The price is creating a descending channel on the daily timeframe. We can see two false breakout. Not the price is creating a consolidation above the daily support and dynamic resistance How to approach? IF the price is going to have a breakout from the daily dynamic resistance and weekly resistance (120$) According to Plancton's strategy , we can set a...
The market had a breakout from the weekly resistance and retested as new support on the 0.786 Fibonacci level, and the price respected the dynamic weekly resistance. On the daily timeframe the price is creating a descending channel on the weekly structures, and the price is trying to have a breakout from the descending channel and daily resistance. On the 4...
Head and shoulders and a W and a descending triangle.
Hello everyone: Let's take a closer look at the Ascending/Descending channel structure in the market. Typical ascending channel will happen at the top of the overall price action, and once the correction is finished, we have a high probability to see the price reverse. Whereas a descending channel structure will form at the bottom of the overall price action,...
Hello everyone, here is the top-down analysis for EURUSD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
We are still in the early stages of this pattern but that 9ema is curling up so wanted to put this out there in case anyone is looking for perspective on this chart! xeenos trading - sending positive energy to all those watching