A major trend is depicted by an upward channel,although it's not a fully formed channel it looks like one. Prices are likely to follow higher time frame trend lines, so its likely prices will keep on dropping for the next few weeks.
Once the price reaches the bottom, a trend reversal will present itself indicated a buy opportunity at key level of support and...
Price action broke out of the long term trend from December indicating a potential bull rally. Price has been falling in the last few weeks but I'm predicting a trend reversal in 2-3 weeks once the price touches the trend line. The dotted line shows the average path the price will travel before it reaches the trend line.
Profit target and stop loss is placed at...
A strong downward trend is shown on the Daily chart. A skew Cup with handle looks like its forming (inside the yellow rectangle). Tweezer bottoms have formed on the daily after hitting a trend line which indicates a potential reversal. Profit target is a Fibonacci retracement of 50% which also happens to be a level of support and resistance, and the depth of the...
A horizontal channel has formed after a strong(-32 degree, -45 degrees) downward trend and price action is braking the trend line on the 16 hour chart.The 11 period EMA is starting to show signs of a potential upward trend on the 16 hour chart. There is a tweezer bottom on the weekly chart which also indicates a potential trend reversal.
My profit target is a 50%...
