Rounded formation These can turn very bullish once completed Short term it looks bearish, however this is good in the long run. Giant Bullflag Strange times
Sorry, it's late and I'm tired but wanted to get this out, if for nothing else than to buildup some ideas and interesting things i've seen. This is really an update of my idea a couple of days ago on the gap down being a flag than has simply been gap filled over than past week. I'm seeing open gap down, lower than 3115, maybe (news/pump/asia dependent) we could...
Bearish Black Swan pattern is working as predicted. A rounded top pattern will be completed if the price breaks 77.70 neckline. Bearish pressure will be triggered by the breakout of the wedge. Fundamentals: Safe Haven demand after Trump's speech of last night. A decline in Oil Prices. ** Both patterns are found by Chartreaderpro software
What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement. A rounding top represents a sell signal . The initial upwards...
Most people's idea of a rounded top is "bearish" and should break down at the neckline. However, personally I found that half the time this is not true. A test at the neckline and a decisive rebound from there, I will go long. A rather aggressive short term trade with stop loss just below today's candle low and with near term profits between 2.20-2.24. Dividend...
RBA based retracement is blocked by Coronavirus and upbeat U.S Job Reports. Rounded Top and Potential Crab as described on the chart. Have a nice weekend!
Walmart is a strong stock that has painted fresh ATH's in the past couple weeks. However, this recent price action has shown considerable weakness: lowered volume, bearish RSI divergences, and an inability to strongly breakout much higher. It seems to be sputtering and in danger of turning over in a rounded top fashion. Candlesticks and wicks on the daily, weekly,...
A rounded top has formed on CAKE, downsides can be expected. 0.76 Strong Linear regression downtrend.
Presence of a rising wedge, broadening ascending wedge, Costco has been on a massive bull run. Rounded top also present which may be indicative of a bearish move, but with the strong rising channel and regression trend of 0.92 (strong regression trend according to Pearson's R value) the chart appears definitely more bullish rather than bearish.
Alt Bat Worked TP1 Reached - See attached - The trendline has been broken
OANDA:AUDUSD
Chart pretty self explanatory. Rounded top formation into 5 waves down, retrace A-B-C correction, now ready to take next leg down. BUD could be sub-50 by the end of 2021 at the latest in my opinion. So....maybe this Bud's NOT for you...
It can be seen that ripple has had a double top, which is noted in the chart in light blue. This form of double top is known as an Adam and Eve double top with a V top for the first one and a massive rounded top for the second one. The rounded tops or bottoms are some of the strongest most reliable patterns because they indicate a long duration of either...
I don't post about the SPX but I do check it from time to time. Is this the market peak? It may be with this rounded top and the huge bearish engulfing candle we just printed on the daily chart. Personally I would not be opening new long positions with this chart. Play it however you see fit Good luck.
I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | | Calling for $35 ETH around the same time ...