- SHS pattern on daily basis
- Resistance cluster between 35380 - 35600 (a break trough will give price more upside momentum)
I expect a test of the neckline support next week.
Here is an idea to trade the German Index next week.
Last Wednesday we saw a break through the neckline. If someone missed this chance to go short, there will be another two chances next week. One at the resistance between 14300 & 14330 and the second at 14200. TP is at 13700 - 13750.
Use proper risk management, remember no luck in trading. stay disciplined to you strategy and always play the patient game. my gold forecast for the rest of the year and into 2022. like, comment and share
AUD/USD is continuing the SHS-pattern.
We could soon see the move upwards, therefore i have added a potential long position.
If we see the move upward i would recommend a profit taking just before the top of the previous shoulder, for safety.
Lets see where this is going, so far it has followed my prediction very well.
Hellooo...My Dragon Friends...
Market GBPUSD, have potencial make SHS (on proses formed).
and already break di trendline, and still have bearish flag (in a big trend, still valid).
so we try make sell GBPUSD.
GBPUSD (Sell GBP to USD)
Target Sell GBP at Now (1.3440) or (1.3440-75)
SL at 1.3525
TP 1 at 1.3355 & TP 2 at 1.3325 & TP3 at 1.3265
Possible uptrend in EURAUD forex.
Previously went through a SHS-pattern and could be a repetition of this move again.
Looks like th first shoulder has been formed and maybe the start of the head now.
Which could lead to a upward move in the next period.
Trying to make some sense out of the recent moves in AUD/USD - Came across this potential SHS-formation.
Could mean a tipping point around the 0.72100 level.
Let me know what you think or if you have tips and tricks
If the pattern is fulfilled and the negative news that plagues the Crypto ecosystem plus the fall of Evergrade and the SEC's problem with Theter ends up being fulfilled, it is possible that we will see BTC again on those prices
Hellooo...My Dragon Friends
I see EURUSD will move to our trend to 1.19XX.
but will break the trendline (little one) will have some retracement.
may be create right shoulder, inverter SHS pattern
In this analysis we presume three things:
1) We are on Elliott's wave "a".
2) Wave "a" will be overextended and will reach 100% retracement.
3) BTC is forming the head of a SHS
Thus, the SHS gives us the estimate of the final downward movement and Elliott gives us the following waves "b" and "c".
Both observations confluence a decline in the price of BTC back to...