PickwickTrading

PickwickTrading

After falling since Feb 21, it seems it's on the way to some recovery completing the 5th Elliot wave. For any long position I would wait to break the wedge upwards.

PickwickTrading

Failed to break the last high and instead, made a double top. There's a probability of a reversal.

PickwickTrading

After studying JPN chart for good amount of time, I came to conclusion that the price will go up in the next few days then, there's a high probability of reversal. After going up steadily for two months, the price has broken the structure and made L, LL and LH in all major TFs. The RSI showing a strong reversal divergence in M, and W and interestingly, bullish...

PickwickTrading

In M and W time frames, the price has broken out of the flag and retested it. There's a similar situation in D and 1H. Are we going to see an ATH??

PickwickTrading

High time frames are in range since mid 2023. It is forming a flag in W and a wedge in D. It has also completed a wedge in 1H and I think it is just about to break it downwards. If it does, waiting for it to break the support as well, then, there would be a good short opportunity with a nice ratio. Just an idea, best of luck

PickwickTrading

I think this looks bearish. After failing to break the resistance at 79, it seems to be forming double top in D and completed a triple top in 8H within. In 1H has just broke the rising wedge and retested it. If it breaks the support at 76.54, it probable will fall deeper to 71 or even lower. Whether its a fake out or break out, with the other clues staking up,...

PickwickTrading

After attempting to break the resistance, it's now formed a wedge in 1H and 15m. It is also possible to complete the wedge in daily by going up. If it breaks the resistance, it will possibly reach 80-81.50 as a next stop.