Price has made a Head and Shoulder pattern at the SnR level. It has also created Lower Low at the HNS neckline. Now price has just broken the trendline. In addition, there is also a flag pattern . All these factors give a bearish momentum.
There is a Head and Shoulder pattern developing. The neckline of the HnS has a higher high. In addition, this chart pattern is happening on the weekly support level. There is also a trend line breakout. Finally, price has made a retracement. All these factors give bullish biases. Expect price to go long.
Price has broken the trend line. There are two support levels and price has broken both of these levels. There are also two supply zones at both drop-base-drop zones. Price is currently at the supply zones. Expect price to move Short.
Price has broken previous support level. At a lover time frame (H1), there is a drop-base-drop supply zone at the break point. Therefore, a possible Support-Becomes-Resistance pattern might be developing. Wait for price to move into the supply zone before making an entry Short.
Price has broken the trend line with a momentum bearish CS. Both EMAs have crossed each other. A momentum bearish CS has closed below the EMA50. There are also rejections at the EMA50 and the pivot point. These factors give bearish biases.
A momentum bull CS broke the EMA50. Both EMAs has crossed each other. There are pivot rejection as well as trend line rejection. There is also an EMA50 rejection. Finally, there is a long wick rejection. All these factors give a bullish biases. Expect price to go Long.
Price broke previous support level. Thus, created a Support-Becomes-Resistance (SBR) zone. Price then retest this SBR zone and rejected this zone with a long wick CS. This point acted as a resistance level (Resistance 1) and became an entry zone for a short trade. Price might retest again at this SBR zone (Resistance 2). Once it reaches this zone, price might...
When there is a moving average cross over, price will change direction. In this example, a long momentum bearish CS crossed the EMA50 (black line) indicating a bearish bias. Right after that, the EMAs (20/50) crossed each other indicating a reversal of price movement. However, do not make any entry at the cross over point. Wait for a retracement to take place...
There is a head and shoulder pattern at the support level. Price has made a higher high at the neckline. In addition, a double bottom pattern has developed at a highet time frame (H4). Price also has broken the supply zone. Both EMAs have crossed each other. Wait for the retracement at the Fibo 0.5-0.618 level before making an entry LONG.
Price is at the resistence-becomes-support level. There is already a trend line breakout. A bullish candlestick has crossed the EMA50 line. EMAs have just crossed each other. Finally, there is a rejection at the Pivot point. All these factors give bullish biases.
There is a support-becomes-resistance pattern developing. There is also an EMA crossed point. In addition, there is a trend line breakout. There is a drop-base-drop zone at the SnR levels. These factors are giving bearish biases. Wait until the price enters the supply zone before making an entry SHORT.
Price is at previous support level. There is a supply area at this support level. Once price is in this supply zone, price might move down. In addition, stochastic indicator is already at an overbought level. Higher time frames (H4, W) are also showing bearish biases.