We saw a massive rally over the last months, with retracements around 100 handles. This week's price made a 108 handles retracement after 4 failed attempts to form a new high at 4600, then price fell back to the magical 4500 level in 3 days. At 4500 we saw a volume spike at the closing hour. With a higher low. All together it looks like a W formation at the...
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Similar formations are within the rectangles I expect a pattern repeat as shown with the bars pattern. This angle allows continuation of the channel, while providing some familiarity. Daily timeframe. I would call it a W formation.
The market is fractal and only does three things: go up, go down and go sideways aka consolidate. W formations are made at the bottom. M formations are formed at the top. Typically that high or low established is considered structure. When you see an opportunity take it with your stop a pipette below structure that was established and enjoy the ride. Trading...
Demand multiple rejection on lows dollar weakness all time highs in coming stock market correlation break and retest
It seems like a W is forming. If the W forms, this will indicate that we are currently in a Bullish run. We will see. Enjoy your labor day weekend.
Welcome back! Let me know your thoughts in the comments! **AUDUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Congratulations to those wo have follow my last idea and avoid longing Luna. Price is already hit 99MA and i'm not quite sure to hold it. As you can see in the chart we have another long scenario with a "W" formation. Let's see how its perform in next week.
Bitcoin has a drop dew to an M formation, But in a bull run or at a bullish reversal M formations easily become W formation which is bullish formation, so if we break 41.5K an M formation is becoming true, if we bounce at this point from this level we might have a Nice W formation @mariosdrou Always keep it safe!
The situation that we currently have in the monthly chart is a price over extended. When the price is over extended what we can expect next is a retracement. As well we have an over extended W formation , for the completion of the W pattern we can expect a retracement to the previous leg of the W formation. To measure the retracement use the fibonacci tool. if we...
Bitcoin found a Huge resistance at 39k AS PREDICTED with a drop to the downside! But there is a BULLISH Scenario ( W FORMATION )where we might found huge support at 33-34k$ which can lead us to the 42.5k level IF we break the 37.5k ( resistance at the Falling wedge) I personally gonna trade the 33-34k level up to 42.5k if we have the chance! Trade safe and wait...
RIFUSD can be seen to be within a rising wedge I believe this will break out to the upside, forming a kind of W formation on the side (if you can turn your head a bit) Rising Wedges are normally considered a Bearish Pattern, however, I have been seeing them breaking out to the upside lately, this is a possible example.
TECNICALS with price moving along the regression trend we are bullish sentiment overall however as we note a 76.80 retracement and a w formation on the resistance zone of 15380.15 we are being persuaded to place sells on the pair for 15:30 but we do need to consider a bullish outlook as well. there for if there is a break above the resistance zone ill wait for...
In my analysis of US 30, on the DAILY chart of this index, Price currently moving BULLISHLY to the Monthly Resistance Price of $35417 completing the Double Bottom Pattern. It is possibility that price will reverse at current resistance level. In this analysis I used Chart Patterns, Trendline Analysis & Supple & Demand Zones. CURRENCYCOM:US30
We can expect the price to come down Because we have an over extended W formation. If we take the fibonacci on the impulse we have a confluence of structure on the previous leg of extended W formation. We could expect a .5 fibonacci retracement . If you want to take an entry make sure you follow the rules of your strategy. For a better entry use lower time frames
AAPL forming a powerful set up. This maybe be the begging of the end of this bubble.
My projection for the next few weeks. I think it might revisit 35k-38k range before heading upwards again to 55k range and a possible local top. NFA I'm just a noob.