CVLT has recently broken out of a flag position and has decreased in price. However the stock hit prior support and rose in price. The RVI is showing a flag pattern, so we could see a short-term rise in volatility. Also, the RSI is has been rising for the last few days. So, I am putting my long position above the 50 ma which is providing resistance and potential...
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Currently consolidating into an ascending triangle for a further push upwards. Trending up in a long run and all above the moving averages. Doesn't scare with aggressive pullbacks. Usually just consolidates...
I'm still very much in the learning seat, so I would love any feedback regarding my pattern matching skills! I think this is a good bullish pennant match on the EUR/USD 1H chart, and is supported by a strong uptrend on the daily chart. Any traders considering taking this opportunity? Thanks for any feedback!
D1 - the candles have a lot of lower wicks showing price doesn't want to go lower
H1 - ascending triangle, if price breaks out buy above the resistance line with a stop below the trend line, with a target at the recent highs.
We saw key resistance broken on the 02/01, since then we have seen a retest and a rally to the upside. Now we are seeing price rising within a bullish channel an bouncing off the 20 EMA. A break to either side will trigger my trade.
Price is still heading towards the topside of the long term descending channel. On the 11/01 we saw price break out of the daily bullish channel and has retested, currently price is ranging within a sideways wedge and is about to break, I‘m favoring a break to the upside however I will wait for a break o/s this wedge.
8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue.
Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways:
1. Horizontal at 0.91 - in line with the left...
Short Term: Bearish
From my current analysis, I would suggest a final spike up to 14500ish is on the cards, followed by another major correction down to 7.5k.
Great opportunity to maximise gains if previously shorted and bought in low down the crash this week, with my target reached at a...
IBM has gapped up since yesterdays open. Looking at prior earning reports the stock does provide us with the volatility we need to profit off this earning. The RVI is backing this idea with the breakout in the trend. However, the RSI is showing this stock could potentially be overbought and a short-term sell off could occur. Also, the 50 MA is providing the...