The ether forms a bull pennant.
More likely exit is up, but I do not exclude the descent to local and main support.
We also have a channel:
- Local resistance 247
-Main 251
Breakdown and consolidation above 251 - will mean the continuation of a strong upward movement
Support:
- Local 239
- Primary 235
Breakdown and consolidation below 232 - for me it will be a...
Main Items we can see on the chart
a) The price is on a Weekly Support zone
b) We have a Descending trendline that represents the last dynamic resistance before the bullish target
c) Currently, we have a descending movement just on the edge of the mentioned trendline (yellow lines)
d) If the price breaks above the yellow lines, we will consider as a...
GBPUSD has formed head & shoulder pattern at the top. It has achieved its first target, which was at support 1 and it bounces back from support 1 to retest the neckline. Now, it is also trading in descending channel pattern, as shown in the chart, we might see a downside in GBPUSD, as it is facing the resistance of neckline and resistance of channel pattern. One...
Though I have been expecting the markets to roll over once and for all, they simply may not be ready yet. The ES futures now appear to be in a descending consolidation pattern, forming a bull flag. We may be headed up.
Here we see GBPJPY on the 4 hour chart. we're currently in a bearish market as lower lows and lower highs are being created.
The current price is at a key aread or resistance but also sat in a fresh level of supply.
I would like to see a break of this resistance which is marked around 134.000, this would bring in the Retail Buyers before we see smart money...
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USDCAD
The price is close to Support/resistance level,If price breaks below the support then after a pullback the pair could give us a nice sell opportunity with good R:R ratio,wait for the price to break below the level after a pullback if price gives any bearish signal then look for sell...
Ascending triangles are classified as continuation Patterns . Here are the key elements that make up an ascending triangle:
1. Bottom Trend Line(Support) – An ascending triangle is characterized by a bottom trend line that is formed as the price continues to set higher lows. The more touch points on the trend line, the more reliable it will be.
2. Horizontal...
$SQ Square is looking like it is ready to correct itself in the near future. With accelerated C19 cases in multiple large population states, this will potentially hurt small businesses the most, which is Square's primary client base for their POS/processing business.
The one hour chart lays out are 2 target price gaps that will need to be filled at some point,...
📌 Flows to illustrate end-game cycle chains
-> Here we are tracking a very advanced flow, the struggle for Long Bonds to complete the final ⚠️ breakdown and trigger capitulation in debt . This would be more natural to develop ahead of US elections as it would imply maximum pain giving enough energy to help form a base on 'surprise' Trump victory.
To...
Homebuilders have emerged as one of the standout industries in the post-Covid world. Plenty of technology names, like Zoom Video Communications , benefited from lockdowns. But it’s also boosted housing in a few ways. First, surveys show millennials finally want to buy single-family suburban homes. Second, interest rates are low. Third, credit-card spending data...
We assume that the false breakedown which was announced in previous reviews has been woeked out. At this stage we are observing an incipient long trend.Investors' sentiment is at medium negative levels and that leads to believe in the continuation of a growing trend.An exit of price above 9900 will confirm our expectations.
Altcoins: (Considered coins are LTC,...
We assume that the false breakedown which was announced in previous reviews has been woeked out. At this stage we are observing an incipient long trend.Investors' sentiment is at medium negative levels and that leads to believe in the continuation of a growing trend.An exit of price above 9900 will confirm our expectations.
Altcoins: (Considered coins are LTC,...
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Summary:
We think BTC will likely fluctuate within the 9k – 10.5k range this coming week. The fundamentals are looking more bullish compared to last week. From the technical analysis perspective, we believe we are at key...
Greetings, fellow traders!
Gold has broken out of the triangle, and above the mirror horizontal level too, while being above the diagonal support trendline.
RSI indicates the asset being overbought, so a correction is expected.
After that, If the horizontal level and the diagonal support stand>>go long.
The parallels with the previous breakout are too...
Evening Traders,
Today’s Analysis – AUDCAD – breaking above daily support, price is likely to put in a retest allowing for a long trade with defined risk.
Points to consider,
- Strong bull impulses
- Daily S/R flip
- Daily resistance target
- Oscillators cooling off
- 200 MA visual guide
AUDCAD’s trend has put in multiple bull impulses with no proper...
Hello traders, GOLD has completed two secondary test of BC, This is the final peak now it will make lower lows. We are already in 1000 pips profit and it will give another 1000 pips profit in this month. I will keep updating this chart and we will keep adding trades. This could be the huge jackpot.
Don't Forget to Hit the like button if you find it helpful and...
- On Friday, the index were trading a little flat against a basket of major currencies, particularly the Euro. Traders are also awaiting news from a European Union online summit, where Germany and France are trying to swing other members behind them on a joint EU rescue fund.
- The main trend is down according to the daily swing chart; however, momentum is...
![SQ: [ $SQ ] Ready for a Correction](https://s3.tradingview.com/u/UVsKjmyu_mid.png "[ $SQ ] Ready for a Correction")
