Price have shown a significant pullback to test an important area around 0.88195. Medium term; market is in a uptrend with a possibility for it to continue its trend up to test the 1.272 Fib level. Kept S/L relatively close to the support. A break of the 0.88575 level will clearly support the direction of this trade. Needless to say, fundamentals and news related...
I took some of the countertrend before it continued on the trend, which I saw happening on the MONTHLY a few weeks ago off a butterfly pattern. It would be fine to just treat it as an upward trending BUY on a 4HR interval that still has room for at least 30 pips considering the RSI.
ALDR was recently upgraded by zacks to a rank of 2 (buy). ALDR is in the healthcare sector which has been doing well over the past 6 months. It is currently making a nice move up with higher highs and higher lows ( Ascending triangle). There may be a couple more days of consolidation so I will wait for a bullish confirmation with some strong volume to support the...
I bought this on today's close. This stock is in nice uptrend and recently experienced a nice pullback to the 50% Fibonacci retracement level. It is also consolidating very nicely at this level. There was also a nice increase in volume today to support the move. I could have waited for a bullish conformation but all other factors are good so I entered early for a...
As indicated in the chart - the steepness of the BTCUSD chart has increased (is increasing).
Therefore the trendline has changed from purple - to orange - to green.
Consequently Bitcoin will follow some pattern which is more likely to be close to the blue drawing.
I disagree with the general consensus here on tradingview which is represented by the black arrow...
I think there could be one more downswing before btcusd rallies over $6800. Creating new support lines which we will go over in couple days. Unless a whale steps in and creates another bull flag this is what I'm seeing btcusd playout.
I know I've got that chart tatted-up like an inmate, but these trend lines give us a good indication of what kind of support/resistance we're looking at moving forward. The mid-term support line I calculated seems to be holding up despite a good amount of sell pressure, and this incoming squeeze will test it further. With some momentum or a news catalyst I could...
There’s More Upside For Natural Gas
Using Fibonacci Confluence Trading Price Action ... as hits the zone of those past level and shoots back up tending to be respect in a trend up
setup on trend continuation or simple bullish momentum.!!!!!!!
P.S. Today, EIA Reports Natural Gas Inventories
AUDJPY expecting a ABCD pattern to play out
I see on the near term uptrend continuation based on PA
I would like to use a stop order to catch the breakout, placing a stop buy order above the resistance zone around 83400
let's see how it goes.!