Anglo Gold seems to be morphing in the form of a flat top triangle but it is obviously very early stages. We have a 3 bar hold off the bottom trendline, which have on both prior occasions resulted in a fierce rally in price. Should we start to see follow through on Monday with a push above the 3 day highs then we have a really good chance of going to test the top...
LLTS 15M Analysis: The trend is in upward and the price is not making higher high forming a resistance while the price is making higher lows and taking support on trendline.
📝 In this educational technical analysis, I would like to discuss BALKRISIND. Understanding key technical terms and patterns, such as pennants and ascending triangles, can help new traders identify potential trade setups. Remember, I am not a SEBI registered analyst, and this analysis is solely for educational purposes. BALKRISIND experienced a bull run from...
CMSB After this few days of minor crash on penny stock, CMSB also been affected. It also been affected by the news of Norges Bank ceased to be substantial share holder on 12 Jan 2024. However, personally I think it will not affect the fundamental of the company. Technical wise, it as mentioned earlier, RM1.18 is a key resistant level that had been tested 4 times...
greaves cotton looks good with support tested after testing support at 120 two times. If markets are bullish can reach first resistance according to triangular pattern. only investment script not suitable for intraday trading or even MTF holding. thank you.
Hello Traders, welcome to today's analysis of Alphabet. -------- Explanation of my video analysis: In 2011 Alphabet stock broke out of a beautiful triangle continuation pattern and created a rally of more than +800%. This pump was followed by a retracement all the way back to the support trendline of 2011. Alphabet is currently creating a triangle formation...
#Ujjivansfb Good For Swing Trading above 61.8 as it's High of Engulf candle #volumehunter 1) Very Good Volume Support 2) it will break upside of engulf Candle 3) Ascending Triangle Pattern on weekly Chart
Is it better to hold Ethereum or Bitcoin? If you are interested in such question, you probably want to see the ETHBTC chart. My analysis is on the weekly chart. What we can see is that the ETHBTC formed a WXY Elliott Wave corrective pattern with a 1:1 FIB extension. If this pattern confirms, ETHBTC could reach a new high and pump massively. But the price is still...
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
Hi Traders ! On The Daily Time Frame, The XAUUSD Formed a Descending Triangle. The Price Broke The Support Level (2013.702 - 2021.000). This Key Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉. I'm Waiting For Retest... ________ TARGET: 1983.000🎯
OANDA:GBPJPY is in the distribution phase after breaking the ascending triangle structure. Against the background of the November 2023 retest, there are not many chances to break 188.3 from the first time. The pound sterling both technically and fundamentally looks stronger than the Japanese yen. On the senior timeframe we see the formation of a sideways...
Brent crude oil 4-hour and mid-term time frame analysis The possibility of the formation of ABC corrective wave, which is currently expected to be in wave B, and after the end of the range, it will continue to rise towards the number and range of $83 and $85 as wave C. The main and important support number and range is 76 and 77 dollars.
Hello Traders, welcome to today's analysis of Microsoft. -------- Explanation of my video analysis: All the way back in 2014 Microsoft stock perfectly broke above a major resistance area at the $35 level and entered a +1.000% bullmarket. Over the past three years Microsoft has been trading within an ascending triangle and recently broke out towards the...
Hello Traders and welcome! Let's delve into USDJPY, highlighting an exciting trading opportunity. The price has recently surged above the breakout point of 146.379, signaling a significant move within the ascending triangle pattern. This breakout sets the stage for promising trading opportunities. Targets for potential gains are as follows: 62%: 148.263 79%:...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded in a triangle, where it rebounded from the resistance line and made a downward impulse to the support line, breaking the 42300 support level, which coincided with the buyer zone. After this, BTC at once rebounded from the support line and in a...
FOREXCOM:XAUUSD is updating a low of 2001.9 and forming a correction in a phase of waiting for news to be released at 13:30 GMT. At 13:30 Initial Jobless Claims will be published - analysts expect that the index may show worse data than in the previous period, and also, it is worth paying attention to Bostic's comments (FOMC), who will speak three times...
Solana is in a triangle between 2 channels, approaching the Apex! It could break either way! Solana could be in a wave 4 of 3 retracement which could last two months from when it started on Christmas at noon if it's length can bet determined by the wave 2, which lasted from July 13th 2023, to Sep 11th 2023 (59 days 20 hours) or we could just be in a calm between...
After spiking amidst the banking panic of early 2023, gold steadily declined throughout the summer, before charging forward towards a spectacular year-end finish. Although a weak 2024 debut has tarnished the yellow metal in the eyes of some, it could be headed for new highs much sooner than they expect.