Long-term outlook = Potential Head and Shoulder formin for mid-term swing short positions. Short-term outlook = Falling channel = Long opportunities. Target - 90% rule Disclaimer: For educational purposes only.
Price gives a clear head and shoulder setup signaling a sell position. Let wait for the right shoulder to complete.
the price is currently in a continuation phase in a umber zone, it has spend many hours in that zone and it is now creating reversal patterns. we have a expanding structure, i am expecting to form a double top reject than in the next continuation i will start to look for opportunities.
A Resversal Pattern sited on a very key level and alot of buyers and sellers have already been manipulated.
Here is a bullish reversal pattern formed on the support level and lower time frame bullish reversal pattern also confirming the move.
As we have seen on the 1D chart, we have formed a double top pattern followed by a nice impulsive move down and a tight flag on the intraday timeframe. As soon as we get to RR 1:1 we will move stops to break even. we hope it will reach our 90% rule but if not we will lock in profit accordingly with management. (SELL STOPS SET)
Patterns are the most accurate form of trading. So clean and comprehensive. Falcon strategy
Equal touches from either sides(2 touches), will we get a 3rd touch on the low? Definitely.
Solana follows BTC as many other tokens do. My analysis on BTC is congruent with this.
BTC obviously on a downtrend as shown by the descending channel. We've had a minimum of two(2) touches from the highs and the lows respectively. Price looks good for a buy as it approaches the highs for a touch one more time to complete the falcon pattern(three touches) before selling off as three touches have the highest probability.
We see patterns within patterns. The large pattern serves as the parent pattern while the patterns within it are the corrective structures which signals a huge sell off all the way to the 90% rule.
Gold approaches a vital point where the hedge funds tend to get retail the traders on the wrong side of the market by breaking the highs or lows (high in this case) and then move price back into the structure to complete their agenda. In falcon strategy, we have a way to filter such scenerios. A high or a low is consider broken only if a correction comes above or...
Overall descending channel. Price gave us a third touch on the supporting trendline of the pattern, moved to with an impulse to the upside and gave us a continuation pattern (correction) to signal a buy entry. In falcon, price moves in two forms: impulse & correction. We had our first impulse and correction so we're now expecting another impulse to the upside.
A nice ascending structure presented itself on an area of mass psychology which validates the reversal pattern even more. Now we wait for price to commit to itself before we can sell off
Price moved to the upside with an impulse move then broke through a descending channel. After breaking the channel, price corrected and now we broke through and retested the consolidation zone on a smaller timeframe.