Despite the sharp pullback last week, CROX did not break the near term support (adam & Eve neckline), and still forming higher highs and higher lows right now. Stronger resistance coming up around $84 so watch out here. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't...
Hi traders, EURCAD is setting up for a down side move watch price action on EURCAD and look for short. NOTE : My view or idea is just a technical base not combined with fundamental GOOD LUCK.
- The patterns highlighted is almost similar .. only differentiating in count of candles - Sustaining around 200 EMA. - only for study purpose
TAN - Invesco Solar & Wind energy ETF has a small head & shoulders formation. Price closed Friday approx at $80.00 neckline. 1st downside objective to fill gap $77.29. Top 3 stocks in TAN ETF: $ENPH $SEDG $FSLR
Hello,Traders! EUR-CAD broke the rising support And formed the right shoulder of What seems to be a H&S pattern So we are quite bearish biased On the pair and IF we see a breakout Of the neckline then The bearish continuation will follow Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
PDD had an earlier breakup of an Adam & Eve formation (@ neckline1) that subsequently failed. It is now approaching a more significant neckline (neckline2) and the earnings that is expected out soon could give a clue if the worst over and if the stock is on the way to propel higher, especially if it could continue to hold above the 200 day Moving Average. Let's...
Asymmetrical H&S pattern on $SQ. Breakdown of the neckline confirmed Potential targets of selloff around $66-$61-$56. Head and shoulder patterns have some of the highest success rates. I will wait for a pullback towards the neckline and potentially short there.
Uptrend still intact unless we breach the near term support @ 84. Bullish divergence is a harbinger that a near term bounce is in the works (note that any bounce from a bullish divergence is short term and may not translate into longer term trend). Watch out for resistance at 90 as it may experience another consolidation around there. A close above 90 will be a...
CVNA built a cup base formation over 2.5 months before breaking up a minor neckline@34 on 5 Aug with very high volume. It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42 Manage positions with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own...
Breakup looks likely looking at overall market momentum. Earning expected on 24th Aug after market close but could breakup before that. Should it break up, any near term retest back towards neckline will be an opportunity to stake/add. Manage positions with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and...
It seems bearish on the AUDUSD. It could be carried on to around 0.68. The AUD/USD breakout happened during the NFP.
the USDJPY price reached a daily resistance level ✔ and is in double top pattern ✔ the necklinel is broken & retested ! so, i predict a bearish move 🧐 TARGET: 130.763 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Missed this boat as it broke out of an inverted Head & Shoulders neckline (@ 127) and at the moment it is near a possible resistence around 136. Will be interested to buy the next dip and will manage trade with trailing stops just below the 20 day moving average RSI is strong at moment so the dip may not happen so soon. Let's see. Disclaimer: Just my 2 cents...
F's downtrend started to flatten out from mid June (trading between 10:65 - 12.45), eventually breaking above the "neckline" @ 12.45 on 19 July. It retested this neckline a week later and held, giving conviction that this previous "resistence" is now a new "support". Today it gapped up on strong volume as earnings had surprised to the upside. It is likely that...
If it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which...
The appearance of a reversal pattern on the lower time frame hints at a possible bullish potential for the Greenback in the nearest future. So, I am going to be patient enough to look out for confirmation around the neckline at 138.400 to join the potential rally. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs,...
Quite a number of beaten down stock are showing bullish reversal formations. SOFI is looking to form one such pattern, namely the Adam & Eve. While it is still way below the 200 day moving average, it's RSI is strong and might be worthwhile to "test" some water on these stocks. However market turns could still be a very volatile period until it can go above...
We can see a perfect break of triple bottom and retest of neckline on the 4 hour timeframe, heading to a beautiful long buy. We see a nice down trend and going for the resistance of the trend line. Just retested the 10 and 20 EMA.