The price moves between support and resistance lines. It shows that a big part buying the stocks from the market. You can use 2 strategies here. First one is to wait for a big move (+60%) or just buy stocks from 13$ and sell it for 14$ (7,6%) for 4-7 days. Risk is low.
On the monthly and the weekly GJ is respecting the trend. When we zoom into the four hour timeframe it dipped below average, indicatiiveof a boy according to the Master Pattern. I have set up three trades according to your comfortability.
Aussie dollar has been on a short since the beginning of the week. I can see a breakout of a head and shoulder pattern which signals a sell for me.
Following the Rectangle pattern Waiting for breakout at 1.072xx to Sell under this price , or can wait 2nd wave recovery --> Sell limit at 1.070xx + Target 1 at 1.050xx + Target 2 at 1.0350x
We can expect the price to respect the channel and start going up affter break and retest the resistance. This is only Possible if breaks the resistance for the up side!
first of all im sorry i dont know how to draw a diamond pattern on trading view as im new here. i can see gold formation of a diamond pattern. it can fall hard to the next support. this is just an idea im not a pro please trade at your own and do your analysis first before following me.thanks
CAD JPY rebounded from resistance area 83.600 MACD shows bearish momentum RSI broke down uptrend line shows negative divergence so we expect bearish movement to support uptrend line in case of breaking it down ,price will be down to support area 81.500 .
I am not so much expert but what I can see here that it is changing from flag up pattern to triangle one also towards downwards. I think from 1479. It will start falling for long term because it will break out the pattern or it will go beyond if it breaks 1502 resistance which usual one for short term. but my best suggestion goes for Short Term. Rest is upto your...
It was nice to see the inverted head and shoulders pattern play out on my previous update. I really hope some of you made some profit out of that. It wasn’t so good seeing the bull Pendant get swiped by the bears. I could be wrong but this pattern seems to follow the trend line and the resistants line is taking a bashing. Hopefully it will convert and become...
Diamond Pattern in Bitcoin. We can fall back to 10000 - 10200 range.
Hey, guys Just a few minutes ago, bitcoin surge about 1000 USD from ~ 9200 to ~ 10400. lots of pain for bears, especially whom holding high leverage short contract. But when I check the fractal for bitcoin, there is a pattern very similar to current chart, which happen in 11.Mar. 2018. The similarities are: Double top in 4H time frame. Bitcoin price break...
After price reaching a major support level, completing a XABCD pattern and reaching the 140.006 price, it is expected to bounce of that level. a reversal may see price all the way up. first take profit may be at 143.340 price level, the second take profit may be at 145.679 price level and the third take profit may be at the 147.212 price level. this setup can be...
price has respected the drawn wedge since october and looks to be building for a breakout next week. After the exhaustion candle on the 4hr at the top of the wedge i believe we could head back down and breakout to retest the 1.12960 level.
Hey guys, Today we opened a short on the AUDCHF pair. Looking at the 4h Chart we can see how price made a peak high with a divergence after rising with 3 levels. We missed to enter on the top of the high as priced moved already one level lower. We expect a current consolidation zone - holding the 0.5 fib level. Consolidation levels are marked in yellow boxes as...