A potential bearish butterfly pattern is completing soon, RSI is reaching overbought level as well. Good R:R at 3.1 (TP1), not optimistic about TP2, so not adding TP2. Good luck and have a good week ahead.
Hey guys, tonight is NFP. A potential bullish bat pattern is spotted, PRZ at a good support level. Good to short to PRZ if Manufacturing Production news is worse than the previous result. R:R at 1.2 (TP1) and 2.1 (TP2). Good luck.
One of the best and one of my favorite (day) trading patterns and strategies is the flag or triangle break, especially in a bull market or after a huge run or in a clear uptrend. In this post, I want to briefly cover what a flag or triangle break pattern is and how you can trade this pattern with an example on NANOBTC. What is the flag break pattern? A flag...
W.W Wave rider Long @1.18500 Sl @1.17700 Tp1 @1.19450 Tp2 @1.20200 Happy about every feedback or Idea :) W.W
Gold is on a trend downwards in other words bearish but it has a lot of room upwards as well to mean bullish. With that said, I have drafted how I see it going as you can follow on the chart above. My believe is it will continue with the trend downwards if it respects the resistance lines. If it breaks them then we go bullish. If it respects them then we continue...
XBC is getting ready to break out of a descending triangle. Entry season in the ALT Markets!!
As we can see crude oil is looking for support at trend-line and the 200MA plus 50% fib retracement level. Saudi arabia's increased output by 10M barrels was the cause for this decrease in price. Today United states Crude oil Invetories were down 237M barrels vs the forecast and that plus F.E.D decision gave some fuel to the price. Technically we can see the...