Would have been rude not to post this chart. Too many things pointing towards a possible HUGE drop. There is Huge Divergence on the Daily - Divergence is KING. You have a nice Head & Shoulders pattern forming, easier to see it on the 4 hour chart. To confirm the H&S pattern, price would need to break a trend line that's held since April this year, so we might see...
After a nice impulsive move down, it is now correcting itself before another possible impulsive move down. To get involved with this trade I am looking for a correction to the 61.8 Fib level. This level would also now be a new resistance area from a previous support where price consolidated at, before the big impulsive move. If Silver does what I'm hopeful of,...
Good opportunity to get involved in a short term sell & possibly a long term trade. This one posted is short term but I will be keeping an eye on it when we reach the target area & if we can break the lower orange line then I will be holding for a longer term short. Good luck :)
I'm seeing a opportunity for a continuation of a pattern, in this case a bearish flag. Bit of an aggressive entry as im counting in the flag being validated. risk to reward is almost 3:1 Good luck :)
Huge divergence on the 4 hr chart, price is heading into the peek of a triangle, so am anticipating a nice drop to the downside. Wait for price to break the line before placing a trade. Look out for a fake breakout & then a retest before the big drop happens. Always have a plan B as price could easily head North & break the triangle for another big move. Good luck :)
Huge divergence & price is currently at the top of a 4 hr support line. Im waiting for signs of rejection then a momentum candle down for my entry. Blue lines are my target areas, stops to break even after target 1. Good luck :)
A strong divergence on the 1 hour chart. I'm watching to see if price will keep climbing to the top of the channel before giving me a momentum candle down. Good luck :)
Price within a falling wedge, bit of an aggressive trade , but price is currently bearish on the higher time frame in my opinion so a nice in & out trade on the lower time frame. Good luck
Price broke a previous trend line, came back up to retest it & now hopefully a nice bounce off of it... Previous support hopefully now holds as new resistance. Two targets. First a 1:1 risk reward. If we hit that, stops to break even & head for target 2 with no risks. Good luck :)
Ascending wedge & price has just shown signs of rejection twice... We also have a hidden divergence. Two targets, once target 1 has been hit, bring SL to break even & ride the wave to target 2. Good luck :)
Huge Divergence on the 4 hour chart & price has just spiked up to a strong res area & RSI is at 80%. Two targets, my rule is, once I hit target 1, I bring my stop loss to break even & let the trade run & hopefully hit target 2, if not, then profit is locked away already from target 1. Good luck :)
A perfect bearish channel has formed since breaking out of the Bearish flag pattern. I would like to see price drop a further 50-60 pips & bounce of the lower side of the channel for a nice long. Keeping an eye on the RSI to be overbought or sold at the correct times to support the channel. Good luck :)
I POSTED THIS SAME CHART EARLIER AS A LONG... DISREGARD & TAKE THIS CHART AS MY CORRECT ANALYSIS. Price has recently broke out of a channel & I'm now looking for price to retest the previous channel. But first, we have a possible bullish flag/pennant forming which would make price continue upwards. The RSI is reading around 70% so puts a tick in the box for price...
If price continues up the small channel to the area marked up as a SELL, I will be keeping an eye out for the RSI to be over 80% & will then be looking for signs of rejection from that level. Finally I will be looking for an engulfing candle as my trigger to go short, I may do this on the 1 hour chart or the 4 hour... Good luck :)
Price has recently broke out of a channel & I'm now looking for price to retest the previous channel. Have identified a possible bearish flag/pennant forming which would confirm the direction of the retest. The RSI is also reading around 70% which again, puts another tick in the box for price to drop down. Will have to wait & see if there's a gap when the market...
A possible Double Top forming & RSI overbought. Aggressive traders could enter now but personally, I'm going to wait for price to drop down & break the neckline to make it a valid/confirmed Double Top. I will then look for a retest of the neckline & a sign of rejection before placing a sell. Use previous structure for targets. Good luck :)
Pretty straight forward. A nice double top at a previous structure level, followed by an engulfing candle. Good luck :)
Huge rejection on the 618 KING Level on the 4 hr chart. Dropping down to the 1 hr chart we have kind of a double bottom & current candle Engulfing. Good luck.