The red trend line breakout objective (marked with arrows) is still in play. Post-break the price dropped back to the breakout point level and held as support (typical throwback). Internal momentum on the ADX is showing early signs of buying interest returning. Also, the MACD showing a nice crossover too. I would buy here and sell stop on a break below the...
Hi everyone. Long time no chart! Take a look at my pipe dream here. Read the foot notes and let me know your thoughts.
ETHBTC has recently broken out of its downtrend line and is looking to throwback to the upper side of it for strength before it bounces and continues. This perfectly coincides with the general market action where bitcoin is leading a sell off with ethereum following and alts are bottoming/turning around currently, which may be led by mother alt eth/btc. Very...
Let this plane take off and lets profit boys and girls. Expecting a throwback at upper black dashed resistance line.
Ascending Triangle Breakout which has led to a throwback to the 148 level and will continue in the upward trending channel
Trend line A was busted to the upside and price reached the previous high to find a wall of sellers. There was some buying interest added to the market on the break, but not a ton of momentum so the previous high was tested and profit-taking set in. Price is on a typical throwback to trend line A, which now should act as support (or an area of buying...
AUDUSD - Is this a throwback ? - I am waiting for a strong bullish candle.
Possible inverse head and shoulders formed on the 4hr chart There is also what appears to be a double top which might have put us in a potential throwback scenario so watch for a bounce off or break of the support line. In the case of a bounce expect a retest of 0.28 - 0.30 - If the support breaks it could fall down to wide channel of around 0.17- 0.23
base on chanel of trend line ,break out and throwback fibonacci level and reversal pattern
It is uptrend. But it go up far and need to throwback. I bias Long as it need to throwback. I will wait and see how the price action. News effect: Interate rate decision FED.
I would wait for this downward trend to finish before buying. The partial decline at the end of October led to it piercing the top trend line of the pattern but then the throwback occurred. If the trend changes and starts back upwards, the movement should be a strong one and you'll want to buy. thepatternsite.com
If you missed the throwback from a few days and still didn't catch it by Friday, there looks to be one good day left of downward movement for this stock. Refer to my lrelated idea link for the previous analysis.
Yestarday's rally seemed to be a fake hope for the bulls, as the EurUsd failed to close above its EMAs, and its Old trend, drawn in Orange. The Major resistance consists of its EMAs, its 1.12239 resistance level, and its Orange trend line. Unless the major resistance is clearly cut, the current movement suggests the past couple of days to be the triangle's...