Synchrouk

Synchrouk

A brief chart showing areas for long trades in gold. Entering a buy area presently.

Synchrouk

Two buying opportunities: - 1) Failed Inverted Head & Shoulders. Results in Double Bottom coming into play. 2) Confirmation of completion of Inverted Head & Shoulder pattern with buying upon breakout.

Synchrouk

Still watching...

Synchrouk

I was waiting to see if this was actually going to form and I am no more confident it will. Lets watch.....

Synchrouk Updated 

The BTC/USD falling wedge reversal pattern is entering into a narrow bound range and will break out to the upside shortly. Exact timing is unknow, but keep an eye on volume near the top of the wedge boundary...

Synchrouk

As can be seen from the chart, there are two main support and two main resistance trend lines. The apex for these will be upon us with the next few weeks. Will it breakout before then, or will it continue to narrow towards the apex before showing us the way forward?

Synchrouk

Within the next few weeks we will be reaching the pivot point of the long term, multi-month resistance and support trend lines. 2 of each shown on chart. Which was will it go?

Synchrouk

We are approaching the apex of long term resistance, versus recent support. Who will win?

Synchrouk

The price touched the resistance point, based on a trend line from the previous peaks. Will it break it? If so, we could be getting ATH's within the next few months.

Synchrouk

We exited the downwards channel on the 14th Feb, with a strong breakout. We are now in a new upwards channel, within the flag section of a bull flag.