BMO has broken down a previous Demand Line and Confirmed it as a present Supply Line. I am now looking for BMO to break below the 200-week Simple Moving average; upon doing that, there will be nothing left for BMO to hold on to and should take it down to about $43.
Cardinal Health has traded up to a Macro Supply Line which happened to align with the BAMM Target of a Bearish Crab and from there we formed MACD Bearish Divergence and got the strongest form of PPO Confirmation, as a result I now expect that we will begin a very deep retracement back down similarly to how Strongly CVS has responded to its own topping pattern...
ChargePoint has come back to the PCZ of the Bullish Bat and The Ice Line of the Range; presumably to fill a gap that it had created several days ago when it gapped up from this level. Now that the gap has been filled, I would expect to see this level hold much the way it did last time and go for the Bullish Breakout of the Descending Supply Line from which could...
CyberAgent currently sits at the Supply Line of a long established Ascending Broadening Wedge and while my first instinct would usually be to short, I think this one is showing signs that it will give us a strong bullish reaction off of this supply line as we have a bunch of Bullish Divergence on the MACD and RSI and are at the 55 Moving Average on the 2 Month...
The NZDCHF on the High Timeframes is trying to confirm an old Support it originally lost, as new Support again while showing Hidden Bullish Divergence on the MACD and it looks like price will be Challenging a Supply Line very soon which it will probably break above.
This is an Update to this currenly still active previous setup from several weeks ago: As of rigth now LINK has Confirmed it's Pivot from the 0.618 and has now broken through a serious Supply Line; If it continues up to $9.51 we will have confirmed a Partial Decline which at that point should lead to a Breakout of the Range that could take it to the next...
We have Bottom out within a Channel near a 78.6% Retrace and now are Breaking Through a Supply Line which may now lead to us Reaching up to a 1.272 Fibonacci Extension to Complete an AB=CD Movement.
We have the slightest bit of Bullish Divergence here on the RSI with Declining Volume to the Downside and are just about to test the Strength of this Wedge's Supply Line for the first time Since the start of the year. If we can break free from this Wedge we can very well see a Reciprocal ABCD move that would take us back to the 88.6% Retrace Above.
Alpha supply line broken - moves to the next fib areas likely $.35-$.65 Range (Swing trade -- 1-3 months on the retrace) --
BTC fell below this supply line that has not been broken since March 28th. The recent bear flag has resulted in a new touch of the supply line on the weekly. If it could have a breakout of this very significant structure we could see some great price action. Im not holding my breath though.
Bitcoin reached the top of this major price channel. Watch for some milder pullbacks here, to maybe test some support.
We gave Double Bearish Divergence on the RSI and are at the Supply Line of this Weekly Ascending Broadening Wedge. We are however very near 100 an di wouldn't be surprised if it just came to visit the area's of 100 before coming down but at this point in the chart would be a nice place to take profit or take a shot a being Bearish. As of right now the put options...
The shenanigans around the situation in the ukraine continue, as the market has thrown another tantrum over it yesterday. We got rejected once more by the supply line that defines the current downtrend we currently in. If the .236 Retrace at 4360 can't be hold as support, we almost certainly to go back down to the january lows, and with that double top pattern...
We have some bullish divergences near the bottom of a range here while I don't know much about this coin, when i saw the price action the chart i just couldn't ignore it. If it breaks above the line a of resistance, this coin could take off. Bullish Targets would be at the 0.618 retrace though we may encounter some trouble at the 0.382 first; If we get any price...
This clip shares how to use yesterdays high level as a key resistance in M15 time frame of EURUSD graph. Double Tops or M pattern often form at yesterdays's high level.
This video shows how to spot an onset of a new uptrend during early months of IPO stock when the popular RSI and MACD tools give no data at all.