Fundamentally all seems right for Brent to go to $100. Let us look at the technical side of analysis. We have the price in a rising channel, should the price remain in this channel we might see the $100 mark soon. Our date range is indicated by the two vertical line.
Gold at key support and at triangle base. Can Gold go lower? Consider all possible moves and use lower timeframes to enter trades on candlestick patterns.
What we anticipate is a breakout higher, if this happens with candlestick confirmation we can anticipate a higher price level of around 19.85. Alternatively the price might find resistance now and keep trading within the triangle pattern.
With all the news going around that the price of oil is going to soar, we need to look at a price chart. Here we have a tentative head and shoulder pattern, but also a falling wedge (bullish - triangle) indicating that the price might move higher. With this we consider all possible moves the price can make. We will read the candlestick story teller around areas of...
We all know that the price move through phases or cycles. We might see an accumulation phase here before the bulls start getting in and create an increase in demand luring in more buyers. Will keep this on our watchlist. A massive rise in the price of Natgas might be disastrous for Europe when the winter season kicks in.
The price is in a uptrend, but can this be a tentative head-and-shoulder pattern? We know from experience that when a pattern respect the neckline of a pattern at least for awhile, that sooner or later on of the forces of supply or demand will over power the other. While the price is still respecting the neckline as support we will consider buy opportunities....
A rise in the price of NatGas is not there yet, but this is on our shortlist to track. The energy crisis in the Euro zone will open the door to profitable long and short opportunities when Natgas price start rising. And it will rise. Always consider all possible moves the price can make and trade the setup with the highest probability.
Analysis your charts draw some trendlines add red and green boxes (indicting buy or sell) of what you anticipate the price can do. Plan your trade, calculated your risk and trade the high probability setup. Just remember that a break at the apex, where the two trendlines converge, we can might see a possible consolidation and the price moving into a sideways trend...
What about anticipating a pennant pattern indicating a continuation. I know that the price projection might be far fetch, but what the heck. We do take in consideration the horizontal support area. As traders at Forex College we know that triangles can be traded up or down and always anticipate all possible moves the price can make and go with the higher...
We have a triangle pattern and a "tentative" double bottom. If the double bottom get confirmed the arrow line indicate upside target, trading as a triangle pattern then the first and second resistance area will be used as targets. With strong upside resistance the price will have to increase demand so that more buyers join in, and we can see from crypto marketing...
Here we have a *tentative* head and shoulder pattern, with the price hovering around the neckline. A head and shoulder pattern generally creates a triangle pattern between the head and right shoulder, and as we know with a triangle is that we can anticipate breakouts or breakdowns, triangles patterns are not only continuation patterns. Always anticipate all...
BTCUSD daily, if we consider that on this time frame this asset formed a Head and Shoulder pattern and if we take the height of this pattern and project it to the break of the neckline we can see that there is still enough room to move lower.
If the vaccine and booster shots don't start working soon, and they can prove that it is really effective we might possibly see this share price go to ZERO. On a personal level, if that happens we might see the virus infections dissapear completely. Always consider what the price can possibly do. This is for educational purposes and should not seen as trading advice.
Here we have a classic Head and Shoulder pattern. When the news surfaced that MacDonald's will close shop and still pay employees, there was already a tentative Head and Shoulder reversal pattern. Buyers got out taking profits and sellers got in riding the wave down. This is trading. There are always great opportunities even in the worst of times.
Can this be an accumulation phase and are the buyers ready to participate? More buyers will mean the price will go up. Or is this just a breather period before, more seller join and push the price lower. Like to find out more contact us. Happy trading.
Here we have a triangle pattern, and our high probability move anticipated is bearish, so we expect a drop in price. From the price action at the start of the triangle we can see heavy bearish action and this is normally and indication that the bearish trend may continue. Happy trading
Our bias here is bearish and we anticipate that a down move will be a high probability. However, with triangles we don't really care about the direction, we only cares about a breakout, or breakdown. Two ways to trade this is with pending orders above and below areas of importance, or wait for the break and trade on confirmation, the later might keep you from...
Have a tentative inverse head and shoulder pattern, and will try to get in if this I-H&S is confirmed. Should the I-H&S not playout as anticipated then we will follow the bears down. Always consider what the price can possibly do, currently our high probability is bearish for now.