DJi my latest favorite formation Upside down Head and shoulders formation pointing continuation of current bearish movement. Index has been stopped twice at 61.8%. R/R around 4.5 Links below for this pattern history
Upside down head and shoulders formation. Pair is holding above 200 ema and GAP from daily chart. I'm bullish on this pair and my TP is close to 1.2800 which gives R/R ration around 5:1. links below showing pairs which are following trend after upside-down head and shoulders formation appeared on chart.
Posting this one a little late. Originally had this idea two days ago. MACD and RSI divergence spotted on the daily, along with price at the 200sma/ema. Stop cn be kept just below the low there, making this a binary trade.
NZDUSD is trading below 200 ema on 1h chart and it was strongly rejected after it reached GAP from daily chart. See twisted circle. I marked with stars places where this GAP was holding pair above. After this support/resistance area was breached it is in my opinion nice opportunity to go short.
I believe we are in the very interesting situation where bitcoin chart is creating upside down head and shoulders formation. I put links to my previous ideas so U can see how this kind of formation is affecting future price trend. What I found is that when upside down head and shoulders formation appears it most likely means that the current trend will...
ETC created almost perfect double bottom at the end of 2017. I marked strong support which hold pair below it till February 2018. This support/ressistance area has been breached recently by strong move and defended which moved pair towards north. This pair is on the market for some time and it is actually one of the blue chip coins in my opinion. I think 0.079 or...
After bullish movement which last for 3 consistent days pair formed very harmonic flag pattern also we can see three white soldiers. There is one GAP grey thin line which represents GAP on daily chart. This chart is filled with variety of bullish patterns mid of January upside down head and shoulders pattern was formed on 4H. I set up TP at 1.600 which is based on...
The Bulls took a 1,000 dollar plummet suddenly last night...likely from multiple people profit taking after a prolonged run. RSI was oversold and it took and price tooka a quick dive but was eventually caught by the 200EMA(in blue) in fact the candle that touched it formed a dragonfly candle so it appears bulls must be afraid of dragonflys as it has scared the...
All the interesting patterns and formations are on the 4H chart. I would like to point out here how the pair is hanging on 50% Fibonacci level with company of engulfing candlestick formation. Pair might have problem to move up because of this 200 ema which is dumping pair lower but eventually it should manage and go higher in the next few weeks.
I marked on the chart GAP from daily chart and I think it will play important role in next few days as a major support/resistance area. It seems like that the pair is back on up trend after yesterday's sharp movement. Risk ratio is set close to 3:1 and it is based on Fibonacci 50% to 150%. Green rectangle - this is very powerful formation with close to double...
AUDJPY is bouncing off very strong support/ressistance area. We can see here unfinished double bottom combined with two GAP;s based on daily chart. I would go long here with SL just below longest wick and TP when pair will meet 200 ema on 4H.
Blue stripes representing GAP on daily chart Green stripes are representing GAP on weekly chart Circle in the left upper corner we can see irregular H&S formation plus 200 ema rejection Another circle in the left upper corner is the place where pair has very hard time to go above weekly GAP and after rejection going south right now pair is trading in weekly...
I marked with blue arrows double bottom which was quite a significant level to enter the market. Around 30k there is strong support/ressistance area which is playing important role on the chat. This level was breached today and open possibility to go up to 50k in near future. Pair is finally trading above 200ema which is also suggesting bullish trend. I think...
50% of fibo is based on 3 year long bearish wave. IT is combined with double top with nice candle formation and GAP which is respected by market without doubt. I set TP close to 38.2%.
It is another update to my previous ideas. I I would say that this looks like irregular H&S formation. This resembles to H&S formation on the USDCHF back from 2010 between may and june. I would say it is quite a opportunity I also linked few other examples how this formation is acting when is pointing trend continuation.
I'm starting to think that the pair will not create H&S pattern which i mentioned in previous idea. I marked 3 GAPS based on weekly chart. These are playing important role and created strong support/resistance area for any bullish movement in the past weeks. I set up risk reward ratio based on the 50% fibonacci retracement. My TP is 15.20
Channel (lime lines) is nicely respected by market also combined with GAP is suggesting further downtrend. It is in my opinion good chance to enter with quite nice risk/reward ratio. In my opinion channel will be broken in future and it will push pair towards south.
50% marked on the chart is the retracement form the last 7 months downtrend started at the begging of the January last year. I see here incomplete head and shoulders pattern which may or may not appear in next couple of months. the top of the formation is in 50% area combined with psychological level which is 20. one arm is bounced from GAP combined with...