TECHNICAL: Reason 1: - Price is currently confined within a descending channel, approaching upper trendline Reason 2: -61.8 fib level coincides with upper trendline, confluence area? Reason 3: -30 Minute time frame, price has broken out of a descending triangle pattern to the upside indicating further bullish movement. (this pattern can be seen in my previous...
TECHNICAL: Reason 1: -Possible descending wedge pattern forming indicating possible bullish reversal? Comments welcome on wether this actually is a descending wedge or not, my pattern trading needs some more work. Reason 2: -61.8 fib level coincides with bottom of descending wedge pattern, could this be classed as confluence? Reason 3: -61.8 fib and bottom of...
TECHNICAL: Reason 1: -RSI Bearish divergence Reason 2: -Descending triangle pattern formed -Broke out + possible retest FUNDAMENTALS: -Possible escalation of trade war with china, canada, france
**Drag chart across to view text **Ascending wedge arrow should be "descending wedge" TECHNICAL Reason 1: Pattern: Ascending wedge 1. Broken out of ascending wedge sideways 2. Retested ascending wedge upper descending trend line on 15/06/2018 during selloff Reason 2: -RSI oversold at similar levels to in the past Reason 3: -At lower limit of daily bollinger...