Shares of Intel Corp. (INTC) are breaking out of a triple top on the weekly chart going back to the end of 2014. Potential upside targets are around $41.5 in the near-term and $46 in longer-term when using the 127.2% and 161.8% extensions, respectively. Support around $38 needs to hold to confirm the breakout.
Hi guys, very simple setup: we can see a triple retest of the same level, that is a daily structure level. Every time the price reached that level it did with lesser and lesser strength: therefore i can go short, with stops above highs and targets as shown on the chart here. Remember to take a look at my videoanalysis (link down below) if you want more. If you...
Hi guys, very simple setup: we can see a triple retest of the same level, that is a daily structure level. Every time the price reached that level it did with lesser and lesser strength: therefore i can go short, with stops above highs and targets as shown on the chart here. Remember to take a look at my videoanalysis (link down below) if you want more. If you...
Price remains bearish after a triple top pattern in the resistance level.
Setup still valid not much changed since I last posted on Friday. Triple top now spotted & currently at a strong area of resistance. A pullback higher is possible but not expected personally. Will watch to go short after a bearish engulfing & break of the counter trend line.
Triple top at monthly chart. A late seeing but still may be a lot of room for profit till 5.80
Bitcoin performed dramatically these days. However, It looks like there is more short opportunity than long. -triple top -divergences Goldman Sachs commented Bitcoin might go up to 4827 USD but also it could correct until 2221 USD Risk 500 USD take more than 1000 USD profit.
After several attemps for long, bulls could not resist attacks of bears. Bears put price back again and again and keep in 0,95 area. Eventually the price build tension on the breakout area. SL and TP point as depicted.
GC1!/ XAUUSD /gold 1. Bearish Triple Top 2. Shooting Star COMEX:GC1! FX:XAUUSD FX_IDC:XAUUSD OANDA:XAUUSD
This is perfect situation where short position has potential to bring some nice profits. 200EMA tend to stop corrections and put pair back on track followed by latest trend. I drew the line along three tops which perfectly stopping pair and pushing it back south. I would set TP just before 0.7000. It is hard to predict how the pair will act in the next couple of...
EURJPY: a correction from the top is now coming
www.tradingview.com We see a nice Head and Shoulders Patter on the 4H chart. News the morning of 7/20/17 shot the pait all the way up to retest the Previous resistance level of 117.50. When you drop down to the 1H chart, you can see that right when it touched 117.648 it shot back down with heavy force. Hopefully they trapped enough sellers to push down for awhile.
Gel is showing signs of resistance at the $32.39 to $32.85 level. Needs to clear that before any talk of continued uptrend. But for now, time to take profits if you already have some.
-Waiting for point D completion and a clear sell signal before entering ** Due your own due diligence before entering the trade
will it become triple top ? i'll prepare short entry on Small TF
If price struggles to break 1.298 resistance look at going short after price breaks the Bullish channel Further confirmation will be a Head and Shoulders pattern.
We recently had a major gap in the markets after the first rounds of the French Election process. On EURUSD the pair gapped up nearly 200 pips. Price came down quite a bit over the last week, BUT the gap hasn't been filled yet. The market doesn't like holes, and it doesn't like uncertainty. Euro's been consolidating within a 100 pip range, but I believe that the...
United Continental Update A triple top forecasted an approximate $6 drop to roughly $64, which also corresponded to long term support at line 1. UAL, having currently fallen under its 100 day MA (pink line), is flirting with the bottom edge of a symmetrical triangle as well as the 23% fib retracement. If UAL falls through, look for support at line 1, then at the...