An update from a previous Dow Jones chart. I will post a link to the previous as well. We are getting very close to the smaller inverse head and shoulders breakout target here. Always a chance it corrects before continuing up to the second larger inv h&s target but then again always a chance it just keeps going to reach the 2nd target without a correction...
Nothing much to add here that I didn’t post in the previous idea, just wanted to also show how it looked on a weekly timeframe. Please refer to the previous idea for more in depth analysis about this one. Thanks.
Shown here is the channel/bullflag and the cup and handle the weekly total2 log chart’s price action has ben forming. It is now forming the handle portion of the cup and handle ad we can see we are about to experience a golden cross of the weekly 50(orange) and 200(blue) MAs in the next couple weeks or so. If the weekly 50ma can hold support then odds are good...
Definitey looks like it’s validating the breakout here after 2 previous attempts that ended up going back inside the channel. 3rd time here is likely the charm but it needs to overcome the resitance of the weekly 200ma (in blue) first before it can hit the full target. *not financial advice*
Too early to confirm this but thought it would be fun to post a speculative pattern on NEAR Protocol here. The bottom of this cup is not quite as rounded as I normally like them to be which is one more reason that this chart is mroe speculative as of now, but still I have seen cups with uglier bottoms play out so this one is definitely still feasible. Posting this...
Bitcoin just hit a new all time high against the USD pre halving! The bitcoin spot etfs have shifted the paradigm and we now find ourselves in unprecedented times. Considering that, for all I know the correction may have already seen the lowest it will go before we resume bull, but if history can tell us anything, it’s that it’s very common to see multiple 30-40%...
Very close to hitting the teal channels breakout target, after that we head for the pink channels breakout target…also likely to go to the beginning of the red bearflag pole around 51 cents as is common with inverse Bart patterns. *not financial advice*
Just like my previous idea I posted on gala, mana is also currently inside a similar bear flag where the flag is also a descending channel. The full breakdown target for this would be negative 1.80 so I think it’s more likely this bear flag breaks upward…the descending channel on its own usually breaks up so often when you see it as the flag of a bear flag it can...
If the current weekly candle on bluzelle can close above the rimline for this cup n handle pattern it should solidify the current bullwick it has made after having a sizeable dip below the rimline earlier in the current weekly candle. Only have to worry about readjusting the measured move line in my opinion if we close the weekly back below the rimline as I would...
We can see here on the weekly how UNIUSd has formed a nice Adam & Eve double bottom (illustrated in the yellowish chartreuse color). We can also see how inside that double bottom we have formed a smaller fractal version of the Adam & Eve double bottom as well (shown here illustrated in pink). To make sure I covered all bases, I also included a the more common...
Fetch AI validating its inverse head and shoulder breakout patterns here and well on the way to both targets $1.12 for the lower neckline and $1.234 for the higher neckline. Shown here on the weekly timeframe. *not financial advice*
Link starting to act like it’s about to break upward form this daily timeframe bullflag in teal. We can see below that it has already broken upward from the larger weekly timeframe bullflag in pink. Our next stop should be $23 to reach the daily bullflag target and then $35 to reach the weekly bullflag’s target. No guarantee the current candle is the breakout...
The overhead resistance bitcoin priceaction has been battling with the past few days is this upward slanted tan neckline shown here. Not sure when price will actually break above this line and upward slanted inverse head and shoulder patterns can be some of the more difficult ones to trigger the breakout on…however if it does indeed breakout in the near future the...
Still working on a weekly candle close above the rimline of this cup and handle and also the top trendline of an even bigger symmetrical triangle pattern seen here on the logarithmic weekly chart. The smaller and more realistic potential breakout target here is for the cup and handle pattern, the one that’s al the way up at $23 is the target for the symmetrical...
After countless wicks above the pink channel on the daily time frame, link finally broke upward with authority and has already reached the channel’s measured move target. Once we switch to the weekly timeframe shown here, we can see that channel is also a very valid looking weekly bullflag and the measured move target for the bullflag Breakout is $25.30 or so. Now...
We currently have 1 weekly candle close above the rimline of the cup. I want to see at least 2consecutive weekly candle closes above the rim and a 3rd candle maintaining support before I’m ready to say probability favors a breakout validation. If it does breakout here the measured move will be around 63 cents. *not financial advice*
We can see the bottom trendline has held support thus far and the red double bottom neckline is holding wick support. Definitely key trendlines to watch in the near future. I could see it retesting the red neckline once the weekly 50ma(in orange) comes up to overlap it for double reinforced support. *not financial advice*
We can see here how the bottom trendline of this brown symmetrical triangle has held support since early 2020 and will likely continue to do so. We can also see that we are on the verge of a weekly golden cross with the weekly 50ma (in orange) looking like it will cross above the weekly 200ma(in blue) shortly after the next bullish impulse in price action. Those...