If this breakout is confirmed on the weekly then the target is 16k...in addition to this simple bull flag on the weekly chart we also just broke above the neckline of a weekly inverse head and shoulders pattern too which has a similar breakout target I will show that in a separate idea. Based on the volume we got today I have a feeling we will see a solid volume...
After the breakout of the ascending triangle we moved up to the price target of the weekly chart GC1 took a break at this level and moved some days in a slightly downward in a corridor In the last two days GC1 broke out of this corridor and went back to the upward trendline In my point of view GC1 is increasing further to the target price of USD 1’913.80...
Still in a downtrend on a daily and weekly basis Will the support hold at 0.93760? On a weekly basis the 100 MA will cross the 200 MA in the next days Will the dollar test the low from 2018 at 0.91876? My view is that the dollar will be still under pressure against Swiss Franc and that we will break through the support at 0.93760 and retest the lows from 2018
Daily Chart on the left side After the drop it had nice recovery, followed by a sideward movement which the index left in the last days Passed through the resistance at 12’556.21 (horizontal line) and at 12’572.12 (76.4% Fibonacci Retracement) Golden Cross a few days ago Weekly Chart on the right side Uptrend since a few weeks 50 MA turned back...
We can see we have 6 valid touches on the bottom red trendline...hard tot ell whether the yellow trendline or the green trendline is the more valid top trendline of the wedge...but hopefully its the yellow trendline that price action is currently above. If we can maintain steady support above this yellow trendline then that should hopefully lead to a bullish...
The Usd/CAd is a correlation pair, that usually moves opposite to the Aud/USd and oil. Last week bullish candle stick and supported by 1.4000, the pair seems to be ready to test the 1.4500 over the coming weeks. As long as the pair stay supported by a daily close of the weekly low 1.3900. The pair stays bullish.
GBP/AUD is overbought levels in weekly rsi, DeMarker, and bb Weekly MACZ-Vwap crossover for short-sell Weekly Moving averages are crossing for short-sell 1.800 take-profit target and 1.9320 stop-loss Retail sales expected bullish for AUD later Bearish expected construction for GBP later NFP is bullish expected so GBP/USD are short-selling
We are currently testing the weekly 50ma as resistance here...if we can overcome it the next resistance will be 10k if we see a solid rejection at 10k we will then start forming the right should of an INV H&s shoulder pattern that could have a breakout target of 17k so keep a close eye on this pattern as it develops./..of course these patterns are never guaranteed...
EURGBP nice rejection on weekly/monthly resistance eurgbp seems to have lost its bullish momentum and im looking to sell now.....it should fall to the near support levels in my opinion.
Potential BAT spotted on EURCAD weekly chart - expected to form before 7 Dec; anything after this will deem the pattern invalid TP1: 1.4836 TP 2: 1.5339 SL: 1.3616
Long term perspective of GBPCHF . Spotted Bearish Bat in GBPCHF. It will be a dream setup if this is fulfilled. TP1: 1.3779 (1270 pips) TP2: 1.2896 (2153pips) SL: 1.5807 (-758pips) Expected completion by 21 Sep 2020 (optimal). Latest completion before 27 Feb 2023 Open position only when price completes its retracement from 1.5049 to 1.5204 back to 1.5049.
The bull run on Nasdaq continues to break records. Many don't recognize that runs that move parabolic like this are more likely to continue than reverse....but they do eventually reverse. And when that occurs, it's rarely gentle. Taking profits in a market like this is difficult. These are the zones I'm watching to act as inflection points, just in case this...
Potential Weekly Setup in USDSGD TP1: 1.3178 (839pips) TP2: 1.3697(1358pips) SL: 1.1937(-402pips) Open position at: 1.2339 (retrace price after touching D point) Will be a very profitable trade if the setup completes beautifully.
GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late...
MU weekly chart shows a bottom completion underway for MU as it recovers from a 50% decline last year. The stock is showing some underlying momentum from large lot hidden activity.
Hard to tell which one of these 2 current patterns is the more dominant chart pattern here but if the inverse h&s ends up triggering on the 1 day chart then the yellow ascending triangle here on the weekly will likely end up being the one that gets validated.