Daily chart forming ascending triangle (BULLISH triangle) and it's all most ready for big movement. Need few more days for confirmation. 31 MA is the main support. Most indicators are bullish.
PA broke channel on wave 3 (complex abc) and twice in forming the wave 5 (complex abc). Those breakouts are very limited and the channel TL seems to attract the PA very strongly. Wave 5 completion expected @97.4 for a short on ABC correction or new EW sequence down.
As I point out in the chart, MRK is in a very tight consolidation here. With the RSI holding inside of bullish territory after it's recent bounce off the 150EMA it has run into previous resistance. This resistance coincides with a sort of ascending triangle based on the higher-lows it has been making since March '14. This pattern comes to us after a long run up...
There was a recent break of a triangle pattern to the upside. After a kiss of the trend line, TSL should look to retest 15.50 given an equal distance move from the base of this triangle pattern.
EURUSD has probably completed correctional phase. As a basic scenario, I will watch for development of another ascending structure for achieving 1.3650.
Bund is trading in ascending channel and topped last week @148.76 by touching the top boundary. The 113ext of previous high could present a short-term res. or perhaps, a longer-term res.
This chart is a minor re-draw of the chart originally published by chrisdunntv. Changed the following: 1) Moved blue lines to touch candle wick lows and highs. You still have two touches on the ascending blue support line and the descending blue resistance line. I believe this better reflects the recent weakness in the bitcoin price as highlighted in the yellow...
Platinum / USD Weekly chart Platinum is breaking up the ascending triangle See the links below
CADCHF is still trading in channel. The 833 level seems to be a strong res. PA is currently trading at 835 levels and still no strength to make new highs. With nice RSI divergence a ret. to 8284 or 824 should happen soon.
GBPCHF is trading in an ascending channel, bullish trend. PA reached the top boundary and 127.2 ext of previous high on very strong impulse leg from the bottom channel boundary. Although the 113 ext at 52 provides support last week the breach is likely to test 5122. The support can be observed on the RSI too (red TL).
AUDNZD after making a new high above 1.10 fall more than 200 pips. Now at channel median line we will see if more downward is preparing. Bullish sharks waiting at 1.07 and 1.06.
The target price range is somewhere between the two arrow points. Sell somewhere up there, depending on how everything looks later. Flags: thepatternsite.com Ascending Triangles: thepatternsite.com thepatternsite.com
AUDCHF rallied to 8388, to top channel TL. The ABCD has been completed @8368, spiked higher and ret. only to 23.6fib. The spike down almost closed the gap to the breakout level. Expected ret. to at least 38.2 if the PA will cont. upwards. Good support at 83 level. Possible dropping to lower channel boundary but so soon. The strong RSI div. shows exhaustion of this...
UJ touched the channel boundary and pulled back on ABCD completion. The bearish flag might be a sign for UJ dropping lower completing the bullish butterfly.
NU is still trading in ascending channel. Right at the bottom channel TL completes a bullish gartley to keep the NU channeled.
After the sell-off from almost 40, EU ended close to 37 handle, failing to create new low. Same happened beginning April after the rally to 396, EU failed to close below 37. The PA is in the lower half (below median channel line) of the channel and possible completion of bullish gartley. Conclusion: The 37 handle has been a strong S/R level in 2014. Now, close to...
Is the DAX 30 Index following DJ 30 Index ? Is the DAX 30 Index breaking up the Ascending Triangle ? See the links below.