With this being a Bitcoin halving year, I am still overall bullish, I will not flip flop easily on my overall bullish sentiment, like others every dip and pull back. I believe this could be a shake out still and profit taking time but we will see. We found support at 8600.00 BTC/USD area which was sitting upon the 200D EMA. I believe we need to hold this to...
This should be an interesting trade. Expect overcorrection because this stock is volatile. Maybe test with a small amount at a higher point (2) and put a joke stop-loss order somewhere around $20, fully hoping MMs take it out. Do not put a limit order down there or prices will never go down to that point. Instead, drop a market buy or complex option spread right...
target 8500-8700
Just throwing some lines on HSBC (HSBA) . We have a broadening channel, higher highs and lower lows on a 20 year timeframe. Currently in a downward trend on the monthly, just about holding historical support. This would probably be a good place to exit if we are expecting a market downturn. "These formations are relatively rare during normal market conditions...
Last month I saw a bearish gartley harmonic developing that probably ended closer to a bearish bat harmonic. The long was successful and so far the short has been too (link below) I had seen no potential for failure in this short until 2 days ago when we started to develop a broadening wedge. This analysis is neutral not long until a 4 hour close confirms this...
Hello everybody just an update of my latest strategy :)
This broadening formation is breaking out to the upside. To confirm that, I want to see it going fully trough the 3k level. Target inside the chart.
I tried to decide if I want to make this a "short" idea or a "neutral" one, but i decided to make it short because btc still hasn't passed the major resistance that it needs to pass to signal clearly that it's going to test new highs, and as long as it doesn't break that line at 12.2k I will not be expecting a retest of the highs for btc. to make a long story...
Big Expanding descending Channel or Brod Formation of structure making in GBPJPY. Currently making a Bear flag to Short Term SELL Opportunity . Buy on Third touch of structure after Confirmation in Lower Time frame - Let See What Will be Next Move - Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
can it finally break its resistance? or will it fall back into its broadening formation?
People are over exited about Inverted H&S formation or Small Triangle formations but they forget the bigger pattern makes the direction of market. In daily chart I see this " Right-Angled and Descending Broadening Formations " which it can be Bullish or Bearish but in a down trend must of the time it breaks out bullish. As I see it can breakout upward now but...
So its now looking like the diamond pattern may indeed be a diamond bottom rather than a bearish continuation diamond as we have broken bullishly upward...however 2 big resistance lines stand in its way that may be powerful enough to send it back down and create a bull trap. The top trendline of the falling broadening wedge(in green) and the 1 day 50ma just above...
To me, BTC seems to form a broadening wedge, a pattern that you rarely see on charts and that indicates rather emotional trading. I expect price to break the wedge to the downside soon, with a subsequent retrace to around 3750-3600, where it would find a lot of support (4h 200MA, Ichimoku cloud, VPVR). From there, there is a possible rally to around 4400...
USDCHF H4 Broadening Top patterns & Short Setup LEVELS SHORT USDCHF @ 0.99 SL @ 0.992 (20 Pips) TP @ 0.978 (120 Pips) RR: 6, SWING Setup! Enjoy our limited Content and Setups, leave us a like and Comment!!
Ominous portents. Broadening top in September led to the microcrash in October and US Equities have been struggling since. November usually one of the best months for stocks, has only been a down month in 3 years of past 20; those were in Bear Markets... Some very fine textbook chart formations appearing over past few months. The Zig-Zag Correction has led to...
Following from the smaller scale charts posted previously, weekly scale shows 2 triangles in action from outside bars. Missed the smaller scale one which perfectly tagged the recent low but i've done some more studying and almost completed the strat course, so my eye is sharpening every day. Larger scale triangle still has lower edge to tag, as previously...