Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
COCA-COLA : Follow the uptrend. Feel free to like❤, comment📝, share👫 and follow me for other analyzes🌍
Hi, Strong support 29 - 34 Technical criteria: 1) The trendline since 1989 2) Previous 2007/08 resistance level start to act as a support 3) Fibonacci retracement 62% 4) 50% drop from the recent high guides the price exactly to the green box, acting as a support. Regards, Vaido
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BEARISH momentum and a strong support is broken, sell it!
Hello fellow traders ! The chart speaks for itself, nice bullish candle trend break with the 50 day moving average as support. MFI was oversold and making its way up, stochastics gaining traction as well. Looking at the fib levels to have an exit plan. Just my opinion! Good luck ! ;)
Chart says it all. We are trading inside a descending triangle, with clear support indicated by the blue zone, and a decreasing trendline indicated with blue. Take a shorth with your own preferred SL/TP. Trading is not about copying but about forming your own opinion.
Another good opportunity If the price gets rejected at the top we enter short towards to the 61.8% Fibo as it is breaking the triangle. 61.8% fibo range is the sweet spot to enter long if the above scenario happens. In case we see a breakout of the tunnel before geting to 61.8%, wait to retest the tunnel confirming support to enter long.
Hello traders, Description of the analysis: Coke is currently on the first support (upper gray) suitable for analysis into investment input. Another suitable opportunity to enter during the decline is the second support (bottom gray). In general, invest in instruments that you understand. With balance and your own plan. This is not an investment...
4H Chart Explanation: - Price broke the Descending Trendline. - Price is currently on a Bullish Corrective Structure. - If it breaks it, potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
* Remember to support with LIKE and FOLLOW me for more analysis * KO respected the previous top as a support (yellow line), and yesterday did a nice bullish sign. If it goes up to U$ 49.73 (blue line) and breakout, will trigger a pivot that could take KO to U$ 59 in an optimistic scenario. Now it is in a very delicate moment. Today’s candle is clearly bearish...
4H Chart Explanation: - Price is on the Weekly Ascending Trendline. - It tried to break it, but could not do it. - Now, we have to possible paths: 1) bounce from here and start a new up move; 2) break the Support Zone to start a new down impulse. - We are waiting for setups on lower timeframes to take trades on this instrument. Weekly Vision: Daily...
4H Chart Explanation: - Price broke the Support Zone (now Resistance Zone) on an important down move. - Expect a correction from here. - After that, price is going towards the Weekly Ascending Trendline. Weekly Vision: Daily Vision:
The market dropped a lot, and now we have a possible reversal signal. The price reached SMA200, and we got a reversal candlestick pattern. RSI is going to confirm the price reversal. If the price can stay above the low of the signal candle, it is possible to search for buy signals using the daily and hourly charts. Stop orders must be placed below 52.00...
4H Chart Explanation: - After this big fall, price seems to be bouncing on the Weekly Broken Ascending Channel. - After the Pullback and the Support Zone, price has potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
4H Chart Explanation: - Price broke the Descending Trendline. - Price reached our first target on the first Fibo Level. - Price is going towards our second target on the second Fibo Level. Weekly Vision: Daily Vision: Updates coming soon!