We've got a nice W forming on the 1 and 4 HR charts for $XLM. We have a great long entry around the $0.292 neckline that sets us up for a very nice risk reward ratio at 3:1! If we can't break above the neckline, we'll stop out around $0.276 at the second bottom.
After Bitcoins 27% dump we are now getting a retracement to the upside and consolidating around these levels. Was looking to see if bitcoin could break its previous local top at $36,374 (Green Box Area) but seems like we have got rejected. Now it seems like Bitcoin can be setting up a double bottom (W formation) and consolidate around these levels a little bit...
Hey everyone Hope you guys are good here's a look at the DOLLAR INDEX from the 4H chart, the index rallied down and failed to break support level 90.459 ranged just above this level currently trading in a more so descending channel now waiting for a breakout of this structure for intra-day set ups perfect to trade the top & bottoms of this structure on lower...
EUR and JPY are pretty strong this week but there is a chance we can see this W formation retest happen. The pair just broke the trend and might go for a retouch of the previous resistance before the continuation for upside.
Possible path the price might take considering the W formation that has already formed.
If it breaks 50 MA will go up to next resistance zone 1.64901 creating a W formation.
we have w formation on daily time frame so we do expect that market make a pull back to the neckLine of the w formation ... hope you guys like my analysis and if you like drop like and comment
Looking at this W formation I believe the market will reach this particular TP and during that zone continue to the downside. Link to related idea:
After a large dump, silver fails to break through the new highs. As I said last week (you can see in my ideas) we have seen a head and shoulders. And now? Is a W formation possible? We'll see ... Stay tuned more for updates my friend ;)
Alibaba making an interesting W-formation. Waiting for a break above the double top, or a retracement to the 20sma to go long. OBV and RSI are supportive of the movement, with OBV trending higher than previous peaks, and RSI above 67. Keeping on a watchlist.
May be forming a large W with the inner M formation acting as the 'lips' for the W structure. If this scenario plays out, congratulations to all the holders. Your patience through a very volatile coin has paid off. At first glance you probably think "what is this sorcery?" But take a closer look, symmetry helps with these formations.
Good Day Everyone A look at the DOLLAR INDEX from a monthly perspective we are still net short on the index seeing a rally of some three ( LL) candle on the chart on a bearish rally. from the weekly perspective the sentiment is still the same 4th month closing an a ( LL ) rally looking for continuation of this momentum to the downside before seeing some...
Good Day Everyone Here's a look at the USDJPY pair and some idea's within structure for the more aggressive traders on lower time-frames the pair is currently trading in a descending triangle which could be signaling a reversal on the pair the pair has been hitting LL within structure so looking for a break above of structure, looking for a completion of the W...
Hello traders and analysts just a quick idea here - price is showing a nice hourly pattern for an inverted head and shoulders or a W formation. Be aware price can fall down to todays lows of 1.79340 but ofcourse confirmation is key to success as price is reactive. Trade your plan. Note: Trading is about timing. so even if our stop loss gets hit on the chart....
Hello Traders Here in EURUSD we have a couple of points that have become known! First of all, slightly messy but we have a "W" formation showing and ending on the resistance shown at 1.099 What does this mean?? We'll likely see a downward spike, possibly even touchdown on resistance before it starts making another upward push because once it comes down, it's...
Felt like buyers wanna take some advantage sentiment wise and seem like they wanna push the price upward which might work for intraday prolly. I caught W formation ( double bottom: reversal pattern ) and on Higher Timeframe doesn't seems much bearish domination so there could be chance for bulls to weigh over market in lower time frame indeed. Bear in mind...
LONG GBP/AUD, ***IF there is a clear rejection at the 61,80% level of the fibonacci (Daily fib), it is also the 38,20% level of a Weekly fib wich is also on a key level. The market created a W and is now retesting its neckline that should now act as resistance. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
Confirmation: 1. Trendline 2. S/R Zone 3. Typical Pricetrap for Breakouts 4. W-Formation