Accumulate shares near S-line here ahead of break to upside. Target = $50.
Both the Running Triangle and the Rectangle are continuation patterns. With the recent trend being down I would expect lower prices on a break of 1.2870. A break above the A wave high would target resistance and the 200 day MA at 1.4070.
From January 1 inside the box. What experts say, if you want to evolve, get out of the box !!!
Despite reported second quarter loss of $2.9 million that did not meet Wall street expectations, VNRX (VolitionRX) might look quite bullish in a distant future. Three weeks ago there was a bullish engulfing at the bottom of a enormous rectangle which should imply some bullish momentum. This is why we go long with this stock with TP near the upper boundary of this...
AUDCAD is ranging for past 24hours in hourly timeframe, so I expect a breakout out of this rectangle. We can enter the breakout direction once we have valid confirmation. Keep this AUDCAD in your radar and watch closely, enter on the breakout with stops. Happy Trading !
Major uptrend has been broken with a downtrend now BULLISH MOMENTUM is showing insce touching 116.926 level where the TP os 117.737 can be touched. STOCH and RSI confirm decision. Ema shows price is hovering around the average.
Past few months making Sideways or Rectangle Pattern (335-365) Break will be either one side.
It is difficult currency to predict at the moment. The BoE are meeting on Thursday, where they are expected to lower interest rates; this could see the GBP slump towards 1.25, as per all the economists are forecasting. Anyways, at the moment you can classify the pair to be in a rectangle and a wedge shape; if the wedge breaks bullish, then the resistance will be...
The 1.054 price has been respected since January, if this price breaks before a retracement expect upside of 1.07. The price is currently in a rectangle consolidation phase, and has been since mid June. Until this breaks, look for scalps.
low risk, short term buy excess price from rectangle before, now price closes higher
BIG JUMP REACHING HIGHS SHORT OPPORTUNITIES AVAILABLE RSI and Stoch confirming
uptrend is ending for the hour high are being tested the stochastic is also confirming my decision.
do a buy order at 1.45552 then follow the TP AT 1.46366 AND SL AT 1.45306. the stochastic is oversold below 20, 9 and 21 EMA are being tested so they are bullish opportunities maybe apply to this the 1 hour chart for quicker results ??
Rectangular Box can be used as prices shaping like a rectangle...Important lesson.. If RSI is above 70 which is overbought level ...that doesn't mean that you will take short...Momentum Indicators can remain in overbought zone & price will keep extending...India Nifty since 26th May opening has been moving into consolidation... copy the rectangle shape above its...