Poker, a much loved game of psychology among traders, trains the mind to go ALL IN to call the bluff, so much so that it unknowingly becomes part of one's nature. I find this psychology of taking ALL IN trades in trading, a very common occurrence among newer traders. Every now and then, I am reminded of the times when the feeling of hopelessness creeps in, due to...
Bullish divergence on daily, confirmed with bearish trend line break and close to the upside.
This opens up the upside to 55.45, treandline break target.
However, shorter term charts indicate a retrace in the making with a likely support near the 49.50/50.00 range.
To add to the long bias,
Massive 3 year support seen on weekly charts, with lows since sept 2016...
Major breakout due in BTCUSD. Look for a close on weekly outside the triangle pattern.
Volume reduction with the descending triangle pattern is now in a classic breakout zone.
The trend has matured in consolidation. Expect High volatility soon...
AUDUSD weekly chart analysis indicates that the target from bullish trend line break has been met and price has consolidated in this zone.
Looking for longs near 0.7070- 0.7135 with an initial target of 0.7300/50 and secondary target of 0.7445
Head and shoulder target downside target is at 14.89.
Multiple supports seen near and above this zone in a 1 dollar range above 14.89.
Here's a visual:
First target for long at 20.20, prior support zone formed b/w 27 July18 and 16 Aug18.
Second target for long at 24.30, head and...
Looking for a long b/s the most immediate low @ 2.04 on hourly and 2.13. However, only a Close above 2.18 on hourly is likely to confirm a short term retrace to 2.50; prior support zone on daily.
Here's a look at the short term hourly chart with the bullish divergence signals.
Noticing a weekly channel support on MU at the current low of 34.40.
See the link below for the weekly channel
Momentum on weekly is bearish at the moment. The overall downside target on weekly is still 27.07( double top break down formation's target).
However, I expect the trend...
Formation: Key trend line formation on daily for MU with the next support @ 52.00. A close below this level on daily opens up significant selling pressure with the first target @ 45.62.
Longer and steeper trend lines have farther price targets compared to their shorter and shallow counterparts in general. This type of a trend line formation in MU leans toward...