We are at a point which we can consider end of a correction (rectangular structure). So, basically what we should do next week is as follows: 1st: We seek for a green candle, which we can consider as a go-long-trigger, on 1h chart in order to open a long position. (or another trigger that you, yourself use in your own trades.) 2nd: The top of our gray...
I guess many analysts confuse the bitcoin movement within a channel with the triangle pattern. what is your opinion? Is the triangle pattern correct or is bitcoin moving within a channel? Maybe a rectangular pattern is going to be made? I will be happy to write your opinion in the comments.
Analysis made with rectangular trendline. It respected the 200-level, so it is expected to drop more. SELL EP: 69.200 - 69.000 TP1: 68.800 TP2: 68.500 TP: 68.000 SL: 63.350 This is my personal trade and analysis as a beginner. Not a financial advisor.
Doller on down trend . A bearish rectangular pattern occuered.Possible to go down more.
Some rectangular bottoms have formed on the GBPCAD pair, i count 6 touches included wick ends on the first and looking for a 6th touch on the lower trendline on the second rectangular bottom.
Continuous reversal points in this rectangular formation, will it continue at (5)? MACD looks bearish, however there is a bullish divergence on the MACD. Risky trade.
Rectangular bottom with a triple bottom, short term bullishness expected. Continuation of bearish trend will likely follow. First time using this chart pattern.