After a good price increase, it is now stuck in a daily time frame pattern and is controlled in a resistance and support area.
But when we look at the weekly time frame, the flag pattern is quite obvious and the expectation of the corner pattern failure goes up.
In my opinion, the best buying area is the price in three steps, 0.52, 0.618 and $ 0.4, and I set the...
✅APPLE is trading in a big rising wedge
And the pice recently hit the resistance
Then the stock formed a bear wedge
And the price is retesting the wedges support
The whole setup, combined with the
Frustrating new Iphone release
And the broader mkt looking down
Might lead to a breakout
And a correction with the...
Now if you ask me, there is no way in hell the DXY should be at these levels from a logical point of view...
please note, DXY over 100 means the USD is strengthening against the basket of currencies. including, EUR, CAD, JPY, CHF...etc....
With that being said:
We have some more fundamental potential boosters coming up this week that could easily well push the...
price make a broadening wedge pattern, and the last structure price made an uptrend but already breakout, it will be going down and break out the support or going down for bouncing back to the uptrend.
This Potential Short play is developing beautifully, I took a 1% loss this past week on a risk entry on this but I guess Price was not ready for the drop yet. Now I'll be waiting for the Correction after the breakout for the entry which will also act as our confirmation of the Short bias. Currently our Right shoulder is in the form of an Ascending wedge which is a...
$50k looks likely this before the weekend is done.
lets monitor its progress and watch the action unfold
with these patterns you want to see the action proceed in rapid fashion to its targets
with not much looking back to give credence to the broader view and larger targets to be in play on historical basis.
enjoy!
Well this looks kind of weird so far as Elliott Wave goes but the pattern speaks as the title suggests and so $50K looks achievable!
thepatternsite.com
I have been continue to monitor this chart for several months and called a SEP/OCT break up or down. It has broken down officially. This is where things get interesting. I will be waiting for next weeks open to confirm a continuation of the move before I am 100% sure. But this isn't looking good for the large cap companies.
A most possible drop on the 200EMA.
DISCLAIMER NOTICE!
This is only my opinion and not a kind of financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
Fibonacci 0.382 =762.53
cant get passed it!!!..
This type of consolidation always creates H&S.
You might get a green opener Monday, do your self a favor and close those calls. Next week Starts max pain for all Nasdaq traded stocks..
Right shoulder has formed a bearish rising wedge.
Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves.
Analysis on #GBPJPY
Expecting the market to move and rest its support trendline and 150.00 key level, where I will be looking for a reversal pattern to get in a buy trade.
As you can see I draw on my chart the trendline resistance and trendline...
Hi traders:
Similar like few of the JPY pairs that I have posted, CADJPY is once again shaping up for the sell.
from my previous CADJPY analysis, the price did impulse down aggressively, , but did not continue further after hitting the lows.
Price then reverse up to correct into an ascending channel reversal.
This is an indication price is once again...
Hey traders,
EURCHF is trading within a major falling parallel channel since March.
With yesterday's sudden spike, the price managed to break and close above its resistance on a daily.
Now the broken resistance of the channel turned into a strong support
giving us a potential safe buy point.
I believe the pair will keep...
THORChain⚡ broke out of the falling wedge with enormous Volume. If this is not accumulation then I don't know what is (see related ideas). Re-test of the BUY ZONE 4.4-3.4 from above would be great opportunity to get in/add more.
Targets 8.9, 12 and 18.3.
Like👍, follow✒️, enjoy📺!
