Ethereum has continued in its downward channel, we had a nice bounce off the top of the channel at 128 and then we saw the price drop down and not push through the downward sloping resistance line. We are now currently in a symmetrical triangle that is looking like it will break to the downside. If it does drop to the downside, there is a big possible profit ratio...
according to Bulkowski there is 66 % of meting the target when price goes out of the trianle.
Patience is key. Charts are very abstract. Analysis MUST be properly conducted to predict profitable possibilities. It's been months since I last shared ideas. Follow me if you would like more comprehensive analysis shared for a multitude of pairs.
GBPJPY Bullish Butterfly & Symmetrical Triangle Chart Pattern (Wait the breakout & Retest for confirmation) Wait the point D to go Long (you can Short after the retest) TP1= 0.382 C-D TP2= 0.5 C-D TP3= 0.618 C-D @forex_millionaires www.instagram.com
Hello! I hope everyone enjoyed the holidays! I picked up a few books on EW and a lot of my ideas are updates as I progress my understanding of the EW principle. Thanks for feedback so far, the likes and comments! Let me know what you were thinking! If you like the idea give a thumbs up and if you had an idea post it in the comments. I'm looking forward to 2017 and...
For this trading I'm looking for this broadening pattern to break out by 30 pips in either direction. It looks like this support level has already become resistance but I will be waiting for a breakout to get in on it. Target 1 in is at roughly the price range of the beginning of the wedge. The second Tp is at 30 pips less than the range from the lowest candle in...
symmetrical Triangle spotted. I made a DCF of this stock and got 12/share. Bulkowski's measure rule puts it at 7.22 I am bullish on this stock.
Only A-B is draw with "Disjoint Angle Tool" and it gives that perfect 6 months long symetrical triangle. Some notable key levels have been added by the blue lines and the red/green area. Let see how things will unfold.