As part of my studies of the triangle patterns i try to test the theory . If this is a classic Ascending triangle, ill expect a breakout in the end of next week with a sharp increase in volume. One of my donuts i have right now is the time dimension of This triangle Usually The formation of a triangle is more then a month. "Just 4 the study"
Just testing the accurate of an ascending triangle outcome.
Hello, This is only a test on the Elliot wave principle. I am not too familiar with the theory, yet. However, I am very intrigued and will continue studying it. I did not bring wave c to support at wave 4 because the corrective ABC waves are playing well within the current bullish channel. Any thoughts, suggestions, or constructive criticism is welcome. Thank...
Historically on a big ramp down this traces back up by about 50% so 6.82 resistance is the best I will give it. currently such a low float (less than 1m) good pr and this will move very fast. but management sucks so I expect them to announce an offering on a good pop up IMO. overall picture is more down trend, you can play both sides FYI.
Welcome to everyone! Nzdusd have been broken the daily timeframe trendline and gave us some new impulses. So long bias right now on the nzdusd. Happy Trading
alright everybody. good close and broke bullish for er Monday. breaking rule hear to hold through ER. Be UP EARLY!
this is what I would prefer to see going forward next week. we need to stay above with the trend and break through those supports. main one is .18 for some reason, once that it gone then it is off to the races!
this is what I would like to see going forward to next week. Previous RS. catalyst Thursday. looking for a good ramp up IMO. this is not a recommendation to buy or sell.
Bullish Flag + Support and Resistance to determine BUY 50 PIPS
IDBI Breakout in hourly chart with heavy volume. Cmp 39.75 Target 42 Study purpose only, please do your own analysis before entering. Do comment your input to help me in learning more.
This is prob the last cumulative vid I will do on SPY analysis before the crash. Right now not interested in trading small moves, however, I am interested in positioning for a BIG move. I forgot to mention if we get a bearish confirmation (no breakout and retest, failed retest, false break and retreat etc), we might go for .618 = 1.618 confluence or ab=bc...