Looking for a buy after a retest on the support zone it's currently in for a continuation up to the 38.2% fibonacci confluence zone. 3:1 Profit/Loss ratio Happy Trading, DailyForexWatch
Looks like gold is about to blow out. Trade idea : Long : 1296 area SL : 1270 TP : Open.
Price is still finding buying interest along a main daily trendline that has been carrying price for some time. There's a lower timeframe inverse head and shoulders. Price currently is hoovering around the neckline.
long if break the flag. right shoulder in the making
The elliott wave count call for much more upside in Cable for the coming weeks/months. This view has been confirmed by the inverse S/H/S that was triggered with the break above 1.3240. Both calls for rallies into the 145.50 - 146.50 area. Short-term we might see a minor set-back towards the neckline near 132.50, but only to gather strength to the next rally higher.
Let me start by saying this: I do not believe we have reached the bottom. We recently crossed Fib level 23.6. Yes, prices are going up a bit from the low of $46 (currently $51); however, this is to be expected. There will be another drop. I am predicting price will go as low as $42.97. That will complete the inverse Head and Shoulders. From there, bullish price...
In my September 8 - 2017 post I said, that the correction in wave (B) from 6.9633 was coming to an end. The actual low for the (B) has proved to be at 6.4355 on that exact day. The rally that has followed has been both strong and impulsive. We still need a break above 6.5566 to confirm that the low has been seen, but it should just be a matter of time before a...
On a 15, and 5-minute scale we see an inverse head and shoulders which is a reversal pattern We buy the on breaking the swing high (neckline - blue line) We set a stop loss on the latest swing low ( estimate - the lowest point swing on breakout - red line) We can also see a kumo-twist happening with a blue cloud on ichimoku
waiting for pullback to buy. buy on the right shoulder in Inverted head and shoulders pattern will be a good strategy to buy.
Projection going up to US$ 4,9k soon. BITFINEX:BTCUSD
In this trade target at least the neckline
Ethereum formed inverse head and shoulder on 1 hour time frame, and corelating it with my elliot wave , its about to bust out
looking for a break above the 5.7x area low volatility and positive volume pressure
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...
CLF had huge volume movement yesterday with the price breaking out to almost $8. Previous resistance is now acting as support.
Short setup on this pattern
I'm a bit skeptical of this bottoming so fast after a loss of a major trendline, but its possible. I'm not touching it, but for all you speculators... good luck :)