AS WE SEE THE MARKET WAS BEARISH, WE HAVE SEEN A BREAK OF THE TREND LINE AND COMING BACK TO RETEST THE DOUBLE BOTTOM ARE. THE MARKET HAVE CHANGED BIOS NOW TO BULLISH MARKET, SO WE ARE WAITING FOR A RETEST AND THEN GO FOR A LONG POSITION. TRADE ON THE 1H OR 30M TIMEFRAME.
Double Top and Ascending Channel Pattern forming for Reversal in downside. ThankYou
price made an impulse, now creating correction and now waiting for another impulse after break of tline
REJECTION ON THE 3RD TOUCH OF THE WEEKLY ASCENDING, waiting for the rejection double top level and then go short high risk trade. with the low risk option wait for the break of the trendline
According Rising wedge pattern target has been completed and price bounced after test his prev swing low in D1 Time Frame. ThankYou
Watch Correction and strong Sell in downside. ThankYou
THE MARKET IS FORMING AN ASCENDING CHANNEL WITHIN ASCENDING, CREATING A DOUBLE TOP AT THE HIGH OF THE STRUCTURE THE TRADE IS ON DIRECTLY AFTER THE REJECTION ON THE DOUBLE TOP LEVEL, AND THE BREAK OF THE SMALL ASCENDING
THE MARKET IS FORMING AN ASCENDING CHANNEL WITHIN ASCENDING, CREATING A DOUBLE TOP AT THE HIGH OF THE STRUCTURE THE TRADE IS ON DIRECTLY AFTER THE REJECTION ON THE DOUBLE TOP LEVEL, AND THE BREAK OF THE SMALL ASCENDING
the price will reject on the top of the structure forming an ascending channel, with a double top on the weekly major structure, If it breaks the support trend line there is a 90% probability to touch the bottom of the structure.
Following a lot of bullish momentum on this pair since september, it now looks as if price is beginning to look exhausted. We had an impulse, correction and continuation of the bulls since september, but in the last few weeks price has slowed its ascent and this has formed a ascending channel on the 4 hour. Within this channel we have had 2 touches to the...
A possible trade for next week forming. Price has made a strong bearish impulse lower with a wicked candle. Price action looks to be forming an expanding pattern ,with a third touch of the top structure a possible next destination. I would be looking for price to consolidate first and an entry may become available within the support zone . One I will be watching...
Context Notice that I used the word "indication", and not indicator. By using solely structures and forecasts to keep ahead of the market, these are especially important. Flags. Channels. Wedges. In this scenario, it can be seen that there is a strong impulse from the upside after creating the second touch, and coming down for the third touch on the bottom of the...
Context Analysing from the perspective of both the buyer and the seller is of paramount importance. By analysing from both perspectives, you would be able to weigh both charts and come to a stronger conclusion instead of looking at it from neutral eyes. Below are examples of the USDCHF charts whose structures are drawn from the sentiment of a seller. Weekly...
Context It has occurred to me over the past few weeks that EURUSD has always been in a position to buy, probably due to external influences and invalid correlation. My market sentiment has since changed after redrawing the structures of this pair. This is the weekly chart of EURUSD as of February 9. General Consensus Wait. The impulse is still ongoing, and...
If you like the analysis, Please Like and Follow me for more. View my previous post of Akorn inc. I evolved the bull flag slightly and found the bottom line the flag respects. An entry at current price would be ideal.
Following last weeks bullish breakout of the flag that had formed. The price now has pullbacked and consolidated, getting ready for its next move. On the hourly timeframe this can be seen, this corrective structure is beginning to look like a bullish flag. The breakout of this structure will determine either a continued bullish outlook or and even deeper...