In my previous forecast, it was said that after breaking through a strong support line, the price should return to this line and then rise. As we can see, the price did not even need a large correction - almost immediately after the breakout, it went up. This was expected as the support line is very strong and has existed since 2008. The fact that the price was...
. here i am with RISK/REWARD 1.9 WOW (it means if you lose its 1$ but if you win its 9$) (for new guys) . . I was searching for a low risk chart and when i checked the #apple chart , i said yeeees lol . apple had a good support on 0.38 fib but cracked it , then it had a strong support (the pink line) but again cracked it AND another strong support on 0.618 fib...
Throughout the last week and at the beginning of this, the dollar has shown steady growth. As I expected in my previous forecast, the price came to the resistance line. One would expect the price to make a small breakout to gain a foothold on the line. However, we see that it moves along the line. This is one of the reasons why I expect the price to fall...
After the gold broke through the resistance line and fell earlier this week, it is strictly working out the goals that I spoke about in my previous forecasts. It continues to fall. Let's remember how the price moved during this week using the example of my predictions that came true. Completion of the Pennant - 27 october Fixed on the line - 28...
XAUUSD Forecast for Daily timeframe until next year
Overall outlook is bearish. This makes sense because If a strong down move follows, as suggested by the descending triangle, it may give a bias to the neutral symmetrical triangle, changing it's polarity to the bearish side.
Monster falling wegde coming to an end soon ! Be prepared for fireworks ! Trade Safe , Stay safe PEACE !
For more than a month now, the correction of the insane NEO growth has been going on. Uncertain buyers' breakthrough of the mark $21.56 was a catalyst for the downward wave beginning. Sellers return to the $21.56 mark motivated us to come up with an idea that worked out perfectly. Since the idea was published, the price has fallen by 20%. At the moment,...
DKNG traded in uptrend. Fallback exactly to uptrend line + support line. Also performing falling wedge pattern (see 1 hour chart for more clear view). Take profit @55 Stop loss @39.5 1 hour char:
IF YOU DIDN'T GET THE GOLD MOVEMENT BEFORE, YOU HAVE IT NOW.... THE GOLD GOT BACK TO REACH THE RESISTANCE, HERE YOU GOT A VIDEO THAT EXPLAIN IT QUICKLY, FOR MORE INFORMATION TO GET SURE, YOU ARE WELCOME TO LEAVE A COMMENT. HAVE A GOOD TRADING,
MCD should hit $220 a share this upcoming week based on growing bearish divergence and a high RSI. We are close to dipping below the moving average as well.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. FALLING WEDGE: APPLE DAILY CHART BOTTOM OF THE BOLLINGER BAND
due to recent spike in coronavirus cases in UK the gbp is going to continue to fall which is my prediction could be a great sell opportunity this week coming.