Support TL broken during a strong bearish move by the GBP today Also looks like a triple top on the 1h chart. Price may retest broken support Tl as resistance, and likely go down from there
April Lean Hogs is fighting lower prices. The last 3 days were crazy. We may continue uptrend on Monday as Feb Lean Hog (see below) has created a Harami pattern suggesting higher prices. The USDA index for Lean Hog is 68.11 area and has been rising. If we get a triple top, we may be looking at even higher prices. Next USDA index comes out at 8:45 Chicago time....
On the 1H chart we have a pretty nice formation, whatever you want to call it, they both mean the same thing. It signifies that the trend is coming to an end. Most importantly is the third impulse - third top or the second shoulder - and that it is the lowest of the three. To me, that shows that bulls are slowing down and bears are entering the market.
on the 240 time frame there is a wedge pattern an this can possibly break to the downside becasue RSI is showing divergence whilst the market showing a upward moving wedge this can led to the market falling
Hey guys, today i want to share a traditional structure based trade that's on my watchlist today. On the left hand side of the chart you can see on NZDUSD we are fronting a key resistance level that may stop price action's rally. If you follow me for a while you know i'm a conservative trader and that i need additional reasons for entry in order to set my orders....
This chart is really interesting. USD/CAD faked out of this weekly trendline, with CAD weakening as BOC stated they are leaving the door open to near term rate cuts. This could see continued CAD weakness in the coming week and lead to prices testing the key 1.3580 level to the upside. Our overall bias is still short so we see a triple top forming at the .50...
A triple top may be formed. A great short would come
USDCHF is at 78.6% gartley reversal level and could be a triple top here for safe entry short on breakout of neckline or possible retest
3 times price on this pair retested the resistance zone surrounding 0.96 seen above. The first time price reacted bearishly (the first top), however it did not go far down as it did previously (see 2015-12-29 date on chart). The second time price broke above the zone but then fell some - forming a second top and then going down to make a higher low. Then again,...
AUDJPY has a lot of shorting potential at the moment, however any position we are going to take needs to be confirmed due to the subjectivity of the trades on offer - meaning I am expecting an overall selling direction but there are more than a couple of things price can do first which can be seen on the chart. Sell any breakout as and when it occurs - this is...
A dreaded triple top? Entry alert on Tesla Motors. TSLA when the price break the triple top ... Please be careful, feelings and emotions in the market "An investment in knowledge pays the best interest" - Benjamin Franklin Stay tuned for more, visit: www.southment.com Sign up for The Big News
Hi Traders, I have been eyeing this setup for most of the week. There is a 2618 selling opportunity very close to market. This pair has made a triple top (see marked on chart), which is a sign that we may see a bearish reversal and downside continuation in the coming week. I have a position ready to sell at the 61.8% fibonacci retracement, it has extra...
This is my View for NZD/USD so far. This Pair is moving within an ascending Channel and formed a triple top. I'm waiting for a breakout to the downside and enter a short position after a confirmation. Trade safe, Daniel Likes and Comments would keep me motivated.
Hi guys, so we got another oil triple top. We should easily see 44 and below and even onwards of 40s (likely), what i would advise is enter a sell and switch to a 4hr Heikin grapgh to use to take profit, anyways enjoy and good luck.
Triple top, slide parallel of a median line and the 1.27 extention of a previous impulsive wave all meet in a level where price looks like is being rejected. A RSI beaish divergence shows that this upmove may have come to end. Like and follow for updates..
Price had a hard time making a HH for the week. The TDI has crossed upwards but seems to be lagging. Downside is upon us. On the 4H chart there are two key confluences to look to short this pair. 1. Triple Top 2. Divergence Support should be a good area where price will mee for the week. Trade safe!