Labelled points a,b,c correspond to each other
inverting point a gives a nice comparison
Rising wedges are usually a bearish pattern, but lately I have seen some breaking out bullishly
regardless, this one seems bearish
As you can see tomo is producing yet another cup and handle pattern on the daily candle chart.
Next prices:
1️⃣ 3.360
2️⃣ 3.560
3️⃣ 3.813
4️⃣ 4.200
5️⃣ 4.567
Stop-loss: 2.880
it seems fake break of 1.6BC and 1.13XA in the median line resistance area.
AB=0.61 XA
BC=1.13 AB
0.78 XA=$1.27
0.88 XA=$1.67
1.6 BC=$2.94
1.13 XA=$3.26
2 BC=$6.27
1.41 XA=$7
2.24 BC=$10
1.6 XA=$12.5
There is a Higher Low Double Bottom going on here with some Bullish Divergence on the RSI and the RSI going over the 50 line as we Breakout of this Wedge. My target will be the .886 retrace
I am bullish at TOMO as well.
This is my free signal.
I don't need your money. If you are the real trader, you will not take money from community. Enjoy your money and trade my free signals.
This will be a quick trade if it plays out but if it goes above the X point i will be exiting my hope for this trade is that we get a nice bearish reaction before the Sydney Session.
Long TOMOUSD
$ TOMOUSD Daily $ Consolidation Breakout
Keep an eye on this pair if closes above 2.90 then we can expect a target of 3.90
Note: Do your own research before buy
Thanks <3
In the weekly time frame, after creating a negative divergence, the chart reaches the bottom of the channel, and if it does not maintain the support of the bottom of the channel and stabilizes below it,The trend is declining
TOMOUSD showing a potential repeating pattern
leading to a massive channel breakout which would be nice
The pattern (1) has repeated itself, so I assume the next structure will repeat itself
It is a big assumption, but the bulls are favored so the chart will probably spit out something like that
Lets go TOMO!
