Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified A new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
The triple top in tf 4h is being formed and may have already formed whether it's a little bit or starting
Pretty possible idea for USDT.D on the weekly chart A clear triple top which means the whole crypto market is bullish
Double / Triple Top Emerging Pattern Bearish Reversal and Resistance 158.21 Target Neckline 152.8 Support and Resistance Levels Daily Timeframe
Good Evening Everyone! 😃 My short-Term view remains the same as last week despite a decent performance in the markets the last couple of days. Here I broke down the what I expect from Bitcoin in the coming days! Fibonacci: The 0.382level at 37k forms the current local support. The 0.5 area just above 38k is the level that we are yet to see a candle close...
BTC Forming Bearish Pattern, i.e. Triple Top. Let me know what you think about this. Cheers! Let's see how it plays out.
But for real though I see it’s going to pop back down and test that support spot but not before some normal level of the Fibonacci like .618 or .5 or maybe but I feel is not likely is hitting the .382 Be reactive traders! Never predictive! Your not a fortune teller because if you were you wouldn’t be reading this lol
SP500 seems to be hitting its head against 4700 and forming triple top. They are still doing QE, FED promised to lower their asset purchases, but their balance sheet shows an increase. We will see if it will break, go higher and then I would be fearful of the next CPI numbers, but I think there is a technical case for going short.
Another drop for chainlink in the next day or so. Take your profits and buy something nice for Christmas. Looks like it will hit at the $15 range or if the support hold we can be testing $20-$25. Just a guess as I'm not a Psychic. Just a study of patterns, I'm no Stock guru by any means. Good luck either way.
The Market was all red this afternoon but bitcoin held up his position by staying green today - I am still believing in the head and shoulder scenario I have shown before. Here on the chart we can see: - a small support that keeps bitcoin up - lower day highs for the past week. I think that bitcoin is for now not ready to get out of this zone, but if the...
Analysis of Veeva triple top See chart for: Triple top Confirmation with sell volume increasing at peaks Weekly trend Support / Resistance Bearish Divergence Moving averages Shorted retest of support now resistance. Want to see a break of the Weekly 200EMA If price is supported, keep an eye on volume and add to short at wicks of retest of previous support /...
Keep an I on the possibility of this being an outcome for Chainlink. Even though it has been on a pure uptrend testing it's highs and lows and pushing forward. There is always another side to every success story. No matter what I believe, Chainlink will push through eventually. Keep an eye on resistance levels through the week. $27 specifically, if we find it...
As we can see bitcoin is forming a head and shoulder pattern. And we can also see that Ethereum is following a very similar pattern. We are currently in a bull trend at the second shoulder base which will reverse at around 3400 to undergo a correction to complete the head and shoulder pattern. The course of Ethereum could still go completely differently from my...
A hawkish BoJ rate hike amidst a strong UK GDP and Industrial Production figures might propel the Yen to new heights as the Pound looks set to end the following week(s) in the trenches. Technically, with the sight of reversal set-up (triple top look-a-like) at the JY156 zone, It is becoming obvious that the demand zone has lost the momentum to push the price above...
Triple Top Neckline is been retested at support level. Looking to downside for 2 targets at the next support levels. 4 Hr Chart Neckline Broke on Triple Top Reversal
GBPSGD on the 4h chart after the triple top is testing the 4h support. The price is trading above the 0.382 Fibonacci level but if the price will break below and satisfy the ACADEMY rules we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
The expanding triangle environment (distribution at high level) is at ending stage in S&P500 . Yes in all world indices. Today12/22/21 if SPX not breach 4656 (62% of wave''A'') then first confirmation for weak bulls. IF SPX falls below 4495 then second confirmation of weak bears. Finally IF SPX FALLS BELOW 4326 (OUT OF THE EXP,TRIANGLE) then final confirmation...
NASDAQ on the 4h chart never broke above the highs and created a triple top below the resistance area. The price melt to the lower support and according to Plancton's strategy IF the market will break below and satisfy the ACADEMY conditions we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...