Predicted a bump at the third red arrow, haven't seen that yet but it may come soon. Medium-term, there should be a double-bottom around the blue arrow and then a continued upward trend to the channel top as long as the price doesn't break through the bottom of the channel.
Waiting for sideways consolidation and a small double bottom for confirmation.
Entry @ Approx 82.95 within a day or two after a second small bottom peak. Stop @ Approx 81.25 Exit @ Approx. 86
Risk maximum of 2% Reward approx 3.7%. Can increase investment once channel starts to trail upwards.
Heiken-Ashi 4 hr has been relatively good at predicting channel swings. XOP will likely start a downtrend for the next few weeks. Keep an eye on it, if it starts trailing sideways the downtrend is likely.
BTC/USD 1 hour chart is exhibiting a rising triangle pattern with resistance around 6000. Watch for a drop below the low side slope in the near future which would constitute a buying opportunity. If a continuation pattern occurs it will be a break above 6200 with increased volume.
Based on the current trend which is a rising triangle (which usually signals an upcoming bearish move), BABA may experience a slight pullback or consolidation tomorrow, but should not exit the triangle. The stock should then arrive at 185 per share by 10/30.
The rising triangle is unlikely to signal a significant bearish move in the case of this particular...
Consolidation triangle forming, confirm a breakout or reversal with increased volume and by watching price trend for up to a few days, depending on how quickly the reversal or breakout takes place. EWZ is at a point of upper resistance, see previous highs several months ago.
One significant dip in USOIL around 6am predicted a lower open and subsequent dip and daily run on USOIL and XOP today. Oil futures were down significantly, and XOP was trading at the top of its most recent channel.
Fast Moving Average is rounding off and approaching convergence, RSI is rounding off. BTCUSD will likely pull back for the near short term. From previous buy point that is 4.5% gain and a great profit point as far as I am concerned.