Price previously broke out the resistance structure and could be retesting to continue higher. The pattern you see is a falling wedge, we can see that price tested the trendline twice strengthening the pattern. The pattern is a bullish pattern meaning i expect price to push to the upside , however price could still go against me and drop further. for an early...
As we can see price has broken out the channel after a short period of correction and is currently retesting or testing the breakout level. price drop to level 1.55246 if we see strong reject at the breakout level.
Price has broken out the descending channel it has created in an impulsive manner, this could mean that price has taken a new direction. Before looking for bullish entries we need to wait for a retest which could go as low as the breakout level of the channel, this will give us an entry levels and stoploss levels.
Price has broken out the descending channel it had previously created and retested, the retest shows us strong rejection along the broken resistance trendline. We can also see that price is moving within a bullish trend, all this can be seen as confluence.
Price is currently moving within a bear flag formation in a corrective manner. If you go deeper to a lower timeframe we can see that price has formed a possible bull flag pattern. The chances of price pushing higher are strong because price is known for continuing in the direction before the consolidation, in this case its bullish.
Price has recently tested a strong support trend line and key level, from what i have learned a bullish reaction would/could be the outcome. To confirm this theory we have to wait for price to either show us strong rejection or create a pattern that would give us the indication of a potential bullish direction. The target would be the resistance trend line or any...
As we can see price has broken out the ascending in an impulsive manner meaning theres a good chance that price could drop. We can expect price to consolidate a little before dropping, this is a short term direction, the overall direction is bullish however the scalpers can secure a few dollars.
Price moved as expected, it broke out the channel impulsively before retesting to find resistance at a resistance zone and showing strong rejection. Price then continued to move lower, still waiting for price to hit our expected target. i shared this last week.
Price has completed the breakout move from the descending channel and could possibly shoot higher. price has also been moving correctively towards the support zone and formed a double bottom patter. overall price is looking bullish.
As we can see price has recently broken out the ascending wedge like pattern in an impulsive fashion meaning price is done correcting and is ready for impulsive moves. In the daily chart we can see that price is in a uptrend but has recently found resistance thus allowing us to find this setup. Price is still retesting but could begin its downtrend very soon.