PineConnector

PineConnector

COINBASE:LTCUSD A bullish breakout of a falling wedge constitutes an excellent long opportunity, with a falling wedge being a continuation pattern . STOP LOSS : 93.91 TAKE PROFIT : 414.69 Risk-reward : 3.2 Longer term trend: Bullish Current trend: Bearish General comments: The falling wedge formed starting mid-december. The lower channel became...

PineConnector

General overview: 1) general direction since 2010 has been bullish 2) a 61.8% retracement occurred in late-2015, and we are at a similar level 3) lower highs seen after the massive retracement, though lower lows not being tested till recently What I like: 1) the pin bar pokes through a strong support level, bullish trendline, and the 61.8% retracement and closes...

PineConnector

FX:AUDJPY Another rising wedge spotted in another AUD pair. Price behaviors noted: 1) respected the upper limit of the rising wedge with minimally 3 decent touches 2) respect for the lower limit apparent as well, taking into account prices since mid-2016 till date (beg-2018) 3) since mid-2017, a horizontal resistance took over the rising upper limit of the...

PineConnector

FX_IDC:AUDCHF Rising wedge from late 2015 till date (start 2018). Price behaviors noted: 1) constantly made higher highs, and higher lows 2) price has respected the support with minimally 3 decent touches 3) similar findings for the resistance, which was initially an increasing resistance, turned into a flat resistance - respecting a longer term S/R Reasons...