Sorry to say .. the pattern is clear as day ( maybe a bit to clear ). Lower highs for the last 6 months indicates bullish weakness. Target of this descending triangle is sooo deep I will not even entertain it yet but a break down would put us under 4K easy. Be safe !
Consolidation pattern forming on Uhaul, could go long or short. Wait for break to buy with volume increase. Pattern subject to morph.
only buy the breakout and target at 1.78798 and stop @ 1.71096 .have a nice trading. by the way there is sell setup in lowe time frame same like this but bearish 1.but dont forgt you are selling inside that impulse it might stop u out on break even or with a loss.but if it continues to go down Nd invalidate that impulse candle just keep your trade for longer run ..cheers
G'Day Cobbers Just a quick post to give some hopium, check the chart it says it all. remember this is on a huge timescale and is not t be trader against unless you are looking to buy and hold. This is just a forecast on where it could go based on classical charting rules. It will not go in a straight line but it should develop on the time frame much like the last...
I'm still biased long big picture USDJPY , but head and shoulders retest might be in order. I'm bullish on dollar, so this is a counter move. I am not in this trade, it is an idea.
#ZIL has respected classical charting patterns very nicely. Right now we see ZIL falling below an ascending line and is looking to find support. We have 3 minor supports drawn and 1 major. I doubt we fall below the second support but if we do I am prepared. Wait for a breakout of this downtrend line.
Classical charting only on #TRXBTC . Sometimes its important to not get caught up on fancy indicators. Simple wedges, supports, and resistances can draw the picture perfectly. STUDY THIS
Hello traders, We have this week CPI ready to shake markets and hopefully taking EURUSD out of this period of acumulation/distribution we are in. Price action is forming a bullish flag and wichever the side the breakout happens it will be a big move given the time we have been loading in this zone. I can't tell you that this is the right side, but I tell you...
According to Edwards & Magee (1948), 75% of symmetrical-triangle breakouts continue the prior trend, which in this case is bullish! (1) And according to Kirkpatrick & Dahlquist (2010), 54% of symmetrical triangles in general breakout upwards. (2) So the odds seem favorable for bullish movement. However, it needs to start about right away, yet after this lousy week...
The Dow is forming a symmetrical triangle. At least for single stocks, "symmetrical triangles breakout to the upside 54% of the time." Source of quote: finvids.com
Good example of a descending triangle tightening up then breaking out on COHR.
ETC is soon finished with the bearish period and is setting off soon for a long period in a bull market! I would like ETC to see in the grean zone buy area one more time. I dont know in short term what ETC is gonna do, but in the larger picture I see the classical chart proven to be happening over and over. ETC is starting to be bull for a long time. FInally the...
ADABTC - Long 4HR Chart - similar pattern formation. Flat until the correction is over. May drop a bit more. Must see heavy volume increase before buy.
will track this continuously.
Might be jumping the gun here but the potential of a Head&Shoulders pattern presents a decent opportunity to go short with an excellent R:R If the market can't sustain 151.40 we can expect price to retest the swing low at the completion of the pattern; approximately the 147.50 level. A roughly 350 pip target. SL @ 152.08 is appropriate.
Hi fellows, I am looking for the XAUUSD to drop back in the structure. One more up wave is possible. In case we see an other up wave then look for sell from top. Good Luck fellows.
will it become triple top ? i'll prepare short entry on Small TF