The closing of the candle above the trend line of this technical pattern indicates the beginning of the uptrend. However, investors will have to wait again for the candle to close above $ 61.09 to ensure the uptrend begins
In this scenario, the price reaches $ 79.68
Lowering the price below the support level of $ 50.58 causes the sellers to...
Possible routes of LTC movement
The market has not yet provided a clear sign of the end of the correction process that we can be sure of recovering
Assuming a steady sell-off in the market, a strong Kendall close below $ 160.86 a day could push LTC to the bottom and support the bearish sentiment
In the event of such a decline, market participants can expect a 10%...
Gold has been on a bullish run after reaching the trend line in the previous post I outlined for you all. I need to see some exhaustion and price action failing to break above the sell off (1757.919) which is looking like the head of a head and shoulder pattern. The illustration reveals a possible right shoulder forming which is a bearish signal. Remember, JP...
ADIAL saw an increase in volume and runup to 3.30 after which we saw a retrace to the 2.18 support level that held nicely. The upward trendline has been holding consistently on the daily and weekly charts. I am looking for a bullish engulfing or gap up opening with retrace to higher low to confirm the breakout continuation to test resistance at 2.82. If we can...
Market is currently ranging
If the price breaks the support and closes below 136.930,
- TP : 136.250
- SL: above the previous candle
If the price breaks the resistance and closes above 137.450
-TP : 138.150
- SL: Below the candle closed previously
Price has been in a strong uptrend however two strong supply levels have been identified as circled and price has been struggling to go beyond them .The good part price is approaching a fairly reliable zone which is not fresh however we might look for buy confirmation and take 35 pips .
Price action trading on AUDUSD from my idea has shown a bearish sign, after the Rally to 0.62196.
The trend line breakout already occurred with a retest around 50% in line chart.
My bearish confidence is boosted by this signal.
While the price is above the support 6000.00, resumption of uptrend is expected.
We make sure when the resistance at 9774.80 breaks.
If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.