Gold has seemed to form a V-Bottom pattern on the daily chart at roughly 1780 area. Note that gold has almost touched the 61.8% Fibonacci retracement of the swing from 1680 to 1880 and rebounded. Furthermore, it seems to hold the uptrend line from 1680 low at August while RSI indicator also shows the bulls are trying to hold the uptrend remained intact. As long...
In order to confirm my previous analysis, we need to see some kind of a bear-trap reversal. It probably would be very choppy and uncertain but I see a strong enough v-bottom in all of crypto that I think this could hold up. Long entry target would be around the rectangle box I drew, but only on the way back up and out of that range as a minor confirmation of...
Hello everyone. V-Bottom happened on the weakly. Volume Increase on rallies and decrease on corrections. Darvas box pattern - you have a shoot up and then the price consolidates within a box range... The stock was in a very long downtrend without any signals of reversal until now. Checked also the weakly chart. Basic materials are advancing.
GBPUSD is still on the bullish trend, trend traders can wait for a candle confirmation at 1.3777 for a buying opportunity on the Bullish Gartley Pattern. Gartley Pattern as a Harmonic Pattern usually forms a V-Bottom and it leaves the conservative traders out of action for most of the time.
WMT flopped its fourth quarter earnings in 2020 announcing -.74 cents a share. I expect a report with a lot more strength with integration of E-commerce into it online store models as well as less fear surrounding COVID-19 creating boost in sales. With only 1% of shares floating short, The slow grind up, which has been evident since the middle of March, is likely...
Seeing the retracement of 38.2% on the right side compare to the price point on the left. If we break structure; looking for a move in a bullish direction.
5/7/2020 7:15AM EST H1 Chart Possible V Bottom set up. Looking for price on the right side to retrace at least 38.2% of the left side before the breakout
i cant imagine a bitcoin V bottom. I expect at least a µ
Running Alpha Capital Markets has never seen such a bullish V-Bottom setup for USA stock market, particularly the $SPY -- which is the Exchange Traded Fund ( ETF ) for the S&P 500 #SP500 -- waiting for trigger. Sometimes just the market structure setup is enough to ignite buying, but for prudence watching for buy trigger today or tomorrow and this week -- very...
Update to my previous idea. Found a lil boost -We broke out. Momentum was slowly building, all it needed was a kick in the bum Hope you all snagged the break out. If not, don't worry, I really think we'll get a consolidation around the 3:1 before taking a shot at crossing the trend 38.6 Fib RT. Wait for it. We'll see what our momentum is looking like around...
DOUBLE BOTTOM/ V BOTTOM Nice bullish reversal -could be gearing up for a brief move back up. Before making an entry, will wait to see if PA maintains support above the current resistance line (inside the green circle) What do you guys think?
QCOM is running up ahead of earnings with a rebound off of a sell down during last earnings season. The recovery is a fast short-term V bottom.