A long-term Head and Shoulders Pattern is completing on Weekly and it is targeting 11400 levels and 10938 at first hand but then 10400 when $VIX gains strong momentum soon during this period.
Time will tell how deep it falls.
Quite Clean Ascending Triangle has formed on the ASX200 H4 - looking for a break and close in either direction for entry. Look at RR = 3 here. Potentially very good setup.
The euro has tumbled to a fresh monthly low against the US dollar on Monday, as fears over emerging market contagion cause traders to sell the single currency.
The EURUSD pair is likely to remain under heavy intraday selling pressure while trading below the 1.1420 level.
Sellers will now look to break below the 1.1310 support level, while buyers need to stabilise...
As a college student noodles are life, and if you can make gains while enjoying noodles I'm down. Nice uptrend pattern break the 20 SMA and I'll take you out.....if you know what I mean
with some solid buys currently we might be forming a handle here for the inverse cup and handle pattern to form
lower red trend line is target if it breaks the purple neckline after a rebound from fib levels at 6800 supply zone down towards 5800-5600 being the final destination
after the buys/bids at NY open taking bitcoin up over 6400 we need to see good...
Further to my previous post titled "Further downside for Bitcoin expected" (link below), the bear flag pattern / ascending channel broken to the downside and reached our profit target. This also coincides with a 127% Fib extension.
So where to now?
Firstly, I will draw your attention to the shaded yellow area on the chart. This is a DEMAND zone in which...
Whichever way market goes we have a plan for a chance long into the next resistance level (1.2913s) or if a breakout to downside stay on move until gets into the zone at 1.28500's
If long and profits get taken off or even half of position possible continuation into a cypher pattern with great fibs lining up
Plan your trade trade your plan!
The euro has moved above the 1.1600 level against the greenback, as the US dollar index trades lower over improving risk-on trading sentiment. The EURUSD pair is increasingly likely to test major trend line resistance, which is currently located at the 1.1630 level.
Sellers need to force price back below the 1.1600 level, while buyers now need to push price back...
The British pound trades to the downside against the US Dollar in early Tuesday, as bearish technicals and a possible Brexit no-deal, continue to hurt the British pound sentiment.
The GBPUSD pair is strongly bearish while trading below the 1.2955 level, as it represents a large head and shoulders pattern neckline. Buyers will attempt to push price above the...
The British pound continues to trade towards the 1.3100 level against the US Dollar, after being sold aggressively from the 1.3170 region on Tuesday. The GBPUSD pair looks to be forming a bearish head and shoulder pattern, with a downside projection of around one-hundred and thirty pips. Sellers will target the head and shoulders neckline around the 1.3070 level,...
The euro currency is starting to weaken below the 1.1700 level against the US dollar, after a false technical breakout above the well-defined symmetrical triangle pattern on Tuesday. EURUSD traders need to see a clear-break of the triangle pattern to encourage a much needed directional breakout in the pair. Buyers need to break the 1.1730 resistance level, while...
BTCUSD made a significant move up over the last 2 weeks from the 6500's, most recently breaking throught the 7800 level last week. After the break through 7800 it attempted to retest the 8600-8900 range but failed. After noticing an extremely overbought RSI and a developing double top I conducted some fib analysis. It seems there is major fibonacci confluence...
I think BTCUSD is in consolidation phase after what could be a powerful breakout to 10.000 USD
The longer the consolidation the more explosive the price move will be.
In this case, if you look closer the pattern reapeats starting from 6350 to form the first upside break.
1 2 3 4 Breakout Pattern.
1. First, trend to the upside
2. Pullback
3. Retest...
I've been keeping an eye on TRX for the last few days as it's been in a falling wedge pattern for quite some time.
The RSI is starting to tick upwards that coincides with a possible last wave down. Interestingly, there is a cup and handle pattern on the 1 hour chart that i'll be watching closely for a LONG position.
Initial target is the 38.2% Fib of the highs...
![BTCUSD: Bitcoin's inverse cup and handle possibility [BTFD]](https://s3.tradingview.com/y/yfkZX09b_mid.png "Bitcoin's inverse cup and handle possibility [BTFD]")
![BTCUSD: Consolidation after breakout to higher price. [ LONG ]](https://s3.tradingview.com/s/SN4iTpPl_mid.png "Consolidation after breakout to higher price. [ LONG ]")
