TheLuckyS7ven

TheLuckyS7ven

Here we can see $MCHP has completed a two year-long Head and Shoulder pattern. Furthermore, to add to our bullish bias for a breakout to all time highs, a smaller Ascending Triangle has formed as part of the right shoulder. Also, this Ascending Triangle almost has the same resistance as the larger Head and Shoulder pattern. A breakout for the Ascending Triangle...

TheLuckyS7ven

Just sharing an idea I have of the current market structure. I will be looking for short setups once the line of support is broken and theres a clear break out of the consolidating triangle. Down makes more sense than up right now, but we'll see.

TheLuckyS7ven

The overall trend here is a downtrend. I see a possible Quasimodo setup appearing. Quasimodo setups are usually a trend reversal pattern. They occur when, in a downtrend for example, you have a low, followed by a local high, followed by a lower low, then by a higher high. Once making the higher high, if price retraces to the initial low of the pattern, you have a...

TheLuckyS7ven

$BTC has been forming a triangle over the past few hours. Both RSI and Stoch RSI continue in an upward slope all while $BTC is consolidating into a triangle. If price breaks through the upper resistance of the triangle with high volume, I will look for a long opportunity. If price breaks upwards, I expect to see price reach ~13k. In that area we can find the...