breakoutfakeout

breakoutfakeout Updated 

Here we have a nice symmetrical triangle inside a clear rising channel from the low a few weeks ago. We can therefore expect an upside breakout towards the consolidation zone as all moving averages are pointing upwards and bullish on 1 hr, 4hr and daily charts (except the 100 day which is still lagging below the 200 DMA and a note of caution). We now also have a...

breakoutfakeout Updated 

Oil looks good for a temporary respite on the march to close the gap at 41. We now have a nice strong divergence on the hour chart at the top of the rising wedge channel, we can probably expect a pull back to test either of the green support lines and possibly a test break of the rising wedge. Stop just above the hourly divergence, profits to be taken at each...

breakoutfakeout

After the break of the divergence short, looks like nothing will stop this train till we close the gap at 41.

breakoutfakeout Updated 

Nice divergence on the 1hr chart on the MACDH and RSI. This could be oil topping out here temporarily after a great run up and bull flag/penant continuation pattern. Opportunity here to take a short on divergence with a nice 1hr dojo reversal candle to. If the stop gets hit (top of candle) I would expect this breakout to continue powerfully to the upside so I...

breakoutfakeout Updated 

Oil looks good for a buy after the hour candle spike in volume to confirm the bull pennant. Candle closed pretty much above the support box just 5 min moving averages are lagging a bit. RSI is looking strong and stochastic is still nicely oversold on the hourly so plenty of room to breathe upwards. First take profits at the break of the bull pennant. Could hold...

breakoutfakeout Updated 

Bitcoin has now put in an RSI and MACDH divergence on the 1HR timeframe with a high volume sell candle. If we zoom out further we can see that we are in a rising wedge channel which is a reversal indicator and we have now just put in a lower high on the 4 hr charts. Both bearish signs. We may also be seeing a double top here. Furthermore this looks like a breakout...

breakoutfakeout

So here we are again with Bitcoin having made a tremendous run up from just under 4k to 10k in just a few weeks and now making another attempt at the previous high on the daily charts at around 10,520. Is it possible that we are in a giant bull flag? If we can break this 10,520 and consolidate above it the measured move will take us up to 27,000. Will this happen...

breakoutfakeout Updated 

Oil looks good for a short. With a second attempt at a possible break down to the neckline again of the cup and handle. Nice divergence on the 1hr MACDH should bring in strong selling pressure.

breakoutfakeout Updated 

Long again with a nice divergence on the hourly Macdh. Daily RSI is also now showing a divergence. A break of the low would look like a cup and handle breakout and we could plunge. So its a win win, long now for a bit of profit, short the low for even more

breakoutfakeout Updated 

Nice cup and handle fakeout of the neckline break on volume. Good opportunity to go long.

breakoutfakeout Updated 

I'm Short again now at 7960, right in the honey hole between the 200 and 100 daily MA. Nice 15 min reversal candle to and a 5 min MACDH divergence for sell confirmation. Expecting a retest break of the rising wedge reversal pattern for first take profits zone.

breakoutfakeout Updated 

Taking a short again on US oil. 30 min divergences of MACDH, stoch and RSi. We could see a retest of the neckline of the cup and handle and a break below

breakoutfakeout Updated 

I have drawn the 1hr chart here to show the spike in volume with the low at 1780. We can see a break below the tredline and a lot of volume come back in. Actually the 30 min chart also shows a nice MACDH divergence at this point as well. All in all this actually constitutes a higher swing low on the oil charts after a lot of divergence at the major low of 1735 on...

breakoutfakeout Updated 

Here we are with another go at a dow short after the failed attempt last night (but with some nice follow through longs today). Now we can see a 1hr MACDH and RSI divergence in overbought territory. We can also see an inverted hammer candle showing potential reversal. There should be some downside potential here. These types of divergences are my A* trades and...

breakoutfakeout Updated 

Here we have a lower high on the 1hr chart on the dow after a breakout of the rising wedge on the daily. Nice engulfing pattern too on the 1 hr candle. Its currently trading above the 200HMA but with all other moving averages are crossed under so its good value for a short here. We could expect some selling pressure here in overbought territory and a test in the...

breakoutfakeout Updated 

Oil looks good for a long risk on trade with stop just below 25.5 and first proper resistance at 27.9 which is just below the rising 200MA. Oversold on 4hr and 1hr chart with rising momentum and a divergence at the low on 5 min charts with a powerful reversal candle. Could go much higher but seems like a good take profit zone in the first instance. I've actually...

breakoutfakeout Updated 

BTC has put in a bear flag on the coinbase charts after the break of the long term rising wedge a few days ago. We are now retracing of the 100MA on the 1hr chart with this bear flag at resistance, with a possible double top after a 5 min MACDH divergence in overbought territory. So lots of confluence that could make us reverse here. First profit target is the...

breakoutfakeout Updated 

Divergence on the dow hourly MACDH. Possible head and shoulders, watch out for a fakeout breakout