ZS had a gap up due to earnings back on March 1st. The stock saw a rise in price within a bullish price channel but was creating a bearish divergence with the RSI indicator. Even with the pullback, the price remained in the bullish channel until it broke down in mid-August.
Another earnings report in September led to a gap down that created an Island Reversal...
DRI had a gap up on an earnings announcement back on March 21st. The top of this gap became support while the stock price continued to rise. This rise in price created a bearish divergence with the RSI indicator.
The earnings release in September led to a gap down. The price actually consolidated just below the March gap. Friday's trading has the price testing...
Commentary based on the numbers indicated on the 1hr tf of the GBPUSD is given below:
(1) The meandering price action of the GBPUSD from May 29, 2018 till present date is captured in this analysis using a falling wedge (diagonal) with price action successfully testing the support and resistance line at least twice; hence validating the chart pattern. This pattern...
Hello Traders,
Here we have a valid bearish flag pattern on FX:GBPJPY and now we are just waiting for a breakout to the downside. Flag patterns are also consolidation patterns, just like any other harmonic patterns ( cypher , bat, butterfly , crab , gartley ). This pattern is usually formed after a strong movement in price action. There are 3 main parts to...
Hello Trader,
This short trade setup on FX:NZDCAD is simply based on current price action and the key levels that are labelled on the chart above. As we can see that after every consolidation periods (yellow lines) we got breakouts in the form of strong impulse moves (blue arrows). After being in a strong impulse move for the past 4 weeks, the buyers seems to...
![GBPJPY: GBPJPY: BEARISH FLAG PATTERN FORMED, WAITING FOR BREAKOUT [D]!!!](https://s3.tradingview.com/c/cf8JXZ3F_mid.png "GBPJPY: BEARISH FLAG PATTERN FORMED, WAITING FOR BREAKOUT [D]!!!")
