the bottom of bullish trend channel and also move out from Falling Wedge (bullish sign). Now the market grow so fast so I guess there could be a little...