so ive been following LTC because i like the fact of LTC being the "silver" of crypto if BTC is GOLD. this is a very structured bearish crab. that i believ will play out in the next few days. today is tuesday 10:45 and we are approaching our D leg in the XABCD pattern. i will be buying ~$77.81~ low and swing for my D completion, selling at ~$95.25~ high. keep...
Along with BTC and the other major altcoin versus the USD, a pennant pattern is forming.
If we were to assume trend continuation, a breakout to the downside would be the more probable outcome. Should this occur, a projected target from the consolidation zone that has almost complete is shown @ 0.46 satoshi.
Great risk to reward should this pattern play out. Note...
BTC price still hovering near the high of it's bull run from last Thursday on the 12th.
We've had a break and hold above the yearly downtrend channel and created a bearish Flag pattern.
If we look closely we can see price consolidating and failing to close higher and thus a 1hrly Head and Shoulders pattern has forming horizontally along the Bearish Flag...
Hello traders,
2 nice harmonic patterns on CHFJPY 0.11% to hop in the trend.
Reason for entry:
Price broke a major support level on the daily TF. That gives me a reason to short any harmonic move's into the previous outside return.
Pattern 1 (blue) - Potential Cypher:
Entry: 113,882
SL: 114,577
T: 111,501
Pattern 2 (pink) - Potential Gartley:
Entry:...
Good morning traders,
USDJPY shown very nice weakness on 13 februari where the price broke a very strong support zone (daily chart).
After this break i am very bearish on this pair. I think the price can continue down at least to 104,100.
So this bat pattern can be a reason to get involved with a short opportunity!
Also the RR is very attractive..
Lets see if...
We startet comparing the short to trend and volatility in FTSE and DOW, the correlation changed friday and FTSE whent up og DOW30 down. Dow will take fridays points back monday morning and a good possibility of a pennant pattern. A low risk trade can be done if we break the fabonacci 61,8 and a more risky would be right now in fabinnaci 38,2 - 20650. If the DOW...
Applied Materials, Inc. has been dropping suddenly when the positive vortex indicator (discussed below) reaches its current level. This pattern has occurred seven times dating back to December 2015. It could be coincidence and/or it could be a great opportunity to haul in large gains with put options.
The positive vortex indicator (VI) is at 1.2955 and the...
ABCD-Pattern completed and formed some kind of false breakout / fals double bottom at closing
50% Fib retracement comes at resistance which is a good profit target. THe close if this 4h candle will privde further decision arguments
