Hey guys, the 5th Wave is complete and I`m expecting an A-B-C-Pattern which is not TOO strong since Jerome Paul said that he might be more patient by rate hike`s. Let`s see what happens. I Don`t expect a retracement which is too strong. Gold move shows dollar-weakness / should not be strong today and that is quite good for the Euro. I just edpect some...
major support on red trend can be a cycle maker/ in the below of chart you can see the downtrend cycle is about to terminate// the falling wedge is bullish reversal pattern and if breached we can see movement to 38% & 61% fibo lvl// the time line of making new move is clear on chart// bullish div is created on macd and histo// good luck and have good...
Hi All, I don't usually post setups like this on smaller time frames. But I wanted to show an example of a flag pattern that I would typically take a trade on. We can see on Bitcoin a strong impulse move up which forms the pole and tight consolidation occurring within a range to possibly complete the flag. An entry is confirm on a break of the pole. If you are...
At the moment, the pair continues to depart from the lows and we observe the upward movement. Stochastic is currently pointing to sales and we believe this is the beginning of a corrective movement. If we consider our chart, we can observe the formation of the second "shoulder" in the "inverted head and shoulders" pattern. Now the shoulder is formed and the...
in this pair i see head and shoulder pattern on h4 and h1 timeframe and a long opportunity trade ! that's why: 1- head and shoulder pattern 2- price touched the support zone (left shoulder) 3- we can see at least 2 support key level on daily timeframe , you can check it out in history of this chart (daily) 4- bullish candlestick on daily timeframe 5- bullish...
Hi everybody! Hope you got a nice weekend! Let's start the week with heavy stuff! This is a new pattern I seen on the forex market but in theory it will be applicable to every markets. It's based on the triangle pattern (break and pullback). But with manipulation we can clearly observe a diamond pattern caused by indecision and manipulation, so we can call it the...
Head and shoulders pattern has trigger on DXY. What does this mean for cryptocurrency? One possibility is that we are about to see USD flow back to Bitcoin. Could this be the reason for the resurgence in Bitcoin prices today? In a buy position on a number of USD crosses. Trade safe. Please give this trade idea a THUMBS UP and I will keep you updated! ...
The US dollar is trading to the downside against the Japanese yen currency on Monday, following a broad-based correction lower in the value of the greenback. Traders should expect the recent weakness in the USD/JPY pair to continue while price trades below the 110.55 resistance level. A much larger bearish head and shoulders pattern may also be forming across...
What I can say for now is simple attraction for sides that can potentially collapse for some period of time.
major resistance show a high sell pressure(blue box area) if btc can overcome that there must be another leg up tp 6.8 k and 7.1k | the recent bullish move have three drive pattern and can be ended with a bearish wedge
NEO USD 4H seems to be on an asc wedge. Got incoming resistance from prev support turned resistance, Ichi, and MA+EMAs. Bullish on the tech/platform long term. One of the "safer bets" for the incoming bull run IMO (especially w/ NEO 3.0 incoming, and more ICOs). Thoughts? Points against? Still learning... please be constructive if any. Thanks!
This trade has reached its low target level I previously charted a while back, and the 50% fibonacci level all at once. This may not be the last stop on the way down, as it reached it very fast with some high volume. However, this area was a major point of resistance upwards previously, we should see resistance turned support. Expect a battle at this level of $42,...
The US dollar continues to struggle for direction against the Japanese yen on Friday, as financial markets calm after recent fears about the Turkish economy. The USDJPY pair currently trades within a well-defined bear flag pattern which extends from 110.65 to the 111.25 level. Traders should also note that price is also trading inside a much larger bearish head...
Some creative wealthy institutions created a "BALLs and PENNIS" pattern :D, which is about to ejaculate in some direction.
I can NOT stress this enough, this is just a pattern i am putting here for other traders to see. I do NOT simply enter my trades based one confluence factor such as this. I have just put this here for you all to have a look and make judgement based on your own analysis. Harmonic patterns are hard to find and their quality increases with higher time frame. So...