Directional Movement Indicator and D+ cross circled in purple and into bullish territory above pivot! thepatternsite.com
Looks as if this pattern is on again :- thepatternsite.com Simple ABC Correction played out for now:- thepatternsite.com
Very early call, so any price above Point A will probably signify a more bullish sentiment! Target : $4059 thepatternsite.com
You can clearly see the larger rising wedge and subsequent break of which the target has not been met ~ £3139. It also follows on from the ABCDE Elliott Wave to now form I an ABC corrective wave, so any movement above the Blue Pivot line will invalidate this! See example for more clarity:- thepatternsite.com
Point D is the Target 3 : $833 and is the Bullish Measured Move according to Bulkowski :- thepatternsite.com
Not saying this inevitable but it has a certain familiarity with the past wave in June/July?
Target 1 : 4065 (Small rising wedge) Target 2 : 3568 (larger rising wedge) Target 3 : 3033 (Fibonacci 61.8% retracement)
I believe these two patterns are in play so expect some downside in near future and so staying neutral until clear bottoming! Immediate rising wedge target : $4217 thepatternsite.com thepatternsite.com
Are the next few days going to brutal ~ I have sold out in case at C&H target?.
Fully formed and awaiting to meet target as per chart, I think this is the only thing holding it back? Target : $4905/06 calculated using Bulkowski's formula ~ thepatternsite.com Also R2 happens to be resistance level at this price. thepatternsite.com
Trend analysis for the near future. Targets as per chart.
My own exchange needs some love so think we are moving up to meet Broadening Top line? To this formed nice C&H with a retest just today! Target C&H : £3782 thepatternsite.com
She has now pulled back 15% but another 5% is possible? The dip is hurting the overall performance but still hopeful of an imminent rise at the ETA? thepatternsite.com thepatternsite.com
Triple top off the table so gone back in long! Target 1 : $4711 Target 2 : $5068
Already published Broadening Top formation but this could easily be a Triple Top? If so when the last peak (point B is thepatternsite.com) is below the middle one A then expect a bigger decline to point C. Targets : $3600 & $3410
Bitcoin has been calling for a correction for some while now so maybe this scenario is possible and a third touch on the lower diagonal of this potential Broadening Top Formation? thepatternsite.com
This ABCDE triangle previously published pattern ,now has all the hallmarks of a falling wedge See examples thepatternsite.com Targets up and down breakout as per chart.