We are experiencing a pullback at the moment ...how deep remains to be seen. Target : $18740 if we break neckline again?
This could play out now or later on, so remains to be seen whether or not we extend or not? www.google.co.uk
Everybody aware of the larger Inverse Head and Shoulders but the immediate short term target from the "Bull Flag" is $13490 ~$13518? Volume needs closely watching!
Still lots of work to do but the 2018 bear trendline has been pierced for the 5th time! thepatternsite.com Note volume does seem to be on the decrease.
I see this $9200 LS/RS level as a crucial level to hold otherwise the bears take over again! thepatternsite.com
Another stab at these waves which does not make good reading! It also has a "Descending Broadening Wedge" feel to it so now lets see if the bulls will decide otherwise?
I did not spot this straight away but a fellow trader and so looks very convincing can it hold? thepatternsite.com
This for all yall head and shoulders fans!
Inverse Head & Shoulders and more recently Diamond Top targets reached and breached so expect more upside to take us up to the the 2018 Bear Trendline(Light Blue thick line intersecting Inverse Head & Shoulders Target 2) around the the $12000+ level?
This pattern a useful way employed by bitcoin to consolidate before either moving up or pulling back...I favour the former! Note : Inverse Head and Shoulders fell $30 short of my target is this a clue as to direction? Estimated target for this pattern upside : $11608 or downside $10121
After a nice tight bull flag I have three targets to aim for:- Target 1 : $11280 Target 2 : $11640 Target 3 : $12115
Classic example of this pattern with declining volume up to Right Shoulder then surge to make clear break of the neckline. Two targets one by Bulkowski formula of $11248 & measure stick $12115
The inverse head and shoulders looks spent so now concentrating on original Adam & Eve!
Is this a reversal? If it walks like a duck and you know the rest! Targets : $9170,$9569 & $9815
We may still have further to drop if this pattern is correct? Adam & Eve target : $4358
No doubt now we are in a bear market and so reversal spotting order of the day! Fibonacci levels now to play key support/resistance!
As upper trend line not yet broken target is only an estimate!
It is my belief the ABC correction is in and that now we move higher short term target : $10630.