It seems like a falling channel. The news media and many farsical events are likely to happen. But remember: nobody knows the future. If this pattern is channel the three arrows in its end represent a moment when the index recovers but they are not necessarily positioned in the precise dates. But if we look at other time period charts we could also see a falling...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT THE DOW JONES INDEX FROM THE 4 HOURLY CHART THIS WEEK. - The pair is currently trading in a descending channel that came back into play after that fake out. - Just tested THE ROOF of this structure, creating a double TOP at this structure. - looking for continuation of this move, As we...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL AFTER A SIGNIFICANT BULLISH RALLY CREATING SOME WHAT OF AN UPTREND, WILL WE CONTINUE TO RESISTANCE LEVEL $ 1911.87 * The METAL was trading in an ascending channel but seems the channel was consolidating in a bull flag / DESCENDING CHANNEL as we SAW a BREAKING OUT OF THIS...
GBPCHF on the daily chart is testing a confluence zone between the weekly resistance and a descending trendline. The price after a triple bottom over the monthly support started a bullish move with an impulse to the upside and retraced back to the 0.618 Fibonacci level. How can we approach this scenario? We will wait for the European market to open and check if...
What's up Everyone! 😃 Hope you are all having a successful day! Just wanted to drop a quick bullish pattern which is developing on the BTCUSDT 1D chart. Although it is a bullish pattern, we can still re-visit the 42k area before we find a bounce and potentilly continue to make higher lows and also higher highs again and potentially break the resistance of the...
The price action of the USDJPY established a minor dropdown following the release of the January retail sales data in the U.S. yesterday. The correction itself appears to be serving as the second retracement leg (3-4) of a broader Elliott pattern. Given that it has just reached the lower limit of the channel and the major support level at 115.00 (underpinned...
For the last two weeks, EURNZD remains weak and indecisive. The pair is coiling within a horizontal trading range. It looks like the market participants are waiting for some fundamentals. To catch a bullish move wait for a bullish breakout of a range's resistance. In case of a 4H candle close above that a bullish movement will be expected to 1.73 level. In...
BTC hit bottom of range, if it comes back down will be a good place to buy. Looking to see if hourly closes above blue line, if so, a new range is likely established.
Pidilite broke out of descending channel with good volumes Could be bought with mentioned stoploss & targets.
Hi Traders, AUDNZD is shaping up for a potential drop as we are moving within a LTF channel at the top of the HTF correction. We have a few good indications that a short may be possible, but only with clear bearish price action as our confirmation. Don't rush entries yet as the price could continue to rise, be patient and ensure your rules are met. What's your...
Hi Traders, AUDCHF has been consolidating since December in a larger channel which now the price is approaching the HTF upper boundary moving within a LTF corrective channel. If we look where the first impulse began, we can see that the price made a double top which then impulsively pushed down with a bearish continuation to give more room to fall. After a...
Hello traders: Lets take a detail look into and what could be some possible development in the coming weeks. From my previous analysis we can see price did push down to the lows of the higher time frame structure, but just didn't continue the bearish move. Instead, we then see some bullish impulse phase reversing up. In the last 2 weeks or so I have been...
Hi Traders, AUDCAD is approaching a key level which we may be able to get a long entry if price action gives us confirmation. Price action continues to give us bullish continuations which we should get a push to the upper channel boundary. Keep this one on your watch list Follow your trading plan! Support more of these by clicking the like button if this...
Hi Traders, GBPAUD has been shaping up to give us a breakout and a possible CAB entry for a short position. Pride is approaching the bottom boundary from making a double top and impulsively pushing down. Looking for a impulse breakout followed by correction before entry will be taken. What's your view on this pair ?? Comment below and let's talk about it....
Hi Traders, Price action is still looking bearish on GBPJPY as we had a double top at the top of a channel pushing the price impulsively down with a breakout following by another correction. Wait for confirmation before getting caught further into this current consolidation. Good Luck! Support more of these by clicking the like button if this has helped...
Hi Traders CADCHF is showing bearish price action with multiple corrective structures developing. The last correction gave us an LTF correction at the top of the channel to validate a sell opportunity. Price pushed down and gave us a CAB entry (correction after breakout). Manage your targets appropriately and follow your trading plan. Click the like button...
The price is within the ascending channel. Locally the price is overvalued. I expect decrease to the level of support before further growth to the target indicated on the chart.