The main idea of this chart is that the market just completed the bullish flag pattern.
After it the consolidation, it is going to fall towards the next Support.
Here are the indications which support our view:
Bullish Flag Pattern (lower TL not exact --> would you still call it a BFP?)
Price @ Weekly Resistance
Bearish Crossover of the MACD...
They've been buying as suggested
Today shows that!
Bulls need to take long legged doji out and the 1800-06 (it's a hammer on m30 )
Accumulation zone broke and today we see the power of it and people being kicked out while other take profit today abit more seller came and jumped in. 1783-80 SL is marked by zone of accumulation since 1806, acted as 1809,...
NSE:SPICEJET A clear Breakout from the previous down trend (Horizontal Black line) & Trendline was seen on Daily closing after taking support from Fib .618 & .5 leves.
Can go long with Targets as:
T2- 116-119 9Will act as a Major Supply)
can start adding in small quantites for Mid to Long term.
Daily Chart: The GBPUSD has been one of my long-term pairs, the Daily chart is still bullish, we have seen the correction of the HH Last Action which retraced very deep. Price again rallied to give us wave one of the WOS. Now the correction is trading at 50%.
4Hr Chart: The trend is up price has retraced nicely with a clean corrective wave down without breaking...
The market is failing to make a lower Low at this moment.
Simultanously, the MACD Oscillator shows Divergence.
That means, that the Indicator below and the price are not moving in common.
While the market went up and came down again (ref. two green arrows)
the Moving Averages on the MACD were rising.
Share your view on EU in the comments!
After the downside pressure that we witnessed early on after the market open, the price has made a reversal back above the 1DL,2DL, and 3DL. This is a significant move, and the final confirmation is price trading above the previous momentum low (0.7336) created this morning during the Tokyo session.
This is a low-risk trade and if the price remains above the...
The market broke out from the weekly Trendline.
After that, it consolidated and now, it is retracing back.
During this Retracement process, the hourly MACD shows as strong
In addition, we now have a consolidating Range, where we also have
a potential Lower High.
Furthermore, the Retracement Trendline (which can be expanded to the left)...
The market is moving in a downtrending Channel.
So, we here have many things which confluence to each other:
Firstly, we have the descending Parallel Channel from the H4 Timeframe.
As you can see, the market made a Trendline when it was moving upwards.
The Break of the Trendline marks the end of the Retracement Move.
The last time the market...
The market is in a Downtrend.
*This Analysis gives you an idea of what the market is doing now from our point of view.
You have to decide by your own analysis, which way the market will go...
or just follow the price ;-)*
*Leave a comment about your idea!*
As you can see we here have two major Trendlines, which are frequently respected.
According to whalealert a lot of money has transferred to crypto exchanges and a lot of coins has transfered from exchanges to private wallets. How do you interpret this? As I can see it's time for buying dip and raising the price.
the market was moving in an Uptrend.
As you can see, we here have a strong daily
Trendline which was respected frequently and
since a long time.
Recently, it got broken, which indicates
bearish power and the weakness of the bulls.
It seems like the Trendline is over now.
Now, the market made one lower Low and
two lower Highs.
That's why a...
The market recently broke the Trendline.
Since then, it is moving in a symmetrical Triangle.
In this Symmetrical Triangle you can also see a Range.
If the price gets pressure by the 200MA, it is very likely that
it'll break the triangle too.
Thanks and successful Trading :-)!
The market was in an Uptrend, but it is now turning into a Downtrend.
As you can see we here have a bullish Parallel Channel.
The lower side of the Parallel Channel is also a daily Trendline.
This Trendline just got broken.
Now the market pulled back after the Breakout.
Beside the breakout, something important occurs too:
The lower low.
The market seems to go down now after it was moving in a Box.
The thoughts are written down on the screen above.
If you'd like to ask something, please don't hesitate to do so!
We recommend to set your SL not too far away to increase your RTR ratio!
Thanks and successful Trading :-)!
The market was in a big Downtrend, but now it seems to reverse.
Let's go one by one on what happened and what it potentially means:
The market is going down on the left hand side.
It makes lower lows and lower highs.
During this process, a (dashed) Trendline occurs.
After that, a Range (purple Box) developed.
This Range got broken bearish, but...