Nice little ascending wedge on FTSE could spell trouble in the coming weeks. I'd have thought to break out of the downtrend in red would warrant a retest of the trend at some point.
BTC fell through a linear trend line. Forming a little descending parallel channel. Probably going to break upward for now but continue down in the pitchfork channel. Doubt we'll see any big moves since BTC doesn't seem to want to go anywhere these days without holding stock market indices' hand.
Only twice before the present period has the S&P tested the very top of the channel and both times were met with substantial subsequent pullbacks. Now, having substantially exceeded the channel for some time, the S&P has just begun to puncture its way back in. This could be a blow-off top that brings stock prices back to the reality of sustainable growth. I expect...
Chinese stock markets still open today. Lots of indecision at this level but looks bearish to me. Trade the breakout either way.
S&P broke out of downward channel bullishly but has failed on the retest of channel. Could reestablish itself in channel but movement lower looks likely.
Pennant support acting successfully as resistance after its breakdown. A little move further down seems likely
Bit skeptical since the resistance of flag is unconfirmed but the support is definitely established. A bloody market open could be enough to prompt a revisit to 2400 before next leg up.
Shearwater group printing a descending wedge. Looks like it's setting up for one more leg down due to the apparent bear flag shown in black before breaking out. With lots making the adaptation to work from home as of late, it surely sets a precedent for more remote work going forward. Increased corporate digitalisation would help boost demand for managed security...
Printing a falling wedge close to the downtrend line, the S&P looks eager to break out despite the current fundamentals. Should the wedge breakout carry enough momentum, 50% fib extension (2726) looks a likely target (Dec '18 trough used as previous low for trend-based fib). Another failed attempt at breaking out of the downtrend would be very bearish and could...
BTC currently right up against the resistance of the bearish wedge. Convention would point to an eventual breakdown of wedge but the contrary wouldn't surprise me. Shorting here unless 4hr breaks wedge resistance and closes out of wedge bullishly.
The black line is the much posted about trend resistance of the big drop. Having been punctured by futures, an ascending wedge is forming and an imminent breakdown and retest of the trend looks imminent. Will go long if black line holds.
Descending wedges always seem to break out to the upside for VAST. I'm looking to enter at around 0.16 since it looks as though the bottom of the wedge will be tested one last time.
We're back in the bearish wedge where majority of price action has taken place over the last couple of years. Bottom of the wedge may act as support allowing for a bounce/consolidation before a potential breakdown of the overall pattern.
AJ Bell is big on their ISA products with lower fees than Hargreaves Lansdown. Since the stock market overall is booming and investor confidence is high, I think many will have maxed their 2019 ISA allowance and will be waiting to inject cash for this coming new tax year. More cash injected into accounts = more fees for AJB.
Nice little bear flag... bottom support broken and rejected on retest. Invalidated if flag support is exceeded.
Pretty self-explanatory. Bars pattern copied has been adjusted in size. Continued likeness = potential drop to 2600 levels.
I guess this is a fractal idea sprung from some arbitrary patterns drawn and that alone but bare with me... Back around exactly this time last year (March 2018) there was a period of recovery from the New Year's drop. The market climbed in a gravity-defying fashion respecting the boundaries of an ascending triangle (orange). It eventually breaks out as it...
Listen I'm just a line-drawer and this technically means very little and I know countless of these logarithmic things have been posted already, each with their own variation. But, to me this looks quite feasible and I suppose any breaks of the major long term trend lines drawn here is a viable trade.