If you randomly picked a few readers of r/WallStreetBets, they'd probably tell you all about Micron (MU) & AMD and how they have fantastic potential. Focusing in on MU: is it going to live up to the hype? From a technical analysis point of view, I'm inclined to agree! A very textbook flag/triangle pattern is forming - these patterns are generally trend...
Ladies and Gentelman we're here to present you the ultimate trading oppertunity ! Chart has allowed us to spot a Ascending triangle pattern on 4h candles. Price action has bounced off Ichimoku cloud and MA 50 which supports further upward movement. Histogram of MACD indicator is switching it's direction towards up side which can be viewed as a bullish signal. You...
approaching end of pattern Waiting on price to retrace back to 50 EMA for long entry orange boxes are possible reversal zones green bars are support burgundy horizontals are order blocks
I am shorting AUDUSD for the following reasons: It has broken a the ascending bullish flag it was on. It is simple price action. If the candle were to go up pass the trend line it would invalidate my trade activating my Stop Loss and would wait for a retest to go long.
usd weakness would correctly depict the head part of the pattern. The rest of the patter formation is supported by the current resistance we are seeing at this price level. The horizontal trend lines pertain to are of strong support and resistance. The triangles depict trend directional based consolidation on a basis of current trend. The rectangles display...
A possible short continuation of the double top formed on the 4h audjpy chart. The temporal levels of fibonacci describe the movement of this trend very well. operate only after a small retracement. 60 pips target
What do you guys think? Could finally mean a trend reversal after yesterday's vicious mauling by the bears.
An inverse head & shoulders pattern formed in the charts of Intellia, a company developing CRISPR gene-editing therapy. While CRISPR has not been approved to begin human trials in the US, it has already been tested on over 80 patients in China. Target: $31 (previous closing high), or long term hold Stop: $18 - $20
As you can see on the 4h charts, BINANCE:NEBLBTC is at the end of a triangle pattern. We have 2 options: If it breaks by the top, then we can expect to touch the next big resistance at 29000 sat. If not, we can imagine the worst. Place STOP Loss at 15000 Sat.
By now, BTC is struggling to maintain inside the triangle that has fully respected, touching the resistance twice before, and rebouncing from there. In BTC Coinbase chart , price broke down but it came back to the triangle and close exactly in the support of the triangle. BTC is in a symetrical triangle that has not defined yet where to go, and has been forming...
Possible patterns for $xzc on the daily. Possible targets. Don't take the targets too seriously. Not to say they're not viable, but I was just trying to get an idea of potential by looking at pivot levels and possible reversal zones. Twitter: AzorAhai06
Based on the re-projection of the past corrective cycle...
Seems as though we might have to spend more time down in 9k land. The pattern seems to match the top so perfectly... I sincerely think this correction is far from over. Which would explain the massive rise to come in many alts... Thoughts?
We are seeing a descending triangle pattern on XRP hourly time frame. Usually this pattern is a sign of a continuation on a downtrend, but there are some interesting things to analyze. - Stochastic is in the low area of the channel, and has just crossed, suggesting an upside movement is near (not matter if it is not to agressive but, considering that we are in...
FOREXCOM:USDTRY Over the last 109 days USD/TRY has been forming a rather large triangle. However, over the past 66 days the pair has been trailing down an expanding falling wedge until it bounced off of a strong support zone. It has now completed a classic break-check-go pattern and over the past 3 days has completed a swing low setup (low, lower-low and a...