Gartley pattern is finished @0.7887 near the key resist level, but price found some support @0.7863 which might pull the price little up to retest the resistance level and form double top. Traders who missed the trade have an opportunity to get involved if the price retests the reversal zone. Stops should go above 0.7895 and our target zone will be between fibs...
If you look at just a one-year chart, the 200 simple moving average is pointed down - just like it was before the tech bubble and before the 2007 financial crisis. The market is currently showing a head and shoulders top. Next stop 1600. After that... free fall.
There is coming a double top. and then he drops again. Goodluck!
I am back with more analysis. Use them how u want them to use, this is my opinion and my way of profitable trading. I don't recommend following people blindly. U can find the other "tradetostart's" on my instagram : FXB_Buddy Check it out! The link to my website is also on there.
Bears: Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315. Bulls: If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of...
The stock market has topped. Volume has been highest on down bars for the past 12 months. Up volume during this time has been much lower. This is happening at the 2.618 Fibonacci extension level after a protracted starting in 2012. This is making a round top. It has taken a long time. My belief is we will see large declines in 2016. I won't try to forecast how far...
As the Us Dollar continues to gain strength against the Canadian Dollar, an Ascending wedge / triangle pattern has emerged. This provides us with an opportunity to go short. I personally like to have generous size stops to prevent any stop hunting. This trend reversal trade offers a very good risk reward ratio. Targets will be the closest significant support...
ADTN Breakout has not occured yet but for upward breakout, target price is 17.31 and downward breakout's target price is 12.44. Currently, it looks to be best setup for an upward breakout. Swing traders can short now if they want the intraformation trade and buy when it shows the reversal. thepatternsite.com thepatternsite.com
CELG Pipe Top appeared on weekly scale. It may be a bit too late in the game to play this one because the price is already pretty close to the target price but a few more days profit may be worth considering it. thepatternsite.com thepatternsite.com
I've been watching this massive multi year 'head & shoulders top' take shape since the bounce at 1833 in August, after that big reversal that forms the 'head' at 2137. After today's sell off it's bearish potential should be undeniable to most. Considering the massive amounts of credit that have fuelled this bubble the debt deflation that will force the coming sell...
1-the major trend is bearish 2- spining top at resistance 3-falling wedge @aboofeissal
Entry Price: 4439-4474 Stop: 44.75 As I'm sensing equity sentiment is changing from ultra bearish to 'slightly' more bullish, it must be time for the next plummet! 1. The Nasdaq is nearing 7 month resistance levels. 2. Late August showed decisively lower lows signaling a potential top is in. 3. While guessing at trending channels is not a very reliable method,...
I am posting a possible head and shoulders pattern being formed. What this could indicate is that the market is forming an intermediate top, and this recent rally is a correctional rise with more lows to come. a close below the neck line would be early confirmation of the H&S pattern. The alternate situation is, in terms of Elliot Wave Theory, there is a powerful...
Potential Gartley pattern. Double top Entry-1.1017 Stop loss-1.1036 1st target-1.0936 2nd target-1.0887 Move stop to entry when 1st target is hit for risk free trade.
EURUSD appears to be failing below a critical resistance zone which stretches between 1.1384 - 1.1442. 1.1384 is yesterday's high and coincides with the long term descending trendline connecting the July, September and December swing highs. 1.442 was the highest daily close in the Head and Shoulders pattern from 3 weeks ago. We have entered short at 1.1302 with...