BTC is moving sideways and it has now formed inverse cup and handle pattern. Its all the way down now
The plan is to see BTCUSDT ride some $1600 from here. I have executed this trade on market order. Since there is no bearish or bullish divergence on RSI and an Ascending Channel has also been spotted, which happens to be a continuation pattern. A long position is in place. Pull your stop losses tight.
Bearish flags are a type of bearish continuation pattern. Where the projection of the pole indicates the future price action with timestamps. Also, these continuation patterns usually work when there are no divergences of any sort as a rule of thumb.
A double bottom is a strong bearish reversal pattern that forms after an asset reaches a low price two consecutive times with a moderate decline between two lows. Bullish divergence is a confirmation of a strong reversal pattern.
CFDs on Gold are displaying a Bullish ABCD pattern. Where point C is the retracement point and D is the target point.
EURJPY is displaying Bullish ABCD. No divergence spotted
AUDCHF is displaying a Bearish ABCD pattern. RSI is oscillating between 70 and 30 and there are no signs of divergence.
GOLD has been moving sideways after its bullish rally. But there are still no signs of bearish divergence on weekly TF. Gold's gonna boom inevitably.
TSLA had a nasty correction back in October to November but it quickly bounced back up and started to trade sideways. This formed the cup bottom and the current sideways trading is forming the handle. If the chart pattern is valid, then we may see TSLA moving up quite a lot in the future. One can take the height of the pattern and project it upwards to get an...
USDJPY is forming a bullish flag on 1D timeframe. All the levels are defined but continuation patterns are famous for riding the trend. Keep riding until the last levels
USDCAD is forming bullish flag on 1D timeframe. All the levels are defined but since its continuation pattern. You can ride the trend up until Take Profit 2 level.
- Bearish Trend Identified - Bullish Divergence Spotted - Reversal Pattern Identified - Breakout Zones Defined - Trade Setup Executed
- Bullish Trend Identified - Bearish Divergence Spotted - Reversal Pattern Identified - Breakout Zones Defined - Trade Setup Executed
- Bearish Trend Identified - Bullish Divergence Spotted - Reversal Pattern Identified - Breakout Zones Defined - Trade Setup Executed
MATICUSDT is moving in sideways directions. Don't get confused with too many lines. S1, S2 and S3 represent three Support Levels (Green Lines). R1, R2, and R3 represent three Resistance Levels (Red Lines). Place these levels (orders) simultaneously, when one order type is filled cancel the other one. Make sure these orders are Buy Stop and Sell Stop Orders. Take...
CHFJPY is moving in sideways directions. Don't get confused with too many lines. S1, S2 and S3 represent three Support Levels (Green Lines). R1, R2, and R3 represent three Resistance Levels (Red Lines). Place these levels (orders) simultaneously, when one order type is filled cancel the other one. Make sure these orders are Buy Stop and Sell Stop Orders. Take...
EURUSD seems to accumulate for a while and then will trend on a bullish Trend.
GBPUSD is moving in sideways directions. Don't get confused with too many lines. S1, S2 and S3 represent three Support Levels (Green Lines). R1, R2, and R3 represent three Resistance Levels (Red Lines). Place these levels (orders) simultaneously, when one order type is filled cancel the other one. Make sure these orders are Buy Stop and Sell Stop Orders. Take...