pod98

pod98

Counting 5 waves with the 5th possibly ending in the ranges of 1614 to 1630. Both the weekly and daily charts show signs of bearish divergence on the RSI signalling that bulls are weakening. Weekly histogram is downticking. What are your thoughts?

pod98

Noticing an ABCDE type correction into a descending triangle. Based on EW rules, there must be an E wave coming down where price will either reverse or continue downtrending. If price breaks to the upside, I will look to long until the 0.382 fib retracement. What are your thoughts?

pod98 Updated 

I see 5 waves completed, with subwave 5 of wave 5 forming an ending 5th wave digaonal. RSI has been bearishly diverging for quite some time and now has formed 3 peaks, each one showing bearish divergence. MACD is showing a possible crossover. Histogram is downticking. Buy volume is declining.

pod98

WHEATUSD is shwoing bullish divergence on the weekly and is clsoe to breaking out of consolidation with strong bullish candles. Looking to long.

pod98

This pair looks to have formed the top of the right shoulder. Low risk trade with potential for a huge gain although be careful. Not financial advice just my thoughts.

pod98

Double top looking to break. Weekly is showing strong bearish pressure. Target zone is based on double top rules and weekly support which coincidently match.

pod98

Confirmed bullish break but pullback (Throwback - whatever you want to call it) needs to bounce for confirmation. RSI could bounce.

pod98

Assuming parallelity based off consistent lower highs. Price is likely to fall back to triangle support as there are rejection signs on 4hr.

pod98

Pair has broken triangle support and formed a Lower Low. Price may pull back first as RSI is in a a falling wedge that has bounced but eyes open for a short.

pod98

Sideways trend with weakening RSI and MACD.

pod98

Price broke to the upside but has been rejected at the 500MA (White Line) multiple times since the down trend started. Break to the upside of the triangle was rejected. Break to the downside may be more favourable. Looking to open a short targeting the green box where support lies.

pod98

Not super noticeable but there is hidden bearish divergence on platinum. Price has reached overbought zones and if history can repeat itself, price will fall back to the bottom of this sideways trend. Strong sell volume aswell.

pod98

Inverse H&S breakout followed by a channel breakout. Possible swing.

pod98

Dynamic Support of November to February has been broken indicating possible trend change. Pullback to dynamic support turned dynamic resistance followed by rejection indicates bears in charge. Strong move down for the flagpole with weak pullback signalling the pattern is more likely to play out.

pod98

Possible Bear Flag forming. Fakeout candle couldn't break above resistance. Three black crows? with momentum for trend change. Dynamic support broken.

pod98

Possible rising wedge.

pod98

Awaiting Breakout RSI resitance broken

pod98

Bearish Divergence on RSI and Decreasing buy volume on MACD.