Most of the prediction is dependent on creating proper W formation
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...
This is an idea! Not a signal. Analyze for confirmation. Red line - suggested stop Green lines - suggested targets
This is an idea, not a signal. Analyze for confirmation.
Hello traders and community, today I will tell you shortly about situation of USD/CZK Trend analysis - 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...
Based on the current chart pattern IP.CN is getting prepared to establish a possible W formation. Support levels have been tested several times so far in the new upward channel that was created in Jan 2021. There have been several promising news within the last couple of weeks as well as a hugh number of insider trades on the regular market by the chairman of the...
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? Above...
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...
Looks like OSTK is setting up for W forming which is completing on 81. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
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...
Good day Traders ! For this pair we have a "W" formation in the Monthly timeframe ad well as a double top forming. We expect the price to drop to the neckline and also to correct the previous impulsive move. Going down to the weekly timeframe we have an overextended W formation as well and the neckline of this weekly is in confluence with the Monthly neckline...
Good Day Traders !!! On this pair we have a market correcting on the M timeframe as well as the W timeframe. On the daily we can clearly see an overextended "W" pattern being completed and we are ready for an impulse to the upside. The target is the 50% FIB retracement taken on the weekly impulse and that aligns perfectly with the next weekly resistance. From a...
Good Day traders !! On this pair we have a "W" formation on the daily timeframe and we are heading toward the neckline of this pattern in order to complete the pattern. Also we can realize a impulse correction impulse pattern and head to the upside after the retest of the neckline which is in confluence with the 0.618 FIB retracement. From an institutional...
GBPNZD is coming off a previous W and Shark pattern. Usually after one pattern comes another of inverse proportions. While price is moving within this range, it seems to be finding support and resistance at these key levels which form the patterns. If the M is completed, there is possibility for an overextended M from the 4H to the daily timeframe which would...
ON the Daily timeframe we have an M formation and we would like to see the price to retest the neckline before the continuation to the downside. Also On the monthly timeframe we can obviously see an overextended W formation which neckline aligns perfectly with the demand zone highlighted on the Chart. We want to catch that impulse to the downside with a good R/R...