PrimeXBT

PrimeXBT

The bulls has the upper hand in the market SPX500. Looking back at the previous chart last two months, SPX500 has been consolidating inside a big bulls continuation chart pattern called THE ASCENDING TRIANGLE CHART PATTERN with a target of around $3400. After the breakout from the horizontal resistance, looking at the lower time frame (4hours) the price chart of...

PrimeXBT

The double chart pattern has always been a bearish reversal chart pattern depending on where is been spotted and how it breaks down from the horizontal support. On the 4hours time frame chart of LTCUSD, price has consistently maintained it horizontal boundaries. Traders should be more careful of the fake breakdown, only focus on the valid breakdown from the...

PrimeXBT

The rising wedge chart pattern and the bearish divergence. On the daily time frame chart of USDJPY, the price trend is moving in a different direction from the Oscilator(RSI). The rising wedge chart pattern is a bearish reversal chart pattern found at the top of a trend, this is indicating price reversal to the down side. The breakout can be in any direction but...

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The long awaited bearish reversal chart pattern has been spotted on the daily time frame chart of GOLD. The descending triangle chart pattern is considered to be a bearish reversal chart pattern as shown above. The 50day moving average starting to form a clear resistance bounce on price, would likely hold price from moving higher. The current look at the chart...

PrimeXBT

After the dump in the market, ETHUSD price is clearly showing a bullish reversal chart pattern called THE ASCENDING TRIANGLE CHART PATTERN. The ascending triangle chart is considered to be a continuation chart pattern. We look for a bullish continuation to the upside as price is above the 200day moving average serving a a support level. When price continue hug...

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After last week's move to the upside reaching the resistance, price is currently consolidating at the resistance and at the same time forming a bearish div called the THE REGULAR BEARISH DIVERGENCE. The regular bearish div is a type of divergence found when price is making a higher high (HH), but the oscillator is lower high (LH), then you have regular bearish...

PrimeXBT

Today being the 6th of Nov 2019 is the 11th day BTCUSD price has been consolidating inside the symmetrical triangle flag. On the 3hours time frame, the price of BTCUSD has been spotted forming a bullish pennant flag pattern. A bullish pennant flag pattern is considered to be a bullish continuation pattern, it indicates a pause in price after a move to the upside....

PrimeXBT

Clearly shown above is the V and U shaped double top indicating a a bearish reversal to the downside. On the 3hours time frame the price chart od EURUSD has been spotted forming a bearish reversal chart pattern called the double top(ADAM&EVE TOP). The two peaks are very important when trying to calculate the take price level to the downside. This pattern is only...

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The rounded shaped two tops shows that price is looking to drop down to test the nearest support. On the 2hours time frame, the price chart of AUDUSD has been spotted forming a double top(EVE&EVE). These tops are round in shape which clearly shows what it represent in name. The rounded EVE and EVE top is a bearish reversal chart pattern most times spotted during...

PrimeXBT

Moving back up, the reversal calls. On the 4hours time frame, the price chart of GBPUSD has been spotted forming a double top reversal chart pattern. The first the to consider is price dropping to complete the formation of the double top. A drop to the valley of the two tops at $1.28069 will make the double top complete. The support will be tested for the third...

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The bulls are taking over the market. After last week bullish move, price is still move to go higher to test the horizontal resistance at $2.692. The formation at the bottom shows a double bottom with a peak at $2.692. The chart shows that price will likely test this level and a break above it will initiate more move the upside. Levels traders need to keep an eye...

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Speculations of the trade deal between the United States (US) and China have been the sole fuel for the market’s risk sentiment off-late. The trade deal between these two countries are of important as this play an important role in the price action. On the 4hours time frame chart, the price of USDCHF, as been spotted forming a reversal chart pattern called the...

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How to trade the gartley pattern was fully explained on the previous analysis we shared. The gartley chart pattern is difficult to spot. But we made it clear that price needs to reverse at D leg so as to take a long position. If and when price gets to X leg the pattern is considered to be invalid. After hitting the first target at 1.31586 Further targets to the...

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Based on the previous analysis we posted on the 20th of this month about the double bottom on the daily time frame chart(),price pulled back down after reaching the resistance. On the 4hours time frame the price chart of AUDUSD the price is at it again, testing the resistance the 3rd time. The price chart with such formation is called the CUP&HANDLE CHART...

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Levels are well noted if they are spotted early enough. On the 3 hours time frame, the price chart of LTCUSD has been spotted forming a bullish reversal chart pattern which needs the resistance needs to be broken. The shape of the flag looks like a short symmetrical triangle. The bullish pennant flag patterns are only valid when the body of the candle stick closes...

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Levels are perfect when they are spotted early. On the 3hours time frame, the price chart of EURGBP has bee spotted forming a descending triangle chart pattern. The numbers of touches are another factor to be considered while trading the descending. There must be a minimum of 2 to 3touches at the peak and at the valley. The descending triangle chart pattern also...

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After last price move, which took long to complete the right shoulder the price move of NATGASUSD has broken out of the neckline and has close above the it at the same time reached the first target. previous analysis here ( ) Still on the 4hours time frame, the price chart of NATGASUSD is consolidating below the first target at $2.406 and a likely retest of the...

PrimeXBT

The resistance seems to be very strong here, not letting price go through it. On the 2hours time frame the price chart of AUDCHF is currently right at the resistance, testing it for the for the 4th time. When price of any currency continue to hug an horizontal level for too long, this indicates that price will likely breakout from that level. The ascending...