Double bottom et vague de wolfe
MY target 43 take profit with stop loss at 35- good company and all the bank industry will start to go up soon in Europe like happen in US
Hello guys, watch out the video for my trading suggestions. Thank you, Simone
Hi Guys, I very often read tons of UNREALISTIC and totally wrong trade suggestions - especially when it comes about cryptos ( BUT NOT ONLY ). The first reason is because they do not look to the general picture ( weekly charts ) and they do not know how to use indicators. ( even if they do believe to know how to use them )! Conversely, I am ALMOST ALWAYS...
A = resistance B = flush-high / false breakout / whatever you want to call it C = formation of resistance @A The outlook has been bleak for some time. Pressure is mounting further with the development of a large H&S reversal pattern on the weekly chart. This pattern will be completed below the neck line at ~42.00. This pattern, in combination with the weak...
H4 - Triple cycle completed with bearish divergence. We may now expect double wave correction to the downside and the price to reach the zone of 38.2% - 50% fibo retrace level. Once the double wave correction completes in this zone, we can go long with the breakout of the most recent downtrend line.
Next chance to trade long. Price in last move up remove opposing peak. I will wait with buy order on FIBO 61,8 % retracement. SL under valley TP 2xSL
Chance on catch potential move up even to fill old gap in price. Trade on continuation of move price up created from 18 April.
On Daily timeframe we can see very high Volumes, while price change was very, very small. As no professional player is going to buy stocks when they already are high, it should be short position gathering, so I would expect next week these stocks to fall down to the bottom.