Where will we finish this year? Will we start a new uptrend on the 7th of January? Or will we see new lows under 100 USD? Every Retracement was followed by a dump after the golden pocket was lost. Trendlines showing possible End of December Dates and 7th of January of new tests of the current golden pocket. Will it hold and we have the power to come out of...
DENT / BTC After the break of the downtrend line (the line of resistance of the downtrend), the price made an increase of + 20%. And thereby a potential top of the Double Bottom figure was formed. Now the price has rolled back. Pivot points (zones) and the algorithm of potential movements I showed on the chart. If support is confirmed , a “ Double Bottom ”...
Hi Traders! The market was in a wedge formation since the beginning of October. Then it broke out around the area 1.31500. After that it retested the breakout and the market bounced back. If the market hasn't done that, there would be a risk of a false breakout. Now the market is around the Neckline at 1.31800. We recommend to buy now until the resistance with a...
Usdcad cad was moving inside a wedge now as it has broken the wedge I will wait for it to retest the support+wedge line to open a buy
The price is holding up at a main fib. level and in a downward wedge formation. Observations: > Upward Trend is intacted > 21 EMA on the Weekly acting as support > RSI and Stoch indicating Hidden Bullish Divergence > Previous resistance of 2012 can act as support or is trying to > Media\News: Gold is being sort out for risk management due to the fiat...
Pls share your thoughts so I can confirm my theory. :) we can wait a few candlesticks to see if price breaks and closes above resistance.
Since the start of September Gold has been in a descending wedge, but since the start of december it has also been in a ascending triangle, I see Gold going in one of a few ways: 1. Short to and breaking below the triangle and a possible return to the base of the wedge, probably around 1420. (dont want to think about this) 2. Short to and bouceing off the base of...
$SOHU has broken out to the upside and looks set to continue climbing. $SOHU has been in a downtrend and is down 34% YTD. With a 52 week range of $8.79 to $22.71, there's a lot more room to the upside for $SOHU to run. Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of...
Wedges are a form of Range pattern & Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Ascending Bearish Wedge and Descending Bullish Wedge chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Long 3:1 reward to risk euro is looking bullish recently
Bitcoin continues its downward trend. Potential wedge pattern breakout.
Freeport-McMoran is attempting to break out of a bullish wedge pattern. There is a lot of options activity in this name with the February 21 $14 and the December 13 $12.50 calls. Note the bullish divergence just prior to its recent bullish move. We want to see the stock hold above the break out level. If the price can hold I am targeting $13.90 as my initial price target.
Hey tradomaniacs, welcome to another free signal! Important: Wait for the market to break below the 50 EMA and the current range in the smaller timeframe (h1) before you sell. ----------------------------- Type: Swingtrade USD/CAD: Swingtrade-Preparation Market Sell: 1,32485 Stop-Loss: 1,32915 Target 1: 1,32062 Target 2: 1,31727 Target 3: ...
Clear confirmation of last bull market support levels at $6,500 has caused a bounce into a bullish wedge preparing to challenge the high edge of the current market downrange. The next 10 days will determine if we see a breakout or a failure at $7,700-7,800 near the tip of the orange wedge. I expect a failure to $7,350 and a bounce back over $7,700, converting...
$GLUU is breaking out of its wedge and we see this as bullish. After disappointing Q3 earnings, the stock has held up well and we believe higher prices are in order. Here are the highlights of the November 6 report: Glu Mobile (NASDAQ:GLUU) has tumbled 14% after hours following Q3 results where revenues and losses came in worse than expected. Bookings hit a Q3...
Here is the weekly chart for NUAN. It has been trading within an ascending wedge pattern since the end of 2018. It broke out of this pattern in early November. I have noted a couple of pullback zones where I would like to see bullish momentum continue. We can see that the first zone was tagged before the price began moving higher this week. We will have to see if...
Hi Traders! The market was moving inside a descending wedge. Then it broke out with strong Price Action around 9 o'clock. Now the market will probably make a pullback towards the support at 0.68900. All of the traders who missed the trade will jump on and the pice will move higher. Furthermore the sellers will close their profits at this level and the market will...
4Hr chart shows clear wedge and believed to show a break of the wedge with fast impulse movement when breaking the wedge . Looks closely at the chart and watch when it hits the support or resistance as it will become impulsive . Use buy stop and sell stop