0.5 Fib retracement then bounce off the bottom of the channel to new highs
Hi everyone, This is my first published idea so be nice, ha. As you can see BTCUSD is respecting the upward sloping channel while moving through and playing the previously established ranges. BTC has broken down out of the Dec 21 range, though i suspect it will continue to consolidate on the lower boundary of the upward sloping channel, then breakout back...
Due to the collision with the canal shoes, we expect the canal roof to have a price increase
Bataindia broke out of descending channel with decent volumes on hourly charrts. Could be bought with mentioned stoploss 7 targets.
The price is at the lower boundary of the uptrend channel, near the support level. I expect growth to the nearest resistance level.
The price continued to move in a downward channel to the $40,000 level. Volatility has slowed down, the price is locally oversold. I expect growth to the specified resistance level.
As i said in my previous posts we are in Ascending channel on the weekly, on the daily we broke out from our rising wadge to the downside (is going to be confirmed if close below 43.1k) and descending channel on 4 hourly. Yesterday i posted about the rising wadge on the daily and i was bearish, because on the weekly we have formed hidden bearish diverganece and on...
✅OIL is trading in rising channel But oil is overbought And we are seeing some bearish price action So IF we see a breakout from the channel Bearish continuation will follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
intraday price action series of higher high and higher low inside a parallel channel aka bullish trend resistance 1903 >1923
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.