Earlier I posted an idea with a bullish flat, but have not got a confirmation. It has transformed into a nice head and shoulders pattern. RSI triple divergence formed earlier (or, you may treat it as a trend line resistance, I missed it totally)) Now price, having broken the neckline, is forming a flag, confirming the local reversal. Interesting Trade safe
Highest ever volume. I am buying some hundreds shares. Will see. Premarket volume today is crazy Weekly RSI divergence Mind your risks
Triangle may be the sign of the completed wave 4 in the unfolding impulse. Although, they are tricky, as triangles often are waves B in a larger corrective structure. Not worth trading to the upside at this point, only if you can locate a short-risk entry. Trade safe
Continuation - rsi 50 support, consolidation, price above ma50, ma50 above ma200 Looks easy Trade safe
Running flat as the connecting wave in a larger 3-waves moves. IMO. Trade safe
Hello, traders! Finally the pair goes into a correction. Found an attractive zone for the corrective setback. Confluences with 62% retracement level AND a liquidity zone marked with green. Should work as a strong support. Trade safe
A rather simple setup, with the wave B as a flat. May get down more, but at this point of time the leg down os a conservative assumption. Trade safe
I assume the 4th wave is unfolding, whether as a flat or a triangle (does not make a difference now). So, likely is the new high and a reversal. Trade safe
A nice inverted head and shoulders pattern. Breaking it down to an EW pattern, we may argue that we have an impulsive advance to the upside, followed by a nice flat correction. Implies upside , at least in a similar wave. Trade safe. Wait for a confirmation of the idea.
Closer to the nice number $25k :) Above some significant interim resistances, moving averages 50 & 200. Wait for a myriad of comments in TV “golden cross!!!!, sky is the limit!” :)) Monthly candle is assumed to close strong tomorrow, that is a good sign. Meanwhile, the risk of bulls’ capitulation is in the air, if the local wave up is the wave C of a running...
Sell idea is valid, but delays until the next week) Have a nice week-end!
Three taps on the trend line, failed higher high & trend line broken. Likely a nice downside, can be managed through some scaling in. Trade safe
Should fall. Larger correction, and a confirmation. Trade safe
As a rule, it is not an easy task to catch the breakout, that delivers an immediate move in the desired direction. To develop the discipline, and increase your odds, better wait for a flag and trade the next snaller break out. From the waves perspective, this is usually a stronger move, as it is likely the local wave 3/3 or 3/C
Looks like an easy trade. Long then short) Trade safe
Despite some pressure by ma50, BB and RSI, this pattern may play out. Trade safe.
What if.. Inverted head and shoulders.. Within green lines - a flat (3-3-5)… Crash?
Impulse - perfect zigzag: - clear corrective channel - price rejected from the channel border + fibo retracement 62% Base channel forming, price stumbles on its median. Watch for the key level breakout. Trade safe