Price has broken uptrend and has beautifully reached retest position at a major support/resistance line. Downside is expected.
Yellow rays indicate fibonacci levels Break of support and retest (white line) would force heavy movement down. EMAs have crossed on H4 chart Downwards trend line
Break of support line EMAs crossed Downwards trend Wait for pullback to test support as resistance TP at next support level
Technicals show us that a wedge is forming on all time frames. Weekly time frame is clearer as we can see the major trend line at the bottom, so a possible break to the bottom trend line and then back up
Trend Line Bearish Gartley formed on H4 chart
Could we see a triple bottom? Trend line is being respected EMAs have crossed
Broken downwards trendline gap may be filled trendline acting as support at the moment
H&S EMAs crossed H4 time frame First time using elliot wave pattern, don't know if it is correct but clearly a pattern has been formed of some sort Black lines are support/resistance lines Overall downwards momentum
Reaching major support/resistance level Also a supply zone
There has been an attempt to break below with a retest of the support/resistance price level. But has now formed to create an uptrend pulling back above the price level to make it a support level, with a retest already formed. EMAs have also crossed which also supports strength in the dollar being introduced. Strength in this will allow our EURUSD trade to follow...
Broke out of the first downtrend and has consolidated and has formed another downwards trend and falling wedge Support and resistance lines will help this trade play out nicely.
H&S Formation US data backed downtrend Rejected off downwards trendline Testing Major Support/Resistance level Once broken further downtrend towards target is very likely.
Overall Downtrend A few confluences but we could see a drop before continuing upwards. Many support/resistance levels.
Interesting Supply Zone Has been rejected and bounced off of about 5 times Next drop to support/resistance zone Creating Lower Lows and Lower Highs
Possible long to test support/resistance and then a possible uptrend is resistance line is broken.
Morning Doji candle bring formed Cross of 14 and 50 EMA Uptrend being followed with the break of the falling wedge