One technical double top reinforced by the monthly fractal as resistance forged at 102.99 - The pattern requires validation below February lows (88.25) and it should target the 200% extension below (75.87), converging with the major 88% fib retracement level and the previous structure lows from 2011;
The inverted head and shoulders ( as a trend...
We projected this pattern for the forex analytix community last week, and it seems to be working as expected. Let's see if the German Dax holds up above 13436.
Inverted head and shoulders:
Resistance/neck at 13436 .
Default targets for the pattern projected at 14217 ;
Eventual bearish crab pattern projected below at 14036 .
After a retest of the previous fractal support from September 21, we have the most recent support forged at 39558.
Based on the recent price behavior and the Fibonacci ratios presented, I assume that a clear violation of the fractal support could trigger more downside momentum for bitcoin.
A head and shoulders formation will...
In the last 16 trading sessions, silver has not been able to recover above the support formed at 23.02 in November.
Currently forming a technical double top on a 120m time frame that will only be confirmed after a violation below the most recent support.
Once and IF confirmed, the drop in silver could help form a " right shoulder " to a higher...
A fall below the weekly fractal support positioned at 3176 may trigger one head and shoulders with default targets pointing to 2518, representing a drop of 20.76% below the major support...
We have resistance at 3462, 3549, and 3773, and the violation of the major resistance can help the formation of patterns at 4139, also representing a rise of...