We have a Descending Broadening Wedge with a Partial Decline on Zcash at an .886 Fibonacci Retracement with some RSI Bullish Divergence on the Daily.
Last analysis was a bust. Lesson learned don't predict a pattern will form and ignore HH and HL. This i took all that into account and it played out in my favor.
The AUD has broken out of this wedge after confirming a partial decline and is now confirming the breakout level as new potential support if we can get some follow though we may at the very least see the 88.6 retrace to the upside.
A while back i uploaded a chart pointing out that silver was partial rising within a trading range and that the next time it hit the bottom of the range it'd be much more likely for us to break down and today here we are. I'm reuploading this chart as a relevant reminder of the impending breakout. I expect that we should get a move down to the .786 and .886...
We are breaking out of this descending broadening wedge after confirming a partial decline our logscale target takes us up above 1 cent to the 1.618 fib extension. this trade requires me to risk 60 percent of the position size so im not putting anymore than a thousand dollars into it.
BABA seems to have completely broken it's trend and looks to be preparing to reverse back down to where it started i think in the next few months you will certainly see BABA below $145 and worst case scenario it will go back to the 60s.
This Just like XMR is likely going to breakout and reach targets
I was waiting for the Risk to reward ratio to line up before posting this we're testing the old line to try to find resistance at old support here and that's allowed the R:R to be acceptable. Now would be the chance to enter.
Silver tried to breakout and failed then it also failed to gain any sort of bullish momentum on the weekly and now it looks to be ready to crack the support after having a nearly confirmed partial rise and closing lower than is has closed since becoming rangebound. The Measured Move of this range breakdown would take us down to the .886 retracement where i then...
ETH is showing Bearish Divergence and a partial rise in a Right Angled and Ascending Broadening Formation and we just got confirmation to enter short near the support level in the form of a 4HR Dark Cloud Cover Closing.
Hello everyone. just showing an update the previous trade idea. i secured and 42 pip partial profit. the pair may continue down. if the buy candle stick closes with the same body length or more, signal for a reversal. I was looking for a clean drop down. +42 pips in account is still good. :)
Short term day traders should observe the rectangle range we've been trading in since the 24th, after the sudden drop. I have drawn the bear flag that has setup this pattern. Now, after 3 touches on bottom and 2 on top, it seems we have a partial rise. That is good news for the bears as this typically indicates a breakout of the pattern is impending. As part...
BCH is forming an ascending broadening wedge and can break down anytime To catch this trade we have 2 possibilities 1) We get confirmation that the pattern is a valid one once support trend is broken and we can place a short order 2) We retrace to one of the horizontal support levels and get a rejection, this would imply a partial decline and we can place a...
BCH is forming a descending broadening wedge We have to wait for a close above resistance trend line to place a buy order Though i expect a rejection here followed by the formation of a partial decline which would be even more interesting to buy since partial declines predict the breakout direction (upward) and works 79% of the time TP as shown in the graph
I see descending broadening wedge on BTC and it might be forming the partial decline which would trigger a long position We have to wait for reversal candle in the buy zone TP as mentioned in the graph
BTC/USD is forming a broadening bottom The performance of this pattern is not the best but the partial decline does a good job of predicting an upward breakout TP's as mentioned in the graph
BCH is in a broadening descending wedge, price touched the bottom trendline 3 times and is now forming a partial decline so we can expect an upward breakout SL and TP as mentioned in the graph