The major trend is uptrend, the intermediate and, the minor trend is down to main support levels.
The volume confirming price action.
Waiting for support to hold confirmation. Next resistant level at 1.3200
After the stock was sharply falling, the significant volume came out, - that's the first sign of the trend stalling. Then the reversal pattern appeared, which got confirmed by the big white candle that closed above January high (marked as bright green). I was a bit late as I didn't manage to catch the market closing, so I tried to get in at the opening on the...
Yesterday was the big day I was expecting with a 360 degrees daily swing, starting with a bullish attempt of 120 pips from 62.5x to 63.7x and a final fall of 200 pips.
It validates how critical is that areafor both Bulls and Bears to shape the following trend of Brent Crude Oil.
I mentioned on my daily chart analysis yesterday an area of interest...
My apologies for such a saturated chart.
For me, this bullish trend is ending very soon. We can see that the price is losing strength as it approaches to the weekly resistance. It also got over the 0.76 just for 20 pips and immediately reversed. Zoom in on last pullback and pay attention to the volume traded. You can see the bearish candles have more weight and...
BASIS.. Uptrend reversal potential still in play. Looking at 14 days to find reversal emergence.
Alt market should be heating up very nicely and even if we get hit with 5 % TOP COIN drop days there will be opportunities for recovery.
BTC Target 3650 within 14 days.
Fairly strong support backing up sideways action within 10% swing from current position.
The Nasdaq may look ugly, BUT pay more attention to where it is on the road map. IF a reversal materializes at the current level, it can establish a double bottom. If it pushes lower into the mid 153's, it will be within a high probability reversal zone. What does all this mean? It is high risk to be short at current levels. We are looking for relatively strong...
We have the following factors:
Daily Reversal Zone
Respected .705 Fib level + Bullish Engulfing candle
We might expect a pullback for a better entry, or we may seek for a good PA confirmation on a lower TF.
All comments and questions are appreciated.
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of 4hr. consolidation or daily consolidation (red border boxes) to take the trade. I...
Looking at the EURO/Peso This is should be a strong sell for the week but I'm searching for the perfect entry. Looking at the trend up I dont think it is ready to break this trend line. I would look for it to push up to a area of resistance then start to push down strong enough to break through the trend line and hit a lower level of support. This might take some...
Long term buy setup
After completion of the Bullish Bat Pattern formation BINANCE:EOSBTC started moving up making higher lows forming an ascending triangle.
Expecting a breakout to the upside from the triangle and for the targets to be reached.
We can see clear Falling wedge pattern and strong divergence on all indicators like MACD, RSI, Momentum etc..
Wait for a reversal pattern at support zones:
1. ±6000$ zone
2. ± 4500$ zone
3. ±3000$ zone
You will see a start rally with volume increasing ONLY after a reversal pattern completion at these zones.
The first Target of the rally is ±11500
Oil made a new high at 76.90 before making a 3 day correction. For oil bulls' who trade on the weekly time frame, oil has just broken a weekly range at 75.29, which certainly bodes more upside for them.
As for day traders who have missed the up move, this retracement could be a buying opportunity to join in the party.
Revelation Trading has identified 2...
Price at 38.2% of current Fibonacci retracement range, momentum still unclear at the moment.
However the bearish momentum from previous candles (from the significant level and reversal zone above) may continue.
ETHUSD update: Bearish price action leads to break of major support area. Now that key levels like 400 and 374 have been cleared, the broader strength of this market is thrust into question.
And the answers can be found when you look back in time. The 300 area, which dates back to November of 2017 was a major break out for tihs market. There is a tendency for...
ETHUSD update: As BTC flirts with the low 6900 area, this market is being pulled along for the ride. Even in the face of significant BTC selling, this market is showing signs of resilience around the 400 psychological support level. Along with that, the likelihood of a double bottom formation is high.
Earlier I published an article on S.C. and mentioned some...