Here we can see the price consolidating on the weekly chart, trading near a resistance with bullish momentum increasing, and forming a triangle. If the price break the resistance I anticipate a move higher as indicated with the up arrow. As I consider all possible moves the price can make I have a bearish move as my alternative and the probability that the price...
Possible bullish head and shoulder pattern on this low timeframe, higher timeframes bullish signals. BH&S pattern average violation of neckline is around 70% distance of pattern, if breakout- up after 70% anticipate no pullback to test breakout line. Lower timeframes like 15m and 5 min will be used to gauge bullish/bearish momentum around neckline. Always...
Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To...
Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To...
We might have an accumulation phase here. Euro zone is heading into winter and we might see more bulls joining Natgas.
Close as the end of this day might give us a clue of where and how we gonna trade this this instrument. As trader we love trading on either pullback or breakouts, and in this case we can see a minor resistance just above the now price. If bullish momentum keep increasing (1) I might consider going long above resistance (2) wait for the breakout above resistance,...
Here price action is showing a higher low and creating an Inverse Head & Shoulder pattern. The down trendline is plotted on the H4 timeframe and still indicates a downtrend. However, we can see that there is enough room for the iH&S pattern target projection to be reached. The up trendline connecting the head and right shoulder creates a triangle pattern so I will...
Tentative head and shoulder pattern emerging, we have downside support that might stop bearish movement. As I always anticipate what the price can possibly do, I have plotted a downtrend line with a bullish anticipation indicated. Read the candlestick story teller when the price trade near or intersect any of the lines (support or resistance).
Here we have a tentative head and shoulder price pattern. Tentative for me is a pattern still in the making and not yet confirmed. However with every head and shoulder pattern comes a triangle pattern between the head and right shoulder. Head and Shoulder = Reversal Pattern, Triangle = Continuation or Reversal as a triangle shows us a indecision lower highs/...
Here we have some price action that might indicate a possible reversal of the uptrend. On the daily the price is trading at a Fibonacci retracement level. At this point it is a tentative head and shoulder pattern, the down trendline between the head and right shoulder create a triangle pattern. I will consider all possible moves the price can take, read the...
Here I am using my speed lines as trendline and price direction. I've combined this with Fibonacci retracement level to measure the strength of the retracement. Trading with the trend is profitable however on this time frame the price is not near any of my levels of importance, it is placed on my short list and will re-analyse when price intersect lines.
BTCUSD trading in a triangle pattern, and from experience we know that triangles are not always continuation patters. We will consider all possible moves the price can make. Looking at fundamentals and how much news and advertising going around that that BTC will rise to super new heights we will have to include that speculation in our analysis.
Bearish reversal candlestick at a downtrend line, so I anticipate a consolidation or retracement. For a retracement I've plotted my Fibonacci levels and will pay close attention when the price starts intersecting or trading near my levels (support or resistance). DISCLAIMER: I am not a financial advisor and anything that I say on these channels should not be...
I'm going for Speed Lines combined with Fibonacci retracement tool. Price is at a level of importance previous support now resistance. Uncertainty is our game so we should anticipate all possible moves the price can take and then trade the move with the highest probability. With what is going on in the world and social media still expecting Oil to go to $100 my...
Price trading midway between my resistance and support speed lines. Price bounced of a horizontal support, but did not reach the 38.2 retracement level. On my short list and will read the candlesticks as soon as price start intersecting my speed lines. Set alert on your trendlines and only check back once alerts are triggered.
The CPP is when a support change to resistance and resistance change to support. Here we can see that the price respected a previous support as resistance, however the pullback from the level was short lived. As I like to anticipate all possible moves the price can make, and in these times of great uncertainty, my bias is starting to look more bullish. My...
I have identify a inverse head and shoulder (IHS) pattern and plotted graphics. The trend is still down as I don't see higher highs yet, so my bias is still bearish, however I will consider all possible moves the price can make. With a bearish trend still in tact I will consider the triangle pattern as my bearish trade indicator (head to left shoulder and neckline...
After the strong and steep bearish movement a retracement of some sort was expected. Here I have plotted my Fibonacci retracement level, and we can see the price sitting at the 38.2 level. My sentiment is still bearish but I will look at candlestick/price patterns on lower timeframes before taking more action. Consider all possible moves the price can make. Should...