ArtCharting

ArtCharting

The S&P 500 continues to form an Ascending triangle, the 4th descending wave. Bearish sentiment is fueled by the opening with a gap down. From October ’22 to May ’23, the index was in an uptrend ABCDE (each subsequent peak and decline were higher than the previous ones), but the May peak F could not surpass the previous peak D, determining the horizontal...

ArtCharting

Let's start considering the situation on the oil market from the weekly timeframe gradually descending to the hourly. The global picture appears as follows – since 2008, quotes have been in a descending channel with a peak at $ 147 per barrel. In March 2020, pushing off from the lower border of the channel at $ 16, a medium-term uptrend was born, which lasted...

ArtCharting

Since October 5, the index has been in an ascending channel, which is based on an ascending trend line, having 4 confirmation points, BCDE and AF channel lines. On November 24, the index failed to overcome the resistance level F, forming a local resistance line FI. At the same time, the short-term GHK support line can also be noted. Together, FI resistance and GHK...

ArtCharting

The "Head and shoulders" model is the most common reversal model. The main prerequisite for the formation of a reversal model is the presence of an active trend: from 10.10.22 to 14.11.22, the Index was in an uptrend. The trend line has 3 confirmation points A, B, C. It is important to note that each of these points forms support levels. After breaking the ABC...

ArtCharting

On the Bitcoin chart, you can define a triangle pattern. The upper boundary of the figure is represented by the ACE resistance line, which has been in effect since May 10, and the lower boundary of the triangle is the BD resistance line formed at point B (upon reaching the 2–year minimum on May 12). This triangle can be classified as symmetrical. A feature of a...

ArtCharting Updated 

Hi guys, pay attention to the silver. We have a primary downward trend since Aug’20. This trend consists of 4 middle trends: Period Duration Start price End price #1 Aug’20 – Nov’20 4 M 29.95 21.86 #2 Nov’20 – Jul’21 8 M 21.86 25.68 #3 Jul’21 – Oct’21 3 M 25.68 23.47 #4 Oct’21 – today 1 M 23.47 25.18 We can detect a double bottom at the end of the...

ArtCharting Updated 

Hi guys! Pay attention to the breakout of short-term resistance line. Best regards

ArtCharting

Hi guys, I would like to share with you my middle-term view about ETHBTC. I hope it will be useful. Let’s start from identifying primary trends (a primary trend last for several years). I’ve recognized 2 primary trends: Period Duration Start price End price #1 Jun’17 – Feb’20 32 M 0.160 0.017 #2 Feb’20 – today 21 M 0.017 0.81 PT#1 formed a pattern...

ArtCharting

Hi guys, I would like to share with you my long-term view about EURUSD. I hope it will be useful. Let’s start from identifying primary trends (a primary trend last for several years). I’ve recognized 3 primary trends: Period Duration Start price End price #1 Oct’00 – Jul’08 93 M 0.82 1.60 #2 Jul’08 – Jan’17 102 M 1.60 1.03 #3 Jan’17 – today 59...

ArtCharting

Global trend. Let's start by identifying the global trend. The weekly chart shows that the global trend is upward and consists of 3 primary trends. Period | Duration | Start | End #1 Apr ‘13 - Dec ‘17 | 56M | 100 | 19000 #2 Dec ’17 - Jul ‘20 | 31M | 19000 | 9600 #3 Jul ’20 - Today | 16M | 9600 | 67000 Now the...

ArtCharting Updated 

Primary trends. The weekly chart shows that from August 2018 to November 2020 there was a declining primary trend, which ended with the formation of a double bottom. From November 2020 to November 2021, the primary trend is upward, as its support and resistance lines are upward. Date Price Beginning End Beginning End #1 August 2018 November 2020 262...

ArtCharting Updated 

Let’s start by detecting a trading range. The first significance trading range was formed in the second half of 2017 . At the end of 2017 XVG took off into space, but the flight was not long. In August 2018 XVG returned into trading range . I think we can temporarily reduce the range . The 1st conclusion: the long-term trend is sideway & trading range We can...

ArtCharting Updated 

First of all, we have to detect the trading range. The long-term trading range has an upper boundary at 1920, this limit exists since 2011. The second step – trend lines. We have 2 lines: AC and BD. Lines form an ascending triangle. It is important to notice that triangle is a long-term and continuation pattern. Thus, we can say that the gold price in 2030 will be...