Price has broken out of this wedge formation, and it is also above the major up trend line (in green) Price will continue up the green trend line Bullish above the current formations upper trend line
Green Trend Line is a strong uptrend and has been seen as a position of support in past I believe the drop could go further below as can be seen on the bottom Horizontal red line, these both are similar situations Its either this or the Green Trend Line hodls
Price is testing this strong green trend line This is also within an ascending channel that can be plotted on chart Price is looking to rise and complete an ascending broadening wedge pattern, as indicated by curved arrow
PKG is testing the middle line of a larger uptrend This place has been seen as a prior spot of support The prior bull move allows the assumption of a bullish state, and the assumption of continuation above the middle trend line . Moving downward from here out of the Broadening formation is less likely. Daily chart
Price briefly dropped below the uptrend line, just to sharply recover and allow further support to form along the upper trend line in white Rectangles in green are zones where price moves along the Trend Line
Price has moved above the dominant green uptrend which was previously seen as resistance, now support Price will move up within this up channel I have drawn, continuing the green trend line
Flagpole and Flag Very early price action on this Weekly chart, bullflag will likely push it to new highs
While the green trend line is the strongest, price has pushed itself above it and is currently within this megaphone structure I expect price to retest the bottom trend line of this structure and then move up further Bullish after a small pullback
An idea forecasting a distinct third roll over top Pushing price down to green circle This can then lead to upward channel formation
Post this large rising wedge formation price has recovered back to the major up trend line and has poised itself above this trend line Areas in green rectangles are very similar price / indicator situations Areas in white are drops below the Trend Line Bullish Potential
ETSY can show signs of a megaphone structure Once the strong bottom trend line is tested price may show a sharp reversal
ISRG has returned its price back to the dominant trend line that can be drawn This line in the past has been seen as a strong bull pivot point With consistent bull rejections Good buy along trend line on this daily timeframe
Analyzing a recurring pattern along the .618 circle lines The rectangle in white is comparable price point Dominant Green Trend Line is looking to be maintained
On this chart for UNP I have used the 'Three dives pattern" to demonstrate the price movement of price The three significant down points are at the Three hammers, which all act as tops (current top is underway) The 200MA has provided a nice support on this Weekly timeframe
BTCUSD Is undergoing sharp downsides, this on the left can be observed to repeat touches along the top / middle of the channel On the right is a fantastic observation of the 4W chart for BTC showing a horizontal that touches two places of the previous bull and bear run. We can then use this price level as an area of support. 14K lowest, 20K great entry, fire sale
I believe BTCUSD to be near the bottom, price should not go much lower than the prior ATH, that will be a strong level of support for price (yellow line) Vertical green and red lines are periods of bull and bear market behavior respectively Get some BTC while its cheap!! Was just wrong about the wedge structure on the analysis above
Making assumptions that price may recover due to this bounce above (orange dotted line) leading to a breakout within this expanding green structure The dashed white line goes directly through the middle of the green formation Price speculation idea
Break out of the Fibonacci Circle of the dominant upward trend The green dotted line can be seen to be hodling While price has climbed out of the previous 1.618 resistance and into a new fib arch