As described on the chart
I was in and out of this yesterday on price action. Will get in again on next trend confirmation.
Macro-economic Overview Essentially, it’s looking like the bear market is becoming more probable month after month. Tons of macro-economic bearish signals: Euro economies taking hits (Germany narrowly avoided a recession last quarter but has seen 0 growth; UK recession looming as well especially w/ no Brexit deal) We’re currently in the longest US economic...
Open eyes w this triple top level ....! Negative Divergence Fibo levels
Normally, I keep my trading and analyses to crypto, but this Dow Jones setup looks too good to ignore. Factoring in all of the bearish signs from fundamental analysis (rising interest rates, rising unemployment, slumping retail sales, and gov't shutdown), it's tough to argue that the stock market will break the previous high, especially considering the bearish...
The Price is in a fine down channel but it has been rejected during the growing up with a triple head. then it is very possible to go about lower bound of the channel. TP#1 is somewhere about next support level. and SL is a little above
Triple top breakout (for a long term investement)
Breakout of a rising wedge pattern to bearish and a triple top has confirmed to me a lovely 1;3 risk reward position that I'm already entered in on.
Rising wedge to triple top @ 93-94 then bearish confirmation breaking the neckline @85. Also, upside momentum declining as indicated by the RSI and MACD divergence, with MACD crossing the zero line. Political rhetoric by both Democrats and Republicans suggesting government intervention as the solution for combating rising healthcare cost. Also, majority of...
TMUS looking to form a trip top, with RSI facing DTL resistance in a downtrend. Looks ready to breakdown. Target: 69
Good afternoon traders, Looking at an interesting setup in US dollar versus Canadian dollar with a triple top forming around 1.34 with a third attempt to trade above that level failing and pointing to a pull back lower for the pair. More recently we just had slightly weaker than expected Manufacturing data from Canada which failed to give any real boost to US...
in daily chart: Triple top overbought in RSI indicator touching weekly trend line Low2 is lower than low1 Resistance level at 1.011 - 1.013 > Sell Entry : 1.0130 -Stop : 1.0150 (35 pips) -TP1- : 1.0005 (125 pips) -TP2- : 0.9805 (325 pips) in 1H chart: Bearish pin bar candle Overbought in RSI indicator Regular divergence Weekly chart:
1D: Price has went up to trend resistance over the last couple days. It has also tested against the 50 moving average. 4HR: Price has hit a major resistance area. There is divergence showing that price has gotten weaker even though it has been bullish. 1hr: Triple top formation has formed. There is a 3 indicating reversal on MT4 chart. Be patient and wait for...
With the Cannabis sector on a decline we have a nice triple top pattern forming. Once TSXV:VIVO breaks through the neckline, the potential bullish bat play will be out the window. If we break through and retest the neckline then we can expect to see a move to the downside in equal distance as from the neckline to the top. I am not one for shorting but I am...
Triple topped on the hourly. Key Resistance in a ranging market. Check the Daily timeframe for even deeper confirmation.
el precio muestra mucha recistencia en la zona 1.31118 () 3rd touch de la zona con una mecha super larga que nos deja saver la rejection de la zona. ()possible M TP #1 46 pips risk 32.5 TP#2 68.9 Ratio 2.12
The Dow Jones will go up to previous highs at around 26,800 to form a triple top reversal pattern, then will go back down towards 21,500. It's just cyclical. Nothing majorly wrong with the economy (not yet). Read the charts. The trend is your friend.
On the chf/eur daily, I see a LOT of bearish movement due to rising wedge occurring at resistance zone, strong resistance zone, descending trendline and broken ascending trendline and a triple top. These are indications that market will drop lower but major news is coming out in couple days so I will look thoroughly at this chart for when that occurs.