CRUDE OIL Brent
we have a standard symmetric triangle of indecision
with the demand for crude oil suffering cuts it is possible that we will have a greater demand for the supply, so it is possible to value Brent Crude OIL! OPEC + Saudi Arabia and Russia have agreed to a G20 agreement to extend the cut in production for at least 6 months. The agreement is planned...
Approaching apex on this symmetrical triangle!
Im expecting a breakout upwards due to BTC bullish momentum. Also price is taking support at 100 MA, breakout in the upward direction with volume and RSI above 50 could send us to the .50 levels!
Gold now seems to be forming a symmetrical triangle as price is gearing up for the next trending move. FOMC in 2 weeks time could determine the direction of the next move as talks about more cuts circulate in the FED.
We must admit when we don't know and for me tonight is the case!
Indeed, volumes and volatility are down, tightening around the target reached the Cup & Handle which has allowed us to approach recently the $ 14k.
The bullish fuel of this Cup & Handle being exhausted, the market is clearly waiting for bull or bear signals.
The vise should therefore continue to...
In the near term the painting of a symetrical triangle is in the cards. Then expect a rebound from the support line of the tiangle in the10300 area (EMA 50) up to hit resistance in 12500 area. After upper rejection it will dive to test support of the triangle to finally break out downwards around 25 % from the apex of the triangle.
If the scenario plays out as...
As we know the major trend in gold is bullish. As you can see in chart price forming a pattern "Bullish symetric triangle" in 4 Hourly. Long for GOLD with upside target in 1493,
stop loss level at 1400.
FROM ZERO TO HERO TRADING GUIDE
Price formed Symmetrical triangle pattern. Volume increased in every upswing and decreased in every downswing and flatten out which means still buyers are holding it. So breakout with huge volume will confirm the trend.
Currently, in the chart presented above, there is a symmetrical triangle, something that has occurred on various altcoin charts, if bitcoin can break to the upside of this symmetrical triangle, it is likely there will be another run to the upside for the entire crypto community, however, it is important to note that most charts against BTC are bearish, so it is...
currently we have a 1 day chart falling wedge with an overlapping pair of inverted head and shoulders patterns(1hr &4hr chart) on top of it. Then on top of those head and shoulders patterns we have a 4hr chart rising wedge(in turquoise) and a 3hr symmetrical triangle(in blue). solid chance for bear or bull although bear has the upperhand slightly since a 4hr lower...