The price chart for Tesla seems to be stuck in a range ever since price broke the 275.74 level, which had previously acted as resistance and now is support. The current resistance is at the 370.63 level and history shows that whenever price gets stuck in a loop (range), the support normally holds at least for three touches. Hence, now price has actually bounced...
The price chart for Tesla seems to be stuck in a range ever since price broke the 275.74 level, which had previously acted as resistance and now is support. The current resistance is at the 370.63 level and history shows that whenever price gets stuck in a loop (range), the support normally holds at least for three touches. Hence, now price has actually bounced...
Even though prices seem to make lower highs, they cannot seem to break the resistance level, and thus, i suspect this crypto is still in a long-term bear market.
The price on this chart seems to be making a series of lower highs and higher lows, signalling a symmetrical (isometric) triangle. Though this pattern is sometimes regarded as neutral, i believe prices might continue to go higher if and only if there is a breakout to the upside. There was a strong impulse to the upside and if the buyers remain persistent, we might...
This market is range-bound and might not be wise to trade. However, we can make much use of the support and resistance theory since price has already broken the 1920 previous resistance-turned support level and is probably heading towards the major 2160 psychological price level. Remember that there is a psychological aspect to round numbers especially when...
The price for this share is currently moving in a series of impulses and corrections, typical of a healthy market. This pattern has created a series of lower highs and lower lows (downtrend. In order to execute a short position, traders have two options, depending on whther they are quite risk-averse (conservative) or risk-seeking: (1) Enter on the resistance of...
Uptrends rarely come as crystal clear as this. I feel bad for not having bought this stock earlier even though i stay in South Africa where it is listed. However, for all those traders like me who missed the initial rally, i expect prices to go up further. A good place to enter a long position would be if price retraces to the 134290 price level. Traders can...
A potential long position can be taken on the Reinet Investments share (RNI) on the daily timeframe. Price is currently in an advancing stage (uptrend) and the buyers are willing to buy at higher prices as evidenced by the ascending triangle pattern, where we see some higher lows. Traders must be aware of potential retracements to the trendline, and therefore it...
I noticed a bear flag pattern on the GBP/NZD currency pair, coupled with a head and shoulders pattern. Both scenarios should be reason enough to look for potential shorting opportunities on this currency pair
On it's IPO day, Lyft started trading at around $87.24 and reached a high of around $88.59, only to close trading at $78.29.
Price is in an uptrend on the daily and lower timeframes, and has just broken the 29 153.0 ceiling, which represents the previous high. It currently is 23 points (pips) below the 289 432.2 level, which has been tested twice previously ass support, though it was later broken through. As a trend trader, I would wait for a retest of price towards previous high (29...
This market is clearly bearish as shown by the lower highs and lower lows, with ranging tendencies as the price consolidates between the 94.71 resistance level and the 80.25 support level. Traders should look for potential sell entries close the 94.71 zone. The price could potentially form a triple top formation on the 4 hour timeframe. Keep your charts clean and...
The Nederlands 25 Index is in a classic uptrend on the daily and lower timeframes. Price could retrace lower on the 553.671 upper resistance and then further bounce on the 544.339 support level. This asset could be trade on confluence with the upward trendline or at the 544.339 support level.
I am expecting price to rebound from the bearish streak at the 20742.2 price level, which also represents a fibonacci zone. However, it should be noted that the price is creating somewhat a triangle pattern and it is thus wise to watch out for further downside movement below the 20742.2 price level as prices might be heading to retest the upward trendline from the...
Charts rarely come as crystal clear as this one. The price for Platinum has been range-bound on the weekly and daily timeframe, however downtrend from the monthly is still there. Going to the immediate now, the daily timeframe and four hour timeframe both show that price rejected the resistance level at 871.73, and is now southbound towards the 779.91 support...
Gold is on a bullish trend on the daily timeframe, and we expect to see a correction, possibly followed by a move to the upside.The trendline has already been tested more than three times which makes it valid. As always, let price chart and compass thee.
Price can possibly retest to the 1.3238 level before making its way up, as the pair is moving in an upward trending channel. Possible targets are around the 1.3787 area, which represents the resistance of the channel, and a risk-reward ratio of 1:3. Price already broke out of a descending trendline after a correctional wave (counter-trend), therefore we can...
Price looks like it might break the ascending trendline with a push to the downside. All orders ready upon clear indication of selling pressure. We wait