FEYE is poised for a nice breakout after breaking out of a nice pennant consolidation. News of the new incoming of Chief Security John Bolton may boost the stock more. If it were to break out, I would expect it to at least fill the gap at $26
We'll see how this plays out, but AU could be in for a nice run. Must break through that resistance at the red trend line, and the gap created today may need to be filled before moving up.
Bitcoin (BTC) :- Most important line for the day :- Stay out of BTC - ITS IN A NO TRADE ZONE. Currently prices are within a zone of support and as you can see prices have consolidated within the yellow ellipse.Unless your buying for the next 6 months don't look it at also. It will test the patience of everyone before it actually breaks out. Got some time for that.
$BTC has completed a bullish ABCD reversal pattern. Bulls have successfully defended $6.85K 4 days straight in the green box, prior to breaking out of it. Price was held by a HVN, and I think it'll get held again at the POC this time. I'm expecting some consolidation there while the market decides on where to go. 3 HR chart I published earlier is showing a...
Break over 420 would confirm a bullish inverse head and shoulders dont get greedy! make sure to stack your sells MACD looking close to a possible crossover RSI looks good
Neckline confirmed for a potential inverse Head & Shoulders on the BTC 4HR view. Daily also seem to be forming a iH&S, just needs to complete the trip from the head back to the neckline to make it valid. This could be the drive it needs to form the daily one successfully. Fun times :)
BTC looks to be in the middle of forming an inverted head and shoulders on the daily timeframe. The drive it needs could come from the iH&S being formed on the 4HR Think we'll be going down to 8k-7.8k USD before the big push to 11.7K in which the iH&S will be comfirmed and then be expected to finish the second shoulder before moon. April could be a good time for BTC
We have a small, yet completed inverse H+S followed by a somewhat bullish flag. Keep your eye on it here as it doesn't have much in the way of volume so it can easily fall through. If you were to decide to trade this, it would be wise to set a tight stop loss. *This is a high risk trade* -May the trend be with you-
$OMG forming inverse head and shoulders pattern realting to BTC.
Ltc is still missing the 5th eliot wave, this could be the trend reversal pattern into the next leg up
Hi Guys, I believe this can be a Inverted Head & Shoulder in the Daily chart, but we need a confirmation. We got 61.8 fibo retracement, storng resistencace, moving average 200, only will entr after a daily confirmation and a reversal sign.
$TRST with a possible IHS pattern on the 4h chart. If completed would break out of the long downtrend (red) to move to the fib resistance @4583. Watch for breakouts.
Nice Inverse H&S formation for TSCO, with declining volume on the way down and increasing volume on the breakout confirming the chart pattern. Initial profit taking point can be either at $64.30 or $67. Should the conditions be right, I wouldn't be surprised if bulls tried to take out the gap between $78 - $82 before moving down.
Gold 0.06% been trending upwards nicely in a channel, off an inverted H&S bottom and break of the downward channel, pushing through some key levels. Lots of data tomorrow too in EU and US. Could push this around and give us continuation or a breakdown. The channel is clear and some other decent levels to watch for opportunities, keep an open mind on direction...
The idea is to retest neckline of IHS and then go up to fill shark
IHS is setting up This chart is made for the FREE BLOG at our website. APC is setting up an IHS -though not symmetrical. A timeline for possible breakout has been drawn in to show where a symmetrical breakout could be expected. It's not to say by this chart if we will see a deeper pullback as it happened on the left shoulder. Indicator not showing divergens so...