Taking a position here on a support and resistance flip. So we can see clear resistance confluent with the value area high of the ascending triangle. We got a breakout and a retest. The retest is confluent with the HPR1 and VAH. Let's see how this one turns out. This is a trade taken on the crusher account which was started 10 weeks ago at $500, and is currently...
GBPUSD created ascending triangle and two indicators saw buy signal. now you can place a buy order. if you like my idea please like, share and comment. thank you
Not a professional just posting for reps hope its useful for someone.
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...
What is your thoughts on this chart? Possible Break to the upside? as we are approaching the end of the ascending wedge.
NASDAQ:CALM is forming a 4 months ascending triangle. Multiple tests of resistance line have taken place. A breakout from this consolidation will lift the price off the 200 moving average and set the tune for the next leg up. There is a considerable resistance around $51 and if cleared, price should reach chart pattern price target identified on the chart.
JPY/USD OVERALL DOWNTREND BUT THIS MOMENT IS CONSOLIDATE NOW FALL BEARISH TREND AFTER AGAIN COME TO CONSOLIDATE WAIT FOR CONSOLIDATE HIGH PRICE AFTER FALL BACK MOMENT YOU CAN GO SHORT.
CADUSD Ascending Triangle. A bullish breakout has happened and I believe it'll pull back to the old resistance which has now turned into support and then have a bullish turn.
$SPX $SPY $ES_F -- Shorting heavy here -- We are almost retesting the 200 weekly SMA on the weekly chart as well at this ascending wedge on the hourly
The Russell 2000 ETF has seen a price run-up since early October as it emerged from an oversold condition. The recent pullback has created what may be a bull flag (magenta trendlines) that is close to breaking out. The IWM also seems to be gaining some relative strength vs the SPX which should bode well for this ETF gaining in price. Upon further evaluation of...
Good morning traders, Trade War negotiations appear to be breaking down which will put pressure on the NZD. The NZDUSD is about to break an ascending wedge formation. There is also a nice head and shoulders forming. We are looking to sell down to the 0.6300 level. Any thoughts and comments let us know.
There was a gap down back on April 26th following a disappointing earnings release. Since then, the price has been unable to break above the resistance line created by the gap down. The price was rejected at this level for the third time but there is also an ascending triangle pattern forming. Depending on how earnings are taken there will either be a breakout or...
I'm just posting this for future reference. Since bitcoin broke the multi-year trend the assumption is that it will hold. If true, then this ascending triangle may be the pattern that launches prices to the next level. Those waiting for a major correction and lower prices right now may be disappointed. Nothing to do but wait and see.....
On my previous chart Dash appears to have broken the trend, but when you ZOOM in & readjust the trend line that's not the case. $109.00 USD is where the support on my chart is, I expect to see a strong bounce off this support if tested. Time will tell per usual.