theeonlydave

theeonlydave Jul 9

Pepe has shifted and invalidated the bearish structure that would have served us a wonderful sell opportunity. There is a retest, at a support level,once the current candle closes,the movement continues upward all the way to 0.00001312.

theeonlydave Jul 7

There have been powerful formations/patterns that one can always depend on when it comes to bitcoin. W formations,M formations and even triple top formations. Current price has a W formation that is coming to a conclusion and has printed a triple top. If you zoom in at 109160 you will see a small M formation more visible in smaller time frames and gives the hint...

theeonlydave Jul 5

Pepe has been moving within a bearish flag, and now the sell opportunity is almost ripe. An aggressive trader can entry after a breakout to the downside and hold to 0.00000749. Or If you are a conservative trader, wait for a breakout and retest before you enter. Once that happens, enter you sell trades and hold to 0.00000749. Or

theeonlydave Jul 4

There is a H&S pattern that is currently in play, the sell movent has already started but its still in its initial stages. A sell position current with a stop loss slitely above 0.1875 and a take profit at 0.00712 would be most ideal. A conservative trader can go with the most recent structure which would be a continous bearish pattern,if and only if you wait...

theeonlydave Jul 4

Gold seems to be forming the right shoulder of and inverse head and shoulders pattern (IH&S) which would thus translate to a push upwards to 3391.355 to complete the pattern. Equally there is a bullish channel with a clear M at the top where the bearish movement began. There is a consolidation without a clear indication of whether its a continuous bearish...

theeonlydave Jul 1

Gold had formed a W formation and moved upward quite a bit, it has created a pull back with the current bearish candle that has a nice wick. It is also on a support, which evidence of the continuous bearish pattern on the left. Entry at this point would be good in order to have a smaller stop loss.

theeonlydave Jun 30

There is an M formation , followed by a bearish continuous pattern to finish the m structure

theeonlydave Jun 25

Eurusd had a consolidation phase or a bullish flag and there is already a breakout to the upside. You can be aggressive and enter or wait for a retest and then enter

theeonlydave Jun 25

Gold seems to be printing a W or double bottom. Once it passes the black horizontal line then one can take the buy but with a big stop loss. If you are aggressive, you can enter now.

theeonlydave Jun 23

CAR has been falling for a while.It has started to create a wick on the daily time frame. It shows a possible buy but it can also drop all the way to the red line and then start moving upwards. Its just a matter of time.

theeonlydave Jun 11

Gold shows a larger structure of a Head and Shoulders(H&S) which would give a nice sell opportunity all the way to the black line below. Alternatively, there is a (W) formation at the most recent part of price which indicates a buy opportunity all the way to the zone denoted above with an arrow. The candles are forming wicks on a small zone denoted in the...

theeonlydave Jun 10

A buy position is ripe. A clear retest has happened and it is just a matter of time before price shoots upwards.

theeonlydave Jun 10

Trump coin has a visible IH&S, with the right shoulder slowly forming. The buy would be good at the current point with the stop loss slitely below the left shoulders candle.

theeonlydave Jun 9

Gold has formed a beautiful Inverse Head & Shoulders( IH&S). In order to be same, a trader can enter at the horizontal line above but with a bigger stop loss. Alternatively, you can enter now and enjoy having a smaller stop loss.

theeonlydave Jun 7

Gold will continue moving downwards to complete the triple top if you ignore the wicks. But if you include the wicks, its a head and shoulders.

theeonlydave May 30

Gold has created a left shoulder,head and is on the verge of forming the right shoulder so that it can then move upwards. The two arrows denote the shoulders. It is better to take a buy now and have a smaller stop loss than to wait for it to move upwards and join with a huge stop loss.

theeonlydave May 28

Price moved in a very unclear manner and eventually showed its true nature by dropping slitely after forming the second shoulder. The excepted move is a sell all the way down to the end of the lowest point of the structure.

theeonlydave May 28

There are two approaches that one can use: - first one is to wait for a break out and enter after observing on the 30m time frame in order not to suffer from jumping in too early. - The other is to wait for price to move and retest which will have you have a slitely smaller stop loss than when you go in with the first approach.