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
In the monthly we have a price that is over extended. The price is currently rejecting a supply area. As well we have a over extended W formation, so we can expect the price to complete the pattern with a rejection to the w previous leg. if we take fibonacci from low to high we can see that the fibonacci .618 level is align perfectly with estructure. We just have...
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...
Hello traders and community, today I will tell you shortly about situation of USD/CZK
- As you can see from the USD/CZK daily chart, we are currently forming bullish W pattern (yellow line) and also short versions of W pattern, that's why most of factors shows us about possible bullish scenario in long term. Resistance level from Fibonacci...
Clear W short formed type spotted on the 12H.
First Target 1880 USD
Second Traget 2040 USD
By drawing fibs from the last top 2043 to 1294 (coinbase prices) we can see that we are currently at 0.5 (1668) the break point of the W
If we break we can expect the price to touch the above targets
if we break 0.5 (1668) we can expect to see some resistance and...
I know beauty is all about perspective, so here's mine
This is an ugly formation
While NFT's (digital artwork) within the Ethereum community continue to explode, an array is present, and as they cement their place
We are stuck with this ugly (W) formation on the Altcoin market
I just find it Ironic, I had to post
Maybe irony presents a form of truth?
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
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have just Completed an "M" formation We expect the price to hit the neckline at 1.73800 in the long term if we reject the current area of support we are currently sitting at .
Weekly : We have an ABC corrective sequence waves and we might be ready...
GER30 we have formed a nice resistance level on the daiy timeframe which market is currently respecting, also on the daily market has formed this W formation, after a w formation we expect the pattern to complete at the neckline. On the lower timeframes market is starting to break the uptrend and form new bearish structure, if all our rules are met we will be...
Good Day Traders !! Here is a full breakdown on this pair, let me know if you have any questions in the comment area before, the entry will be triggered only if all the rules of the strategy are respected. I would suggest to keep this pair on your watchlist to look for opportunities. Also I will be linking my previous analysis about this pair.
Trade safe !!
Good Day Traders !!
On the Monthly timeframe we have An M formation on the way, we are in the last leg and expect the price to drop. Going down to the weekly we have a "W" formation and we expect the price to drop to the neckline at least before a continuation to the upside. Going down on the daily We have completed an "M" formation pattern and we just rejected...