Traders, Just a quick little update here. I pointed out this bullish triangle in a previous post. I had suspected we had one more small drop to 28,500-28,800 before any sort of breakout OR breakdown. So far, neither of the latter has occurred yet, but we have hit my support marked price level. That's great. Also positive is that we remain above this support and...
Today's focus AUDCHF Pattern – LH - Continuation Possible targets – .5920 .5875 Support – .5951 Resistance – .5875 Indicator support – MA sloping down, CCI 0 Cross Hi and welcome to today’s update. Today we are watching the AUDCHF and wondering if we will see a new continuation lower that will maintain the current downtrend. Yesterday buyers made a solid move...
Have you ever seen anything that can attempt to predict price trends 30 to 60+ days in advance? Other than Japanese Candlesticks, and quite possibly Elliot Wave, I've never seen anything have the predictive qualities of my short-term & long-term Cycle Patterns. This is a Daily SPY chart highlighting the cycle patterns that aligned with certain days. As I'm...
Hi, TradingView community and our followers. We’re taking a look at the AUDJPY 4H today as price has broken out of a triangle pattern and, for now, is showing signs of confirmation. Measured move rules suggest we could see a run-up of around 140 pips. This could take price back up to 92.16. before that, though, we do see potential resistance from 91.60. We will...
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Bluf: Golden Cross Mid-Sept 50ma/200ma Above our long trending Yellow Line Fib significant levels BTC 70k - Where does that target come from?
nasdaq is making a couple tradeable patterns, but all of the action is happening on the lower time frames for me so it's kind of hard to make sense of it on the higher time frames. This is more of a lesson than trading advice. Just some things to looks for when trying to make sense of price movement.
This is a price behavior approach, for education purposes. The Price will not travel in a straight line, and it takes a great deal of time & effort for an ongoing primary trend to change. The situation in the Aussie and Kiwi is similar and the approach must be the same, however, we have a hierarchy in our selection whether to buy or sell. When buying we prefer...
Hi guys. Just a quick post to show how perfectly our supports held. We still haven't reached our target zone (see previous posts); however, proper risk management should have dictated that you at least sold a bit of your holdings for profit. I still believe our target zone is in site. And then? One final HUGE hurdle as we look to escape our long-standing triangle...