maybe something like this?
Hello everyone, Bitcoin has seen a fantastic rally over the last months. We've managed to reach all the way to the all-time highs. There hasn't been any serious pullback yet. I've found a bearish divergence on the daily timeframe in the RSi and a rising wedge pattern. The target of the rising wedge is calculated by the height of the wedge, so around...
Hello traders, as you can see, the candles rejected the support below which now we could be looking for retest buy entries to that target point. Thanks for reading!
I felt like posting this so that some of the traders on here can see where we are in terms of the quarters of the year. Its important to see this because around yearly, monthly, weekly, and daily highs and lows those prices are sensitive! We can see that the market ran out the high that was created in the beginning of the first quarter and dropped. As of now. I...
AUDNZD on the weekly chart has recently broke the descending channel that kept the trend since october 2017. On the daily chart the market, after the move till the upper trendline of the channel, retraced slowly creating a falling wedge. Currently the market found resistance on the recent highs structure and we could expect the market to consolidate before a...
STILL NOT MAKING HIGHER HIGHS. LOWER FIB LEVELS IN PLAY.
Go with the trend or be crushed under the pressure. It's as simple as that.
Over the past days the price of gold has been consolidating in a triangle pattern. As well as between 1738.22 resistance zone and 1673.70 support zone. We are like to seen a break of the upper resistance and the triangle pattern, and gold is like to restest the 1738 zone before making all time highs until $1800.00. Let's see how it plays out. Thanks for...
Hello everyone! I will keep it compact as always: 1. SMA 21 crossed the 50 2. Makes Lower lows and Lower highs 3. Turned into a downtrend 4. My opinion is that it will retest the 135.500 zone 5. 135.500 is a strong demand zone. 'We need to improvise the market' I hope you like it!
See fib extension, fundamentals say gold is going to become standard store of wealth worldwide throughout SARS-CoV-2's lifespan.
The last days have shown Bitcoin is still in the same bear market it has been in since the all time high. Every pump in between is just a correction (see: Elliott Corrective Waves) and has nothing to do with the start of a new bull market. A new bull market will start when most people have forgotten about cryptos and want nothing to do with them. That's what a...
WDAY topped on the short-term trend, but it is bouncing off of weaker support from money highs in 2018. WDAY remains at risk for more downside slip slide action, until it enters the Platform candlestick pattern formation from 2018. That support level offers stronger support due to a prior Dark Pool Buy Zone™ with minimal accumulation.
Platform trendline patterns usually form on the upside trend due to Dark Pool Quiet Accumulation, as the giant Buy Side Institutions control their entry price. This Platform formed on the downside, but it is in a compression at this time to test the highs of the sideways action.
CSX is in a bottoming formation with higher lows but consistent highs within the bottoming action. The candlesticks are now in a common compression mode with moderate volume supporting upside action.
After last Thursday's developments in the US-Chinese trade deal, the UK's general election, and the Fed's liquidity announcement, the outlook for the DAX30 CFD is very bright as we start the trading week. The main driver for the bullish action, and the ensuing break above 13,180/200 points resulting in new yearly highs, was certainly the "deal" between the US and...
A short-term triangle is underway for MU as it hits heavy resistance from previous monthly highs. The candlestick patterns are indecisive.
AMD has confirmed its breakout to test the previous yearly highs of 2000 and 2006. These highs are very strong resistance.