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.!