A while back i uploaded a chart pointing out that silver was partial rising within a trading range and that the next time it hit the bottom of the range it'd be much more likely for us to break down and today here we are. I'm reuploading this chart as a relevant reminder of the impending breakout.
I expect that we should get a move down to the .786 and .886...
BABA seems to have completely broken it's trend and looks to be preparing to reverse back down to where it started i think in the next few months you will certainly see BABA below $145 and worst case scenario it will go back to the 60s.
I was waiting for the Risk to reward ratio to line up before posting this we're testing the old line to try to find resistance at old support here and that's allowed the R:R to be acceptable. Now would be the chance to enter.
Silver tried to breakout and failed then it also failed to gain any sort of bullish momentum on the weekly and now it looks to be ready to crack the support after having a nearly confirmed partial rise and closing lower than is has closed since becoming rangebound.
The Measured Move of this range breakdown would take us down to the .886 retracement where i then...
ETH is showing Bearish Divergence and a partial rise in a Right Angled and Ascending Broadening Formation and we just got confirmation to enter short near the support level in the form of a 4HR Dark Cloud Cover Closing.
Short term day traders should observe the rectangle range we've been trading in since the 24th, after the sudden drop. I have drawn the bear flag that has setup this pattern. Now, after 3 touches on bottom and 2 on top, it seems we have a partial rise. That is good news for the bears as this typically indicates a breakout of the pattern is impending. As part...
