Here we see a right angle broadening formation, with the accumulation line on the bottom.
What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this.
Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout.
A...
BTCUSD just broken out of this right angled broadening wedge pattern to the upside on the daily.
Current target is set at $55k
HODL my Raging Bulls
Disclaimer: I'm NOT a financial adviser... :-)
Peace Love Blessings ;)
The weekly seems to be showing weakness and confirming that weakness by breaking down a bearish structure known as a Right-Angled and Ascending Broadening Formation; The measured move should take us down to test the 61.8% retracement at the very least before seeing any sort of major attempt at bullish continuation.
OANDA:USDJPY
Its A Rare Pattern So Be Aware That After US-CHINA Negotiations And The Optimistically Result We Can Expect Rising Strength Of USD Next Week
So First Target Is The Daily Resistance That Has Been Shown In Chart After Breakout And Retest We Can Take Profit At 110.050 Or More Up to 110.300
Good day Traders
The H&S is still playing out from my previous post with a stunted 38.2 fib retracement to print the right shoulder, although I still expect another wave up to complete it. The downward sloping flag from my previous post seems to have turned into a right-angled broadening wedge as we found support at the same level as 13 Jan. Yesterday's drop...
