Been noticing these rounded bottoms play out on a few different alts - Doesn't always pan out, but I noticed it forming on ARDR here about a week or 2 ago, and sure enough it's playing out nicely. Keep an eye out for them elsewhere!
Price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trend-line to be drawn along the swing lows.
Ascending triangles are generally considered bullish and are most reliable when found in an up-trend.
The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant.
Looking on the 1 min or 5 min, we can see a falling wedge formed. This play is both technical & off the news related to $AMD.
NVDA $365 Call 6/12 @ $440 per contract
or
$400 Call 7/2 @ $350
Do Not Trade This, Not Financial Advice
DotcomJack
Some personal opinion on Wayfair .
- wayfair is stupendously overvalued
- the stock got lucky off of the pandemic, but without any offline presence, its business model is ultimately unsustainable.
- current price factors in potential high growth, where I see none.
- an online furniture business can only grow so much
- without a full transition in business model,...
Hi all.
New update on the EURUSD, finding a zone where we can retrace from to grab some liquidity.
Seems like EURUSD is a bit overbought and needs a pullback before any next impuls can come.
We will monitor price action from here to see if we can get an entry for a short or that EURUSD will keep momentum and push up.
Feel free to follow and ask questions!
Hello all,
GBPJPY is forming a W pattern on the weekly chart, to complete the pattern its high possible that we make another push up.
Before the push up i expect the minor pullback to grab some liquidity for the next move.
Keep monitoring price action.
Feel free to share your thoughts!
Hi all.
USDCHF seems to be trapped in a channel, looking at the daily we monitor a LONG to complete the W-pattern.
After we reach the level we need to monitor price action again because we eiter brake up( trendline & level) or we go down again.
Keep you updated!
Following the Rectangle pattern
Waiting for breakout at 1.072xx to Sell under this price , or can wait 2nd wave recovery --> Sell limit at 1.070xx
+ Target 1 at 1.050xx
+ Target 2 at 1.0350x
hey guys,
EURCAD is trading in a descending triangle like USDCAD some time ago.
it is a classic bearish pattern with a sequence of lower highs and equal lows.
the market is accumulating to push below the horizontal structure support.
our trigger is a bearish breakout of a horizontal structure on a daily chart.(daily candle close below)
it will give us a...
every 8 days a short opportunity seems to present itself, by holding for one day you can get consistent profits.
however, any basic form of market analysis would most likely get better profit.
EUR is overloaded, it's risky to go long now. I expect strong sell for next several days, BUT this is my expectation based on sentiment and fundamental analysis, so we need a proof and spetial technical signals to go short, we need exact points and targets. On H4 chart I see strong pattern sperandeo, which can give as that targets
T1 is first and the most...
