Is the September correction over?!
Technically, we have a bullish pattern that is a falling wedge.
The continuation of the recovery and the end of the September correction and the presence of the highest levels of the upper limit of the pattern qualifies the currency to resume the rise towards the targets shown on the above chart.
#Solana continues to rise inside an ascending channel.
Our target was reached at $170.00.
Continuing above the levels of $160.50 supports the continuation of the rise to levels of 200.00, then $220.00 - $230.000.
potential AB=CD pattern under formation.
A previous resistance was broken and it is now a support.
Average 50 is trying to move above the 100 average. (golden cross).
This bullish outlook awaits a buy confirmation signal above this resistance and when 50MA be above 100MA.
If confirmed, our targets are at the levels shown on the chart.
The main Egyptian stock index “egx30” is currently testing the resistance level at 10,840 points.
Breaching the previous resistance levels and the upper boundary of the descending channel is necessary for the continuation of the rise to 12000 points.
There is another chance in case the previous breach fails, which is to go back again to 10,000 points and form a...
A weekly downtrend has been broken.
The possibility of tightening monetary policy increases.
The price corrected to the 38.2 Fibonacci level for the rise from 8/2018 to 8/2020.
Falling again to 1700 levels and staying below it supports the following view:
We expect the correction to continue to levels 50 and 61.8. At the same time, these levels are the levels of...
It is trading within a descending channel on the daily and four hour timeframe.
Forming a bearish AB=CD pattern with the corrective percentages shown on the above chart.
Below on the RSI indicator, we find that the last three bottoms are converging, and the upper boundary of the descending channel has been broken.
The expected targets of the pattern at the...
Technically, we have a “small falling wedge” pattern inside another “potential big falling wedge”!!
Initially, we focus on the small pattern.
The idea of bullishness on the small pattern is supported by the appearance of positive divergence on the RSI indicator.
Technically, we have a rising wedge pattern. The lower boundary was broken.
Confirmation of the success of breaking the lower boundary supports the idea of descending to the levels of 108.00 and 107.00. Which are the levels of retesting the broken downtrend in February of this year.
The downside idea is also supported by the presence of negative divergence on the...
The rebound from the upper boundary of the triangle qualifies it to fall to the lower boundary levels at 1.9650.
In case the lower boundary is broken, further decline is expected to 1.96 and 1.9550 levels.