I am not one for breaking down Forex pairs but I thought I would give it a try. You can see in the last few days there has been some other patterns and trends occurring, pennants, descending scallop, consolidation. Now I think we are in a big rising wedge and one is breaks the wedge it can go down to the 110 mark or maybe even the 110.316 mark. when it gets to the...
Heres another coin that has similar short term price action. while the overall pattern is quite different the short term rounded bottom remains the same. Looking for a good pump on this one as well.
Could name several others but dont want to spread myself to thin.
Din exploded after latest earnings gaining 50% in little time. Been in mean reversion mode since arching down to the 55 fib which is where i like em for these scallops. Had a nice niggle today went in with half position will look to add more if this starts to look the part.
Fine examples of the scallop pattern.
Bulkowski says these "scallop" patterns with 'U' shaped volume perform best.
So far, so good!
DGDBTC seems to be leading the way (no surprises) even though DGDETH has much sharper patterns in previous days.
We're recovering after a failed Cup & Handle breakout. Would be great to see at least one more scallop breakout. Lots...
Looking for another scallop entry with sorl after a second inside day on low volume, short float is around 19% and volume has been drying up nicely.
Trading below 200dma but bouncing off yearly ema and 61.8 retracement
Short term target $7
Longer term Target $10 - $11.25
I couldn't resist scanning for some scallop setups or (inverted J's as some call them) after this sell off with the reward being so great and found a good handful of these, but i do like the look of nbev picking some up at the 55% retrace for an initial position. Take a look at the scallop i traded on mlco for price meeting target
LINK/BTC is showing what looks like a very strong long-term ascending scallop; it wants to go hugely parabolic.
based on the intersections between this fib extension and the scallop's trendline, we have the following targets (in BTC):
trade at your own risk.
Bulkowski's Inverted Scallop in sight on Daily.
Has Trendline Resistance at around 1325-1327
EMA20 on daily at 1325 may provide necessary bounce.
(B - A) x 61% = Height of Impulse
B + Height of Impulse = Target Price.
($1375.92 - $1305.38) X 61% = $42.82
1375.92 + 42.82 = 1418.74
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern.
This alone sets the target price at 279.25.
In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263.
On Balance Volume (OBV) also remains in a...