It seems that Bitcoin is forming an Ascending Triangle on the Daily TF. Following are some Key Takeaways to consider. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing...
Key Points: Descending triangle pattern (continuation pattern) Support line broken Bearish indicators GBP inflation shock Recent bearish trend
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an uptrend , just consolidated, broke out and retested the structure . - Short term the pair has currently at the supply zone could go lower but looking for possible continuation with the bulls. - Looking for LONG entries on the THE CRUDE this...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR. * The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure. - Short term the pair just broke...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE AUD / USD PAIR. * The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure. - Short term the pair has currently entered a down trend as...
HTF - Structures received a false BO and formed a double top pattern and moved impulsively to the downside. LTF - Market currently stuck in a correction continuation pattern, further bearish momentum expected, however, it is reaching the bottom of the HTF ascending channel, so further precautions should be taken if price impulsively moves up.
Sketched this a few days ago and still going as predicted... As we know, BTC still on the bull uptrend. For 2022 this is my prediction. We are currently sitting on a downward continuation bull flag/downward channel, and within that channel, there is a small flag reversal just right on 61.8% ($44,589) FIB and this could be the pivot point to start moving back up...
If we could do measured moves on the log chart the same way we do on a linear chart then this pattern would be calling for a breakout target of around $700. That’s sounds way too extreme to me so I doubt you can apply the same measured move techniques from a linear chart to a log one. Would be happy to be proven wrong though. One thing I know is it’s gonna...
ON NIFTY50 Daily chart we have seen a 300 Points straight fall in the Friday trading session. The Index is falling with every rise. The market cycle in the daily time frame chart for Nifty made a bearish long day candle on Friday. This candle completely engulfing the long bull candle of the previous session. Technically, such patterns are formed at the highs,...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD. - completion of the INVERSE H&S ON higher time frames played out well here's where we were last trading week - reversal at 61.8% fib level - LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR and possibly a retest...
I last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there. Due to the current market correction the stock did slow down but now is looking to continue its move. The tight consolidation it was in during this short correction indicates that institutions were...
Major Bullish Signs on SOLUSDT All the analysis Part is viewable on the Chart. Investment advice: I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation. As for now it is possible to scalp the asset...
Voila - a skew 12y arc with Silver THe consolidation is related to the las tone, with importawnt differenece - is up stairs ans down elevator - BULLISH vs opp 2011 - entered from below, so a continuation b=pattern, not a typical bullflag per se - gradients clear, and spell $44 target - bouncing off RS!50? 0- funny that lines up with MICHAEL OLIVER's watershed
• Price has broken out of a bigger channel so there’s a 90% chance of it going to the bottom of structure • Downward trend with a pullback correction so there’s a high chance of a continuation to the downside • Price has formed a rising wedge which is a reversal pattern and is currently at the top of structure • Price is at an area of daily resistance which...
Been waiting on the ascending continuation correction to complete which looks like it may be so, the entry type I want on this is a clean LTF Correction after the breakout to minimize my Stop loss size.
Looks like we have a HTF bearish continuation correction, we're correctively approaching the swing high area, gearing up for the short reversal play, Will look for the LTF correction after the breakout on this, it's been a consistent entry that has played out well on GJ so I'll be looking for it. Whether we sell at the highs or before I'll be looking for the same entry.
We've had a strong bullish push up, Now a clear Continuation correction on the Mid timeframes would be key for us to keep capitalizing on the bullish move. This continuation correction would also be classified as the correction after the breakout.
AUDCAD had a strong impulsive push up, Now that we are around our Swing high areas, what we would like to see is a strong break and LTF correction after the breakout preferably on H4 timeframe as the impulsive we just had was strong, so the correction would be better if it's clear on the Mid timeframes like H2 and H4.