I found a rare divergence between two triangles in the price (descending) and RSI (ascending) in my favorite 4h ATOM/EUR pair... If the price breaks above the upper triangle line, which i believe it will because of the divergence on the triangles, a move to at least 11.88 should be expected. I'm getting in now, I will add more if the price drops to the lower...
All previews targets reached (look ata my previews posts. I sold half the possition I had and now waiting for the next target to be given. This is still long...
We clearly see the expected uptrend and price negotiation in a channel but we also see a new triangle pattern... I'm all excited to see where this triangle breaksn to... 12,55 is the C&H target ATM as all other targets are reached... When the triangle breaks we will get a new target...
C&H formation is developped... Targets a) H&D 9,55 b) C&H 12.50 c) Flag Formation in 1h 8.66 Blue Line should be considered as support and may be used as stop... Have Fun!!!
Trading Basics... Confirmed Reversed H&S... Have fun...
Last Sept-Oct I said we are heading to $43... Now I say we are done with SHORT and we should WAIT neutral until we confirm the purple channel that will eventualy lead us to the $108 area. I'm gonna try my first longs when we reach the lower trendline of the purple channel. Have Fun!
We are not yet out of the main triangle... Maybe we should wait...
The montly chart clearly shows two targets. Unsafe to trade (its a monthly chart) but a good target reminder just to know where we are going...