I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern.
This week we had a confirmed breakout of the neckline, here is my complete analysis.
Price has fallen and closed below 30EMA (weekly).
Price has fallen and closed below 200EMA (daily).
CCI indicator(daily) is reading 222, which is a sign of strength...
GOLD is trading inside a long-term ascending channel (in green)
Price was making higher highs and higher lows (in purple)
until price formed a double top pattern (in orange) around 1550 level which acts as a strong resistance and round number
price then broke the double top neckline downward breaking the last low as well giving us an early alert that the uptrend...
Great opportunity for trading on EURUSD currency pier. Perfectly formed pattern triangle, also check the MA 233, price is above this moving, so this fact means that, chance for crossing of pattern is higher for bullish trend. But I recommend to follow the pattern and trade only after braking of trend lines L1 or L2.
Xrp now following a "reserval" pattern, with ascending triangle... this will take some time, or maybe this time is not different? we will see.
BTW looking divergence H1 chart help finding entry and earn some profit with leverage.
Another good entry is around 2500 sats.
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If you're interest in my indicator "Lady BTC...
Hello Traders!,
Update on recent BTC developments!,
New potential formations on the chart, Hourly Inverse Head and Shoulders!
Points to consider,
- Potential Inverse head and shoulders
- Trend is currently consolidating
- .618 Fibonacci acted as support
- Price testing neckline
- Potential Triple top if price meets calculated target
- RSI respecting up...
A2 Milk appears to have lost to the bears.
A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken.
Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign.
Increased volume on negative candles and on right shoulder shows strong possibility of break...
As shown in the chart, we are testing a heavy resistance tested multiple times.
Technical indicators are showing mostly consolidation.
If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +)
Obviously breaking this resistance would be an important step towards a strong uptrend.
XAUUSD - GOLD Long/Buy Idea
waiting for a momentum candle close above 1501.0 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Channel Rejection from H4 (in green) - Trend-following setup
3- Inverse Head and Shoulders Pattern (in orange)
4- Wedge Pattern (in blue)
Three confluences are enough to consider Buying XAUUSD - GOLD , after a...
The EURUSD is providing us with a technical squeeze with sell pressure pushing us consistently downwards. This may be in light of the ECB's interest change that will be coming.
Keeping an eye on A2 Milk as a possible head and shoulder's pattern is emerging.
Definitely not confirmed but a good one to add to the watch-list that's for sure.
USD correction to major currencies confirmed, as we have posted on Monday. Check our posts for this week. USDCHF currency pier perfectly formed pattern wedge and closed signal well. But don't forget about Non-farm employment change from United States. Remind you that last month Non-farm employment change has dropped to 160k from 224k, this month we expect 164k,...
