Here we have the NZDCAD pair with a possible short opportunity. The pair has been in a downtrend on the daily timeframe, shown by the red falling trendline. The shorter-term uptrend on the 4-hour chart seems to have found resistance at the 78.6% Fib retracement, signalling that the price correction has finished and that the underlying downtrend may...
Bitcoin is finally showing some bullish signs again. After testing the 3k area and the decent bounce bitcoin showed, we are now moving in what is a potential inverse shs pattern. I have seen this before with bitcoin and it is a very bullish pattern. It could push the price up to test queen trend line again but this time as a resistance. That would be around the...
CADEUR is forming a downtrend. It which might be confirmed soon (pink dashed line).
Another point of potential movement will be the breaking of the yellow trend (yellow dashed line). Might even have some SHS flavour to it.
Short CADEUR at the confirmation of the pink trend.
Trade the trend with SL at the last lower high.
seems like a great chance is coming soon! :-)
We are curently back in the recent range and I expect a retest of the trend-channel.
Might be a good chance!
We are moving within an ascending triangle and created a very weak S/H/S caused by a fake-out!
Guess there is not enough demand to puush it and traders still wait for a lower-price to buy!...
time for first weekly update! :-)
Check all these patterns!
All double-Tops got triddered and "rode" by the market.
Do they got invali? They just show us a lot of weakness, fraught and doubt at the bulls-side!
All of these DT`s have created a Shoulder-Head-Shoulder_Pattern which is a Trend-turning-pattern.
AS you can see, we have a gap between...
the SHS we see on the daily is what i would like to trade.
An additional confirmation factor for the short is the MA here (break of MA and neckline)
i marked 2 tests from above and if it holds one more time on the next day(s) it could prevent price from breaking down the neckline and giving us a short signal .
If this happens and the ma + neckline holds and...
Hi everyone, we come from here.
Let's update the hen of the golden eggs trend.
As you can see, the formation of the last peak of the SHS -1.19% is being fulfilled. Once it has been completed, I expect a progressive bearish regression, the breakout of the 0.382 fibonacci level and go down to the .623 fibonacci level to test the resistance.
My plan here is...
Hi. I just saw this and stopped my trade. this may be a SHS forming. It would make sense since we ended up to a level to form a perfect bowl in the daily. Or will it be a cup? It's still possible that the bowl is not finished, though. But I think we will first go direction 41000 anyway.