If someone used harmonic pattern in previous briefing, now, may take 3~4% profit. if you want to read only for 'repeated pattern', go '4.Etc.'. Let's start the analysis for BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '5. Summary and Strategy' and '4. Etc.' either in this briefing. before read, click '+Thumb up, +Follow'...
SiaCoin has been retracing for quite some time now besides a small pump from a listing on Binance. As you can see it's created a giant symmetrical triangle and on the daily chart has created a double bottom where SC is extremely oversold on both RSI and stoch and starting to reverse. This may take some time to achieve but gains could be 2x but probably more. If...
Combining multiple chart patterns will help traders top identify high-quality trades. EURUSD has been trading sideways for the last 2 months and eventually formed a symmetrical triangle. We can see that the symmetrical triangle is coming close to an end thus a breakout is bound to happen sooner or later. Just as price reaches the top of the symmetrical triangle...
Chart says all. Symmetrical triangle now in fifth wave and narrowing rapidly to apex; correction six months old- maybe time for recovery Index trading with support @25K (former resistance now becomes support) forming a descending wedge > suggests break to upside Cup formed from June - July now shallow pullback is forming the handle. A breakdown to lower support...
Ethereum has a challenging chart to read, and for this reason, I will be creating this idea for Ethereum which will be competing with another Idea I recently posted. I will be updating them both and depending on the situation, I will close one. There is a lot of things happening in bitcoin and the alts are being very challenging to read, and I do not want to...
Pair formed a symmetrical triangle this month. Based on the latest candles, it is on consolidation mode waiting for direction. Looks like the move will be explosive. Strong resistance starting 38.2% and support slightly lower of 0.89 area. RSI formed a rising wedge, which might break as the symmetrical triangle within the triangle also seems to be on the verge of...
Smart Money Has exited the Industrials in a big way since the high in January. Last time the SMI was this low the DOW was at 18000, a whole 7,000 points lower... This is never a good sign, but if the market can resolve this symmetrical triangle in a bullish, that money will pour back into the market and push it to new highs. The Red areas marked are likely areas...
A symmetrical triangle formed, signalling a continuation down, could be a good place to enter or add to the position. Powell speaking in 2.5 hours so trail your stops! Happy Trading!
Adjusting my idea for what might lie ahead for the Dow. Forgive my many variations, but our picture is certainly confusing and some of us have already been whipsawed and blindsided twice: Dow is in an extended wave 5, approaching the upper edge of a symmetric triangle. a weakening Bullish formation forming over past 9 days, albeit on low volume. Breakout from...
I mentioned 'Flag pattern' from the briefing yesterday and the price was heading upward. Then, Let's start the analysis for today's BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '4. Strategy' '5. Summary' and click '+Thumb up, +Follow' :-) 1. Briefing # Break the Neck-Line to upward # The candle re-enter 'Long Term...
This symmetrical triangle on the 4-hour chart of EUR/AUD offers an opportunity to use upward breakout setup. The pattern's borders are marked with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level is at the green line. My optimal stop-loss is at the low of the breakout candle (not shown on the chart).
Systemtrical Triangle Scenario is on the verge to happen on the 4 hour Theta Token chart against the Bitcoin. After achieving a rally on June 25 it started a downtrend movement. Even though a bullish engulfing candle stick showed up on June 29 because of the slow motion on Bitcoins pattern together with the weekend effect on the overall market did force Theta's...
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Guys & gals, sorry to disappoint but it's time to face reality. My Elliott Wave Theory projection is just not happening. This dog just won't hunt; not going to the Moon anytime soon, either. What we have going on is a classic bull pennant in bear market flag formation. It's probably (~94%) going to lead to continuation downtrend. see virtually identical Fig 2:...
Possible simmentrycal triangle formation.
The same to POE like other recent chart analysis we made. Symmetric triangle breakout scenario and ready to breakout after a volume increment in the following days. RSI downtrend and price downtrend already started an uptrend. Just a little bit volume increase will begin the boosted rally. For the short term accumulation it first elliott's wave is already gone and...
Taking a look at the 1 day BNB/USDT pairing I see a crucial point in BNB: ===================================================== 1) Price broke below the symmetrical triangle (Bearish). 2) Price has failed to break $15 twice, that red line is now a resistance level. 3) Price is getting closer to the large white rising trend line. Possible...
Right after the Intel partnership announcement ENG/BTC popped with good volume and now has formed a symmetrical triangle waiting for the market to stabilise. Please participate before you see the confirmation.