Let's go sideways for the weekend and then down to make our bottom, from where we can go up nicely again :)
Found this fractal, what do you think? If the MACD is in the wedge that I've drawn, can the price go down as much as a have drawn with the orange lines? just an idea, need your help to place it in perspective
Wedge is getting tight, breakout tonight or tomorrow! Up or down? My money is out, waiting patiently to buy the dip or a confirmed breakout
A BIG wedge is forming on the 4 hour chart between the downtrend line, the uptrend line, 200 MA, 50 MA and support line. I looked charts from many talented analysts here and came to this. Which way it will go, I wouldn't know. But it has to go eather up or down, and my guess is with a good punch. What do you guys think?
IOTA formed an inversed H&S on the 4h and broke through the neckline. It only faces resistance from the 200 MA.
IOTA formed an inversed H&S on the 4h and broke through the neckline. It only faces resistance from the 200 MA.
On the 4 hour chart there is a wedge forming between the inverse Head & Shoulder (GREEN) and the 50 MA (BLUE). Price has been going sideways and has to go up or down somewhere today or tomorrow! What will it be?
Drawn two Head & Shoulders patterns, a normal and a reversed pattern. Which would it be? Any tips on the fib retracements I drew?