possible W pattern (double bottom) on 1h. wait for break with volume , retest of neck acting as support and then bounce off neckline with above average volume and LONG once we go above the breakout high. gamblers go LONG now goodluck
Recently announced parachain with dot, more fundamental news pointing to this coin being undervalued perhaps, saw a break, retest now it looks like we are seeing rejection and we are just waiting for the consolidation. Prob in the W form previously mentioned (all these coins seem to like it). TA pointing good (although we don’t even have a 100 day moving average...
W pattern breakout . wait for confirmation signal.. volume supported break of neck line then volume supported retest and bounce off neckline as support + price going above the breakout level. signals are important gamblers can go long now! set stop losses
side by side here. 1h and 4h. for the risk oriented . possible double bottom can lead to huge W pattern breakout to 62K!! on the 4h we are in an ascending broadening wedge breaks bearish 52% of the time as per thepatternsite.com learn more at thepatternsite.com
Confluences: -W pattern -Price respecting fib levels -Price re-entered previous daily trendline -Enter on continuation with a buy stop -Good Risk-Reward -AUDUSD hasn't retraced in a while so weak AUD should correlate with GBPAUD going higher, also the pound has been really strong lately -Take profit will be in the second zone, I'll take partials at the first zone
Target 183.9 Wait for breakout and confirmation, before trade
With the W pattern formation which is also a double bottom pattern, it is evident that EURUSD may go in this direction. Watch out!!!🔥 What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not...
This is based on 4hrs. The details have been mentioned inside the chart.
Hi traders, As we look at bitcoin it is in an bullish pattern. On the RSI indicator we see an ascending triangle. What I think that is going to happen is that bitcoin will pull back and retest and then going to hh or will rise now. I am not responsible for your decisions. SemftTrading
Indications that suggest a move to the downside within the next few days: - A completed liquidity run above last week's high, with subsequent bearish institutional candles - Completed W formations that have reached reversal zones of fib confluences - A liquidity void to the downside that needs to be covered - Gann based time/price projection
updating this mornings chart you can see we broke out of the bearish head and shoulders and now breaking the bullish W pattern line. if we close a 1h above the purple line and your impatient you can get in here with a small bet and add margin if we break the white line ATH. we had decent volume breaking out the head and shoulders and we need to continue to see...
todays chart is showing breakout of the long term pendant to the upside. however we are struggling to pass the head and shoulders neckline.. keep in mind this head and shoulders is also within a larger W pattern. a break of the W neck line will be bullish signal. always wait for larger than average volume to provide confirmation that there is buying/selling...
same chart as before as you can see the trends are holding nicely and it seems we may have a W pattern forming. i will be looking for at least hourly candle close above the neck line to feel bullish. if confirmed with volume you can get in there or wait for a retest of the neck line with a bounce off with large volume for confirmation. let me know what you guys...
Bitcoin forming W pattern