WASSUP GUYS, JUST WANNA SHARE WITH YALL THIS OPPORTUNITY ON EURUSD IF IT TRIGGER... PRICE IS TESTING TREND CHANNEL LINE AND WE CAN GET A LONG OPPORTUNITY SINCE WE GOT A WEDGE PATTERN ON SMALLER TIME FRAMES TOO... I BEEN STUDYING AL BROOKS AND A MAJOR TREND REVERSAL IS HAPPENING ON THE 5 MINUTES CHART SO THIS IS REALLY INTERESTING.
Look at how the price on $ZM reacted when CCI previously broke into the green box. I would add this one on my watch list for the reversal. Especially if it trades above $342. If this occurs, my price target is $375 then $389. I've marked some key pivot areas on the chart to watch intraday. If price opens below $336, you can take a short trade to the support...
(1) - Wait for BREAK of resistance (ceiling) - Wait for RETEST (where price closes above the previous level of resistance) - Once price CONFIRMS resistance as a new support floor, IT IS SAFE TO ENTER. (2) - Wait for a BREAK of support (floor) - Wait for RETEST (where price closes below the previous level of support) - Once price CONFIRMS support as a new...
As you can see, the initial wave top uptrend high from the march low was reversed at 56 bars. The next movement from the june high to the july low was 32 days (23 bars). The following movement from the july low to the august high was, again, 32 days (22 bars). Both 32 day movements were a part of the redistribution phase of a price correction in XOP's...
It has been a very long time since Intermediate wave 5 failed to move above the peak of Intermediate wave 3. With it being 2020 and the world on fire, maybe this is the exception. IMHO I doubt it. Wave 3 peaked in early September at 3588.11. I project not only will our current wave 5 surpass that, but my projection has the top around 3639. This is not unrealistic....
clear daily reversal levels, im looking for the lowest "strong reversal" level and highest "strong reversal" level. Copy and paste the reversal zones and see how price respects those levels in the future. Use trend lines for trend confirmation! FOLLOW the trend always! Also watch for divergence at those levels! OH YEAH FINAL CONFIRMATION!!! FIBONACCI SENSEI!!!!!!
Nice little chart on booking to watch. Got the gap up serving as support, showing so already, indicated by the dashed line. This is coming right into the 50DMA if we keep moving sideways. The 2 hourly chart showing three black crows coming down, looking like likely movement to the downside in the immediate future. Should be found by support at 50 DMA and...
We discussed this market last week and the important intraday resistance level we were hunting short trades. After selling off twice at this level, price is now once again looking to make another test. Looking at the longer-term charts the trend is clearly lower and this level looks key. This market is now attempting to make a reversal back higher and a break...
Chart Patterns and Harmonic Patterns using just ONE indicator! This is a automatic scanner for well know patterns like Head and Shoulder to get started. I'm planning to add more patterns in the near future. It works as follows: 1. Is going to plot the pattern on the chart, lines in blue 2. Is going to show you when the pattern has finished to form, triangles and...
price failed to break out of the support zone.er should be looking for long positions.
this is the 109 trade frm haidojo trading...another important support - 2625 is broken! according to my thumb-of-rules, this is a confirmation shift of trend...it has as high as 70% accuracy...so wat say u...? uptrend persists? confirmation shift-of-trend...? welcome to leave ur message in the comment column below... My strategy has changed frm long when retrace...
Previously, the bulls have won the last couple battles pushing hundreds of pips against the trend. Price is nearing 2 forms of structure, one being the top of the down trending channel and the other being previous resistance. We will have to wait and see how price reacts to these structures to take out next position or close out current longs. Regards of the...
hi, this is trade 94) frm haidojo trading...ok, this is not the common head in "head-and-shoulder" pattern...but it is the "head" in a trend... at least temporary reversal of trend...but in order to confirm a reversal, it has to form some kinda gap down...or hovering in tight range for at least another day...another thing is, 2 things happened today...1) the...
Obvious rising channel that is STEEP and prices have gone parabolic recently. This is shown in the 5 of the recent days at or closing above the outer BB. This pattern reverts to the mean of EMA 39 in >90% of cases. Occasionally prices rise a several more days before turning down but usually they do not. Expect to SHORT tomorrow at ~3200 and expect TP of 2950ish.
I Am Waiting For Reaction To Support Zone
Indicator shows a little positive divergence. The Long Term Uptrend is still there, this could be an opportunity for a buy! The price could find support around the USD 7.000! So please pay attention around this level, but be aware because volatility is high. As quick as it has moved down, that quick it could be moving up as well. Have an amazing day!
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...
I found both head and shoulders and Triangle on this pair and i have a strong believe that it will go bullish.