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...
Get it in guys, get it in.
Pretty textbook bullish rectangle. Conservative entry would be after breakthrough of resistance, however, I am not conservative.
These spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle. If the price closes above...
following the rectangle rules, this are the probable targets
Grupo Financiero Banorte SAB de CV(BMV:GFNORTEO) are dancing across the accumulation zone started in 2013, at the weekly graph are in the top. If we see the daily graph or the 30min we can see the overhead stock. Target 1: 85.5 Exposed in local currency MXN.
Strong bearish channel found with a clear shortfall. This channel is about to burst and a breakout is imminent. Considering the bearish shortfall, a bearish outcome is more probable. Shorting here makes sense. Waiting until breakout is confirmed by a closing candle outside the channel is the prudent thing to do. Stop loss around 59.00. Expect a pullback/throwback...
It looks consolidation has arrived and completion of 5 wave motive moves are completed. Profit booking or selling can occur, which will take the price action in south direction. Short: HDFC Bank SL 1090 T1 1032 T2 1001
MORE DETAILS TO CHART . HOPING FOR THE BEST. GOOD LUCK.
SELL SAIGNAL FOR LONG TERM . POTENTIAL RETURN TO 1/15 TARGET PATTERN DOUBLE TOP TARGET RECTANGLE OR SUPPORT ZONE CLASH TO LINE OF UP TREND IN LONG TIME Please note TO NEXT analysis. MORE DETAILS TO CHART THANKS
PATTERN AB=CD IN THE TIME FRAME WEEKLY GIVE THE SIGNAL SELL, FOR LONG TERM. MORE DETAILS TO CHART Please note TO NEXT analysis. THANKS.
For tomorrow we have very nice opportunity to go short or long. This pair is ranging sideways in a beautiful rectangle. I like when price acts like a magnet. Right now FX:EURAUD is in a decision zone. The price found strong resistance @1.6039 twice with the confluence of fibs 61.8. I think the price will retest the mini structure @1.5932 and then we should see...
Hello Traders, After seeing FX:GBPUSD consolidate within a range for the past 30 days, we have gotten the emergence of 3 Simple Chart Patterns that could present us with good opportunities to LONG on this particular pair. I have color coded all 3 Chart Patterns in the chart above, just to make it visually easier for everyone. I will walk you guys through...
Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy...
$ROSE is lower after earnings. Looking at the weekly chart it is range bound in this big rectangle. 16$ is support from lows in late January and mid March. 16$ can be a short targets because of it's snap back rallies to the top of the range. The top is only two weekly bars from the January low and it was above 25$ The breakdown below 32$ in November of last year...