The NQ is making a broadening top pattern. This is not a bearish or bullish pattern, since it trends upward 49.6% of the time and downward 50.3% of time. It has a nice look, where price was trending upward 6 months leading into the pattern, with downward sloping volume. To pick a top in this market is dangerous, with the low volume grind. I am looking for clear...
Newbie looking for some insight, help, and constructive criticism on possible TOPS breakout,. Please share any feedback! Thank you!
Top Ship has broken a long term descending structure with a big bullish divergence on daily and weekly. Now it seems in a consolidation phase. If the rising trendline holds i'm expecting a bounce around 4$ level.
as you can see, I opened a trade, even if the USDOLLAR index does not look very encouraging; I have no stop loss, I have a very very small position - if tomorrow we are up, I am going to open an another position with twice my original size to short it again, as I do not believe it can climb much higher from here; we are very close to a top. if picking bottoms and...
Price closed below but couldn't sustain a significant bearish bias. bulls are taking back control driving the price higher above the resistance expect market to reach 1.57187